What does FEDERAL FINANCIAL SE mean on my credit report?
Learn about FEDERAL FINANCIAL SE, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is FEDERAL FINANCIAL SE?
FEDERAL FINANCIAL SE is shorthand for Federal Financial Services, with the company name being Federal Financial Services Inc
On May 10th, 1995 the Company opened the doors of their First Office in Elkin, North Carolina. They had only one employee at this time, but no longer required any receivables or cash from the dealer network.
FEDERAL FINANCIAL SE 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 Federal Financial Services.
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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
- ⚫ The average high credit balance is $8800.
How do I contact them?
Here is the current contact details for Federal Financial Services:
Address:
- 935 N. Bridge Street Elkin, NC 28621
Website:
Email:
Phone:
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 FEDERAL FINANCIAL SE 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.