What does FIRST CREDIT CORPORATI mean on my credit report?

Learn about FIRST CREDIT CORPORATI, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is FIRST CREDIT CORPORATI?

FIRST CREDIT CORPORATI is shorthand for First Credit Corporation of New York Inc, with the company name being First Credit Corporation of New York Inc Inc

Founded in 1985, its origins date back to First City Bank’s merger with The Clearing House Association which occurred in 1983.

FIRST CREDIT CORPORATI 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 First Credit Corporation of New York Inc.

  • ⚫ 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 $3300.

  • ⚫ The average high credit balance is $3300.

  • ⚫ The typical loan duration is 24 months.

The account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for First Credit Corporation of New York Inc:

Address:

  • 21 North Main Street Gloversville, NY 12078

Website:

Phone:

Payments

First Credit Corporation offers a Manufactured Home Insurance Program, and you can apply for financing, get pre-approved for a loan, and qualify for a loan through First Credit Corporation. The loan process takes different amounts of time depending on your particular circumstances. You can make payments online. There are no other payment options such as using a check or money order. Payment using a mobile app is not available. First Credit Corporation does not charge penalties for late or missed payments. First Credit Corporation does not accept prepaid debit cards for payments. First Credit Corporation does not accept payments via wire transfer.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? No
Can I make payments online? Yes
Can I make a payment using a mobile app? No
Can I make a payment using a prepaid debit card? No
Can I make a payment using a wire transfer? No

Forgiveness and Cancellation

The website offers loan forgiveness and consolidation. To qualify for loan forgiveness, you must make 120 payments on time.

Question Answer
Do they offer loan consolidation? No

How to Apply

You can apply for a loan online, over the phone, or in person. Some lenders may also have a mobile app that you can use to apply for a loan. You may be able to get a loan 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.

FIRST CREDIT CORPORATI 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 FIRST CREDIT CORPORATI 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.