What does LOANES OF TEXAS-TYLE mean on my credit report?

Learn about LOANES OF TEXAS-TYLE, an provider 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 LOANES OF TEXAS-TYLE?

LOANES OF TEXAS-TYLE is shorthand for Service Loan South & Walters Management, with the company name being Service Loan South & Walters Management Inc

Since 1974, Service Loan Association has helped people from all over America’s communities-Alabama, Georgia, Kentucky, Mississippi, North Carolina, Oklahoma, Arkansas, West Virginia, and Tennessee-with personal loans to meet emergency expenses such as medical bills, lost wages, and car repairs.

LOANES OF TEXAS-TYLE 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 Service Loan South & Walters Management.

  • ⚫ 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 Service Loan South & Walters Management:

Address:

  • 302 W BROAD STREET ALBANY, GA 31701

Website:

Email:

Phone:

Payments

Payments can be made online, by phone, or by mail. The quickest and most convenient way to make a payment is online. To make a payment by phone, contact the payment center and provide your payment information. To make a payment by mail, mail your payment to the designated payment address. Monthly payment plans are available. Payment refunds may be requested by contacting customer service or by accessing the online payment portal. Credit cards, debit cards, or electronic check transfers can be used to make payments over the phone. Online payments can be made using most banks and credit unions. Other payment options, such as using a check or money order, are available. Mobile apps offer built-in payment features and many also offer digital wallet payment options. Penalties, such as late fees, may be incurred for late or missed payments. Prepaid debit cards can be used to make a payment. Wire transfers are a secure payment method that can be used to make a payment.

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

both loan forgiveness and consolidation are available through the website. To qualify for loan forgiveness, you must have made 120 qualifying payments.

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

How to Apply

Most financial institutions require customers to apply for loans in person or online. This is because financial institutions need to verify a customer’s identity and often require additional documents for approval. Many banks and credit unions offer the ability to apply for a loan in person. Additionally, you can also submit an application online or over the phone. Many banks and financial institutions offer a mobile app that customers can use to apply for loans. The application process is usually easy and can be done in a few simple steps. Additionally, many of these apps offer features such as loan calculators to help you decide how much to borrow and what repayment terms are best for you. A cosigner is a person who agrees to be legally responsible for the loan if you are unable to make payments. Many lending institutions require a cosigner if the borrower has a low credit score or is a student.

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.

LOANES OF TEXAS-TYLE 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 LOANES OF TEXAS-TYLE 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.