What does DEXSTA FCU mean on my credit report?
Learn about DEXSTA FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is DEXSTA FCU?
DEXSTA FCU is shorthand for DEXSTA Federal Credit Union, with the company name being DEXSTA Federal Credit Union Inc
DEXSTA 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 DEXSTA 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.
How do I contact them?
Here is the current contact details for DEXSTA Federal Credit Union:
Address:
- 110 Sandhill Drive Middletown, DE 19709
Website:
Email:
Phone:
Payments
DEXSTA Federal Credit Union offers multiple ways of making payments, including online banking, checking account deductions and credit card access. They also provide a mobile app that allows you to make payments and access your accounts. You can also make payments using a reloadable debit card or gift card. Wire transfers are also accepted.
| Question | Answer |
|---|---|
| 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? | 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 student loan forgiveness: Public Service Loan Forgiveness, Teacher Loan Forgiveness, and Perkins Loan Cancellation. Loan consolidation is when you combine multiple student loans into one loan. To qualify for Public Service Loan Forgiveness, you must make 120 qualifying monthly payments while working full-time for a qualifying employer. To qualify for Teacher Loan Forgiveness, you must teach full-time for five complete and consecutive academic years in a low-income elementary or secondary school, or educational service agency. To qualify for Perkins Loan Cancellation, you must teach in a public or nonprofit private elementary or secondary school, or a public or private nonprofit educational service agency, work in certain early childhood education programs, work as a nurse or medical technician, work in law enforcement or corrections, or work in a public library.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
All of the following methods are valid for applying for a loan: online, over the phone, in person, and using a mobile app. Applying for a loan with a cosigner is also an option.
| 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.
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 DEXSTA 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.