What does PRIZM FINANC mean on my credit report?
Learn about PRIZM FINANC, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is PRIZM FINANC?
PRIZM FINANC is shorthand for Prizm Financial, with the company name being Prizm Financial Inc
Since then, it grew to be a leading provider of financial services to retail investors, offering them personalized customer care and price competition through its network of over 7,000 branches nationwide. It is a subsidiary of Naver Corporation.
PRIZM FINANC 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 Prizm 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
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for Prizm Financial:
Address:
- 3700B Park 42 Drive, Suite 150B Cincinnati, OH 45241
Website:
Email:
Phone:
Payments
Prizm Financial offers a 24 hour online payment center and extended business hours to help customer make payments. They offer the convenience to pay online, over the phone, or through their mobile app. Prizm Financial also accept payments in the form of check or money order. Customers may incur penalties for late or missed payments.
| 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
Prizm Financial does not offer loan forgiveness or consolidation. Student loan forgiveness is available for certain federal loan borrowers who meet certain criteria.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
Prizm Financial offers 24 hour online payment centers and provides access to loans for their customers. They also have a mobile app and allow customers to apply for a loan 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 PRIZM FINANC 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.