What does 1STFINBANK mean on my credit report?

Is 1STFINBANK making an impact on your credit score?

Updated January 1, 2023
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What is 1STFINBANK?

1STFINBANK is shorthand for First Financial Bank, with the company name being First Financial Bank LLC

First Financial served the financial needs of its customers just like you since 1890, not only through good times, but also during tough economic periods.

1STFINBANK 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 Financial 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 Financial Bank:

Address:

  • 1010 N. Judge Ely, Abilene, TX 79601
  • 1650 State Highway 351, Abilene, TX 79601
  • 701 Pine Street, Abilene, TX 79601

Website:

Email:

Phone:

Payments

First Financial Bank offers a variety of payment options, including online banking, mobile banking, digital wallet, and prepaid debit card. There are penalties associated with late or missed payments. Wire transfers are also an option for payment.

Question Answer
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 Financial Bank is offering the Eastland Complex Fire Relief Loan Program to assist those who were directly affected by the fires. Loan options include Fast Cash Loans up to $10,000, a Special Home Equity Loan, Home Equity Line of Credit, or Land Loan up to 80% total LTV, and a Farm Equipment Loan up to $100,000. Loan rates, terms, and repayment options vary depending on the loan type. There is no loan forgiveness option available.First Financial Bank offers Home Equity Loans and Home Equity Lines of Credit, both of which can be used for debt consolidation. They offer low closing costs and fast decisions.To qualify for loan forgiveness, individuals must meet certain eligibility requirements, such as demonstrating financial hardship or making a certain number of payments over a specified period of time. Additionally, certain loan types, such as Federal Student Loans, may be forgiven under certain conditions.

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

How to Apply

First Financial Bank offers loans that can be applied for online, over the phone, or in person. A mobile app is available for managing accounts and applying for loans. Cosigners are accepted.

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.

1STFINBANK 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 1STFINBANK 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.