What does BK WEST mean on my credit report?

Is BK WEST making an impact on your credit score?

Updated January 1, 2023
Header image

What is BK WEST?

BK WEST is shorthand for Bank of the West, with the company name being Bank of the West Inc

Your money at Bank of the West has values as well as only value. We know that deposits made into a bank have the ability to finance positive changes. Therefore, we are acting on behalf of our parent company BNP Paribas engaged in sustainable financing alongside the bank.

BK WEST 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 the West.

  • ⚫ 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 $53200.

  • ⚫ The average high credit balance is $78900.

  • ⚫ The average monthly repayment is $300.

The account is classified under the following METRO2 categories:

  • ⚫ Credit Card
  • ⚫ Auto Loan
  • ⚫ Secured
  • ⚫ Auto
  • ⚫ Real estate
  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for Bank of the West:

Address:

  • 5401 Central Avenue Northeast, , Albuquerque, NM 87108

Website:

Email:

Phone:

Payments

Bank of the West offers customers the option to pay their loans and bills online on a monthly basis. Customers can make payments online, over the phone, or through the bank’s mobile app. There are penalties for late or missed payments, which may include late fees, service charges, or interest on the balance. Customers can also make payments using a prepaid debit card, wire transfer, or check.

Question Answer
Do they offer a monthly payment plan? Yes
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. However, you may qualify for loan forgiveness by meeting certain eligibility criteria and conditions.

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

How to Apply

You can apply for a loan with Bank of the West using in-person services, by signing up for Online Banking, or using a mobile app. There are car loans, RV loans, boat loans, home equity, and home refinancing options available. Additionally, customers can view account activity, set up alerts, and manage accounts from their mobile devices. 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 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.

BK WEST 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 WEST 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.