What does ACADEMY BK mean on my credit report?

Is ACADEMY BK making an impact credit score?

Updated May 1, 2022

What is ACADEMY BK?

ACADEMY BK is shorthand for BK ACADEMY, with the company name being BK ACADEMY

Of desperate need for her own child, Dr. Meera Shin established BK Play-Academy in 2006 and now functions as Main Teacher at BK-Academy (Bellevue, Westside of Seattle). She held a Washington State Teaching Certificate with an early childhood education endorsement.

ACADEMY BK is a Bank. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with BK ACADEMY.

  • ⚫ 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:

  • ⚫ Secured

How do I contact them?

Here is the current contact details for BK ACADEMY:

Address:

  • 2321 173rd Ave NE

    Redmond WA 98052

Website:

Email:

Phone:

  • 425.449.2060

SmartCredit Report Example

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

ACADEMY BK SmartCredit 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 ACADEMY BK 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.