What does ADVANTIS CU mean on my credit report?

Is ADVANTIS CU making an impact on your credit score?

Updated January 1, 2023

What is ADVANTIS CU?

ADVANTIS CU is shorthand for ADVANTIS CREDIT UNION, with the company name being ADVANTIS CREDIT UNION

Not like banks-and what distinguishes us is that a credit union is owned by all of their clients (usually called members). Find out more about the Credit Union differenceAdvantis Difference not all credit unions are equal. Advantis is locally managed by our customers and has served the people of Portland for over 80 years.

ADVANTIS CU 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 ADVANTIS CREDIT UNION.

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

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

About the account

  • ⚫ The average account balance is $15000.

  • ⚫ The average high credit balance is $26200.

  • ⚫ The average monthly repayment is $200.

The account is classified under the following METRO2 categories:

  • ⚫ Auto Loan

How do I contact them?

Here is the current contact details for ADVANTIS CREDIT UNION:

Website:

Email:

Phone:

Payments

To make a payment, you can transfer any current balance on your Classic card to your new Platinum (or Rewards) card. Your card number will change as it is an entirely new credit card type. Advantis is participating in Visa Account Updater (VAU) which will update card number information to merchants who maintain card-on-file (COF) account information to process recurring customer payments. Upgrading to Platinum will not affect your credit score, although a credit application may be required if you decide to upgrade to a Cashback Rewards card. Your Classic card is no longer available to use.If you have a current balance on your Classic card, it will be transferred to your new Platinum (or Rewards) card. Your card number will also change when upgrading. The upgrade will not affect your credit score, and you can continue to use your Classic card until the upgrade is complete.Advantis will transfer any current balance on Classic card to a new Platinum or Rewards card and the card number will change. Advantis is participating in Visa Account Updater to help make the transition easier, however members should take extra precaution to contact companies they make recurring payments to. The upgrade will not affect the credit score, however members may need to apply and be approved for a Cashback Rewards card. Classic cards can no longer be used.you can make payments using a mobile app. Advantis Credit Union is participating in Visa Account Updater, a service that provides card number updates to merchants to process recurring customer payments. This upgrade will not affect your credit score. Your card number will change, but you can still use your Classic card until the new card is available.there are penalties for late or missed payments on Advantis Credit Union Classic, Platinum, and Rewards Visa credit cards. These penalties include fees and interest. To avoid penalties, cardholders should ensure that they make payments on time and that companies they make recurring payments to participate in the Visa Account Updater program.

Question Answer
Do they offer a monthly payment plan? Yes
Can I make payments over the phone? Yes
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
Can I make a payment using a mobile app? 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

Advantis offers loan forgiveness and consolidation by transferring any current balance on a Classic card to a Platinum (or Rewards) card. The card number will change with the upgrade. Upgrading to Platinum or Cashback Rewards cards will not affect credit score. Classic cardholders can still use their Classic card until October 1, when the new cards are available.

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

How to Apply

you can apply for a loan online, over a phone call, or in person. Advantis also participates in Visa Account Updater, which helps to automatically update your card number to participating merchants. Applying for a loan will not affect your credit score.

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.

ADVANTIS CU 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 ADVANTIS CU 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.