What does SHEFFIELD FINANCIAL CO mean on my credit report?

Learn about SHEFFIELD FINANCIAL CO, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
Header image


SHEFFIELD FINANCIAL CO is shorthand for Sheffield Financial, with the company name being Sheffield Financial Inc

Today, we continue our outdoor activities by continually expanding our equipment loan for play, leisure and work. As just one example of this commitment to service, we never use voicemail during ordinary business hours. We benefit from this partnership to offer you compelling support for your financing. Sheffield Financial is a division of Truist Bank, member of the FDIC.

SHEFFIELD FINANCIAL CO is a Creditor provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Sheffield Financial.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

  • ⚫ The average account balance is $1100.

  • ⚫ The average high credit balance is $8400.

  • ⚫ The average credit limit is $2200.

The account is classified under the following METRO2 categories:

  • ⚫ Secured
  • ⚫ Recreational Merchandise
  • ⚫ Credit Card
  • ⚫ Secured Credit Card

How do I contact them?

Here is the current contact details for Sheffield Financial:


  • PO Box 580229 Charlotte, NC 28258-0229





Sheffield Financial offers a Consumer Internet service which can be used to make payments from the comfort of your home or office with no cost. To access Consumer Internet, you must first apply and provide necessary information such as your First Name, Middle Initial, Last Name, Social Security Number, Date Of Birth, Home Telephone, Zip Code, Account Number, Email address, User ID and Password. If you forget your password, you can get help on the Sheffield Financial home page by clicking “Customer” then “Login”. Once you have applied for Consumer Internet access, the automated system will review your application to ensure your identity has been validated during the application process and to ensure your accounts are properly linked to your Consumer Internet profile.

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? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

Sheffield Financial does not offer loan forgiveness. However, they do offer loan consolidation and a convenient way to conduct loan inquiries or payments called Consumer Internet. There is no fee for this service. To sign up for Consumer Internet, you must apply online with your personal information including your social security number. If you forget your password, you can click on “Login” from the Sheffield Financial homepage.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? Yes

How to Apply

Sheffield Financial offers its customers free Consumer Internet access to inquire about or make payments for their loan. You can sign up for the service by completing an online application with your personal information and creating a user ID and password. If you forget your password, you can reset it from the Sheffield Financial home page. You will need to sign up for Sheffield Financial’s Consumer Internet system and provide required information for identity validation. There is no cost for this service. If you forget your password, you can reset it from the Sheffield Financial home page.

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 SHEFFIELD FINANCIAL CO 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.