What does HONOR FIN mean on my credit report?
Learn about HONOR FIN, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is HONOR FIN?
HONOR FIN is shorthand for Honor Financial Group, with the company name being Honor Financial Group Inc
Contact us for an unforced opinion today. We are based in beautiful Brevard county, Florida, and our interests are identical to ours clients we often work together with other local professionals such as lawyers, accountants and insurers to develop a strategy that is as individualized as you are.
HONOR FIN 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 Honor Financial Group.
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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:
- ⚫ Auto
- ⚫ Collection Agency/Attorney
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for Honor Financial Group:
Address:
- 2351 W. Eau Gallie Blvd., Suite 1 Melbourne, FL 32935
Website:
Email:
Phone:
Payments
To make a payment, clients can call the office at 321-421-6999 for a no-obligation consultation. There is no monthly payment plan, but refunds are available. To get a refund, clients must contact Mike Baumann at Honor Financial Group, Inc. for assistance. Payments cannot be made over the phone or online, but a discount is not offered for automatic payments. Checks and money orders are accepted forms of payment. There are no penalties for late or missed payments. Prepaid debit cards can be used to make payments. Wire transfers are not accepted.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| Can I make payments online? | No |
| 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
they do not offer loan forgiveness or consolidation. Qualifying for loan forgiveness requires meeting specific criteria and varies from program to program. It is important to speak with a licensed professional to ensure you understand the details and conditions of any loan forgiveness program.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You cannot apply for a loan online, over the phone, or in person with Honor Financial Group. However, you can apply for a loan with a cosigner. Mike Baumann is an Independent Financial Services Professional who specializes in the areas of investments and insurance, as well as estate and retirement planning, offering comprehensive personal financial plans, managing investment portfolios, tax planning, and recommending insurance strategies.
| 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 |
| 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 HONOR FIN 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.
