What does TX GULF FCU mean on my credit report?
Learn about TX GULF FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is TX GULF FCU?
TX GULF FCU is shorthand for Texasgulf Federal Credit Union, with the company name being Texasgulf Federal Credit Union Inc
TX GULF 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 Texasgulf 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 $100.
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⚫ The average high credit balance is $3600.
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⚫ The average credit limit is $200.
The account is classified under the following METRO2 categories:
- ⚫ Unsecured
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for Texasgulf Federal Credit Union:
Address:
- 2101 N. Fulton St. Wharton, TX 77488
Website:
Email:
Phone:
Payments
To make a payment, customers can use a credit card, debit card, PayPal, or set up a direct debit. Most businesses provide payment refunds through their customer service department. Payments can also be made over the phone or online. Some websites offer a discount for automatic payments. Other payment options include using a check or money order. Additionally, many payment providers enable users to make payments securely and conveniently by using a mobile app. There are potential penalties for late or missed payments. Prepaid debit cards can be used to make payments. Wire transfers are also a convenient and secure way to make payments.
| 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
Citizens Bank offers loan consolidation, which allows customers to combine multiple loans into one single loan and lower their monthly payments. Loan forgiveness is an option for qualifying borrowers who have federal student loans. To qualify, borrowers must demonstrate that they have made a certain number of payments for a certain number of years, and meet other criteria, such as employment or income requirements. Additionally, borrowers must submit an application and be approved for loan forgiveness by their loan servicer.
| 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 using a mobile app is also an option. If you have a limited credit history or low income, 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 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 TX GULF 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.
