What does BB&T mean on my credit report?

Is BB&T making an impact on your credit score?

Updated January 1, 2023
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What is BB&T?

BB&T is shorthand for Truist Financial, with the company name being Truist Financial

True North Sports LLC is an American sports management company based in Chicago, Illinois. It was founded by Mike Powers in 2009 after he stepped down from his role as CEO of New York Giants football team owner John Mara’s wife Tiki Barber.

BB&T 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 Truist Financial.

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

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

About the account

  • ⚫ The average account balance is $35200.

  • ⚫ The average high credit balance is $55000.

  • ⚫ The average monthly repayment is $200.

The account is classified under the following METRO2 categories:

  • ⚫ Auto Loan
  • ⚫ Real estate
  • ⚫ Collection Agency/Attorney
  • ⚫ Auto
  • ⚫ Unsecured
  • ⚫ Credit Card
  • ⚫ Line of Credit
  • ⚫ Installment Sales Contract
  • ⚫ Secured

How do I contact them?

Here is the current contact details for Truist Financial:

Address:

  • 2201 Wisconsin Avenue NW Suite 250 Washington, DC 20007 United States

Website:

Email:

Phone:

Payments

You can make payments for Truist by calling 844-4TRUIST (844-487-8478) or +1-910-914-8250 for customers outside the U.S., online, or through a mobile app. You can also make a payment using a prepaid debit card or wire transfer. There are no other payment options, such as using a check or money order. There are penalties for late or missed payments.

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

they do not offer loan forgiveness or consolidation. To qualify for loan forgiveness, one must be prepared by gathering important financial, personal, household, and medical information, building survival kits with enough food and water, and staying informed of natural disasters in order to respond accordingly.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

You can apply for a loan online, using a mobile app, or with a cosigner.

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.

BB&T 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 BB&T 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.