What does ALABAMA STATE EMPL CR mean on my credit report?

Is ALABAMA STATE EMPL CR making an impact on your credit score?

Updated January 1, 2023
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What is ALABAMA STATE EMPL CR?

ALABAMA STATE EMPL CR is shorthand for ASE Credit Union, with the company name being ASE Credit Union

Membership means ownership if you are a member, then you own it when we credit union wins, we share the profits of course with our members and the community

ALABAMA STATE EMPL CR 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 ASE 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 $2400.

  • ⚫ The average high credit balance is $7900.

  • ⚫ The average monthly repayment is $200.

The account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney
  • ⚫ Secured
  • ⚫ Auto Loan

How do I contact them?

Here is the current contact details for ASE Credit Union:

Address:

  • P. O. Box 231150
    Montgomery, AL 36123

Website:

Email:

Phone:

Payments

To make a payment, you can contact Debit Card Support at (800) 554-8969 or Credit Card Support at (833) 333-0418. You can also request a payment refund by contacting ASE Credit Union’s Debit Card Support (800) 554-8969 or Credit Card Support (833) 333-0418. Payments can be made over the phone via Debit Card Support (800) 554-8969 or Credit Card Support (833) 333-0418. you can make payments online with ASE Credit Union. Sign up for online banking and view your statements, as well as access helpful and important links. Payment options include using a debit or credit card, as well as using a check or money order. you can make a payment using a mobile app. Late or missed payments may incur fees as ASE Credit Union reserves the right to assess a late fee or other charges for any payment received after the due date. you can use a prepaid debit card to make a payment. For further Debit Card support, please call (800) 554-8969. For further Credit Card support, please call (833) 333-0418. Finally, you can make a payment using a wire transfer. For information on what information is needed to receive a wire transfer, please contact Debit Card Support at (800) 554-8969 or Credit Card Support at (833) 333-0418.

Question Answer
Do they offer a monthly payment plan? No
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

ASE Credit Union does not offer loan consolidation. To qualify for loan forgiveness, you typically need to meet certain eligibility requirements, such as making regular, on-time payments or working in certain fields. Additionally, you may need to submit an application along with other required documents to demonstrate that you meet the requirements.

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

How to Apply

you can apply for a loan online, over the phone, or in person at ASE Credit Union. You may also be able to apply for a loan using a mobile app or with a cosigner.

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.

ALABAMA STATE EMPL CR 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 ALABAMA STATE EMPL CR 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.