What does COMM AM CU mean on my credit report?

Is COMM AM CU making an impact on your credit score?

Updated January 1, 2023
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What is COMM AM CU?

COMM AM CU is shorthand for CommunityAmerica Credit Union, with the company name being CommunityAmerica Credit Union Inc

The centre of our wealth management practice revolves around you, the client. We understand each person’s financial circumstances are unique, so we design a road map to help you reach your goals. We place you, the customer, at the very core of everything we do; this means that we will always put your needs first.

COMM AM 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 CommunityAmerica 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 CommunityAmerica Credit Union:

Address:

  • 10895 Lambert International Boulevard Bridgeton, MO

Website:

Email:

Phone:

Payments

There are many ways to make a payment, including online, over the phone, and through a mobile app. You can also use a prepaid debit card, wire transfer, or check/money order. There may be penalties for late or missed payments.

Question Answer
Do they offer a monthly payment plan? No
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

there are several ways to qualify for loan forgiveness. You can consolidate your loans, which will lower your monthly payments and make it easier to pay off your debt. You can also qualify for loan forgiveness by working in a public service position, or by making payments for a certain period of time.

Question Answer
Do they offer loan forgiveness? No
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 using a mobile app. You may also be able to apply for a loan 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? Yes
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.

COMM AM CU SmartCredit 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 COMM AM 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.