What does ALDEN CU mean on my credit report?
Is ALDEN CU making an impact on your credit score?
What is ALDEN CU?
ALDEN CU is shorthand for
Alden Credit Union, with the company name being
Alden Credit Union
You can simply visit one of our branches at Alden Credit Union to join us, as long as you have an identification document and make a $25 membership contribution, which grants you a share in the credit union and makes you a co-owner.
ALDEN 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 Alden 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 Alden Credit Union:
- 710 Grattan Street
Chicopee, MA 01020
Alden Credit Union offers several payment options including online payments, wire transfer, and using a check or money order. There are penalties for late or missed payments which may include increased interest rates or fees. For more information, contact Alden Credit Union.
|Do they offer a monthly payment plan?||No|
|Can I make payments over the phone?||Yes|
|Can I make payments online?||Yes|
|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
Alden Credit Union does not offer loan forgiveness, but offers loan consolidation as one of their loan inquiry services. Personal loans have an APR of 12.74% and Money Market Rates can go as high as 0.45% APY. You should contact Alden Credit Union for more information and to inquire about their loan forgiveness options.
|Do they offer loan consolidation?||Yes|
How to Apply
Alden Credit Union offers various loan options that can be applied for online, over the phone, or in person. You may need a cosigner for some loan options. For more information, visit their website or call their main branch.
|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.
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 ALDEN 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.