What does LEADERS FINANCIAL COMP mean on my credit report?
Learn about LEADERS FINANCIAL COMP, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is LEADERS FINANCIAL COMP?
LEADERS FINANCIAL COMP is shorthand for Leaders Financial Co, with the company name being Leaders Financial Co Inc
It specializes in financial services for automobile buyers, its dedicated, knowledgeable team have what it takes to help both individual consumers and auto dealers achieve favorable outcomes on bankruptcy and loan applications.
LEADERS FINANCIAL COMP 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 Leaders Financial Co.
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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 $1000.
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⚫ The average high credit balance is $6700.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for Leaders Financial Co:
Address:
- 21 Commerce Dr #101, Cranford, NJ 07016, United States
Website:
Email:
Phone:
Payments
you can make a payment and have it credited today. Payments should be mailed to 21 Commerce Drive, Suite 101, Cranford, NJ 07016. Your first payment is due upon signing the loan agreement. If you change your insurance carrier or make any other changes to your policy, you should contact Leaders Financial. You should inform them of any address changes, and you can find out your payoff amount by contacting them. Insurance requirements must be met before a loan can be approved. If your car is stolen, you should contact Leaders Financial and your insurance company.Leaders Financial offers a monthly payment plan. Payment refunds can be requested by contacting Leaders Financial. Customers can reach out to Leaders Financial for more information by phone at (908) 497-9100 or by email at compliance@leadersfc.com.Late or missed payments come with penalties. Payments can be made using a mobile app, a prepaid debit card, or a wire transfer.
| 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? | 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
Leaders Financial does not offer loan forgiveness nor consolidation. Loan forgiveness is not something they offer.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
you can apply for a loan online with Leaders Financial, a Mid-Atlantic consumer auto loan company. You cannot apply for a loan over the phone, in person, or using a mobile app. You can, however, 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? | 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 LEADERS FINANCIAL COMP 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.
