What does CES/US BANK mean on my credit report?

Is CES/US BANK making an impact on your credit score?

Updated January 1, 2023
Header image

What is CES/US BANK?

CES/US BANK is shorthand for US Bank National Association, with the company name being US Bank National Association Inc

With support from her colleagues, Chris Taylor realized her vision for the role: find out why we’re a Top Workplace for Career Growth, listed as one of the best workplaces for innovation and quality by Linkedin.

CES/US 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 US Bank National Association.

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

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

About the account

  • ⚫ The average high credit balance is $28100.

  • ⚫ The typical loan duration is 324 months.

The account is classified under the following METRO2 categories:

  • ⚫ Education

How do I contact them?

Here is the current contact details for US Bank National Association:

Address:

  • 800 Nicollet Mall Minneapolis, MN 55402

Website:

Email:

Phone:

Payments

payments can be made through bank accounts, credit cards, personal loans & lines, home loans, vehicle loans, and mobile & online features. they do not offer a monthly payment plan. refunds can be requested by contacting your bank. you can make payments over the phone. you can make payments online. they do not offer a discount for automatic payments. payment may be made using a check or money order. you can make a payment using a mobile app such as the U.S. Bank Mobile App. there are penalties for late or missed payments, including additional interest and fees. you can make a payment using a prepaid debit card. payment can be made using a wire transfer.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? Yes
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
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

There are three main types of student loans in the United States: federal loans, private loans, and parent PLUS loans. Federal loans offer many benefits, including income-driven repayment plans and loan forgiveness programs. Private loans generally have fewer repayment options and no Loan consolidation is the process of combining multiple loans into a single loan. This can be done with federal and private loans, but not with parent PLUS loans. To qualify for federal student loan forgiveness, you must make 120 payments on an eligible repayment plan while working full-time for a qualifying employer.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? Yes

How to Apply

You can apply for a loan in person, by phone, or online. You may also be able to apply for a loan using a mobile app. You may be able to apply for a loan with a cosigner.

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? 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.

CES/US 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 CES/US 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.