What does COURTESY FIN mean on my credit report?

Learn about COURTESY FIN, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
Header image

What is COURTESY FIN?

COURTESY FIN is shorthand for Courtesy Financial LLC, with the company name being Courtesy Financial LLC Inc

Financial Helpers is a non-profit organization founded in 2010 that provides assistance for students who are struggling with their academic or financial responsibilities.

COURTESY FIN is a Creditor provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Courtesy Financial LLC.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

  • ⚫ The average account balance is $300.

  • ⚫ The average high credit balance is $1400.

  • ⚫ The typical loan duration is 14 months.

The account is classified under the following METRO2 categories:

  • ⚫ Secured
  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for Courtesy Financial LLC:

Address:

  • PO Box 501299 Atlanta GA 31150

Website:

Email:

Phone:

Payments

To make a payment with Courtesy Finance, customers can apply online, visit a local branch, or call 855-513-LOAN. There is no monthly payment plan, but customers can make payments online, via mobile app, with a prepaid debit card, or wire transfer. There are no penalties for late or missed payments.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? No
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

There are three main ways to qualify for loan forgiveness through the Public Service Loan Forgiveness Program: making 120 qualifying monthly payments while working full-time for a qualifying employer, working for a qualifying employer during the 10-year Standard Repayment Plan, or having a remaining balance forgiven after making 25 years of qualifying monthly payments.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

You can apply for a loan online, over the phone, or in person. Some lenders also allow you to apply for a loan using a mobile app. You may be able to get a loan with a cosigner.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? Yes
Can I apply for a loan in person? Yes
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

COURTESY FIN IdentityIQ Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

How do I remove COURTESY FIN from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.