What does FIRSTBANK mean on my credit report?
Learn about FIRSTBANK, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is FIRSTBANK?
FIRSTBANK is shorthand for FirstBank Holding Company, with the company name being FirstBank Holding Company Inc
FIRSTBANK is a Creditor provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with FirstBank Holding Company.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
About the account
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⚫ The average account balance is $37300.
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⚫ The average high credit balance is $111900.
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⚫ The average monthly repayment is $600.
The account is classified under the following METRO2 categories:
- ⚫ Real estate
- ⚫ Secured
How do I contact them?
Here is the current contact details for FirstBank Holding Company:
Address:
- 2 Plum Creek Pkwy. Castle Rock, CO 80104
Website:
Email:
Phone:
Payments
You can make payments to individuals or businesses in the US via Online Banking Service, with the payment being deducted from your account on the scheduled date. You can cancel the payment up to four business days prior to the scheduled payment date if the payment is being sent by check, or two business days prior if it is being sent electronically. There are no other payment options such as using a check or money order. There are penalties for late or missed payments, including a Non-Sufficient Funds Item fee and a $2.50 fee for Non-FirstBank ATM usage.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| 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
There are three main types of student loan forgiveness: Teacher Loan Forgiveness, Public Service Loan Forgiveness, and Perkins Loan cancellation. Teacher Loan Forgiveness is available to teachers who have taught full-time for five complete and consecutive academic years in a low-income elementary or secondary school, or educational service agency. To qualify for Public Service Loan Forgiveness, you must work full-time in an eligible public service or nonprofit job, make 120 qualifying loan payments, and have the right type of loan. Perkins Loan cancellation provides forgiveness for teachers, law enforcement officers, firefighters, and other public servants.
| 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 may also be able to apply for a loan using a mobile app. In some cases, you may need 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.
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 FIRSTBANK 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.