What does NO WAIT CASH mean on my credit report?
Learn about NO WAIT CASH, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is NO WAIT CASH?
NO WAIT CASH is shorthand for No Wait Cash, with the company name being No Wait Cash Inc
Installment loans of up to 1st April 2005 and interest rates as high as 36%.
NO WAIT CASH 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 No Wait Cash.
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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 $400.
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⚫ The typical loan duration is 8 months.
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⚫ The average monthly repayment is $100.
How do I contact them?
Here is the current contact details for No Wait Cash:
Address:
- 5220 Aldine Mail Rte Rd, Houston, TX 77039, United States
Website:
Email:
Phone:
Payments
No Wait Loans offers installment loans that can be paid using a credit card, check, money order, or wire transfer. There is a mobile app available for payments. If a payment is late or missed, there is a penalty that may include extra charges or interest.
| 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
No Wait Loans does not offer loan forgiveness or consolidation. However, their installment loans in Houston, TX can help build and establish credit.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
No Wait Loans offers installment loans which can be applied for online, over the phone, or in person. A cosigner can be used when applying for an installment loan. These loans range from $50.00 to $1,420.00 and require no bank account. They can help to build good credit, fast and can be used to establish or rebuild a damaged credit history.
| 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 NO WAIT CASH 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.
