What does ACCPTNOW mean on my credit report?

Is ACCPTNOW making an impact on your credit score?

Updated January 1, 2023
Header image

What is ACCPTNOW?

ACCPTNOW is shorthand for Acceptance Loan Company Inc, with the company name being Acceptance Loan Company Inc.

ACCPTNOW is a Loan Provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Acceptance Loan Company Inc.

  • ⚫ 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 $2700.

  • ⚫ The average high credit balance is $3000.

  • ⚫ The typical loan duration is 22 months.

The account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for Acceptance Loan Company Inc:

Address:

  • 3976 GOVERNMENT BLVD STE A
    MOBILE, AL 36693

Website:

Email:

Phone:

Payments

To make a payment, please contact Acceptance Loan, Inc. at the contact information provided. they offer a monthly payment plan. To get a payment refund, contact Acceptance Loan, Inc. by submitting the form on their website or contacting them via email. Payments can be made over the phone by calling the customer service line and providing the required payment information. Customers can make payments online. Customers can save up to 10% on their monthly bill by enrolling in an automatic payment plan. In addition to other payment options, customers can pay with a check or money order. Payments can be made using a mobile app. there are penalties for late or missed payments. Penalties may include late fees and increased interest rates. 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? Yes
Can I make payments over the phone? Yes
Can I make payments online? Yes
Do they offer a discount for automatic payments? Yes
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

NA. ABC Bank offers loan consolidation services. They provide customers with a single loan to pay off multiple existing debts, with one easy repayment plan. This can help customers lower their monthly payments and simplify their finances. To qualify for loan forgiveness, borrowers must meet certain eligibility criteria, such as having made consistent, on-time payments for a specific period of time and meeting other requirements based on the type of loan. Additionally, borrowers can look into their state’s loan forgiveness programs to see if they are eligible.

Question Answer
Do they offer loan consolidation? Yes

How to Apply

You can apply for a loan in many ways including online, over the phone, or in person. Some companies also offer mobile applications to apply for loans on the go. You may need a cosigner to be accepted for the loan by the lender.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? Yes
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.

ACCPTNOW 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.

What is a Loan Provider?

A loan provider is a bank or financial organization that can provide loans. In order to apply for a loan they will run a hard inquiry on your credit account which will negatively impact your credit report. They may make mistakes in their reporting, so if it says that you have missed a payment and you haven’t then if you take the correct action you will be able to remove the late repayment from your credit profile.

How do I remove ACCPTNOW 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.