What does FINANCIAL DATA SYSTEMS mean on my credit report?
Learn about FINANCIAL DATA SYSTEMS, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is FINANCIAL DATA SYSTEMS?
FINANCIAL DATA SYSTEMS is shorthand for Financial Data Systems, with the company name being Financial Data Systems Inc
FINANCIAL DATA SYSTEMS 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 Financial Data Systems.
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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 account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for Financial Data Systems:
Address:
- PO Box 688 Wrightsville Beach, NC 28480
Website:
Email:
Phone:
Payments
You can make payments online, over the phone, or using a mobile app. There is no monthly payment plan, but there is a discount for automatic payments. You can also make payments using a check or money order. There are penalties for late or missed payments.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | Yes |
| Can I make payments online? | Yes |
| Can I make a payment using a wire transfer? | Yes |
Forgiveness and Cancellation
Loans from the federal government may offer forgiveness or consolidation options. To qualify for loan forgiveness, you may need to work for a government or non-profit organization, or make payments for a certain period of time. To consolidate your loans, you’ll need to contact your loan servicer.
| Question | Answer |
|---|---|
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online, over the phone, or in person. You may also be able to apply for a loan using a mobile app. You may be able to apply for a loan with a cosigner.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | No |
| 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 |
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 FINANCIAL DATA SYSTEMS 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.
