What does 1ST PPLS COM mean on my credit report?

Is 1ST PPLS COM making an impact on your credit score?

Updated January 1, 2023
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What is 1ST PPLS COM?

1ST PPLS COM is shorthand for First Peoples Community Federal Credit Union, with the company name being First Peoples Community Federal Credit Union LLC

1ST PPLS COM is a Federal 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 First Peoples Community Federal 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 First Peoples Community Federal Credit Union:

Website:

Email:

  • [Downtown Cumberland, 153 Baltimore Street, Cumberland, MD 21502](mailto://Downtown Cumberland, 153 Baltimore Street, Cumberland, MD 21502)

Phone:

Payments

First Peoples Community Federal Credit Union offers various payment options such as credit cards, auto loans, business lending, wealth management, and home loans. They also accept checks and money orders. They do not specify penalties for late or missed payments, but they offer value-packed portfolios of low-cost business services to assist customers with their financial needs.

Question Answer
Can I make payments over the phone? No
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes

Forgiveness and Cancellation

First Peoples Community Federal Credit Union provides a variety of services, including auto loans, home loans, and business lending. They do not offer loan forgiveness or loan consolidation specifically, so it is unclear if they offer either service. The qualifications for loan forgiveness will depend on the financial institution offering the loan and the type of loan. To qualify for loan forgiveness, borrowers must meet certain conditions such as making on-time payments and fulfilling any required repayment periods or covenants. Additionally, some financial institutions may require borrowers to demonstrate a financial need or meet other criteria in order to qualify for loan forgiveness.

Question Answer
Do they offer loan consolidation? No

How to Apply

You can apply for a loan online, over the phone, or in person with First Peoples Community Federal Credit Union. They offer a variety of loan options and provide personalized service and financial guidance. You can also apply for a loan using their mobile banking app.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? Yes
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.

1ST PPLS COM 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 Federal 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 federal 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. The difference between a credit union and a federal is the fact that federal credit unions are federally insured.

How do I remove 1ST PPLS COM 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.