What does FIRSTBANK OH mean on my credit report?
Learn about FIRSTBANK OH, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.
What is FIRSTBANK OH?
FIRSTBANK OH is shorthand for First Bank of Ohio, with the company name being First Bank of Ohio Inc
First Bank of Ohio was established in 1873 and was formerly The Tiffin Savings Bank. This bank changed its name to First Bank of Ohio in 1987, which had offices at the time in Tiffin and Bloomville in Seneca County, Ohio. In the Fall of 1999, this bank merged with First Bank of Marietta, which had offices in Marietta, Belpre, and Mount Vernon, Ohio. The result was First Bank of Ohio with the five previous offices resulting.
FIRSTBANK OH is a Bank provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with First Bank of Ohio.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
About the account
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⚫ The average account balance is $18100.
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⚫ The average high credit balance is $22000.
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⚫ The typical loan duration is 60 months.
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⚫ The average monthly repayment is $400.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for First Bank of Ohio:
Address:
- P.O. Box 190 Tiffin, Ohio 44883
Website:
Email:
Phone:
Payments
First Bank of Ohio offers various payment options to their customers, including online payments, monthly payment plans, and the option to pay using a prepaid debit card. There are penalties for late or missed payments, which can include additional fees and interest charges.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| 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
First Bank of Ohio does not offer loan forgiveness, but does offer loan consolidation. To qualify for loan forgiveness, specific eligibility requirements must be met and the necessary paperwork must be completed.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
you can apply for a loan online, over the phone, or in person at First Bank of Ohio. You will need to click the “APPLY TODAY” link on the website. You may also 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? | 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.
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 FIRSTBANK OH 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.