What does TOLEDO FINAN mean on my credit report?
Learn about TOLEDO FINAN, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is TOLEDO FINAN?
TOLEDO FINAN is shorthand for Toledo Finance, with the company name being Toledo Finance Inc
Toledo Finance is a family owned business that’s provided installment loans to consumers in Texas since 1967. We are proud to state that most of our knowledgeable and experienced staff members have over five years of experience in the small loan market. With over 70 branch offices, we put a high emphasis on creating relationships in the communities we serve. Our legacy is community service; Mr. Buddin opened Toledo’s first branch on December 1, 1967 in order to be the best in every town we serve.
TOLEDO 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 Toledo 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 account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
- ⚫ Unsecured
How do I contact them?
Here is the current contact details for Toledo Finance:
Address:
- 3105 S. 14th Street Abilene, TX, 79605
Website:
Phone:
Payments
You can make a payment by calling the branch closest to you or by applying online. Toledo Finance offers payment options such as using a check or money order. Payments can also be made through a mobile app. Wire transfers are also an option for making payments.
| 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
Toledo Finance does not offer loan forgiveness or consolidation.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
Toledo Finance offers loans online, over the phone, and in person at one of their 70 locations. Most loan applications can be processed in less than an hour. They also offer loans with cosigners.
| 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.
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 TOLEDO 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.