What does AP AUTO FI mean on my credit report?

Learn about AP AUTO FI, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is AP AUTO FI?

AP AUTO FI is shorthand for Advantage One Credit Union, with the company name being Advantage One Credit Union

Apply online for your AOCU visa credit card from the comforts of your own home! It is simple to transfer your high-interest credit card debt to our low-interest visa card. ENJOY A SIX MONTH INTRODUCTORY RATE OF 0.99% APY2. AFTER SIX BILLING CYCLES YOUR FIXED INTEREST WILL BE 10.98%.

AP AUTO FI is a Credit Union provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Advantage One Credit Union.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for Advantage One Credit Union:


    13050 Fort St.
    Southgate, MI 48195





Advantage One Credit Union offers a variety of payment options such as transferring high rate balances to the AOCU credit card, pre-qualifying for a loan, and earning rewards points on groceries. Customers can also use a check or money order to make payments. Late or missed payments may result in penalty fees.

Question Answer
Can I make payments online? 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

Advantage One Credit Union offers financial services such as a $5,000 winter loan special, transferring of high rate balances to their credit card, mortgage refinancing, and the ability to get pre-qualified for a loan within minutes. Loan forgiveness is not an offered service.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

Advantage One Credit Union offers a $5,000 loan special and provides the opportunity to get pre-qualified for a loan within minutes online. You can also apply for a loan with a cosigner. AOCU also offers a 14 Month certificate at 3.50% APY1, credit card rewards, melt away last year’s high interest credit card balances, and $5,000 loan special. Members can also earn cash by referring friends, and the credit union is currently offering three $2,500 scholarships.

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? Yes
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.

AP AUTO FI 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.

What is a Credit Union

A credit union is similar to a bank, however it is owned collectively by the members and does not operate on a for-profit basis. Many credit unions are able to provision credit and issue credit cards, which may report on your credit report. Due to the none-profit nature of credit unions they are generally more trusted by the public, as they are less likely to act in a malicious fashion. However, credit unions can still make mistakes with reporting on your credit report therefore being aware of what is being reported, and take action against any unfair reporting.

How do I remove AP AUTO FI 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.