What does ST MARYS BANK mean on my credit report?
Learn about ST MARYS BANK, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.
What is ST MARYS BANK?
ST MARYS BANK is shorthand for St Mary's Bank, with the company name being St Mary's Bank Inc
Welcome to St. Mary’s Bank, the country’s first credit union. St. Mary’s Bank was established in Manchester, New Hampshire in 1908 as the first credit union in the United States; well over a century later, the legacy of its founders continues to live on. The story of St. Mary’s Bank is timeless and begins like the best stories do with a dream to change the world for the better. "
ST MARYS BANK 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 St Mary’s 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 $9500.
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⚫ The typical loan duration is 42 months.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for St Mary’s Bank:
Address:
- 116 S. River Rd., Suite B2 Bedford, NH 03310
Website:
Email:
Phone:
Payments
To make a payment, you can enroll in eStatements and register for Online Banking through the bank’s website. If you use a mobile app, there is also the option to make a payment. Otherwise, you can use a prepaid debit card or wire transfer. There are penalties for late or missed payments.
| 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
St. Mary’s Bank does not offer loan forgiveness or consolidation. Loan forgiveness qualifications vary depending on the type of loan and the individual’s specific circumstances. Contact St. Mary’s Bank to discuss your specific loan and potential loan forgiveness options.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You cannot apply for a loan online, over the phone, or in person. However, you can apply for a loan using the St. Mary’s Bank mobile app. You can also contact St. Mary’s Bank by phone at 1-888-786-2791 or by visiting their main office in Manchester, NH. St. Mary’s Bank is a not-for-profit member-owned credit union where you can apply for a loan with a cosigner.
| 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? | 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 ST MARYS BANK 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.