What does 1STEQUITY mean on my credit report?
Is 1STEQUITY making an impact credit score?
What is 1STEQUITY?
1STEQUITY is shorthand for
1ST EQUITY NATIONAL TITLE, with the company name being
1ST EQUITY NATIONAL TITLE & CLOSING SERVICES
Since 2004, Mike Cave has served as president and CEO of First Equity Title Company LLC. During this time period, Mike has introduced a value-add approach to gaining new customers and nurtured his existing business connections. He is often called upon by his clients as their highest representative for introducing them to new business opportunities. At Stony Brook University, Mike completed studies in business management and marketing.
1STEQUITY is a
Loan Provider. They could be on your report for a number of reasons, for example:
⚫ You missed a repayment.
⚫ You opened an account with 1ST EQUITY NATIONAL TITLE.
⚫ 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 1ST EQUITY NATIONAL TITLE:
- 538 Broad Hollow Rd Suite 315, Melville, NY 11747
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 1STEQUITY 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 Loan Provider?
A loan provider is a bank or financial organization that can provide loans. In order to apply for a loan they will run a hard inquiry on your credit account which will negatively impact your credit report. They may make mistakes in their reporting, so if it says that you have missed a payment and you haven’t then if you take the correct action you will be able to remove the late repayment from your credit profile.