What does AMERICAN HERITAGE FCU mean on my credit report?

Is AMERICAN HERITAGE FCU making an impact on your credit score?

Updated January 1, 2023
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What is AMERICAN HERITAGE FCU?

AMERICAN HERITAGE FCU is shorthand for American Heritage Credit Union, with the company name being GeneralInfo@amhfcu.org

We provide you with right financial solutions because your family is found. American Heritage Credit Union was founded in 1948 and is today one of the country’s 100 largest credit unions.

AMERICAN HERITAGE FCU 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 American Heritage 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 high credit balance is $400.

  • ⚫ The average credit limit is $400.

The account is classified under the following METRO2 categories:

  • ⚫ Secured
  • ⚫ Credit Card
  • ⚫ Secured Credit Card
  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for American Heritage Credit Union:

Address:

  • 2060 Red Lion Road
    Philadelphia, PA
    19115

Website:

Email:

Phone:

Payments

American Heritage Credit Union offers a number of payment options including online payments, phone payments, and wire transfer. There may be penalties for late or missed payments. You can also access your eStatements and loan payoffs.

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

American Heritage does not offer loan forgiveness. They do offer loan consolidation services. To qualify for loan forgiveness, you must become a member of American Heritage and open a new account with the required primary and secondary forms of identification.

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 the phone, or in person. You will need to provide your cosigner’s information if you choose to apply with one. American Heritage offers mobile and online services that allow you to access your account and make transactions 24/7.

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.

AMERICAN HERITAGE FCU 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 AMERICAN HERITAGE FCU 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.