What does BANK OF THE LOWCOUNT mean on my credit report?
Learn about BANK OF THE LOWCOUNT, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is BANK OF THE LOWCOUNT?
BANK OF THE LOWCOUNT is shorthand for Bank of the Lowcountry, with the company name being Bank of the Lowcountry
Bank of the Lowcountry is a local community bank based in Walterboro, South Carolina. Founded in 1897, it serves branches in Charleston County including the main town of Ravenel.
BANK OF THE LOWCOUNT 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 the Lowcountry.
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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 average high credit balance is $11100.
How do I contact them?
Here is the current contact details for Bank of the Lowcountry:
Address:
- 1100 North Jefferies Blvd.,
Walterboro, SC 29488
Website:
Email:
Phone:
Payments
Bank of the Lowcountry offers online banking and bill pay services. Customers can contact the bank with any concerns or comments. The only payment options available are through online banking, banking login, mobile banking, or dropped off at the bank in person. Bank of the Lowcountry offers a mobile app for payment services. Wire transfers are also an option for payment.
| Question | Answer |
|---|---|
| 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? | No |
| Can I make a payment using a wire transfer? | Yes |
Forgiveness and Cancellation
Bank of the Lowcountry does not offer loan forgiveness or consolidation. To qualify for loan forgiveness, you need to have a high credit score, steady income, and manage other debts before applying.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
Bank of the Lowcountry offers loan and mortgage services. Loans cannot be applied for over the phone or in person, but a mobile app is available for loan services. A cosigner is not needed.
| 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? | 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 OF THE LOWCOUNT 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.
