What does APPLIED BNK mean on my credit report?
Learn about APPLIED BNK, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.
What is APPLIED BNK?
APPLIED BNK is shorthand for Applied Bank
, with the company name being Applied Bank
State-chartered banks are uniquely situated to provide customers with Asset Protection services as provided by the Delaware code. Branch any where in the US open up a new applied bank personal account now
APPLIED BNK 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 Applied 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:
- ⚫ Credit Card
- ⚫ Collection Agency/Attorney
- ⚫ Business Credit Card
How do I contact them?
Here is the current contact details for Applied Bank:
Address:
- 2200 Concord Pike, Suite 102 Wilmington, DE 19803
Website:
Email:
- [no email found](mailto://no email found)
Phone:
Payments
Applied Bank offers a variety of payment options, including online payments, Autopay, Applied Advantage, and prepaid debit cards. There are no penalties for late or missed payments. Wire transfers are also an accepted form of payment.
Question | Answer |
---|---|
Do they offer a monthly payment plan? | No |
Can I make payments over the phone? | No |
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
Applied Bank does not offer loan forgiveness or consolidation. There is no information given about how to qualify for loan forgiveness.
Question | Answer |
---|---|
Do they offer loan forgiveness? | No |
Do they offer loan consolidation? | No |
How to Apply
Applied Bank offers online account services and customers can enroll and sign in to manage their account and apply for a loan. You can also apply for a loan with a cosigner using these services. Security is provided with Secure Sockets Layer (SSL) technology.
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? | No |
Can I apply for a loan using a mobile app? | No |
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.
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 APPLIED BNK 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.