What does BK CLARKSON mean on my credit report?

Is BK CLARKSON making an impact on your credit score?

Updated January 1, 2023
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What is BK CLARKSON?

BK CLARKSON is shorthand for Bank of Clarkson, with the company name being Bank of Clarkson Inc

The Bank of Clarkson is proud to be a local owned & operated banking institution located in town of Clarkson, NY. We at The Bank of Clarkson aim to not only meet, but exceed your customer service standards of high quality customer services.

BK CLARKSON 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 Bank of Clarkson.

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

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

About the account

  • ⚫ The average high credit balance is $1900.

  • ⚫ The typical loan duration is 16 months.

  • ⚫ The average monthly repayment is $100.

The account is classified under the following METRO2 categories:

  • ⚫ Auto Loan
  • ⚫ Secured
  • ⚫ Unsecured

How do I contact them?

Here is the current contact details for Bank of Clarkson:

Address:

  • 101 E. Main Street, Clarkson, KY 42726

Website:

Email:

Phone:

Payments

Bank of Clarkson offers many payment options such as online payment, phone payment, wire transfer, and through a mobile app. There may be penalties for late or missed payments. For more information, please call (270) 242-2111 or visit one of our convenient branch locations.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? Yes
Can I make payments online? Yes
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 Clarkson does not offer loan forgiveness or consolidation. It is not clear how to qualify for loan forgiveness.

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 cannot apply for a loan using a mobile app. You can apply for a loan with a cosigner.

Question Answer
Can I apply for a loan over a phone call? No
Can I apply for a loan in person? 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.

BK CLARKSON 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 BK CLARKSON 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.