What does TEBO FINANCL mean on my credit report?

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

Updated January 1, 2023

What is TEBO FINANCL?

TEBO FINANCL is shorthand for TEBO Financial Services, with the company name being TEBO Financial Services Inc

TEBO FINANCL 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 TEBO Financial Services.
⚫ You opened a credit card / loan / mortgage with this company.
⚫ Someone fraudulently opened a credit line under your name.

About the account

The account is classified under the following METRO2 categories:

⚫ Auto
⚫ Auto Loan

How do I contact them?

Here is the current contact details for TEBO Financial Services:

Address:

4740 Belpar St NW a, Canton, OH 44718, United States

Website:

tebofinancial.com

Phone:

234-207-2500

Payments

Tebo Financial Services offers multiple methods of payment, including online payments, wire transfer, and prepaid debit cards. There are penalties for late or missed payments, which vary depending on the loan’s terms and conditions.

Question	Answer
Do they offer a monthly payment plan?	Yes
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

SoFi does not offer loan forgiveness or consolidation.

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

How to Apply

Tebo Financial Services offers consumer loans from $1,000 to $15,000 with terms from 12 to 60 months and payment plans to fit your budget. Applying can be done online, in person, or through their mobile app. If you’re an Ohio resident, you may be eligible to apply 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?	Yes
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.

TEBO FINANCL 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 TEBO FINANCL 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.