What does 360 MORTGAGE mean on my credit report?
Learn about 360 MORTGAGE, an mortgage provider offering loans for financial assistance. Check the impact to your credit report and financial status.
What is 360 MORTGAGE?
360 MORTGAGE is shorthand for 360 Mortgage Group, with the company name being 360 Mortgage Group LLC
360 MORTGAGE is a Mortgage 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 360 Mortgage Group.
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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
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⚫ The average high credit balance is $281600.
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⚫ The typical loan duration is 360 months.
The account is classified under the following METRO2 categories:
- ⚫ Real estate
How do I contact them?
Here is the current contact details for 360 Mortgage Group:
Address:
- 6500 River Place Blvd, Building 7, Suite 250, Austin, TX 78730
Website:
Email:
Phone:
Payments
360 Mortgage Group offers various payment options including monthly, quarterly, and annual payments. You can make payments over the phone, by mail, or online. There is a 10% discount for automatic payments. There are penalties for late or missed payments. You can make a payment using a prepaid debit card. Wire transfer is not an option.
| 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 |
Forgiveness and Cancellation
Loan forgiveness and consolidation are both available through some lenders. Loan forgiveness may be available depending on individual circumstances. For more information, contact 360 Mortgage Group.
| Question | Answer |
|---|---|
| Do they offer loan consolidation? | Yes |
How to Apply
360 Mortgage Group, Llc is a privately owned mortgage bank located in Austin, Texas. You can apply for a loan online, over the phone, or in person. You can also apply for a loan using a mobile app. The cosigner policy is currently unavailable.
| 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 |
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 Mortgage Provider?
A mortgage provider is a financial institution or mortgage bank that offers and underwrites home loans. Lenders have specific borrowing guidelines to verify your creditworthiness and ability to repay a loan. They set the terms, interest rate, repayment schedule and other key aspects of your mortgage. They have the ability to report on your credit profile which will affect your credit score. They also can run hard and soft inquiries which will impact your credit score if not delt with. Mortgage Providers are not perfect and can still 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 360 MORTGAGE 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.
