What does IH MS VLY CU mean on my credit report?

Updated January 1, 2023

What is IH MS VLY CU?

IH MS VLY CU is shorthand for IH Mississippi Valley Credit Union, with the company name being IH Mississippi Valley Credit Union Inc

The IHMVCO controls its own finances independently from the University of Lausanne (EPFL).

IH MS VLY 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 IH Mississippi Valley 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 account is classified under the following METRO2 categories:

• ⚫ Credit Card

How do I contact them?

Here is the current contact details for IH Mississippi Valley Credit Union:

Address:

• IHMVCU, PO Box 1010 Moline, IL 61266

Website:

• ihmvcu.org

Email:

• info@ihmvcu.org

Phone:

• 800-722-0333

Payments

Payments can be made online, in-person, or by contacting the bank by phone or chat. Payments can be sent via mail to the address provided. There is a monthly payment plan available. You can request a payment refund by filling out the Payment Relief Request form or by contacting IHMVCU by phone or in person. Payments can be made over the phone by calling 309-793-6200 or 800-722-0333 during contact center hours. You can make payments online by logging into Online Branch or by calling the phone numbers provided. There are other payment options, such as using a check or money order. You can make payments using a mobile app through Online Branch. there are penalties for late or missed payments, such as the payment reflecting as two payments due until the current payment posts, and fees that may be assessed. You can make a payment using a prepaid debit card. You can make a payment using a wire 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

they do not offer loan forgiveness or consolidation. You can qualify for loan forgiveness by submitting a Payment Relief Request form and providing proof of income, as well as a state or government issued photo ID and legal proof of name change if applicable.

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 can also apply for a loan using a mobile app. You can apply for a loan with or without a cosigner.

Question	Answer
Can I apply for a loan online?	Yes
Can I apply for a loan over a phone call?	Yes
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 IH MS VLY 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.

• Sample Equifax Dispute Letter
• Sample Experian Dispute Letter
• Sample TransUnion Dispute Letter