What does ACAD BANK mean on my credit report?

Is ACAD BANK making an impact on your credit score?

Updated January 1, 2023
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What is ACAD BANK?

ACAD BANK is shorthand for Academy Bank NA, with the company name being Academy Bank, N.A

Have the flexibility to purchase your payments over time

ACAD 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 Academy Bank NA.

  • ⚫ 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:

  • ⚫ Unsecured

How do I contact them?

Here is the current contact details for Academy Bank NA:

Address:

  • 12900 W Thunderbird
    El Mirage, AZ 85335

Website:

Email:

Phone:

Payments

To make a payment, you can deposit funds through a deposit only mailbox or digital banking. Academy Bank offers a variety of payment plans, and it is unclear whether they offer a specific monthly payment plan. To get a payment refund from Academy Bank, you can contact the bank directly or send a general mail to PO Box 26458, Kansas City, MO 64196. Additionally, more information regarding refunds can be found in the Academy Bank Help Center. Academy Bank accepts Telecommunications Relay Services calls during regular operating hours, including TTY Relay Service (711 calls) and Video Relay Service. Academy Bank accepts payments online through digital banking. Academy Bank offers a discount on their Select Rewards Checking Account when payments are made automatically. Academy Bank accepts payment by check, money order, and various digital banking options. you can make a payment using the Academy Bank mobile app. Academy Bank charges late fees and other penalties for missed payments. you can make payments using a prepaid debit card at Academy Bank. you can make a payment using a wire transfer. Bank routing number is 107001481 and deposit only mailbox PO Box is 26744 Kansas City, MO 64196.

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

How to Apply

You can apply for a loan online, over the phone, or in person at Academy Bank. You can also apply for a loan using the mobile app. If you need a cosigner, Academy Bank can help with that too.

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.

ACAD BANK 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 ACAD 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.