What does FRONTIER BK mean on my credit report?
Learn about FRONTIER BK, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.
What is FRONTIER BK?
FRONTIER BK is shorthand for Frontier Bank, with the company name being Frontier Bank Inc
Frontline Bank is a locally owned and operated bank that treats its customers like family. Since it started nearly 90 years ago, we have learned a lot about serving your needs. Let us use our experience to serve you!
FRONTIER BK 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 Frontier Bank.
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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 $30300.
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⚫ The typical loan duration is 48 months.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for Frontier Bank:
Address:
- 301 1st Ave Rock Rapids, IA 51246
Website:
Email:
Phone:
Payments
Frontier Bank offers a variety of online banking services such as Online Banking, Bill Pay, Cash Management, Merchant Source Capture, Mobile Banking and Mobile Deposits. There are no minimum balance requirements and no monthly service charges. Certain accounts may offer automatic refunds on ATM fees, up to $20 each month, and may also offer cash back or interest on balances.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| 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? | No |
| Can I make a payment using a wire transfer? | No |
Forgiveness and Cancellation
There are three main types of student loan forgiveness programs: those offered by the government, those offered by private companies, and those offered by nonprofit organizations. Each type has different requirements, but the general idea is that you make a certain number of payments over a certain period of time and then the remainder of your loan is forgiven.The government offers loan forgiveness programs for certain public service jobs, such as teaching or working in the medical field. Private companies and nonprofits may also offer loan forgiveness programs, but they are not required to do so.To qualify for student loan forgiveness, you must first make sure that you are enrolled in an eligible repayment plan. You then need to make sure that you are making your payments on time. After you have made a certain number of payments, you can then apply for loan forgiveness.The amount of money that you will have to repay will depend on the type of forgiveness program that you are enrolled in. For example, the government’s Public Service Loan Forgiveness program forgives the remaining balance on your loan after you have made 120 qualifying monthly payments.You can consolidate your loans to make repayment easier, but this will not make you eligible for forgiveness. Loan consolidation can lower your monthly payments and make it easier to keep track of your loans, but you will still be responsible for repaying the full amount of your loan.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
All loan applications must be completed online. You will need to provide your personal information, employment history, and banking details. A cosigner may be required for some loans.
| 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 FRONTIER BK 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.
