What does USAA SB mean on my credit report?
Learn about USAA SB, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is USAA SB?
USAA SB is shorthand for USAA, with the company name being USAA Inc
USAA SB 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 USAA.
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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
How do I contact them?
Here is the current contact details for USAA:
Address:
- 9800 Fredericksburg Rd. San Antonio, TX 78288
Website:
Email:
Phone:
Payments
you can make a payment online, by setting up AutoPay, making a One-Time Payment, or by mailing a check or money order. they do not offer a monthly payment plan. USAA cardholders can request a credit balance refund by phone or by sending a written request to USAA. The refund will be in the form of a check. If a negative balance is maintained for six months, USAA is required to offer a refund. payments cannot be made over the phone. you can make payments online. USAA does not offer a pay-in-full discount. there are no other payment options such as using a check or money order. you can make a payment using a mobile app. USAA does offer a grace period for customers’ payments. USAA gives policyholders until the end of the next billing cycle to pay any outstanding balance if they have not previously been delinquent on payments. If the grace period ends without payment, USAA will cancel the policy and a late fee of $2 to $15 will be added to the next month’s premium. you can make a payment using a prepaid debit card. you can make a payment using a wire transfer.
| 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
USAA does not offer loan forgiveness, but does offer loan consolidation through personal loans and credit cards. To qualify for loan forgiveness, military members, as well as their spouses and dependents, may qualify for federal student loans which offer benefits such as fixed interest rates, no credit check, and no cosigner required. Additionally, need-based students may qualify for subsidized loans.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
You can apply for a loan online with USAA. They offer an online application as well as a mobile app. You cannot apply for a loan over the phone or in person. USAA also does not allow cosigners but they do allow joint applicants.
| 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 USAA SB 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.