What Is Avantus LLC?
Avantus LLC was a credit reporting agency that specialized in creating customized mortgage credit reports and providing various verification services for financial institutions, including banks, credit unions, and lenders. Avantus offered a range of services, such as soft credit checks, tenant screening, Verification of Employment (VOE), and tax return verifications.
Recently, Avantus LLC rebranded as Xactus following a merger with other similar companies in the credit reporting industry. Xactus continues to provide the same services under its new name, becoming a significant player in the mortgage and financial services sectors.
Why Avantus LLC Might Appear on Your Credit Report
If you see Avantus LLC or Xactus Avantus on your credit report, it likely indicates that a hard inquiry was made when you applied for a mortgage or another credit product. When you submit an application, Avantus (now Xactus) conducts a credit check, which results in a hard inquiry appearing on your credit report.
The Impact of Avantus LLC Hard Inquiries on Your Credit
A hard inquiry from Avantus LLC can cause a slight decrease in your credit score. Typically, a single hard inquiry might lower your score by just a few points. However, if multiple hard inquiries are made within a short period, the cumulative effect can have a more substantial impact, potentially signaling to lenders that you may be seeking credit aggressively.
How Long Avantus LLC Inquiries Stay on Your Credit Report
The hard inquiry from Avantus LLC or Xactus will remain on your credit report for up to two years, regardless of whether your application was approved. During this period, it will be recorded by the major credit reporting agencies—Equifax, Experian, and TransUnion—and can be viewed by other lenders assessing your creditworthiness.
Addressing Unauthorized Avantus LLC Inquiries
If you notice a hard inquiry from Avantus LLC or Xactus on your credit report that you do not recognize, it’s important to take action. Start by contacting the company to verify the details of the inquiry. If it turns out to be unauthorized, you should file a dispute with the credit bureaus to have it removed from your report.
Avantus LLC Contact Information
Address:
Avantus LLC
70 Jefferson Blvd 4th Floor
Warwick, RI 02888
Phone number: (800) 243-0120
Removing Avantus LLC Inquiries from Your Credit Report
If you find that the Avantus LLC inquiry was made in error or without your consent, consider seeking assistance from a credit repair company. Firms like Credit Saint specialize in disputing and potentially removing unauthorized inquiries and other negative marks from your credit report, including late payments, collections, charge-offs, and more.
Take Action to Improve Your Credit
Managing your credit report and addressing any inaccuracies is essential for maintaining a healthy credit score. If you’re struggling with credit issues and need guidance, consider scheduling a free consultation with a credit repair company like Credit Saint. Their expertise in helping individuals improve their credit can provide you with the support you need to achieve better financial stability.
Visit their website and fill out the form to find out how they can help you improve your credit and secure a better financial future.
Ready to Clean Up Your Credit Report?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
