What does HIGHMARK FCU mean on my credit report?
Learn about HIGHMARK FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is HIGHMARK FCU?
HIGHMARK FCU is shorthand for Highmark Federal Credit Union, with the company name being Highmark Federal Credit Union Inc
Mission Statement: We offer high-quality financial services to help our members achieve their financial goals. Service promises: We will serve you in a focused, energetic and competent manner; we will be knowledgeable, prompt and accurate about your request. You will receive the respect due any member
HIGHMARK FCU 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 Highmark 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
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⚫ The average account balance is $5600.
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⚫ The average high credit balance is $8200.
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⚫ The typical loan duration is 40 months.
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⚫ The average monthly repayment is $200.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for Highmark Federal Credit Union:
Address:
- 309 W Jackson Blvd Spearfish, SD 57783
Website:
Email:
Phone:
Payments
you can make a payment by using a debit or credit card, or by setting up an automatic payment. Additionally, you can also use an online payment service or send a check or money order. The company offers a monthly payment plan. They provide several options to customers, including automatic payments, one-time payments, and installment plans. Customers can choose the best payment plan to fit their budget and needs. To get a payment refund you need to contact the merchant or payment provider and submit a refund request. Depending on the payment provider and merchant, you may be able to submit a refund request online or you may need to contact them by phone or email. Each merchant and payment provider will have different refund policies, so it is important to check their terms and conditions. Many businesses accept phone payments, and some even offer additional discounts for payment options like this. Mobile payments can easily be made using a mobile app. Apps allow users to store their payment information, such as credit and debit cards, and make payments quickly and securely. Prepaid debit cards are a convenient and secure payment option as they are accepted anywhere credit or debit cards are accepted, have a set spending limit, and eliminate the risk of overdraft fees. Wire transfers are a secure way of sending money electronically from one party to another. They are often used when making large payments such as mortgages, business payments, or international payments.
| 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? | 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
Loan forgiveness is not offered by this company. The Acme Bank offers loan consolidation services to help people manage their multiple loan payments. loan forgiveness is available in certain circumstances. To qualify, you must meet certain requirements related to the type of loan you have, the repayment plan you are on, and your current employment or income.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
There are several ways to apply for a loan, including online, in person, and through a mobile app. Many financial institutions offer more than one option to make the process more convenient for borrowers. In some cases, a cosigner may be necessary to qualify for a loan or get a better interest rate.
| 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 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 HIGHMARK FCU 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.
