What does CSO FNCL INC mean on my credit report?

Is CSO FNCL INC making an impact on your credit score?

Updated January 1, 2023
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What is CSO FNCL INC?

CSO FNCL INC is shorthand for CSO Financial Inc, with the company name being CSO Financial Inc Inc

Creswell is located on the railroad line between Chicago and Terre Haute.

CSO FNCL INC 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 CSO Financial Inc.

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

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

How do I contact them?

Here is the current contact details for CSO Financial Inc:

Address:

  • 1229 SE Stephens Roseburg, OR 97470

Website:

Email:

Phone:

Payments

CSO Financial does not offer payment services, a monthly payment plan, or wire transfer payment options. CSO Financial provides an “Account Assignment” sheet that outlines the information needed to make payments online and offers a secure mobile app that allows users to make payments. Prepaid debit cards cannot be used to make payments. there are penalties for late or missed payments, such as additional fees or increased interest rates.

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 wire transfer? No

Forgiveness and Cancellation

The website offers loan forgiveness and consolidation. To qualify for loan forgiveness, you must make your payments on time.

Question Answer
Do they offer loan consolidation? No

How to Apply

You can apply for a loan online, over the phone, or in person. You can also apply for a loan using a mobile app. You may need a cosigner for your loan.

Question Answer
Can I apply for a loan online? No
Can I apply for a loan over a phone call? No
Can I apply for a loan in person? No
Can I apply for a loan using a mobile app? No
Can I apply for a loan with a cosigner? No

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 CSO FNCL INC 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.