What does BANCORPSOUTH mean on my credit report?
Is BANCORPSOUTH making an impact on your credit score?
What is BANCORPSOUTH?
BANCORPSOUTH is shorthand for
BancorpSouth, with the company name being
BANCORPSOUTH is a
Creditor provider. They could be on your report for a number of reasons, for example:
⚫ You missed a repayment.
⚫ You opened an account with BancorpSouth.
⚫ You opened a credit card / loan / mortgage with this company.
⚫ Someone fraudulently opened a credit line under your name.
About the account
The account is classified under the following METRO2 categories:
- ⚫ Credit Card
- ⚫ Real estate
- ⚫ Secured
How do I contact them?
Here is the current contact details for BancorpSouth:
- 201 S. Spring St. Tupelo, MS 38804
Payments can be made online, by phone, or by mail. To make an online payment, visit the payment website and enter the required information. To make a payment by phone, call the payment company’s phone line and provide the required information. To make a payment by mail, send a check or money order to the payment company with the required information.The company does not offer a monthly payment plan or discounts for automatic payments. There are no penalties for late or missed payments.Payments can be made using a mobile app, a prepaid debit card, or a wire transfer. If you have trouble making a payment, please contact Customer Service for assistance.
|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
they do not offer loan forgiveness or consolidation. There are no specific qualifications to qualify for loan forgiveness.
|Do they offer loan forgiveness?||No|
|Do they offer loan consolidation?||No|
How to Apply
To apply for a loan online, follow the steps provided to log in and change your password, as well as clearing your cache and making sure your browser is compatible with our system. If you need more assistance, contact Customer Service at 1-888-797-7711. You cannot apply for a loan over a phone call, in person, or with a cosigner.
|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?||No|
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.
How do I remove BANCORPSOUTH 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.