What does KEYPOINT CREDIT UNION mean on my credit report?
Learn about KEYPOINT CREDIT UNION, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is KEYPOINT CREDIT UNION?
KEYPOINT CREDIT UNION is shorthand for KeyPoint Credit Union, with the company name being KeyPoint Credit Union Inc
Our goal is to provide members’ financial wellbeing by offering them favorable solutions, and are committed to uphold three main values:
KEYPOINT CREDIT UNION 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 KeyPoint 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 high credit balance is $28000.
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⚫ The typical loan duration is 68 months.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for KeyPoint Credit Union:
Address:
- 2805 Bowers Avenue, Santa Clara, CA 95051
Website:
Email:
Phone:
Payments
Payments can be made in a number of ways including online payment options, direct deposit, wire transfers, and using payment apps. You can also pay for all their services on a monthly basis. If you need to request a refund, contact the merchant. Payments can also be made over the phone and using a variety of payment systems online. There are no discounts for automatic payments. Checks and money orders are also accepted. Some mobile app payment methods include Apple Pay, Google Pay, PayPal, and Venmo. Late or missed payments can result in a drop in credit score, late fees, and being sent to collections. Prepaid debit cards can also be used to make payments. Wire transfers are an electronic method of transferring money from one account to another and are often used for 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? | 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
There are three main types of federal student loans: - Direct Subsidized Loans: for students with financial need - Direct Unsubsidized Loans: for students without financial need - Direct PLUS Loans: for graduate or professional students, and parents of dependent undergraduate students Loan consolidation is when you combine multiple federal student loans into a single loan. You might want to consolidate your loans if you want to: - Get a lower monthly payment - Lock in a fixed interest rate - Qualify for loan forgiveness or discharge Loan forgiveness is when you are no longer responsible for repaying some or all of your loan. You might be eligible for loan forgiveness if you: - Work for a qualifying public service organization - Serve in a AmeriCorps or Peace Corps position - Have a Direct Loan that is in the William D. Ford Federal Direct Loan (Direct Loan) Program
| Question | Answer |
|---|---|
| Do they offer loan consolidation? | Yes |
How to Apply
You can apply for a loan online, over the phone, or in person. You may also be able to apply for a loan using a mobile app. You may 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.
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 KEYPOINT CREDIT UNION 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.
