What does MB FIN SVC mean on my credit report?

Learn about MB FIN SVC, 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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What is MB FIN SVC?

MB FIN SVC is shorthand for Mercedes - Benz Financial Services, with the company name being Mercedes - Benz Financial Services Inc

MB FIN SVC 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 Mercedes - Benz Financial Services.

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

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

How do I contact them?

Here is the current contact details for Mercedes - Benz Financial Services:


  • P.O. Box 685

Roanoke, TX 76262





payments can be made using a debit or credit card, or via bank transfer. we offer a monthly payment plan for all our services. You can choose to pay for a single service up-front or opt for our monthly payment plan for multiple services. customers can get a payment refund by contacting the customer service team or the merchant to request a refund. The merchant or customer service team will typically process the refund within a few days. you can make payments over the phone with most payment providers. Most payment providers offer phone payment services that allow users to securely and conveniently make payments over the phone. you can make payments online. Many websites provide the ability to securely enter payment information and submit payments electronically. Additionally, many banks and financial institutions offer the option to pay bills and make payments online through their websites or mobile apps. they do not offer a discount for automatic payments. other payment options such as checks and money orders are accepted. many banks allow customers to make payments via mobile apps. Mobile banking apps provide customers with the convenience of quickly and securely sending payments with just a few taps. Furthermore, many banks provide additional features such as keeping track of account balances and sending alerts for transactions. if payments are late or missed, there may be penalties such as late fees, additional interest, or other fees. prepaid debit cards can be used to make payments. Prepaid debit cards are accepted in most places where debit cards are accepted, including online payments and other transactions. The advantages of using a prepaid debit card are that the funds are immediately available and there are no overdraft fees. customers can make payments using a wire transfer. Wire transfers are a common method for transferring funds between two parties, typically involving a bank account and a payment processor. Customers can use this method to send payments quickly and securely.

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

both loan forgiveness and consolidation are offered. To qualify for loan forgiveness, you must make 120 monthly payments while employed full-time by a qualifying employer.

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. Applying for a loan with a cosigner may improve your chances of getting approved.

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.

MB FIN SVC 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 MB FIN SVC 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.