What does MIDSOUTH FCU mean on my credit report?
Learn about MIDSOUTH FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is MIDSOUTH FCU?
MIDSOUTH FCU is shorthand for MidSouth Community Federal Credit Union, with the company name being MidSouth Community Federal Credit Union Inc
Starting a relationship with us offers you a lifelong benefit of advantages over competitors. At MidSouth Community Federal Credit Union our membership eligibility is unlimited
MIDSOUTH 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 MidSouth Community 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 $600.
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⚫ The average high credit balance is $800.
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⚫ The typical loan duration is 4 months.
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⚫ The average credit limit is $600.
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⚫ The average monthly repayment is $100.
The account is classified under the following METRO2 categories:
- ⚫ Secured
- ⚫ Credit Card
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for MidSouth Community Federal Credit Union:
Address:
- 375 Hammock Road, N.W. Milledgeville, GA 31061
Website:
Email:
Phone:
Payments
payments can be made online using a debit or credit card, PayPal, or Apple Pay. You can also make a payment over the phone or by mail with a check or money order. Most companies will provide a refund if you contact them and explain the situation. Generally, you can contact the company directly and ask for a refund or you can contact your bank or credit card company who processed the payment and they should help you request a refund. Online payments are secure and convenient, and can be done in a matter of seconds. Many banks have apps available for customers to make payments electronically, as well as third-party applications that allow users to securely transfer money. Wire transfers are a secure method of payment that allows customers to quickly and securely transfer funds from one bank account to another.
| 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 company does not offer loan forgiveness. However, they do offer loan consolidation services to students who need help managing their debt. Loan forgiveness may be available for certain qualifying loans, including Direct Loans, Federal Family Education Loans (FFEL), and Perkins Loans. To qualify, borrowers must meet certain eligibility criteria, such as having a specific employment position or income, and must have made 120 qualifying payments on their loan. Borrowers should contact their loan servicer to discuss their eligibility.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
It is possible to apply for a loan online, over the phone, or in person. Applying for a loan usually requires submitting an application as well as providing supporting documents. It is also possible 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 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 MIDSOUTH 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.
