What does NATIONWIDE ACCEPTANC mean on my credit report?
Learn about NATIONWIDE ACCEPTANC, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is NATIONWIDE ACCEPTANC?
NATIONWIDE ACCEPTANC is shorthand for Nationwide Acceptance LLC, with the company name being Nationwide Acceptance LLC Inc
Nationwide Insurance Company is one of the largest providers of insurance claims in North America and an international company. Its business includes private loans, vehicle retailing financing, collections agencies and bulk purchase contracts for car warranties.
NATIONWIDE ACCEPTANC 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 Nationwide Acceptance 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 $100.
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⚫ The average high credit balance is $200.
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⚫ The average credit limit is $2200.
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⚫ The average monthly repayment is $100.
How do I contact them?
Here is the current contact details for Nationwide Acceptance LLC:
Address:
- 10255 West Higgins Road, Suite 300 Rosemont, IL 60018 (773) 777-7600, ext. 1596
Website:
Email:
Phone:
Payments
To make a payment, customers can use a debit or credit card, an electronic payment method like PayPal, or bank details for a direct transfer of funds. There is also the option of a monthly payment plan. If a customer would like a refund for a payment, they need to contact the merchant from whom they made the purchase. Most companies offer the option to call in and make a payment with a credit card or other payment method. Payments can also be made online using a secure payment gateway. There are other payment options such as using a check or money order. Customers can also use credit cards, debit cards, PayPal, or Apple Pay. It is also possible to make payments using mobile apps. Mobile applications allow customers to pay for goods and services quickly and securely with their mobile device. There can be penalties for late or missed payments. Depending on the payment terms and company policy, late payments could incur additional fees or interest. If payments are not made on time, the company may take legal action against the individual or business to recoup the amount owed. A prepaid debit card is a convenient and secure way to pay for goods and services online or in stores. Wire transfers are a safe and secure way to send money from one bank account to another.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| Can I make payments over the phone? | Yes |
| Can I make payments online? | Yes |
| 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
The website offers loan forgiveness and consolidation. To qualify for loan forgiveness, the user must be employed by a government organization, a 501(c)(3) non-profit organization, or a public service organization. The user must also have made 120 payments on their Direct Loans. For loan consolidation, the user must have a Direct Consolidation Loan. The website does not offer refinancing.
| 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. You may also be able to apply for a loan using a mobile app. You may need a cosigner for some loans.
| 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 NATIONWIDE ACCEPTANC 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.
