What does GOLDENWST CU mean on my credit report?

Learn about GOLDENWST CU, 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 GOLDENWST CU?

GOLDENWST CU is shorthand for Goldenwest Credit Union, with the company name being Goldenwest Credit Union Inc

Philosophy-Goldenwest exists to serve and empower our members so that they can succeed financially in their families, companies and communities. As an organisation we set strategic goals for the credit union’s strength, so that we might be a viable resource for our membership.

GOLDENWST CU 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 Goldenwest 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 average account balance is $1100.

  • ⚫ The average high credit balance is $2800.

  • ⚫ The typical loan duration is 18 months.

  • ⚫ The average credit limit is $100.

  • ⚫ The average monthly repayment is $100.

The account is classified under the following METRO2 categories:

  • ⚫ Auto Loan
  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for Goldenwest Credit Union:

Address:

  • 5025 South Adams Avenue South Ogden, UT 84403

Website:

Email:

Phone:

Payments

You can make a payment using a variety of methods, including credit cards, PayPal, and bank transfers. For more specific information, you may need to contact the payment provider of your choice directly. Many online stores and services offer payment options such as credit cards, debit cards, or PayPal. You can also use digital payment systems such as Apple Pay, Google Pay, and Venmo. Customers can pay using checks or money orders. Additionally, we offer a variety of payment methods, including PayPal, Apple Pay, and Google Pay. Modern mobile apps allow users to make payments, such as purchases and transfers. Many popular banking apps enable users to manage their accounts, such as making payments and transferring money, from their phones or tablets. Wire transfers are a secure and popular method of payment. The sender typically initiates the payment by providing the payee’s banking information to their own financial institution. The sender’s financial institution then sends the funds to the payee’s financial institution, who then deposits the funds into the payee’s account.

Question Answer
Do they offer a monthly payment plan? Yes
Can I make payments over the phone? Yes
Can I make payments online? Yes
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

Navient offers loan forgiveness and consolidation. To qualify for loan forgiveness, you must be employed by a qualifying nonprofit organization or government agency, and have made 120 payments on your Direct Loans or Direct Consolidation Loans under certain repayment plans. To consolidate your loans, you must have a Direct Consolidation Loan with Navient.

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.

GOLDENWST CU 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 GOLDENWST 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.