What does EAGLE1 CU mean on my credit report?
Learn about EAGLE1 CU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is EAGLE1 CU?
EAGLE1 CU is shorthand for Eagle One Federal Credit Union, with the company name being Eagle One Federal Credit Union Inc
EAGLE1 CU 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 Eagle One 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.
About the account
- ⚫ The average high credit balance is $30000.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
- ⚫ Unsecured
- ⚫ Auto
How do I contact them?
Here is the current contact details for Eagle One Federal Credit Union:
Address:
- 3301 Philadelphia Pike Claymont, DE 19703
Website:
Email:
Phone:
Payments
Payments can be made by credit card, debit card, bank transfer, PayPal, or other accepted payment methods. The company offers a monthly payment plan. You can request a refund for a payment by contacting the company or individual that you paid. Other payment options are available such as using a check or money order. Most banks and many other organizations provide mobile apps that allow users to make payments directly from their phones. Additionally, many customers can set up autopay options through their mobile app so they don’t have to manually make a payment each month. There are no penalties for late or missed payments.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| 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
Eagle One FCU does not offer loan forgiveness. They do offer loan consolidation. Loan forgiveness is available through a variety of programs, such as Public Service Loan Forgiveness, Temporary Expanded Public Service Loan Forgiveness, Teacher Loan Forgiveness, and Income-Driven Repayment forgiveness. To qualify, borrowers must meet certain criteria and have made payments on their loans for a certain period of time. Consult with your lender to explore the available options.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
Eagle One Federal Credit Union offers loans that can be applied for online, in person, or using a mobile app. Loans may be approved and funded within minutes. Customers have the option to apply for loans 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.
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 EAGLE1 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.
