What does TIME FINANCING SERVI mean on my credit report?

Learn about TIME FINANCING SERVI, 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 TIME FINANCING SERVI?

TIME FINANCING SERVI is shorthand for Same Day Cash Loans, with the company name being Same Day Cash Loans Inc

For more than 50 years, Time Financing Service has provided personal cash loans to customers across North Carolina. We provide professional service, fast approval and competitive interest rates; in addition to cash loans, we also work with car dealers and furniture distributors for automobile and furniture loan products. We provide our customers three secure and expeditious application forms.

TIME FINANCING SERVI 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 Same Day Cash Loans.

  • ⚫ 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 Same Day Cash Loans:

Address:

  • 1501 W. Arlington Blvd. Suite C Greenville, NC 27834

Website:

Email:

Phone:

Payments

Time Financing Service offers various payment options including online payments, mobile app payments, and payments by phone. There are no penalties for late or missed payments, but prepaid debit cards and wire transfers are not accepted.

Question Answer
Do they offer a monthly payment plan? No
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? No
Can I make a payment using a wire transfer? No

Forgiveness and Cancellation

Navient does not offer loan forgiveness or consolidation. To qualify for loan forgiveness, you must work full-time for a qualifying employer, make 120 qualifying monthly payments, and not be in default on your loan.

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

How to Apply

It is possible to apply for a loan online or by calling your local branch. The maximum annual percentage rate (APR) is up to 35.99%, and the minimum repayment period is 12 months with a maximum repayment period of 60 months. It is not possible to apply for a loan over a phone call, in person, or using a mobile app. It is also not possible to apply for a loan with a cosigner.

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.

TIME FINANCING SERVI 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 TIME FINANCING SERVI 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.