What does ENGS COMMERCIAL FINANC mean on my credit report?

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

Updated January 1, 2023
Header image


ENGS COMMERCIAL FINANC is shorthand for ENGS Commercial Finance Co, with the company name being ENGS Commercial Finance Co Inc

Through ENGS Commercial Capital LLC, ENGS provides commercial lending services under the name of WORKING CAPITAL. With ENGS Insurance Agency LLC, ENGS supports MHC’s global social objectives by providing financial services in the renewable and alternative energy markets.

ENGS COMMERCIAL FINANC 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 ENGS Commercial Finance Co.

  • ⚫ 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 $5100.

  • ⚫ The average high credit balance is $38000.

  • ⚫ The typical loan duration is 50 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 ENGS Commercial Finance Co:


  • 1 Pierce Pl #1100, Itasca, IL 60143, United States





To make a payment, you can either schedule a one-time payment using a credit card or checking account, enroll in automatic payment, enroll in online bill pay, grant account access to an authorized party, change your physical and/or billing address, or download the ENGS Commercial Finance Mobile App. You can get a payment refund by contacting customer service or by requesting a refund through online bill pay. It is not possible to make a payment over the phone. Payments can be made online through the customer service center. There are no penalties for late or missed payments. You can make a payment using a prepaid debit card or wire transfer.

Question Answer
Do they offer a monthly payment plan? Yes
Can I make payments over the phone? No
Can I make payments online? Yes
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 options offered by the website. To qualify for loan consolidation, the borrower must be employed by a public service organization, have made 120 qualifying payments, and have a Direct Consolidation Loan with a balance. To qualify for loan forgiveness, the borrower must have made 120 qualifying payments while working full-time for a qualifying employer.

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

How to Apply

You can apply for a loan in person, over the phone, or online. You may also be able to use a mobile app to apply for a loan. Some loans 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? No
Can I apply for a loan using a mobile app? No
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 ENGS COMMERCIAL FINANC 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.