What does HRT’TX FCU mean on my credit report?

Learn about HRT’TX FCU, an federal 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 HRT’TX FCU?

HRT’TX FCU is shorthand for Heart O' Texas Federal Credit Union, with the company name being Heart O' Texas Federal Credit Union Inc

The Heart of Dallas, TX is located at 3300 N. Lamar Street in Arlington, TX 74832.

HRT’TX FCU 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 Heart O’ Texas 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 average high credit balance is $5400.

  • ⚫ The typical loan duration is 30 months.

How do I contact them?

Here is the current contact details for Heart O’ Texas Federal Credit Union:

Address:

  • 7500 Imperial Drive Waco, Texas 76712

Website:

Email:

Phone:

Payments

You can make payments with a credit card, debit card, or PayPal. Some methods may require a processing fee, so it is important to check before making a payment. They offer a monthly payment plan for customers who want to spread out the cost of their purchase. You can get a payment refund by submitting a request to the merchant who processed the payment. Make sure to include your order number, the payment method used, and a description of why you are requesting a refund. Most companies offer payment options that allow you to pay for services or products over the phone using a credit or debit card. Additionally, many companies offer automated phone payment systems which allow customers to pay quickly and securely. Mobile apps offer a convenient way to make payments. Many online banks, retailers, and payment processors have their own mobile app that allows users to securely make payments from their mobile device. Some apps even have features that allow users to easily set up recurring payments. Missing or making late payments can result in late fees, increased interest rates, and other penalties. Prepaid debit cards are a great way to manage your finances and make payments. They are accepted by most merchants and provide you with the convenience of being able to pay for items without cash. Wire transfers are a secure and convenient way to send money from your bank account to another person or business. It typically takes 1-2 business days for the funds to transfer.

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 website offers loan forgiveness and consolidation. To qualify for loan forgiveness, you must have made 120 payments on time while employed full time by a qualifying employer.

Question Answer
Do they offer loan consolidation? Yes

How to Apply

There are many ways to apply for a loan. You can apply for a loan online, over the phone, in person, or using a mobile app. You may also be able to apply for a loan with 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.

HRT'TX FCU 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 HRT’TX 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.