What does DESERT FINANCIAL mean on my credit report?

Learn about DESERT FINANCIAL, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is DESERT FINANCIAL?

DESERT FINANCIAL is shorthand for Desert Financial Credit Union, with the company name being Desert Financial Credit Union Inc

Having being operational since approximately 1883, we know that there’s more to life than just money. At Credit Unions Australia, we focus on what really counts; our members first philosophy, and there are a number of things which sets us apart from the average bank.

DESERT FINANCIAL 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 Desert Financial 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 Desert Financial Credit Union:

Address:

  • 1060 S. Watson Rd. Buckeye, AZ 85326

Website:

Email:

Phone:

Payments

Desert Financial Credit Union offers a variety of payment options, including bank routing numbers, credit cards, auto loans, home loans, personal loans, debit cards, and wires and transfers. Additionally, they offer online payments, mobile apps, and wire transfers. There are no penalties for late or missed payments.

Question Answer
Can I make payments over the phone? 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

Forgiveness and Cancellation

There are three main types of student loans in the US: federal loans, private loans, and parent PLUS loans. Federal loans offer more repayment options and forgiveness programs than private loans. You may qualify for federal loan forgiveness if you teach in a low-income school, work in certain public service jobs, or join the military. You can consolidate federal and private loans to get a lower interest rate or extend your repayment term.

Question Answer
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. You may also be able to apply for a loan using a mobile app. In some cases, you may need 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

IdentityIQ Report Example

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

DESERT FINANCIAL 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 DESERT FINANCIAL 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.