What does USF FCU mean on my credit report?
Learn about USF FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is USF FCU?
USF FCU is shorthand for USE Credit Union, with the company name being USE Credit Union Inc
USF FCU is a Federal 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 USE Credit Union.
-
⚫ You opened a credit card / loan / mortgage with this company.
-
⚫ Someone fraudulently opened a credit line under your name.
About the account
-
⚫ The average account balance is $11000.
-
⚫ The average high credit balance is $28000.
-
⚫ The average monthly repayment is $300.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
- ⚫ Auto
- ⚫ Credit Card
How do I contact them?
Here is the current contact details for USE Credit Union:
Address:
- 10175 RANCHO CARMEL DRIVE SAN DIEGO, CA 92128
Website:
Email:
Phone:
Payments
Skip offers a variety of payment options including online/mobile banking, Zelle, and mobile wallet. There are no penalties for late or missed payments, but there may be fees associated with specific accounts and services. Wire transfer is also an option but with an associated fee.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| 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
American Financial Solutions does not offer loan forgiveness. They do offer loan consolidation services and free consultations to help customers lower their payments. Qualifications for loan forgiveness through American Financial Solutions include being employed by a qualifying employer, being in a qualifying repayment plan, and making the required number of payments. Some programs may also require the borrower to meet certain criteria related to their occupation or income level.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
Skip offers various loan types that can be applied for online or through their mobile app. There is a Fee Schedule (PDF) that outlines associated fees with accounts and services. For some loan types, a cosigner may be necessary.
| 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? | No |
| 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 USF 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.