What does SADDLEBACK ACCEPTANCE mean on my credit report?
Learn about SADDLEBACK ACCEPTANCE, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is SADDLEBACK ACCEPTANCE?
SADDLEBACK ACCEPTANCE is shorthand for Saddleback Acceptance Corporation, with the company name being Saddleback Acceptance Corporation Inc
SADDLEBACK ACCEPTANCE 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 Saddleback Acceptance Corporation.
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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 Saddleback Acceptance Corporation:
Address:
- 2670 N Main Street Ste 250 Santa Ana, CA 92705
Website:
Email:
Phone:
Payments
Saddleback Acceptance Corporation offers several payment options, including MoneyGram, PayNearMe, and wire transfer. You can also make payments by phone, email, fax, or in person at their office. There are penalties for late or missed payments, including higher monthly payments. You can also get insurance information and payments by contacting them.
| 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
Saddleback Acceptance Corporation does not offer loan forgiveness. Instead, they require physical damage insurance and list themselves as the loss payee. They also require that the policy has a maximum deductible of $500, and that the insurance company is rated in the AM Best Guide. Saddleback Acceptance Corporation does not offer loan consolidation services. Loan forgiveness does not require any specific insurance requirements. However, as part of your installment contract, you may need to maintain physical damage insurance to protect your vehicle and the loan holder must be listed as the loss payee. The insurance policy must be from a company rated in the AM Best Guide and the maximum deductible should be $500. Contact Saddleback Acceptance Corporation for more information.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
To apply for a loan online, contact Saddleback Acceptance Corporation at 1-714-558-2070 or via email info@saddlebackacc.com. You need to make sure that you have physical damage insurance as stated in your installment contract and the insurance company must be rated in the AM Best Guide. You can also contact them via phone, email, or fax for more information.
| 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 SADDLEBACK ACCEPTANCE 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.