What does HOMETOWN BANK NA mean on my credit report?
Learn about HOMETOWN BANK NA, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.
What is HOMETOWN BANK NA?
HOMETOWN BANK NA is shorthand for HomeTown Bank of Galveston- Main Bank, with the company name being HomeTown Bank of Galveston- Main Bank Inc
HOMETOWN BANK NA 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 HomeTown Bank of Galveston- Main 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.
How do I contact them?
Here is the current contact details for HomeTown Bank of Galveston- Main Bank:
Address:
- 1801 45th St, Galveston, TX 77550, United States
Website:
Email:
Phone:
Payments
HomeTown Bank offers online banking, mobile banking, online bill pay, and eStatements for customers to make payments online. There are no penalties for late or missed payments as specified in HomeTown Bank’s Terms and Conditions. Wire transfers are available with associated fees.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| Can I make payments online? | Yes |
| 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
they do not offer loan forgiveness or consolidation.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
HomeTown Bank offers loan services for several types of needs online. You cannot apply for a loan over a phone call, but you can apply for a loan in person or using a mobile app. HomeTown Bank is restricted to serving certain counties. Required fields for applying online include name, telephone, email and contact method. Depending on the loan, you may need to provide additional information. HomeTown Bank offers loan options with a cosigner, including home mortgage, home improvement, home equity and auto 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? | 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 HOMETOWN BANK NA 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.