What does Austin County State Bank (ACS/BANK OF AMERICA) mean on my credit report?

Is ACS/BANK OF AMERICA making an impact credit score?

Updated May 1, 2022

What is ACS/BANK OF AMERICA?

ACS/BANK OF AMERICA is shorthand for Austin County State Bank, with the company name being Austin County State Bank

A magnificent Oak Tree is strong, stable, safe. Looking under the bark you would find thousands of rings telling stories of challenges, overcomings, joys, survivals and thrivals, each building together to create something larger at ACB Bank we are known by name-and their story

ACS/BANK OF AMERICA 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 Austin County State Bank.

  • ⚫ 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:

  • ⚫ Education

How do I contact them?

Here is the current contact details for Austin County State Bank:

Address:

  • P.O. Box 1466
    Bellville, TX 77418

Website:

Email:

Phone:

  • (979) 865-4200

IdentityIQ Report Example

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

ACS/BANK OF AMERICA 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 ACS/BANK OF AMERICA 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.