What does GREAT AMERICAN FINANCE mean on my credit report?

Learn about GREAT AMERICAN FINANCE, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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GREAT AMERICAN FINANCE is shorthand for Great American Finance Holdings LLC, with the company name being Great American Finance Holdings LLC Inc

GREAT AMERICAN FINANCE 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 Great American Finance Holdings LLC.

  • ⚫ 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:

  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for Great American Finance Holdings LLC:


  • 200 S Michigan Ave, Chicago, IL 60604, United States





You can make a payment with a debit or credit card, by bank transfer, or with a check. All payment methods are available on the website. We offer a convenient monthly payment plan for all of our products. Customers can choose to pay for their products in full upfront or spread out payments over a period of up to twelve months.contact the company you made the payment to directly for a refund. They should be able to provide assistance in processing the refund. payments can be made over the phone by providing your credit card information to the customer service representative. you can make payments online with a wide array of payment methods including credit cards, debit cards, online banking services, PayPal, and more. These methods allow you to securely and conveniently make payments without having to meet in person or wait for a check to clear. other payment options such as checks and money orders are available. you can make a payment using a mobile app. Many apps allow users to securely store banking information and make purchases on the go. Additionally, many online stores have mobile apps where customers can quickly make payments on their phones. late or missed payments can incur penalties. Interest and/or additional fees may be charged and can cause the balance owed to increase. Credit ratings and credit score can also be negatively impacted. most prepaid debit cards can be used to make payments. They can be used to purchase items online, pay bills, transfer money, and more. Prepaid debit cards provide the same convenience of a regular debit card without the requirement of having a bank account. customers are able to make a payment using a wire transfer. The process involves sending money from one bank account to another. Customers will need to provide the recipient’s bank details and the amount of money being transferred.

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

Loan forgiveness and consolidation are both options offered by the website. To qualify for loan forgiveness, certain requirements must be met.

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

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 need a cosigner for some loans.

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

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 GREAT AMERICAN FINANCE 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.