What does NUTMG ST FCU mean on my credit report?
Learn about NUTMG ST FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is NUTMG ST FCU?
NUTMG ST FCU is shorthand for Nutmeg State Financial Credit Union, with the company name being Nutmeg State Financial Credit Union Inc
As part of the philosophy “returning profit” we offer excellent rates, programs, service and much more! Since its foundation in 1936, NSFCU has become one of the most important and pioneering credit unions in America.You will remain a member of the Credit Union until you maintain a $5 monthly saving account.
NUTMG ST 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 Nutmeg State Financial 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 $7500.
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⚫ The typical loan duration is 38 months.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
- ⚫ Unsecured
How do I contact them?
Here is the current contact details for Nutmeg State Financial Credit Union:
Address:
- 250 Barnum Avenue Cutoff Stratford, CT 06615
Website:
Email:
Phone:
Payments
Nutmeg State FCU offers online loan payments, mobile banking, card manager app, and more for making payments. they do not offer a monthly payment plan. contact the store or service provider to request a refund. They may use a return or exchange policy, or they may be able to provide a refund directly. Contacting customer service should be the first step in requesting a refund. payments cannot be made over the phone. other payment options such as using a check or money order are available. there may be penalties for late or missed payments, such as a fee or an increase in interest rates.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| 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
loan forgiveness is not currently offered by this organization. Qualifying for loan forgiveness typically requires meeting certain criteria based on the type of loan being forgiven. For example, requirements for loan forgiveness for Auto Loans, Home Equity Loans, Mortgage Loans and Personal Loans may include making on-time payments for a certain number of years, working in a certain profession or for a qualifying employer, or meeting other special eligibility requirements.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online, in person, or using a mobile app at Nutmeg State FCU. You can also 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 NUTMG ST 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.