What does 1STSOUTHEN mean on my credit report?

Learn about 1STSOUTHEN, an real estate broker 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 1STSOUTHEN?

1STSOUTHEN is shorthand for First Southern Real Estate, with the company name being First Southern Real Estate Inc

1STSOUTHEN is a Real Estate Broker provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with First Southern Real Estate.

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

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

About the account

  • ⚫ The average high credit balance is $4500.

  • ⚫ The typical loan duration is 36 months.

How do I contact them?

Here is the current contact details for First Southern Real Estate:

Address:

  • First Southern Real Estate, 201 N. Church Ave, Dyersburg, TN 38024

Website:

Email:

Phone:

Payments

To make a payment, please contact First Southern Real Estate at (731) 285-3233. You can make a payment over the phone, online, or through the mobile app. There are other payment options available, such as using a check or money order. Wire Fees: Incoming Domestic – $10, Incoming International – $20, Outgoing Domestic – $25, Outgoing International – $60.

Question Answer
Can I make payments over the phone? Yes
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

Some loan forgiveness programs are available. The Department of Education offers loan forgiveness programs for borrowers who meet certain criteria, such as those working in the public service sector or those who consolidate their loans. Additionally, some private lenders have loan forgiveness programs for borrowers who remain in good standing for a certain period of time.

Question Answer
Do they offer loan forgiveness? Yes

How to Apply

You can apply for a loan online, over the phone, or in person at First Southern Bank. They offer various personal and business checking accounts, savings and other accounts, certificates of deposit, business loans and digital solutions. You can also apply for a loan using a mobile app with First Southern Bank. Many lenders allow borrowers to apply for a loan with a cosigner.

Question Answer
Can I apply for a loan online? Yes
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.

1STSOUTHEN 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.

How do I remove 1STSOUTHEN 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.