What does S FIN TX0047 mean on my credit report?
Learn about S FIN TX0047, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is S FIN TX0047?
S FIN TX0047 is shorthand for Southern Finance, with the company name being Southern Finance Inc
Heights Finance is the Financial Services Company that stands behind a strong family of brands, just apply online or at one of our more than 400 branches nationwide. We always do what we do with respect for our customers and with gratitude for their business. Almost every person hits a financial challenge at some point. We understand this.
S FIN TX0047 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 Southern Finance.
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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 average high credit balance is $900.
How do I contact them?
Here is the current contact details for Southern Finance:
Address:
- 946 Orleans Rd, Unit F-6 Charleston, SC 29407
Website:
Email:
Phone:
Payments
You can make payments in a variety of ways including online, over the phone, through a mobile app, and with a prepaid debit card. Wire transfers are also an option. If you choose to pay with a check or money order, you can do so by mail. There are consequences for late or missed payments, which may include additional fees.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| 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
they do not offer loan forgiveness or consolidation. To qualify for loan forgiveness, you must meet the additional terms, limitations, and conditions set by your lender, and fully understand the coverage details, terms, conditions, limitations, and exclusions stated in your policy. You should also contact the credit bureau and dispute any items on your credit report. Lastly, you can make payments through the payment center or pay off your account.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
you can apply for a loan online, in person, and using a mobile app. You may need to provide collateral, and there are additional services available. You can find a branch near you to apply for a loan in person.
| 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 |
SmartCredit Report Example
- This is an example of what this creditor will look like on your 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 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 S FIN TX0047 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.