If the name FNB Omaha has appeared on your credit report recently, it’s likely because you applied for a credit card with the First National Bank of Omaha (FNB Omaha). Applying for a credit card can open you up to some rewarding financial benefits, including low-interest-rate cards, but it might also have a negative effect on your credit score. A credit card application typically requires a hard inquiry, which can have a poor impact on your credit report for years.
What is FNB Omaha on my credit report?
FNB is a popular bank for several personal and professional financial services and products, including:
- Banking (online banking, checking account and savings account)
- Investment accounts
- Home loans
- Auto loans
- Personal loans
- Student loan refinancing
- Credit cards
- Wealth advising
- Mobile banking via an app
- Credit cards issued with First Bankcard, a division of FNB Omaha
Is FNB Omaha on my credit report legit?
If you’ve come across a hard inquiry from FNB Financial on your credit report, you may be wondering whether it's legitimate or a scam. FNB Omaha isn’t a scam or a debt collection agency. The Omaha-based bank has been in business for over 160 years and is a subsidiary of First National of Nebraska, Inc. It’s also insured by the Federal Deposit Insurance Corporation, or FDIC.
While it’s headquartered in Nebraska, the bank also operates in a handful of other states, including Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.
Though FNB Omaha offers several financial products, it’s most likely to wind up on your credit report as a hard inquiry because of a credit card application or credit limit increase requests. People are familiar with the company because of its rewarding lineup of credit cards, including several secured and cashback options, Visa rewards and zero ATM surcharge fees.
How long does an FNB Omaha hard inquiry stay on your credit report?
When you apply for a credit card with FNB Omaha, the lender will run a credit check to review your payment history, credit use, balances and open account information. To obtain this data, the lender accesses your full credit profile from the credit bureaus, which will result in a short-term drop in your credit score. That means you may see a change in your Equifax, TransUnion or Experian report. This can also affect all three of your scores depending on which agency the bank pulls your information from.
Over time, the impact of a hard credit inquiry lessens, but it will stay on your report for two years. A single hard inquiry from FNB Omaha isn’t likely to do major damage to your credit score, but you should try to keep your hard inquiries to a minimum.
How to remove FNB Omaha from your credit report
The negative effects of a credit inquiry may not be too severe, but a hard inquiry can continue to hurt your score if it stays on your credit report. While you may be able to get an entry, like a collections account, removed from your report on your own with a debt validation letter, getting a hard inquiry removed might be better left to the experts.
Repairing your credit can be a tedious process and require a lot of phone calls, letters and time to get entries removed from your report. Credit repair companies are experts at getting credit inquiries from FNB Omaha and other lenders omitted from your report for good, which can drastically boost your credit score.
These agencies dispute entries on your report and work to improve your score quickly and efficiently. A credit repair agency can dispute the following types of entries on your credit report, hopefully getting them removed altogether:
- Charge offs
- Debt collections
- Late payments
While one hard credit check may not be reason enough to pay for a credit repair service, several inquiries can have a more severe impact on your score. If your credit score is holding you back from being able to secure a home loan, auto loan or credit card, especially during the COVID-19 pandemic, a credit repair company could be very beneficial.
FNB Omaha contact information
Here's the bank’s contact information:
1620 Dodge Street,
Omaha, NE 68197
Phone Number: 800-642-0014
Rating: BBB.org gave an A+ accreditation
Dealing with FNB Omaha
Any time you apply for credit, you can expect to see an impact on your credit report, whether you’ve submitted a mortgage application or you’re trying to get a secured credit card to boost your credit score. FNB Omaha is no exception. When you apply for a card or a loan from a popular national bank, it’s likely to have a minor impact on your credit score.
If you believe FNB Omaha has run a hard credit check on you by mistake, or it’s legitimate and you’re simply hoping to get some entries removed from your report, consider working with a credit repair company.
The three companies below are a great place to start:
- Credit Saint
- Sky Blue
- Lexington Law
These companies are reputable and provide affordably priced expert services that can get your credit and financial goals back on track. Take a few moments to check your credit score today and consider whether or not a credit repair service could benefit you.
Disclaimer: This story was originally published on August 4, 2020, on BetterCreditBlog.org. To find the most relevant information concerning collections or credit card inquiries, please visit: https://money.com/how-to-remove-collections-from-credit-report/ or https://money.com/get-items-removed-from-credit-report/