What does KINUM mean on my credit report?
Learn about KINUM, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is KINUM?
KINUM is shorthand for Kinum Inc , with the company name being Kinum Inc Inc
We think it is fair that people should have what they want. Their internal collection efforts were inefficient and costly for the staff, and we started developing a system that would help clients avoid conventional debt collections through a better accounts receivable management strategy.
KINUM 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 Kinum Inc .
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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:
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for Kinum Inc :
Address:
- 770 Lynnhaven Pkwy #160 Virginia Beach, VA 23452
Website:
Email:
Phone:
Payments
Kinum is a third-party collection agency that offers services to businesses to help them get the money they are owed. It is the highest rated debt collection agency on Google. It provides a comprehensive approach for collecting debt that takes the burden off office staff and offers services to a wide variety of industries. Services include reminders and a track record of assisting in the business-to-business market. Penalties may be incurred for late or missed payments. Payment options include online payments, but not wire transfer, phone, prepaid debit card, check, or money order.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| Can I make payments online? | Yes |
| Can I make a payment using a mobile app? | No |
| Can I make a payment using a prepaid debit card? | No |
| Can I make a payment using a wire transfer? | No |
Forgiveness and Cancellation
they do not offer loan forgiveness or loan consolidation.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You cannot apply for a loan online. With Kinum, you can apply for a loan using a mobile app.
| 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? | 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 KINUM 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.
