What does RP FUNDING mean on my credit report?
Learn about RP FUNDING, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is RP FUNDING?
RP FUNDING is shorthand for RP Funding, with the company name being RP Funding Inc
The company was founded by Alun Jones as AIC Limited in March 1968; its American subsidiary, Activision Publishing, Inc., was established on July 28, 1970.
RP FUNDING 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 RP Funding.
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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.
How do I contact them?
Here is the current contact details for RP Funding:
Address:
- 1400 International Pkwy S, Suite 1000 Lake Mary, FL 32746
Website:
Email:
Phone:
Payments
RP Funding offers online payments to clients and customers. Other payment options such as using a check or money order are not being offered. RP Funding offers mobile payment options as well as other loan refinancing programs.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| 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? | No |
| Can I make a payment using a wire transfer? | No |
Forgiveness and Cancellation
RP Funding does not offer loan consolidation or forgiveness. To qualify for loan forgiveness, customers must fill out a form with their personal information and the details of their situation.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
RP Funding offers a variety of loan services that can be applied for online, such as refinance, purchase, cash-out refinance, debt consolidation, reverse mortgage, home renovation refinance, amongst others. They also offer several programs to help you save on closing costs, such as RP Funding’s $1,000 Mortgage Challenge, Accelerated Closing Program, and Validated Pre-Approval.
| 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? | No |
| 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 RP FUNDING 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.