What does HOCKLEY CNTY SCHOOL EC mean on my credit report?
Learn about HOCKLEY CNTY SCHOOL EC, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is HOCKLEY CNTY SCHOOL EC?
HOCKLEY CNTY SCHOOL EC is shorthand for Hockley County School Employees CU, with the company name being Hockley County School Employees CU Inc
The Hockley Valley High School is a secondary school in East Hanningfield, England. It forms part of the education authority North Hertfordshire Education Authority.
HOCKLEY CNTY SCHOOL EC 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 Hockley County School Employees CU.
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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.
How do I contact them?
Here is the current contact details for Hockley County School Employees CU:
Address:
- 504 Clubview Dr. Levelland Texas 79336
Website:
Email:
Phone:
Payments
To make a payment, you can fax or email a loan application to HCSECU and then set up payroll deductions or use direct deposit for payments. You can also apply for direct deposit, which is free to all participating HCSECU members. Payments can be made using a mobile app through the HCSECU website, which offers Direct Deposit and online banking services. There are 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? | Yes |
Forgiveness and Cancellation
they do not offer loan forgiveness or consolidation. To apply for a loan, borrowers must complete an Loan Application, which can be obtained from the website or faxed upon request. Forms to change payroll deduction and add/remove joint members can be found on the website. Direct Deposit can be applied for by speaking with a Member Service Representative and is free for all participating HCSECU members.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
It is possible to apply for a loan online, over the phone, or in person. All that is required is a completed loan application, which can be obtained from the website or by fax. There is no membership time requirement to qualify for a loan. Adding or removing a joint member from an account requires the agreement of all joint members, or the account must be closed and remaining members can open a new account. Payroll deduction change forms are available from the employer or from the HCSECU website. Direct deposit is a convenient, safe and time-saving service offered for free to all participating HCSECU members.
| 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? | No |
| Can I apply for a loan using a mobile app? | No |
| 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 HOCKLEY CNTY SCHOOL EC 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.
