What does CHAMPION CU mean on my credit report?
Learn about CHAMPION CU, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is CHAMPION CU?
CHAMPION CU is shorthand for
Champion Credit Union, with the company name being
Champion Credit Union Inc
Seven workers at the Champion Paper Fiber Company combined to start Champion Credit Union, which became known today as Champion Credit Unions. We offer the same high quality products and services as a credit union, but instead own them directly by our members, rather than having them managed by stockholders.
CHAMPION 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 Champion 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 account is classified under the following METRO2 categories:
- ⚫ Secured
How do I contact them?
Here is the current contact details for Champion Credit Union:
- 1615 4 Seasons Blvd, Hendersonville, NC 28792, United States
To make a payment, Champion Credit Union offers payments through their website as well as credit cards, auto loans, mortgage loans and business loans. You cannot get a payment refund through Remote Deposit Capture. To ensure the photo of your check is accepted, follow the instructions provided on the Remote Deposit Capture page, including signing and endorsing the back of the check with “FOR MOBILE DEPOSIT ONLY AT CHAMPION CREDIT UNION.” If your check does not process, you should mark it as “VOID” and destroy it. Champion Credit Union offers online payments. they do not offer a discount for automatic payments. there are no other payment options, such as using a check or money order. you cannot make a payment using a mobile app. there are no penalties for late or missed payments.
|Do they offer a monthly payment plan?||No|
|Can I make payments over the phone?||No|
|Can I make payments online?||Yes|
|Do they offer a discount for automatic payments?||No|
|Can I make a payment using a mobile app?||No|
|Can I make a payment using a prepaid debit card?||No|
|Can I make a payment using a wire transfer?||No|
Forgiveness and Cancellation
There are three types of student loan forgiveness programs: 1) Loan Forgiveness for Teachers 2) Loan Forgiveness for Public Service Employees 3) Income-Driven Repayment Forgiveness. You can consolidate your loans to make your monthly payments more manageable. To qualify for loan forgiveness, you must have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
|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. Applying for a loan with a cosigner is also an option.
|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?||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.
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 CHAMPION 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.