What does FNB AMERICA mean on my credit report?
Learn about FNB AMERICA, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.
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What is FNB AMERICA?
FNB AMERICA is shorthand for First National Bank of America
, with the company name being First National Bank of America Inc
American Express Company, Inc., doing business as Amex, is an international bank based in New York City. It serves corporate clients worldwide through its retail network, including branches in Manhattan, Washington, D.C.; San Francisco, Los Angeles; London, Paris, Madrid, Rome, Athens, Hong Kong; Abu Dhabi, Dubai, Saudi Arabia; and Tehran, Iran.
FNB AMERICA 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 First National Bank of America.
-
⚫ 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 First National Bank of America:
Address:
- PO Box 980 East Lansing, MI 48826
Website:
Email:
Phone:
Payments
There are many ways to make a payment, including online, over the phone, and using a mobile app. You can also use a check, money order, prepaid debit card, or wire transfer. There are no penalties for late or missed payments.
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 loan forgiveness: cancellation, discharge, and repayment plans. Some loan forgiveness programs are available to everyone, while others are only available to certain groups of people, such as teachers or public servants. You may be able to have your loans forgiven if you work in a public service job, if you are a teacher, or if you are disabled. You can also have your loans discharged if you go back to school, if you are a victim of certain types of fraud, or if your school closes while you are enrolled. You can consolidate your loans to make them easier to repay, but this will not always result in loan forgiveness. You can also switch to an income-driven repayment plan, which could lower your monthly payments and eventually lead to loan forgiveness.
Question | Answer |
---|---|
Do they offer loan forgiveness? | No |
Do they offer loan consolidation? | No |
How to Apply
you can apply for a loan online through First National’s website or by calling their customer service team. You can also apply for a loan using a mobile app. If you would like to include a cosigner on your loan, you may do so.
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.
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 FNB AMERICA 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.