What does BANK OF HAWAII mean on my credit report?
Learn about BANK OF HAWAII, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is BANK OF HAWAII?
BANK OF HAWAII is shorthand for Bank of Hawaii, with the company name being Bank of Hawaii
For almost 130 years, Bank of Hawaii has been helping the communities it serves to weather every major storm. Today, as we face the Covid-19 crisis, Bank of Hawaii remains safe and secure, according to Moody’s Investor Services
BANK OF HAWAII 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 of Hawaii.
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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.
About the account
The account is classified under the following METRO2 categories:
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for Bank of Hawaii:
Address:
- 111 South King Street, Honolulu, Hawaii
Website:
Email:
Phone:
Payments
Bank of Hawaii offers many payment options including Bill Pay, autopay, internal transfers, a one-time payment, and wire transfer. You can also order a debit card, enroll for Online Banking, order checks, and report unauthorized transactions.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| 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
Bank of Hawaii does not offer loan forgiveness or consolidation. However, they are currently offering loan forgiveness for businesses that apply using their quick and easy form for loans up to $150,000. For loans over $150,000, businesses should gather their required documents in electronic form to expedite the forgiveness review process.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online, over the phone, or in person. You can also apply for a loan using a mobile app. If you want to apply for a loan with a cosigner, that option is available as well. Bank of Hawaii offers mobile banking and deposit services, allowing customers to manage their accounts and make payments through their devices.
| 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? | No |
| 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.
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 OF HAWAII 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.