What does STH BANCORBK mean on my credit report?
Learn about STH BANCORBK, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is STH BANCORBK?
STH BANCORBK is shorthand for BancorpSouth, with the company name being BancorpSouth Inc
STH BANCORBK 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 BancorpSouth.
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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 $900.
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⚫ The average high credit balance is $10100.
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⚫ The typical loan duration is 44 months.
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⚫ The average monthly repayment is $100.
The account is classified under the following METRO2 categories:
- ⚫ Real estate
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for BancorpSouth:
Address:
- P.O. Box 789 Tupelo, MS 38802
Website:
Phone:
Payments
You can make a payment online or in-store by cash, check, credit card, or other accepted payment method. Payments cannot be made over the phone. There are no other payment options besides using a “Forgot Password” feature to change your password or contacting Customer Service for assistance. You can make a payment using a mobile app by following instructions on the page, such as entering personal authentication information, entering and confirming a new password, clearing your cache and restarting your browser. There are no penalties for late or missed payments.
| 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? | No |
| Can I make a payment using a wire transfer? | Yes |
Forgiveness and Cancellation
this company does not offer loan forgiveness or consolidation. Loan forgiveness may be available to borrowers who meet certain qualifications, such as working in a public service job, making 120 qualifying payments while employed in that job, and not having had an adverse credit event. Borrowers must also provide proof of their employment and qualifying payments.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
To apply for a loan, you must first create an account with the necessary personal authentication information. Once you have done this, you can log in and change your password if necessary. If you experience any difficulties logging in, please contact Customer Service for assistance. You cannot apply for a loan over a phone call, in person, 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.
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 STH BANCORBK 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.
