What does UNITED HERITAGE CU mean on my credit report?

Updated January 1, 2023

What is UNITED HERITAGE CU?

UNITED HERITAGE CU is shorthand for United Heritage Credit Union, with the company name being United Heritage Credit Union Inc

With low interest rates and personalized service, we are here to make financing your home as simple as possible. Apply today to explore your mortgage loans opportunities. The cash deposit that you pay up front when buying a house.

UNITED HERITAGE CU is a Credit Union provider. They could be on your report for a number of reasons, for example:

• ⚫ You missed a repayment.

• ⚫ You opened an account with United Heritage Credit Union.

• ⚫ You opened a credit card / loan / mortgage with this company.

• ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for United Heritage Credit Union:

Address:

• P.O. Box 202020 Austin, Texas 78720

Website:

• uhcu.org

Email:

• memberassist@uhcu.org

Phone:

• 512) 837-9236

Payments

Payments can be made in various ways including online, through mobile banking, over the phone, and using a prepaid debit card. Wire transfer is also an option. Some payments may incur penalties.

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, but they offer loan consolidation including auto loans, home loans, personal loans and credit cards, as well as other helpful loan tools such as auto loan calculators, mortgage calculators and pre-qualification processes. To qualify for loan forgiveness, you will need to complete the pre-qualification process, which can take up to an hour depending on the complexity of your situation. Additionally, the timing of disbursed funds depends on the type of loan – purchase loans and non-owner occupied refinances often fund the same day as closing, while primary residence refinances and home equity loans have a 3 day waiting period prior to disbursement.

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. Applying for a loan using a mobile app is also an option. The pre-qualification process can be completed quickly and the disbursal of funds depends on the type of loan. Home Equity Lines of Credit have advantages such as potential tax deductions and access to funds as needed. 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?	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

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 UNITED HERITAGE 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.

• Sample Equifax Dispute Letter
• Sample Experian Dispute Letter
• Sample TransUnion Dispute Letter