What does 1ST INTERNET mean on my credit report?

Learn about 1ST INTERNET, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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1ST INTERNET is shorthand for First Internet Bank, with the company name being First Internet Bank LLC

“Conventionnelle”, standard que nous voulons penser qu’on est un peu différent depuis 1999 et dont la banque fait donc ce qui ne s’est jamais déjà pas passée.

1ST INTERNET 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 First Internet Bank.

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

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

How do I contact them?

Here is the current contact details for First Internet Bank:


  • 11201 USA Parkway, Fishers, IN 46037





To make a payment, you can either authorize First Internet Bank of Indiana to debit your account at another financial institution and credit your First Internet Bank of Indiana loan, or pay using a check or money order. You can also make payments over the phone, online, or using a mobile app. There are penalties for late or missed payments. You can make a payment using a prepaid debit card, but you are responsible for any charges made by anyone else you allow to use the card. You can also make a payment using a wire transfer.

Question Answer
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

First Internet Bank offers loan consolidation with their home equity, personal, and student loan options. PPP loans may qualify for forgiveness if used for eligible costs such as payroll, rent, covered mortgage interest, utilities, etc. To qualify for loan forgiveness, first- and second-time PPP borrowers may receive a loan amount of up to 2.5x their average monthly payroll costs (with a cap of $100,000 annualized per employee) in 2019, 2020 or the year prior to the loan. Loans are capped at $10 million for first-time borrowers and $2 million for second-time PPP borrowers. To be eligible for full loan forgiveness, PPP borrowers must spend no less than 60% of funds on payroll over a covered period of their choice.

Question Answer
Do they offer loan forgiveness? Yes
Do they offer loan consolidation? Yes

How to Apply

you can apply for a personal loan online with First Internet Bank of Indiana. Rates start from 10.99% APR and terms up to 60 months are available. Applications are subject to credit approval. For more information, contact loanapps@firstib.com or 1-888-873-3424. You can also apply for a loan over the phone by calling 1-888-873-3424 or in person at a First Internet Bank branch. You can apply for a loan with a cosigner in partnership with Sallie Mae®.

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 with a cosigner? Yes

IdentityIQ Report Example

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

1ST INTERNET 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.

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 1ST INTERNET 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.