What does MERCEDES BENZ FINANCIA mean on my credit report?
Learn about MERCEDES BENZ FINANCIA, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is MERCEDES BENZ FINANCIA?
MERCEDES BENZ FINANCIA is shorthand for Mercedes-Benz Financial Services USA LLC, with the company name being Mercedes-Benz Financial Services USA LLC Inc
For over forty years, Daimler Trucks has been delivering commercial vehicles around the world; we have specialised in finance solutions for trucks and buses since 1973.
MERCEDES BENZ FINANCIA 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 Mercedes-Benz Financial Services USA LLC.
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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 $5100.
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⚫ The average high credit balance is $32600.
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⚫ The average monthly repayment is $200.
The account is classified under the following METRO2 categories:
- ⚫ Lease
- ⚫ Auto Lease
- ⚫ Auto Loan
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for Mercedes-Benz Financial Services USA LLC:
Address:
- P.O. Box 901 Roanoke, TX 76262
Website:
Phone:
Payments
Daimler Truck Financial offers a variety of payment options including online payments, phone payments, and other methods. Additionally, customers can use a check or money order to make payments with Daimler Truck Financial. Late or missed payments have no penalties according to Daimler Truck Financial Services USA LLC.
| 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
There are three main federal student loan servicers: Navient, FedLoan, and Nelnet. You may be wondering if any of these companies offer loan forgiveness or consolidation. The answer is yes, all three companies offer loan consolidation. As for loan forgiveness, Nelnet does not participate in any federal loan forgiveness programs. However, both Navient and FedLoan do. To qualify for loan forgiveness through Navient, you must consolidate your loans into a Direct Consolidation Loan. From there, you can enroll in the Income-Contingent Repayment Plan or the Income-Based Repayment Plan. If you qualify for the Public Service Loan Forgiveness Program through FedLoan, you may have the remainder of your loan forgiven after you have made 120 qualifying monthly payments while working full-time for a qualifying employer.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
Daimler Truck Financial Services offers loans, leases, insurance, and custom solutions. You can apply for a loan online, in person, or using a mobile app. A cosigner may be necessary.
| 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.
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 MERCEDES BENZ FINANCIA 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.