What does ENBRIGHT CU FKA ESCU mean on my credit report?

Learn about ENBRIGHT CU FKA ESCU, 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 ENBRIGHT CU FKA ESCU?

ENBRIGHT CU FKA ESCU is shorthand for Enbright Credit Union, with the company name being Enbright Credit Union Inc

An bank that is trusted since 1951 by thousands of people began as Electric Services Credit Union. On November 30th, 1951, Enbright Credit Union was established in Nashville. Today, anyone living, working or worshipping in Davidson, Rutherford or Sumner counties can join this credit union

ENBRIGHT CU FKA ESCU 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 Enbright 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 Enbright Credit Union:

Address:

  • P.O. Box 140030 Nashville, TN 37214

Website:

Email:

Phone:

Payments

You can make payments online, over the phone, or using a mobile app. There is a discount for automatic payments. You can also make payments using a check, money order, prepaid debit card, or wire transfer. 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? 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? No

Forgiveness and Cancellation

Perkins and Stafford Loans are the only federal student loans eligible for loan forgiveness. To qualify, you must be employed full-time in a public service job or nonprofit organization and make 120 qualifying monthly payments. Loan consolidation is available through the federal Direct Loan Consolidation program and can make your monthly payments more manageable. You may lose some benefits if you consolidate, so make sure to weigh your options carefully.

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 can also apply for a loan using a mobile app. If you have a cosigner, they may also be able to help you with your loan application.

Question Answer
Can I apply for a loan online? No
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? No
Can I apply for a loan with a cosigner? No

IdentityIQ Report Example

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

ENBRIGHT CU FKA ESCU 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 ENBRIGHT CU FKA ESCU 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.