What does TEXAS NTL BK mean on my credit report?

Learn about TEXAS NTL BK, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is TEXAS NTL BK?

TEXAS NTL BK is shorthand for Texas National Bank, with the company name being Texas National Bank Inc

TEXAS NTL BK is a Bank provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Texas National Bank.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for Texas National Bank:

Address:

  • 2406 S Main St Lindale, TX 75771

Website:

Email:

Phone:

Payments

Zelle is a fast, safe and easy way to send and receive money directly between almost any bank accounts in the U.S. To get started, log into online banking or your mobile app and select “Send Money with Zelle”. You can also receive money by simply sharing your enrolled email address or U.S. mobile phone number with a friend and asking them to send you money with Zelle.

Question Answer
Do they offer a monthly payment plan? Yes
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

They do not offer loan forgiveness or consolidation. To qualify for loan forgiveness, you must enroll with Zelle, log into online banking or the mobile app, navigate to Bill Pay and select “Send Money with Zelle®”, accept terms and conditions, enter an email address or U.S. mobile phone number, receive a one-time verification code and enter it.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

Zelle is a fast, safe and easy way to send money directly between almost any bank accounts in the U.S., typically within minutes1. To get started, log into online banking or your mobile app and select “Send Money with Zelle®”. Accept terms and conditions and enter your email address or U.S. mobile phone number. If someone has sent you money with Zelle, you do not need to take any further action. The money will be sent directly into your bank account. You can use Zelle to send money to friends, family and others you trust, but you cannot use it to apply for a loan.

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

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

TEXAS NTL BK 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 TEXAS NTL 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.