What does mean on my credit report? (2024)

Learn about MISSION LANE/TAB BANK, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.


MISSION LANE/TAB BANK is shorthand for Mission Lane LLC, with the company name being Mission Lane LLC Inc

MISSION LANE/TAB BANK is a Bank provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Mission Lane LLC.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

The account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney
  • ⚫ Credit Card

Here is the current contact details for Mission Lane LLC:


  • PO Box 23075Columbus, GA 31902-3075





It is possible to make payments on www.missionlane.com using a variety of methods including credit cards, bank accounts, PayPal, Apple Pay, and prepaid debit cards. Wire transfers are also supported. Additional payment options may be available depending on the customer’s location. There is a monthly payment plan available, and returns are accepted within 15 days of delivery. There may be penalties for late or missed payments, such as late fees, additional interest, or damage to a borrower’s credit score.

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?No
Can I make a payment using a mobile app?Yes
Can I make a payment using a prepaid debit card?Yes
Can I make a payment using a wire transfer?Yes

Forgiveness and Cancellation

missionlane.com does not offer loan forgiveness or consolidation.

Do they offer loan forgiveness?No
Do they offer loan consolidation?Yes

How to Apply

you can apply for a loan online or through the Missionlane mobile app. It does not appear that you can apply for a loan over the phone or with a cosigner.

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?Yes
Can I apply for a loan using a mobile app?Yes
Can I apply for a loan with a cosigner?Yes

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

What does mean on my credit report? (1)

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 Bank

A bank is an institution where money is kept for saving or commercial purposes. They are able to offer Loans and Mortgages which means they have the ability to report on your credit. Banks are generally felt as untrustworthy (30% confidence rating in the USA) by the general public. Banks can make mistakes on your credit report which may lower your credit score, potentially damaging your credit report and costing you money.

How do I remove MISSION LANE/TAB BANK 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.

  • Sample Equifax Dispute Letter
  • Sample Experian Dispute Letter
  • Sample TransUnion Dispute Letter
What does mean on my credit report? (2024)


What is enough credit history? ›

Most lenders (and scoring models) consider anything less than two years of credit history to be little more than a decent start. When you get into the two- to four-year range, you're just taking the training wheels off. Having at least five years of good credit history puts you in the middle of the pack.

What is a credit score answers? ›

A credit score is a three-digit number, typically between 300 and 850, designed to represent your credit risk, or the likelihood you will pay your bills on time.

What does it mean to not have enough credit? ›

Having insufficient credit history means you don't have enough information for lenders to assess your creditworthiness properly. You might have an insufficient credit history because you're a young person who. has never taken out a loan or used a credit card.

How much credit score is good enough? ›

CIBIL score range
CIBIL Score RangeRating

How much is enough credit? ›

For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most consumers have credit scores that fall between 600 and 750. In 2023, the average FICO® Score in the U.S. reached 715.

How to fix not enough credit history? ›

Here are the best ways to build credit:
  1. Get a Store Card. ...
  2. Apply for a Secured Credit Card at a Bank. ...
  3. Start a Digital Checking Account. ...
  4. Apply for a Credit-Builder Loan. ...
  5. Find a Co-Signer. ...
  6. Become an Authorized User on Another Person's Credit Card. ...
  7. Report Rent and Utility Payments to Credit Bureaus. ...
  8. Consider a Student Credit Card.

How to get 900 credit score? ›

A credit score of 900 is not possible, but older scoring models that are no longer used once went up to 900 or higher. The highest possible credit score you can get now is 850.

How much can I borrow with a 700 credit score? ›

You can borrow from $1,000 to $100,000 or more with a 700 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.

What is a good credit score to buy a house? ›

Some types of mortgages have specific minimum credit score requirements. A conventional loan requires a credit score of at least 620, but it's ideal to have a score of 740 or above, which could allow you to make a lower down payment, get a more attractive interest rate and save on private mortgage insurance.

How do you know if you have enough credit? ›

If you're not sure where your credit score stands, there are plenty of ways to check it. NerdWallet offers a free credit score, as do many other personal finance websites and some credit card issuers. If you have years of on-time payments and use your credit cards fairly lightly, you probably have a decent score.

Can you be poor and have good credit? ›

Despite what many people think, your credit score is completely independent of your income. People with $20,000 salaries can have good credit scores, just like those with $200,000 incomes can have poor credit scores. Credit scores only look at one thing—your credit history.

What is the lowest credit you can have? ›

What is the lowest credit score possible? Generally, credit scores range from 300 to 850, making 300 the lowest possible credit score. But it's important to note that you typically have more than one credit score. And they may differ depending on the credit-scoring company and when they were calculated.

What is a good credit score to buy a car? ›

Your credit score is a major factor in whether you'll be approved for a car loan. Some lenders use specialized credit scores, such as a FICO Auto Score. In general, you'll need at least prime credit, meaning a credit score of 661 or up, to get a loan at a good interest rate.

What habit lowers your credit score? ›

Late or missed payments can cause your credit score to decline. The impact can vary depending on your credit score — the higher your score, the more likely you are to see a steep drop. Late or missed payments can also stay on your credit report for several years, which is why it is extremely important to avoid them.

What's the difference between my FICO score and my credit score? ›

A credit score is a three-digit number that measures your financial health and how well you manage credit and debt. FICO scores are a specific type of score that lenders can use when making borrowing decisions. The FICO credit scoring system is the most widely used credit score.

Is 2 years of credit history good? ›

Anything less than two years is considered a short credit history. Once you have established between two and four years of credit, lenders will better understand how well you manage your credit accounts. A credit age of five years will raise your score as long as you've been managing your accounts well.

What is considered very good credit history? ›

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

What is considered low credit history? ›

A bad credit score is a FICO score below 580, meaning it falls in the poor credit range. Along the same lines, a bad score in the VantageScore model is one below 601, which would belong in the poor or very poor credit ranges.

What is considered limited credit history? ›

What does it mean to have a thin credit file? A thin credit file means you don't have enough credit history for a credit bureau to calculate a credit score. Experian describes a thin credit file as a credit history with fewer than five accounts or accounts that have only been open for a short period of time.

Top Articles
Latest Posts
Article information

Author: Kelle Weber

Last Updated:

Views: 6782

Rating: 4.2 / 5 (73 voted)

Reviews: 80% of readers found this page helpful

Author information

Name: Kelle Weber

Birthday: 2000-08-05

Address: 6796 Juan Square, Markfort, MN 58988

Phone: +8215934114615

Job: Hospitality Director

Hobby: tabletop games, Foreign language learning, Leather crafting, Horseback riding, Swimming, Knapping, Handball

Introduction: My name is Kelle Weber, I am a magnificent, enchanting, fair, joyous, light, determined, joyous person who loves writing and wants to share my knowledge and understanding with you.