What does GTEFINANCIAL mean on my credit report?
Learn about GTEFINANCIAL, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is GTEFINANCIAL?
GTEFINANCIAL is shorthand for GTE Financial, with the company name being GTE Financial Inc
We are a non-profit financial co-operative. GTE does not make a net profit to be turned over to anonymous shareholders. Your money is safe and secure being held here in trust for you by GTE? Serving our Community is equally important to us as providing first class financial Services.
GTEFINANCIAL 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 GTE Financial .
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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
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⚫ The average account balance is $3300.
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⚫ The average high credit balance is $9500.
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⚫ The average monthly repayment is $100.
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
- ⚫ Credit Card
- ⚫ Auto Loan
- ⚫ Unsecured
- ⚫ Auto
- ⚫ Secured
How do I contact them?
Here is the current contact details for GTE Financial :
Address:
- 7563 W. Waters Ave. Tampa, FL 33615
Website:
Email:
Phone:
Payments
Customers can make payments in a variety of ways including online, over the phone, and with a mobile app. There are benefits and drawbacks to each method. Additionally, some businesses offer a discount for customers who make automatic payments.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| Can I make payments online? | Yes |
| Do they offer a discount for automatic payments? | No |
| 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
Bank of America does not offer loan forgiveness, but does offer loan consolidation services for eligible customers. Loan forgiveness is available for certain types of borrowers who meet certain qualifications, such as income-driven repayment plans, Public Service Loan Forgiveness, and other options. Borrowers should contact their loan servicer to find out which programs they qualify for and understand the requirements of each program.
| 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 be able to apply for a loan with 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 GTEFINANCIAL 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.
