What does 1ST UNITD BK mean on my credit report?
Learn about 1ST UNITD BK, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.
What is 1ST UNITD BK?
1ST UNITD BK is shorthand for First United Bank, with the company name being First United Bank Inc
Welcome to First United Bank, where we have served the financial needs of our community for over 80 years! At 1st United Bank-in both Faribault and Owatonna-you will find a complete bank office that offers an array of convenient services.
1ST UNITD BK is a Bank provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with First United Bank.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
How do I contact them?
Here is the current contact details for First United Bank:
Address:
- 1400 West Main Street Durant, OK 74701
Website:
Email:
Phone:
Payments
To make a payment, you can use Online Banking (eBank or eBusiness) or the Mobile Banking app with Touch ID. You can pay bills, transfer funds between accounts, or deposit checks using your phone’s built-in camera. You must be a 1st United Bank customer to use these services. 1st United Credit Union offers the ability to make payments online or via an external account, bill pay from another financial institution, or payment coupons. Additionally, scheduling a recurring payment is an easy way to save time. Other payment options such as using a check or money order are available. Payment coupons can be requested by contacting the credit union or selecting Messages within your account. The app is available for download on the App Store or Google Play and provides secure and private transactions with just a few clicks. Authentication options include PIN, fingerprint, voice, or face recognition. Missed or late payments can result in penalties, depending on the institution. Generally, missed payments can lead to late fees, additional interest, and damage to your credit score. Additionally, some lenders may pursue collection activities or legal action if the payment is not made. You can make a payment using a prepaid debit card. It is PIN protected and features EMV microchips that store and protect cardholder data. You can access your checking account almost anywhere with a Visa® Debit Card. You can also use it to make purchases worldwide and withdraw cash from ATMs and merchants’ point-of-sale terminals. You can add your debit card to your mobile wallet, such as Google Pay or Apple Pay, and also sign up for Visa Purchase Alerts to receive notifications about credit transactions. You can make a payment using a wire transfer. This is a secure and simple service that allows for money to be transferred quickly and securely.
| 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 |
Forgiveness and Cancellation
First United Bank offers loan forgiveness through their online portal which requires a Lender Loan # and Company TIN or Primary Applicant SSN.The 7 best debt consolidation companies according to Top Consumer Reviews are: National Debt Relief, Credit.org, Upstart, Reach Financial, LendingTree, SoFi, and SuperMoney.To qualify for loan forgiveness, applicants must access their lender’s online portal and submit forms to the federal government. They will need their lender’s loan number, as well as their company tax identification number or primary applicant’s social security number.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | Yes |
| Do they offer loan consolidation? | Yes |
How to Apply
You can apply for a loan online with Discover Personal Loans. APR ranges from 6.99% to 24.99%, with loan amounts ranging from $2,500 to $35,000 and terms ranging from 36 months to 84 months. There are no fees as long as you pay on time, and the funds can be sent directly to your creditors or to your bank account.
| Question | Answer |
|---|---|
| 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.
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 UNITD BK 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.
