What does GRAIN TECHNOLOGY INC mean on my credit report?

Updated January 1, 2023

What is GRAIN TECHNOLOGY INC?

GRAIN TECHNOLOGY INC is shorthand for Grain Technology Inc, with the company name being Grain Technology Inc Inc

“Grain” offers a revolving line of credit that you can access via your existing debit card, without having to issue a card yourself. Our team is made up of bankers and financial experts with a combined 20+ years’ experience. We’re based in Oakland, CA. A platform that prioritizes your interests ahead of investor or stockholder profit goals.

GRAIN TECHNOLOGY INC 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 Grain Technology Inc.

• ⚫ You opened a credit card / loan / mortgage with this company.

• ⚫ Someone fraudulently opened a credit line under your name.

About the account

The account is classified under the following METRO2 categories:

• ⚫ Credit Card

How do I contact them?

Here is the current contact details for Grain Technology Inc:

Website:

• trygrain.com

Phone:

• (833)-755-0809

Payments

you can make a payment by using a debit or credit card, setting up an automatic bank transfer, or using a mobile app. Wire transfers are also a secure and convenient way to make a payment. Other payment options include using a check or money order. Note that some payment methods may have associated fees. Late or missed payments may result in a late fee or interest charge.

Question	Answer
Do they offer a monthly payment plan?	Yes
Can I make payments over the phone?	Yes
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

The website offers loan forgiveness and consolidation. To qualify for loan forgiveness, the website says you have to make 120 payments.

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

How to Apply

You can apply for a loan in person, by phone, or online. 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?	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 GRAIN TECHNOLOGY INC 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.

• Sample Equifax Dispute Letter
• Sample Experian Dispute Letter
• Sample TransUnion Dispute Letter