What does FST CIT BK mean on my credit report?
Learn about FST CIT BK, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.
What is FST CIT BK?
FST CIT BK is shorthand for First Citizens Bank, with the company name being First Citizens Bank Inc
As part of this process, the original building was demolished and replaced by new buildings designed by Gordon Bunshaft.
FST CIT 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 First Citizens 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 account balance is $1200.
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⚫ The average high credit balance is $1600.
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⚫ The typical loan duration is 2 months.
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⚫ The average credit limit is $1500.
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⚫ The average monthly repayment is $100.
The account is classified under the following METRO2 categories:
- ⚫ Secured
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for First Citizens Bank:
Address:
- 7950 College Boulevard Overland Park, Kansas 66210
Website:
Email:
Phone:
Payments
You can make payments through Digital Banking and use Bill Pay to pay bills electronically or by check. You can also transfer money from your First Citizens accounts. There are no penalties for late or missed payments. Wire transfers are available in Digital Banking, Mobile Banking, Payments and Transfers, and Manage My Money.
| 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? | Yes |
| Can I make a payment using a wire transfer? | Yes |
Forgiveness and Cancellation
There are three main types of federal student loans: Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans. Direct Subsidized Loans are available to undergraduate students with demonstrated financial need. Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. Direct PLUS Loans are available to graduate students and parents of dependent undergraduate students. All federal student loans offer benefits that private loans don’t, including income-driven repayment plans, loan forgiveness programs, and the option to defer payments if you return to school or can’t find a job. Loan consolidation allows you to combine multiple federal student loans into a single loan. Loan forgiveness for federal student loans is available if you work in certain public service jobs. To qualify for loan forgiveness, you must make 120 qualifying monthly payments while employed full-time in a qualifying public service job.
| 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. You can also apply for a loan using a mobile app. If you need a cosigner, you can add one when you apply.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | No |
| 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? | No |
| Can I apply for a loan with a cosigner? | No |
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 FST CIT 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.