What is FLAGSHIP CRE?
FLAGSHIP CRE refers to Flagship Credit Acceptance, a subprime auto finance company that provides auto loans to customers with less-than-perfect credit. They work with various car dealerships to offer financing options for car buyers who may not qualify for traditional auto loans.
Why is FLAGSHIP CRE on your credit report?
If you see FLAGSHIP CRE on your credit report, it could be due to a hard inquiry resulting from an auto loan application you submitted at a car dealership. Regardless of whether your loan application was approved or denied, a hard inquiry will be recorded on your credit report.
Understanding Hard Inquiries and Their Impact on Your Credit
When you apply for new credit, such as an auto loan, mortgage, or credit card, lenders and creditors typically perform a credit check known as a hard inquiry. Hard credit inquiries can cause a slight drop in your credit score, but having multiple hard inquiries within a short period can do more significant damage to your credit score.
On the other hand, a soft inquiry occurs when a company checks your credit for background checks or prequalification purposes. Soft inquiries do not affect your credit scores and are not visible to other lenders.
How long do hard inquiries stay on your credit report?
A hard inquiry from Flagship Credit Acceptance, like any other hard inquiry, will remain on your credit report for up to two years. These inquiries can be reported by any or all three of the major credit reporting agencies: Equifax, Experian, and TransUnion. During this time, potential lenders can view the hard inquiries as a record of your credit-seeking activity.
Dealing with Unauthorized Inquiries
If you find an inquiry from FLAGSHIP CRE on your credit report that you don’t recognize or believe is unauthorized, you should contact Flagship Credit Acceptance to inquire about the reason for the inquiry. Their contact information is:
Flagship Credit Acceptance
P.O. Box 965
Chadds Ford, PA 19317
Removing FLAGSHIP CRE from Your Credit Report with Professional Help
If you’re struggling with unauthorized inquiries or other negative marks on your credit report, Credit Saint can help. They assist clients in disputing and potentially removing negative items from credit reports, including late payments, collections, charge-offs, foreclosures, repossessions, and bankruptcies.
Get Started with a Free Consultation
To explore your options and learn more about improving your credit situation, consider scheduling a free credit consultation with Credit Saint. Their team of experts can provide personalized advice and guide you through the credit repair process.
Visit their website, fill out the form, and take the first step towards a better credit score.
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