What does MISSION FINANCIAL SVCS mean on my credit report?
Learn about MISSION FINANCIAL SVCS, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is MISSION FINANCIAL SVCS?
MISSION FINANCIAL SVCS is shorthand for Mission Financial, with the company name being Mission Financial Inc
We have more than 85% of our holdings in commercial lending operations nationwide, providing financing services in more than 40 states. Our mission is a preferred lender for most national and regional car dealership chains as well as family-owned, independent and franchised businesses.
MISSION FINANCIAL SVCS 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 Mission Financial.
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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 $18700.
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⚫ The average high credit balance is $16900.
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⚫ The typical loan duration is 30 months.
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for Mission Financial:
Address:
- 34225 N. 27th Drive Building 1 Phoenix, AZ 85085
Website:
Email:
Phone:
Payments
Mission Financial Services offers payment options for their services, which include loans and other financial aid for semi truck owners. These options include making payments online, through a mobile app, via wire transfer, or at one of their many Payment Centers or Loan Offices. There are no penalties for late or missed payments.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| 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? | 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
- Mission Financial Services does not offer loan forgiveness or consolidation.- Qualifying for loan forgiveness varies by lender and type of loan. It’s best to contact your regional loan office for more information.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
Mission Financial Services provides loans for semi trucks and commercial vehicles and specializes in owner operator loans, first time buyer loans, truck repair loans, bad credit loans and semi truck title loans. You can apply for a loan online, using a mobile app, or 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? | 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 MISSION FINANCIAL SVCS 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.