What does MUTAL SVG CU mean on my credit report?
Learn about MUTAL SVG CU, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is MUTAL SVG CU?
MUTAL SVG CU is shorthand for Mutual Savings Credit Union, with the company name being Mutual Savings Credit Union Inc
If you join the Credit Union, you will be a member-owner of a very unique financial institution. Dividends earned are paid back to you in the form of low interest rate on deposits andcompetitively higher returns on investments.
MUTAL SVG CU 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 Mutual Savings 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.
How do I contact them?
Here is the current contact details for Mutual Savings Credit Union:
Address:
- 10 Peachtree Place, NE Atlanta, GA 30309
Website:
Email:
Phone:
Payments
You can make payments online, by phone, or in person. To make an online payment, you need to first register an account and then add a payment method. To pay by phone, call the customer service number to make the payment. To pay in person, you need to visit the physical store or bank branch. we offer a monthly payment plan to spread out larger payments over several months. All payment plans require an initial down payment and are subject to approval. contact the store or vendor you made the payment to in order to request a refund. Be sure to have your payment and transaction information ready. other payment options such as using a check or money order are available. Many retailers accept prepaid debit cards for payments. Prepaid debit cards are often linked to major payment networks, such as Visa or Mastercard, and are accepted by most stores. Additionally, some retailers may also offer their own prepaid debit cards that can be loaded with funds and used to make payments. Wire transfers are a popular choice for larger payments, as they offer a secure and efficient way to send money.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| Can I make payments over the phone? | Yes |
| Can I make payments online? | Yes |
| 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, the user must make 120 qualifying monthly payments. For loan consolidation, the user must have a Direct Consolidation Loan.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| 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 MUTAL SVG 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.