Student Loans And Credit Scores Utica NY

A financial expert explains how your current debt load can affect your ability to borrow money.

First Niagara Bank - Utica Branch
(800) 421-0004
50 Auert Avenue
Utica, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $1.00 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact First Niagara Bank for details.
Services
Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Bank of America - North Utica Branch
(800) 432-1000
50 Auert Avenue
Utica, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Bank of America - 268 Genessee St Drive-Up Branch
(800) 432-1000
911 Cornelia Street
Utica, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
Citizens Bank - Utica Downtown
(877) 360-CIRC
266 Genesee Street
Utica, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $20.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $3.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Bank of America - East Utica Branch
(800) 432-1000
1100 Mohawk Street
Utica, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
Bank of America - 268 Genesee Street Branch
(800) 432-1000
268 Genesee Street
Utica, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Chase - Utica-Middle Market Reg Hq Branch
(877) 682-4273
258 Genesse Street
Utica, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $35.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
Citizens Bank - Utica/Walmart Branch
(877) 360-CIRC
710 Horatio Street
Utica, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $20.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $3.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
M&T Bank - Partners Trust Bank Branch
(800) 724-2440
233 Genesee Street
Utica, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $24.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM after 4 uses per month. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact M&T Bank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
M&T Bank - Herkimer Road Branch
(800) 724-2440
1 Herkimer Road
Utica, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $24.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM after 4 uses per month. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact M&T Bank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Student Loans And Credit Scores

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Q: Will having student loans (currently deferred) totaling $50,000 - $80,000 negatively affect my credit score or my ability to get a mortgage? Also, I recently got reports from "the big three" credit reporting agencies, which indicated a number of open credit card accounts with zero balances. Would it positively affect my credit score to close those accounts officially?

Lastly, I'm currently disputing some of my negative reports with all 3 agencies. If one agency deletes one or more of my 'bad' accounts from file, do the other two automatically delete it from their files, if the same account has been reported to more than 1 agency? If not, what can I do?

MS: Yes, having an outstanding debt load of up to $80,000 will certainly affect your ability to obtain more debt in the form of a mortgage loan. There are many other factors that will be considered, such as your income, job stability, other debts, payment history, value of the home you are seeking a loan to buy, and more. Closing accounts may or may not positively affect your credit score, depending on your total number of accounts, other debts, etc.

Often, closing unused accounts can improve your score, but you must make sure when you close an account that your credit reports are noted as "accounts closed by client" so that future lenders realize it was your decision and not the creditor's decision to close the accounts. You must make sure each bureau updates your report. They are all independent of each other, and just because one bureau updates does not mean all three will automatically update the information....


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