What does KLSFINANCIAL mean on my credit report?

Learn about KLSFINANCIAL, 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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KLSFINANCIAL is shorthand for KLS Financial Services, with the company name being KLS Financial Services Inc

KLSFINANCIAL 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 KLS Financial Services.

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

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

About the account

  • ⚫ The average account balance is $200.

  • ⚫ The average high credit balance is $200.

The account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for KLS Financial Services:


  • 991 Aviation Pkwy #500, Morrisville, NC 27560, United States





payments can be made through the Consumer Portal or Client Portal. Alternatively, you can contact KLS Financial at 833.HIRE.KLS or 833.447.3557 or CONTACT@KLSINFO.COM. KLS offers payment plans to assist those in collection. They also support businesses, practitioners, and those financially suffering during this time. Consumers can contact KLS at 833.HIRE.KLS or 833.447.3557 or contact@klsinfo.com to inquire about payment plans. visibility of potential payment refunds will vary depending on the creditor and their policies. KLS Financial Services recommends contacting the creditor directly to inquire about potential payment refunds or other offers. payments can be made over the phone by contacting 833.HIRE.KLS or 833.447.3557 or contact@klsinfo.com. Additionally, consumers and clients can access the Consumer Portal and Client Portal for more information and make payments. clients of KLS Financial Services can make payments online through their consumer and client portals. they do not offer a discount for automatic payments. KLS Financial Services offers offers to assist those who are now ready to pay or wanting to structure a viable payment plan with no penalty.

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

KLS Financial Services does not offer loan forgiveness or consolidation. However, they may be able to defer car or credit card payments if you are having financial difficulty.

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

How to Apply

KLS Financial Services is a debt collection agency and does not offer loan services.

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? No

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

KLSFINANCIAL 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 KLSFINANCIAL 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.