What does FNB PAWNEE mean on my credit report?
Learn about FNB PAWNEE, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.
What is FNB PAWNEE?
FNB PAWNEE is shorthand for First National Bank of Raymond, with the company name being First National Bank of Raymond Inc
FNB PAWNEE 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 National Bank of Raymond.
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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 high credit balance is $1900.
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⚫ The typical loan duration is 12 months.
The account is classified under the following METRO2 categories:
- ⚫ Secured
How do I contact them?
Here is the current contact details for First National Bank of Raymond:
Address:
- 700 Carroll St, Pawnee, IL 62558, United States
Website:
Email:
Phone:
Payments
First National Bank offers various payment options, including online banking, mobile banking, ATM, and online bill pay. There is no monthly payment plan offered, but there is no penalty for late or missed payments. Customers can pay with a check or money order, and debit cards are accepted for making payments through online banking, ATM, and other 24/7 services. Wire transfers can also be used to make 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 loans in the United States: federal student loans, private student loans, and Parent PLUS Loans. Federal student loans are the most common type of student loan. Private student loans are offered by banks, credit unions, and other financial institutions. Parent PLUS Loans are federal student loans that are taken out by parents to help pay for their child’s education. Loan forgiveness is available for federal student loans, but not for private student loans or Parent PLUS Loans. Loan consolidation is available for all types of student loans. To qualify for loan forgiveness, you must make payments for a certain period of time and meet other requirements. To consolidate your loans, you must contact a loan consolidation company. You can find more information about student loans and consolidation at the US Department of Education website.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online, over the phone, or in person. Applying for a loan online is the most efficient way to do it. You can also use a mobile app to apply for a loan. Applying for a loan with a cosigner is also possible.
| 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 PAWNEE 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.