What does FIRST INV SERVICING CO mean on my credit report?
Learn about FIRST INV SERVICING CO, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is FIRST INV SERVICING CO?
FIRST INV SERVICING CO is shorthand for
First Investors Servicing Corporation, with the company name being
First Investors Servicing Corporation Inc
Moreover, the company emphasizes high levels of service to its client dealers, as well as stability in its financing processes. The company acquires potential customer scores using its own customized model tools, and first investors has completed eight portfolio acquisitions either alone or in conjunction with third parties. First Investors has a proven track record of achieving superior performance results and has closed eight outsourcing agreements.
FIRST INV SERVICING CO 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 First Investors Servicing Corporation.
⚫ 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 $6600.
⚫ The average high credit balance is $25800.
⚫ The average monthly repayment is $300.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for First Investors Servicing Corporation:
- 3065 Akers Mill Rd SE, Suite 700 Atlanta, GA 30339
There are several ways to make a payment, including online, over the phone, and using a mobile app. There may be penalties for late or missed payments. You can also use a prepaid debit card, wire transfer, or check/money order to make a payment.
|Do they offer a monthly payment plan?||Yes|
|Can I make payments over the phone?||Yes|
|Can I make payments online?||Yes|
|Do they offer a discount for automatic payments?||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 from Sallie Mae. Loan forgiveness may be an option if you work in certain public service jobs, and consolidation can simplify repayment by combining multiple federal student loans into one.
|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, in person, or using a mobile app. It may also be possible to apply for a loan with a cosigner.
|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 FIRST INV SERVICING 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.