What does BRAZOSPORT TEACHERS FC mean on my credit report?

Is BRAZOSPORT TEACHERS FC making an impact on your credit score?

Updated January 1, 2023

What is BRAZOSPORT TEACHERS FC?

BRAZOSPORT TEACHERS FC is shorthand for Brazosport Teachers Federal Credit Union, with the company name being Brazosport Teachers Federal Credit Union Inc

Unlike credit unions, they do not charge interest on loans, but many have minimal or no fees for basic banking operations. As member-owned and cooperatives, credit unions offer a place where people can safely store money and also lend it out to each other.

BRAZOSPORT TEACHERS FC 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 Brazosport Teachers Federal 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 $1100.

  • ⚫ The average high credit balance is $13500.

  • ⚫ The average credit limit is $300.

  • ⚫ The average monthly repayment is $300.

The account is classified under the following METRO2 categories:

  • ⚫ Credit Card
  • ⚫ Unsecured
  • ⚫ Recreational Merchandise
  • ⚫ Auto Loan
  • ⚫ Secured
  • ⚫ Secured Credit Card

How do I contact them?

Here is the current contact details for Brazosport Teachers Federal Credit Union:

Address:

  • 216 Lakeview Dr, Clute, TX 77531, United States

Website:

Email:

Phone:

Payments

Brazosport Teachers Federal Credit Union Members can pay bills online via their online account. They also offer payment options over the phone and through a mobile app. Space City Credit Union offers payment options through their website as well as over 5,000 nationwide shared branching locations. Additionally, payment options such as checks and money orders are accepted. Wire transfers are also an option for payment.

Question Answer
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

There are three main types of federal student loans: Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans. Private student loans are also available through banks and other lending institutions. You may qualify for loan forgiveness if you work in certain public service jobs, if your school closes while you’re enrolled, or if you become disabled. You can consolidate your federal student loans into a Direct Consolidation Loan through the U.S. Department of Education. This will not lower your interest rate, but it will give you a single loan with a single monthly payment.

Question Answer
Do they offer loan consolidation? No

How to Apply

To apply for a loan, you can do it online, over the phone, in person, or with a cosigner.

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

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

BRAZOSPORT TEACHERS FC 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 BRAZOSPORT TEACHERS FC 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.