What does EL CENTRO FINANCE CO mean on my credit report?
Learn about EL CENTRO FINANCE CO, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is EL CENTRO FINANCE CO?
EL CENTRO FINANCE CO is shorthand for El Centro Finance Co, with the company name being El Centro Finance Co Inc
Justis Financing is a privately held lending company offering loan services up to $1,480. Come into any of our many Dallas-Fort Worth offices to apply, or use our online application process. Since then, we’ve expanded our operations to 18 locations across the DFW metro area. We pride ourselves on a strong local presence, growth mindset and competitive rates.
EL CENTRO FINANCE CO is a Creditor provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with El Centro Finance Co.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
About the account
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⚫ The average high credit balance is $500.
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⚫ The typical loan duration is 6 months.
The account is classified under the following METRO2 categories:
- ⚫ Unsecured
How do I contact them?
Here is the current contact details for El Centro Finance Co:
Address:
- 209 Jefferson, Dallas, TX 75208, United States
Website:
Email:
Phone:
Payments
Justice Finance accepts payments in-person, online, or over the phone. Applicants can fill out the online form to apply for a loan, then visit a local branch or call 1-800-858-9149 for an appointment.they do not offer a monthly payment plan.Justice Finance offers online loan applications and payments.they do not offer a discount for automatic payments.Justice Finance offers payment options such as using a check or money order.Justice Finance offers payment options for loans with a mobile app.there are penalties for late or missed payments.Justice Finance offers signature personal loans and accepts prepaid debit cards as a form of payment.Justice Finance offers payment options that include wire transfer.
| 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
Loan forgiveness and consolidation are both available through this program. To qualify for loan forgiveness, you must make 120 qualifying monthly payments.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
It is possible to apply for a loan online, over the phone, or in person. Some applications may require a cosigner.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | Yes |
| Can I apply for a loan over a phone call? | No |
| 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.
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 EL CENTRO FINANCE CO 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.