What does Centennial Bank (CENTENNIAL BANK) mean on my credit report?

Is CENTENNIAL BANK making an impact credit score?

Updated May 1, 2022

What is CENTENNIAL BANK?

CENTENNIAL BANK is shorthand for Centennial Bank, with the company name being Centennial Bank LLC

In 1999, Centennial Bank received a banking license in Arkansas and opened as first state bank in Conway, Arkansas. Later, Home Bancorp acquired and merged Community Bank, Bank of Mountain View, and Centennial Bank in 2003; then it formed Twin Cities Bank in 2000.

CENTENNIAL BANK 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 Centennial Bank.

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

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

How do I contact them?

Here is the current contact details for Centennial Bank:

Address:

  • 1000 S Rogers St, Clarksville, AR 72830

Website:

Email:

Phone:

  • (888) 372-9788

IdentityIQ Report Example

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

CENTENNIAL 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 CENTENNIAL BANK 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.