What does PEOPLES FIN mean on my credit report?

Is PEOPLES FIN making an impact credit score?

Updated May 1, 2022

What is PEOPLES FIN?

PEOPLES FIN is shorthand for Peoples Financial Corporation, with the company name being Peoples Financial Corporation LLC

PEOPLES has provided loans for generations of Georgian people since 1926, we specialize in consumer credits that help our clients and their families get through difficult times. If you need an approval for a title loan or are considering one, please contact us first.Our loans are intended to be repaid so that you can move forward with your life.If you are looking to restore your credit, unlike many of our competitors, we report to the credit bureaus.

PEOPLES FIN is a Creditor. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Peoples Financial Corporation.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

The account is classified under the following METRO2 categories:

  • ⚫ Auto Loan
  • ⚫ Auto
  • ⚫ Secured

How do I contact them?

Here is the current contact details for Peoples Financial Corporation:

Address:

  • 9425 MAIN STREET Woodstock, GA 30188

Website:

Phone:

  • (770) 422-2735

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

PEOPLES FIN 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 PEOPLES FIN 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.