What does OR COMM CU mean on my credit report?
Learn about OR COMM CU, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is OR COMM CU?
OR COMM CU is shorthand for Oregon Community Credit Union, with the company name being Oregon Community Credit Union Inc
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OR COMM 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 Oregon Community 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 $8900.
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⚫ The average high credit balance is $19400.
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⚫ The average monthly repayment is $200.
The account is classified under the following METRO2 categories:
- ⚫ Auto
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for Oregon Community Credit Union:
Address:
- P.O. Box 77002 Springfield, OR 97475-0146
Website:
Email:
Phone:
Payments
OCCU provides its members with a variety of payment options, including the ability to make payments over the phone, online, or through a mobile app. Payments can also be made using a prepaid debit card or wire transfer. There are penalties for late or missed payments, which vary depending on the type of product or service.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| 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. To qualify for loan forgiveness, there are no specific qualifications. However, you can use the loan to fund a degree at a nonprofit, four-year public or private higher education institution, and you can borrow up to $50,000 from OCCU over your entire education career.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
OCCU offers a wide range of personal, business, and investment services, as well as notary services. Members can apply for a loan in person or with a cosigner. They can also contact OCCU for help with their membership and accounts, or to order checks for a checking account. You can also manage your credit card payments and find information about loan payoffs for mortgages and HELOCs.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | No |
| 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? | No |
| 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 OR COMM 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.
