What is MABT CONTFIN?
MABT/CONTFIN is a credit report code that stands for Mid America Bank & Trust/Continental Finance.
MABT CONTFIN may be on your credit report as a hard inquiry. This usually happens when you apply for financing or a credit card.
The Impact of Hard Inquiries on Your Credit Score
When you apply for financing or a credit card, the lender will typically perform a hard inquiry on your credit report. This hard inquiry is noted on your report and can temporarily lower your credit score by a few points.
While a single hard inquiry won’t have a significant impact on your credit score, accumulating multiple hard inquiries within a short period can lead to a more substantial drop in your score.
How long do hard inquiries stay on your credit report?
Hard inquiries remain on your credit report for up to two years. They are recorded by the three major credit reporting agencies: Equifax, Experian, and TransUnion. After two years, the hard inquiry will no longer impact your credit score and will be removed from your credit report.
Can MABT CONTFIN be removed from my credit report?
If you believe that a MABT CONTFIN inquiry on your credit report is inaccurate or unauthorized, you are entitled to dispute it. Credit repair companies like Credit Saint specialize in helping clients remove inquiries and other inaccurate negative marks from their credit reports.
In addition to assisting with the removal of hard inquiries, they can help you dispute and potentially remove the following items from your credit report:
- late payments
- charge offs
Take Control of Your Credit
If you’re struggling with bad credit or are concerned about the impact of hard inquiries on your credit report, consider a free credit consultation with Credit Saint. They have helped many people in similar situations improve their credit scores and regain control of their financial lives.
Visit their website and fill out the consultation request form to see how they can help you take the first step toward better credit.
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Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
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