What does 1ST TX AUTO mean on my credit report?

Is 1ST TX AUTO making an impact on your credit score?

Updated January 1, 2023
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What is 1ST TX AUTO?

1ST TX AUTO is shorthand for First Texas Auto Credit, with the company name being First Texas Auto Credit LLC

1ST TX AUTO is a Auto Loans provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with First Texas Auto Credit.

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

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

About the account

  • ⚫ The average high credit balance is $14000.

  • ⚫ The typical loan duration is 28 months.

The account is classified under the following METRO2 categories:

  • ⚫ Auto Loan

How do I contact them?

Here is the current contact details for First Texas Auto Credit:

Address:

  • 635 Fritz Dr #210, Coppell, TX 75019, United States

Website:

Phone:

Payments

First Texas Auto Credit offers multiple payment options, including a monthly payment plan. Customers have the option of paying online, with a mobile app, by phone, by mail, or in person. They report on-time payments to Equifax and TransUnion, which can help improve credit scores. Other resources are also available to help with credit score improvement, vehicle history reports, and more.

Question Answer
Do they offer a monthly payment plan? Yes
Can I make payments over the phone? Yes
Can I make payments online? Yes
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

How to Apply

It is possible to apply for a loan with First Texas Auto Credit in a variety of ways, including online, over the phone, and in person. Additionally, they offer a mobile app and report to Equifax and Transunion, which gives customers the opportunity to build or improve their credit score.

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

IdentityIQ Report Example

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

1ST TX AUTO IdentityIQ Report

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.

How do I remove 1ST TX AUTO 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.