What does GAHERFCU mean on my credit report?

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

Updated January 1, 2023
Header image

What is GAHERFCU?

GAHERFCU is shorthand for Gather Federal Credit Union, with the company name being Gather Federal Credit Union Inc

GAHERFCU is a Federal 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 Gather Federal Credit Union.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

The account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for Gather Federal Credit Union:

Address:

  • 4493 Pahee St Lihue, HI 96766

Website:

Email:

Phone:

Payments

making a payment is a simple process. Customers can choose to pay in full or pay in monthly installments that are due on the same date each month. To initiate a refund, contact the company or retailer. Payments can be made over the phone or online through a variety of methods, such as credit or debit card, PayPal, or bank transfer. There are other payment options available, such as using a check or money order. Mobile applications that allow users to pay for goods and services, transfer money, and manage their finances securely are also an option. There are penalties for late or missed payments, which may include late fees, additional interest charges, and a lower credit score. Prepaid debit cards operate just like regular debit cards and allow you to use the funds you have already loaded onto them to make purchases. Wire transfers are another method of payment that involves transferring money electronically from one financial institution to another.

Question Answer
Do they offer a monthly payment plan? Yes
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

San Diego Credit Union offers loan consolidation services. Their loan consolidation program helps you combine multiple loans into one monthly payment, so you can save on interest and pay off debt quicker. Loan forgiveness is available to borrowers who have made 120 qualifying payments on their student loan. To qualify, borrowers must be on an income-driven repayment plan, have made payments for 10 years, and meet other eligibility requirements.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? Yes

How to Apply

You can apply for a loan in person, by phone, or online. Applying for a loan using a mobile app is also an option. If you’re looking to apply for a loan with a cosigner, that is also possible.

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.

GAHERFCU 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 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 GAHERFCU 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.