What does AGFIRST BANK mean on my credit report?

Is AGFIRST BANK making an impact on your credit score?

Updated January 1, 2023

What is AGFIRST BANK?

AGFIRST BANK is shorthand for AgFirst Farm Credit Bank, with the company name being AgFirst Farm Credit Bank

AGFIRST 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 AgFirst Farm Credit Bank.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

  • ⚫ The average account balance is $86700.

  • ⚫ The average high credit balance is $161400.

  • ⚫ The typical loan duration is 210 months.

  • ⚫ The average monthly repayment is $600.

The account is classified under the following METRO2 categories:

  • ⚫ Real estate

How do I contact them?

Here is the current contact details for AgFirst Farm Credit Bank:

Address:

  • AgFirst Farm Credit Bank
    P.O. Box 1499
    Columbia, SC 29202

Website:

Email:

Phone:

Payments

AgFirst Farm Credit Bank offers a variety of products and services to make payments easy and convenient for their customers. These include online banking and cash management, loan origination and loan servicing, wire transfer payments, and the option to make payments using a prepaid debit card. It is unclear if late or missed payments incur any penalties.

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

AgFirst Farm Credit Bank offers loans for rural home buyers, farmers, and agribusinesses. Loan applicants can opt to have a cosigner for the loan. AgFirst offers a loan origination system as part of their suite of products and services, which includes online banking and cash management. Customers can apply for a loan through their Association lenders.

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.

AGFIRST 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 AGFIRST 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.