What does DISCOVER FIN SVCS LLC mean on my credit report?

Is DISCOVER FIN SVCS LLC making an impact credit score?

Updated May 1, 2022

What is DISCOVER FIN SVCS LLC?

DISCOVER FIN SVCS LLC is shorthand for Discover, with the company name being Discover LLC

Our purpose is to assist people to better plan their spending, control their debts and save more to reach a healthier financial future.

DISCOVER FIN SVCS LLC is a Creditor. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Discover.

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

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

About the account

The account is classified under the following METRO2 categories:

  • ⚫ Credit Card
  • ⚫ Collection Agency/Attorney
  • ⚫ Secured
  • ⚫ Secured Credit Card

How do I contact them?

Here is the current contact details for Discover:

Address:

  • PO Box 6103 Carol Stream, IL 60197-6103

Website:

Email:

Phone:

  • 224-888-7777

SmartCredit Report Example

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

DISCOVER FIN SVCS LLC SmartCredit 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 DISCOVER FIN SVCS LLC 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.