Horizon Financial Bank on Your Credit Report
In short: Headquartered in Munich, North Dakota, Horizon Financial Bank is a state-chartered commercial bank that is not a member of the Federal Reserve System. The charter behind FDIC certificate 15598 dates to January 1, 1905 — a pre-Depression charter that has survived every subsequent change in bank reporting, so its tradelines have passed through several generations of core systems. On the 06/30/2026 call report the bank reported $201 million in assets, served from 5 FDIC-reported offices. Because Horizon Financial Bank furnishes its own tradelines, you can dispute through the bureaus under §611 and directly with the bank under §623. Information that is inaccurate, incomplete, or unverifiable can be disputed under the FCRA. Outcomes depend on what the furnisher can verify, and results vary.
Who Horizon Financial Bank actually is
Charter details above are from the FDIC BankFind public database.
What makes this creditor different
Horizon Financial Bank is recorded by the FDIC under certificate 15598 as a state-chartered commercial bank that is not a member of the Federal Reserve System, established January 1, 1905 in Munich, North Dakota, with $201 million in assets and 5 offices as of 06/30/2026.
How Horizon Financial Bank appears on your credit report
Horizon Financial Bank is an original creditor, not a collector, and that changes the mechanics. An institution this size usually has one person who can actually pull the original file, so naming the exact field you are challenging gets further than a broad request. Name the account by its last four digits and open date, state the one field you believe is wrong, and file the bureau dispute at the same time. Outcomes depend entirely on what the records show.
Names it may report under
Products that commonly show up
- ◆Small-business and agricultural credit carrying a personal guaranty
- ◆Auto and equipment loans financed through local dealers
- ◆Personal lines of credit tied to a Horizon Financial Bank deposit relationship
Grounds to dispute a Horizon Financial Bank entry
Each of these is a reason a Horizon Financial Bank tradeline may be inaccurate or unverifiable. None of them assures removal — they are the angles worth checking on your own report.
- ◆Duplicate tradeline created when Horizon Financial Bank converted its loan platform
- ◆Business loan with a personal guaranty reported on the individual's consumer file
- ◆Loan paid off at maturity still showing an open balance
- ◆Account balance or credit limit reported incorrectly
- ◆Payment reported late when it was made inside the grace period
- ◆Date of first delinquency re-aged to extend how long it can report
- ◆Account still reporting as open after it was closed, or vice versa
- ◆Duplicate tradeline for the same account after an internal transfer
- ◆Account belongs to someone else with a similar name, or is the result of identity theft
Disputing an original creditor is not the same as disputing a collector
Horizon Financial Bank is an original creditor — the institution whose name was on the account when it was opened. That matters for two reasons. First, the FDCPA, which governs debt collectors, generally does not apply to a creditor collecting its own debt in its own name, so the “debt validation” request that works against a collection agency is not the right tool here. Second, as the furnisher of the tradeline, Horizon Financial Bank has direct obligations under FCRA §623 to investigate a dispute you send it and to correct or delete information it cannot verify as accurate.
Dispute with the bureaus — FCRA §611
File with Equifax, Experian and TransUnion. They must generally investigate within 30 days and tell the furnisher. Free, and you can do it yourself.
Dispute with the furnisher — FCRA §623
Send Horizon Financial Bank a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
Horizon Financial Bank questions, answered
Is Horizon Financial Bank FDIC-insured, and what is its certificate number?
Deposits are insured under FDIC certificate 15598. The FDIC record shows a state-chartered commercial bank that is not a member of the Federal Reserve System in Munich, ND, chartered January 1, 1905, holding $201 million across 5 offices on the 06/30/2026 call report.
Who regulates Horizon Financial Bank, and where do I escalate if a dispute fails?
As a state-chartered commercial bank that is not a member of the Federal Reserve System, Horizon Financial Bank answers primarily to the FDIC and its state banking regulator. Where a §611 and a §623 dispute both come back verified against documentation you hold, escalate to the CFPB, and note that FCRA §§616–617 create a private right of action. You do not need to hire anyone to take either step.
How many credit-card complaints does the CFPB show against Horizon Financial Bank?
None is listed. Horizon Financial Bank did not match any company key in the CFPB credit-card complaint dataset on an exact-name basis, and we decline to estimate from a loose match. You can search the public database yourself at consumerfinance.gov.
How long can a Horizon Financial Bank charge-off stay on my credit report?
The FCRA ceiling is roughly seven years measured from the date of first delinquency on the Horizon Financial Bank account. Charging the balance off, selling it, or moving it to another servicer does not restart that clock. If the date of first delinquency moves forward, that is re-aging — itself an FCRA violation worth disputing.
What is the difference between disputing with Horizon Financial Bank and disputing with a collector?
Horizon Financial Bank is the original creditor and holds the underlying file — application, statements, posting history. A collector holds only what was transferred with the account. That is why a §623 dispute to Horizon Financial Bank tends to resolve factual questions a collector simply cannot answer.
Does Horizon Financial Bank report to all three credit bureaus?
Nothing in the FCRA compels a furnisher to report to all three nationwide bureaus, so coverage can be uneven. Compare all three files first. With Horizon Financial Bank, a varying balance usually reflects different refresh dates; a varying account status or date of first delinquency is the real signal.
Horizon Financial Bank was acquired or changed names — why does my report show two accounts?
A single account showing twice is a classic conversion artifact. When Horizon Financial Bank migrates an account between core systems or through an acquisition, the old and new furnisher names can both persist. Request deletion rather than a status change; marking the extra tradeline closed leaves it weighing on your utilization. In this case the charter is a pre-Depression charter that has survived every subsequent change in bank reporting, so its tradelines have passed through several generations of core systems.
Can I dispute Horizon Financial Bank reporting myself, without paying anyone?
Yes, and at no cost. Both the §611 bureau dispute and the §623 furnisher dispute are rights you already hold — no company is required to exercise them for you. Put the challenge to Horizon Financial Bank in writing, name one field, mirror it to the bureaus, and keep copies. Results vary with what the documentation supports.
What should I check first on Horizon Financial Bank reporting?
Start with the date of first delinquency, then the account status, then the high balance or limit — those three drive both the seven-year clock and the scoring weight. Match the Horizon Financial Bank entry to your statements before writing. A specific, documented inaccuracy moves an investigation that a blanket request will not.
Other creditors on credit reports
This page is general information about consumer rights, not legal advice, and does not create an attorney-client relationship. Crowned Credit is not affiliated with, endorsed by, or sponsored by Horizon Financial Bank; company names are used only to identify the institution a consumer may see on a credit report. Crowned Credit does not promise any particular outcome; results vary by individual circumstances and by what a furnisher is able to verify. Accurate, verifiable information generally cannot be removed from a credit report. You have the right to dispute inaccurate information yourself, for free, directly with the credit bureaus and with the furnisher.
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