What does BRAGG FCU mean on my credit report?
Learn about BRAGG FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is BRAGG FCU?
BRAGG FCU is shorthand for Bragg Federal Credit Union, with the company name being Bragg Federal Credit Union Inc
Chartered on April 18th 1960, we exist primarily to encourage thrift among our members. Loans approved rose to an unprecedented level, and we continued to offer exceptionally priced credit on all products and services offered by us.Our strong financial position has enabled the board of directors to authorize a record $1 million loyalty dillribution payment to you in December. More than 2,300 members have received dividends, with some receiving up to $500.
BRAGG FCU is a Federal Credit Union provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with Bragg Federal Credit Union.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
About the account
The account is classified under the following METRO2 categories:
- ⚫ Unsecured
How do I contact them?
Here is the current contact details for Bragg Federal Credit Union:
Address:
- 1650 Skibo Road, Fayetteville, NC 28303
Website:
Email:
Phone:
Payments
Fort Bragg Federal Credit Union offers online and mobile bill payment options that are secure and federally insured. There are no penalties for late or missed payments, and users can make payments using a prepaid debit card. Other payment options may be available, such as using a check or money order.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| 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? | No |
Forgiveness and Cancellation
loan forgiveness is not offered. Fort Bragg Federal Credit Union offers loan consolidation. To use the online banking and mobile app services, you must be at least 18 years old, have a valid phone number, email address, and home address, be enrolled in online banking, and not have any charged-off loans. Additionally, other account criteria such as credit score, NSF activity/returned checks, age of accounts, and other account activity are evaluated daily to determine qualifications.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
you can apply for a loan online through Fort Bragg Federal Credit Union. They offer federally insured savings accounts, VISA debit and credit cards, car loans, and an online banking service with bill payment. Their APR and APY rates vary and are based on creditworthiness. You can contact them at 1650 Skibo Road, Fayetteville, NC 28303, or call (910) 864-2232 or (800) 793-2328. They are open Monday-Thursday from 9:00 AM-5:00 PM, Friday from 9:00 AM-6:00 PM, and Saturday from 9:00 AM-1:00 PM (Skibo Location only). Their routing number is 253 175 737.you can apply for a loan with a cosigner at Fort Bragg Federal Credit Union. Loan rates are based on creditworthiness and term of the loan, and savings are federally insured to at least $250,000. The credit union is open on Monday-Thursday 9am-5pm, Friday 9am-6pm, and Saturday 9am-1pm. The routing number is 253 175 737.
| 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? | No |
| Can I apply for a loan using a mobile app? | Yes |
| Can I apply for a loan with a cosigner? | Yes |
SmartCredit Report Example
- This is an example of what this creditor will look like on your SmartCredit report.
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 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 BRAGG 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.