What does BankFinancial Corporation (BANKFINANCIAL, NATIONA) mean on my credit report?

Is BANKFINANCIAL, NATIONA making an impact credit score?

Updated May 1, 2022

What is BANKFINANCIAL, NATIONA?

BANKFINANCIAL, NATIONA is shorthand for BankFinancial Corporation, with the company name being BankFinancial Corporation

In 1924, BankFinancial Corporation opened its doors as Financial Federal Saving Bank of Olympia Fields. Since then, we’ve reinvigorated the way we think and worked hard to make sure that we keep our customers moving forwards. The BankFinancial is a complete service, community-orientated national bank with offices in Burr Ridge, Illinois.

BANKFINANCIAL, NATIONA is a Creditor. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with BankFinancial Corporation.

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

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

How do I contact them?

Here is the current contact details for BankFinancial Corporation:

Address:

  • S21110 Western Ave, Olympia Fields, IL 60461, US

Website:

Email:

Phone:

  • 800.894.6900

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

BANKFINANCIAL, NATIONA SmartCredit 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 BANKFINANCIAL, NATIONA 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.