What does MIDWESTERN FINANCIAL mean on my credit report?
Learn about MIDWESTERN FINANCIAL, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is MIDWESTERN FINANCIAL?
MIDWESTERN FINANCIAL is shorthand for Midwestern Financial Group, with the company name being Midwestern Financial Group Inc
Midwestern Financial Group (MFG) is a fee-based financial planning company providing investment and financial advice with a fiduciary standard of care. MFG offers objective financial planning tools and techniques to help people achieve measurable outcomes with greater control over their finances. While money has an economic value, what matters isn’t so much its quantity but rather its quality.
MIDWESTERN FINANCIAL 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 Midwestern Financial Group.
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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
- ⚫ Secured
How do I contact them?
Here is the current contact details for Midwestern Financial Group:
Address:
- 103 E College St Suite 210, Iowa City, IA 52240, United States
Website:
Email:
Phone:
Payments
The article covers the topic of payments for the Midwestern Financial Group (MFG). MFG does not offer payment over the phone, but they do offer online payment options. There is no discount for automatic payments. Checks and money orders are accepted. There are no penalties for late or missed payments.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| 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 wire transfer? | No |
Forgiveness and Cancellation
Midwestern Financial Group does not offer loan forgiveness. They offer services such as financial planning, investment management, and wealth management. they do not offer loan consolidation. Loan forgiveness qualifications depend on the type of loan and other individual factors.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
Midwestern Financial Group does not offer loan services online, over the phone, or with a cosigner. They do offer financial planning, management, and consultation services as well as wealth management and future investment guidance for individuals and businesses.
| 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.
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 MIDWESTERN FINANCIAL 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.
