What does VIVA FINANCE mean on my credit report?

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

Updated January 1, 2023
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What is VIVA FINANCE?

VIVA FINANCE is shorthand for VIVA Finance, with the company name being VIVA Finance Inc

VIVA FINANCE 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 VIVA Finance.

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

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

How do I contact them?

Here is the current contact details for VIVA Finance:

Address:

  • 100 Peachtree St NE STE 320, Atlanta, GA 30303, United States

Website:

Email:

Phone:

Payments

VIVA Finance offers unsecured personal installment loans up to $10,000 with minimum APR of 11.99% and maximum APR of 35.99%. Loans are repaid over a period of 5 months to 24 months.

Question Answer
Do they offer a monthly payment plan? Yes
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? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

VIVA Finance offers unsecured personal installment loans up to $10,000 with a minimum APR of 11.99% and a maximum APR of 35.99%. The minimum term or repayment period is 5 months, with a maximum term or repayment period of 24 months. There is no loan forgiveness or consolidation offered.

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

How to Apply

VIVA Finance offers unsecured personal installment loans of up to $10,000, with APRs of 11.99%-35.99% and repayment periods of 5-24 months. Loans can be applied for online, in person, or using the mobile app. A cosigner may be used.

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.

VIVA FINANCE 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 VIVA FINANCE 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.