What does QUALSTAR CU mean on my credit report?
Learn about QUALSTAR CU, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is QUALSTAR CU?
QUALSTAR CU is shorthand for Qualstar Credit Union, with the company name being Qualstar Credit Union Inc
Credit cards can be used for many purposes-shopping online, financing cars, etc…they’re often quite sticky and tend to appear on daytime TV or very late at night.
QUALSTAR 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 Qualstar 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 $4100.
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⚫ The average high credit balance is $6600.
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⚫ The average monthly repayment is $200.
The account is classified under the following METRO2 categories:
- ⚫ Secured
- ⚫ Unsecured
- ⚫ Credit Card
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for Qualstar Credit Union:
Address:
- PO Box 3050 Bothell, WA 98041-3050
Website:
Email:
Phone:
Payments
To make a payment with Qualstar Credit Union, you can download their mobile app for iOS or Android, call 1-800-848-0018, visit a branch or ATM, or use their Home Banking service. You can also make payments using a prepaid debit card or wire transfer. There are no penalties for late or missed payments.
| 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
Qualstar does not offer loan forgiveness or consolidation. However, they offer loan forgiveness programs that have various options to apply for a loan. To qualify for loan forgiveness, you may need to meet certain eligibility criteria and requirements. To learn more, contact Qualstar Credit Union at 1-800-848-0018 or visit their website.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online, over the phone, or in person. You can also apply for a loan using a mobile app or with a cosigner.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | Yes |
| Can I apply for a loan over a phone call? | Yes |
| 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 |
SmartCredit Report Example
- This is an example of what this creditor will look like on your SmartCredit 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 QUALSTAR 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.
