What does BANK FIRST mean on my credit report?
Learn about BANK FIRST, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is BANK FIRST?
BANK FIRST is shorthand for Bank First, with the company name being Bank First.
Headquarters for BankFirst are located in Manitowoc, Wisconsin, by means of combining and new branches have grown to service the financial requirements of all members of Wisconsin.
BANK FIRST is a Creditor 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 Bank First.
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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.
How do I contact them?
Here is the current contact details for Bank First:
Address:
- 1159 N. Koeller Street
Oshkosh, WI 54902
Website:
Email:
Phone:
Payments
Bank First Corporation does not offer a monthly payment plan, a discount for automatic payments, or any other payment options such as using a check or money order. You can make a payment using the mobile app, but there are no penalties for late or missed payments. Bank First does not accept prepaid debit cards for payments or offer a wire transfer payment option.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| 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? | No |
| Can I make a payment using a wire transfer? | No |
Forgiveness and Cancellation
Bank First Corporation does not offer loan forgiveness or consolidation. Loan forgiveness may be available if you have Federal student loans and meet certain criteria, such as being employed in a qualifying public service job and making 120 qualifying payments on an income-driven repayment plan.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
Bank First Corporation does not offer online loan applications, loan applications cannot be made over a phone call, you cannot apply for a loan in person, and Bank First Corporation does not offer loan applications via mobile app. It is unknown if 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? | 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 BANK FIRST 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.
