What does HRTLND BNK mean on my credit report?
Learn about HRTLND BNK, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.
What is HRTLND BNK?
HRTLND BNK is shorthand for Heartland Bank and Trust Company, with the company name being Heartland Bank and Trust Company Inc
They are a community bank whose origins lie firmly in the Heartland with the Drake Family. The Drakes arrived in Central Illinois from England in 1852 and have been involved in banking since then. A Third Generation Banker is one that avoids unnecessary bureaucracy by having the customer serve directly.
HRTLND BNK 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 Heartland Bank and Trust Company.
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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 $1500.
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⚫ The average high credit balance is $4300.
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⚫ The average monthly repayment is $100.
The account is classified under the following METRO2 categories:
- ⚫ Unsecured
- ⚫ Auto
How do I contact them?
Here is the current contact details for Heartland Bank and Trust Company:
Address:
- 401 N. Hershey Road P.O. Box 67 Bloomington, IL 61702-0067
Website:
Email:
Phone:
Payments
Heartland Bank offers a variety of payment options to customers, including online banking and mobile banking services, as well as the ability to make payments by phone, check, or money order. There are no penalties for late or missed payments. Wire transfer payments are also an option.
| 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
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
you can apply for a loan online with State Bank of Lincoln, a Division of Heartland Bank and Trust Company. State Bank of Lincoln, a Division of Heartland Bank and Trust Company also offers a mobile app loan application. Heartland Bank and Trust Company offers loan products with the option of a cosigner.
| 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 |
SmartCredit Report Example
- This is an example of what this creditor will look like on your SmartCredit 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 HRTLND BNK 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.