What does SELENE FINAN mean on my credit report?
Learn about SELENE FINAN, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is SELENE FINAN?
SELENE FINAN is shorthand for Selene Finance LP, with the company name being Selene Finance LP Inc
The lending library has around 2,000 books and periodicals dating from 15th century to the present day.
SELENE FINAN 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 Selene Finance LP.
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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
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⚫ The average account balance is $42300.
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⚫ The average high credit balance is $263500.
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⚫ The typical loan duration is 240 months.
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⚫ The average monthly repayment is $400.
The account is classified under the following METRO2 categories:
- ⚫ Real estate
How do I contact them?
Here is the current contact details for Selene Finance LP:
Address:
- 9990 Richmond Avenue, Suite 400 South, Houston, TX, 77042
Website:
Email:
Phone:
Payments
Selene Finance LP offers a variety of payment options, including online payments, phone payments, checks, and money orders. There are penalties for late or missed payments, but relief may be available for those experiencing financial hardship due to COVID-19.
| 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? | No |
| Can I make a payment using a wire transfer? | Yes |
Forgiveness and Cancellation
Selene Finance LP does not offer loan forgiveness or consolidation. They do provide COVID-19 relief due to financial hardship, such as reduced mortgage payments or no mortgage payments temporarily, while a borrower regains financial footing. Selene Finance LP also offers a forbearance plan which allows borrowers to make reduced or no mortgage payments for a limited period of time while they regain their financial footing.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online, over the phone, or using a mobile app. Selene Finance LP offers customer assistance via telephone, email, fax, and written notification, and they have representatives who speak Spanish. They can provide COVID-19 relief due to financial hardship, and have a forbearance plan to help borrowers experiencing a temporary hardship. You cannot apply for a loan in person or 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? | No |
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 SELENE FINAN 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.