What does HAPO mean on my credit report?
Learn about HAPO, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is HAPO?
HAPO is shorthand for HAPO Community Credit Union, with the company name being HAPO Community Credit Union Inc
HAPO is a 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 HAPO Community 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
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⚫ The average account balance is $4800.
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⚫ The average high credit balance is $25900.
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⚫ The typical loan duration is 54 months.
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⚫ The average credit limit is $500.
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⚫ The average monthly repayment is $100.
The account is classified under the following METRO2 categories:
- ⚫ Credit Card
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for HAPO Community Credit Union:
Address:
- 601 Williams Blvd. Richland, WA 99354
Website:
Email:
Phone:
Payments
payments can be made through a variety of ways including credit cards, debit cards, PayPal, direct bank transfers, and other payment methods. The store offers a monthly payment plan for customers who would like to spread the cost of their purchase over several months. Payment refunds can be requested by contacting the seller or service provider directly. Online payments can be made through several convenient methods, including credit cards, e-checks, PayPal and other third-party payment processing services. Most businesses offer the ability to make payments using a mobile app. Wire transfers are a secure, safe and convenient way to move money between banks, usually within a few business days.
| 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
The Bank offers loan consolidation services that can help you pay off multiple loans with a single loan. They offer competitive rates and flexible repayment terms. Loan forgiveness is available to those who qualify. To qualify for loan forgiveness, borrowers must make 120 qualifying monthly payments on their student loan and be employed in a qualifying public service job or be on an income-driven repayment plan.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
You can apply for a loan online, over the phone, or in person. Many lenders offer the convenience of applying for a loan online, with the added benefit of typically receiving a decision within minutes. You will need to provide personal information such as identification documents and income information to the lender. Additionally, you may be required to have a co-signer and/or collateral to secure the loan.
| 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.
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 HAPO 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.
