What does ENERBANK USA mean on my credit report?
Learn about ENERBANK USA, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is ENERBANK USA?
ENERBANK USA is shorthand for EnerBank USA, with the company name being EnerBank USA Inc
We are the leading provider of home improvements loans, seen continuous growth through several economic cycles. Enerbank’s leadership team is composed by experienced and innovator people.
ENERBANK USA 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 EnerBank USA.
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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 account balance is $2400.
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⚫ The average high credit balance is $10300.
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⚫ The typical loan duration is 76 months.
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⚫ The average monthly repayment is $100.
The account is classified under the following METRO2 categories:
- ⚫ Unsecured
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for EnerBank USA:
Address:
- 1245 Brickyard Rd, Salt Lake City, UT 84106, United States
Website:
Email:
Phone:
Payments
EnerBank USA offers six payment options including wire transfers, online payments, debit cards, recurring payments and online bill pay. There is no charge to schedule one-time or recurring payments from a personal checking or savings account and one-time payments using a debit card will incur a $4.95 fee per transaction.Prepaid debit cards cannot be used to make a payment to EnerBank USA.
| Question | Answer |
|---|---|
| Do they offer a discount for automatic payments? | No |
| Can I make a payment using a prepaid debit card? | No |
| Can I make a payment using a wire transfer? | Yes |
Forgiveness and Cancellation
EnerBank USA does not offer loan consolidation or loan forgiveness. They specialize in home improvement loans and offer a quick and easy application process, U.S. based lending and customer service, 120-180 day credit commitment, high approval rates, and six ways to make a payment.
| 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. You can also 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? | No |
| Can I apply for a loan with a cosigner? | Yes |
SmartCredit Report Example
- This is an example of what this creditor will look like on your 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 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 ENERBANK USA 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.