What does UTAH COMMUNITY FCU mean on my credit report?
Learn about UTAH COMMUNITY FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is UTAH COMMUNITY FCU?
UTAH COMMUNITY FCU is shorthand for Utah Community Credit Union, with the company name being Utah Community Credit Union Inc
We create long-term trusted relationships with our members by providing consistent and reliable service delivery. We are member-centered organizations, where decisions are made at every level based on what is in the best interest of the member, while ensuring a financially sound and stable organization. The philosophy that drives our team-oriented staff really is “to help members reach their financial goals.” Founded in 1995 with just $35 from their own pockets, these founders established BYU Federal Credit Union.
UTAH COMMUNITY 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 Utah 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
The account is classified under the following METRO2 categories:
- ⚫ Secured
How do I contact them?
Here is the current contact details for Utah Community Credit Union:
Address:
- 196 N West State Rd, American Fork, UT 84003
Website:
Email:
Phone:
Payments
payments can be made in several different ways. Many businesses accept credit cards, debit cards, checks, and even cash. You can also pay online through PayPal or other third-party payment processors. Wire transfers are a safe and reliable way to make payments. Wire transfers are secure and involve the transfer of money from one bank account to another. Funds are usually available within a few days and can be sent to both local and international accounts.
| 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
loan forgiveness is not offered by this organization. ABC Bank offers loan consolidation services to help its customers reorganize their debt. The bank offers a variety of loan consolidation programs designed to help customers manage their debt more efficiently and reduce their monthly payments. To qualify for loan forgiveness, borrowers must first meet their loan payment obligations for a specific period of time, such as twenty years for the Public Service Loan Forgiveness program. Borrowers must also meet certain other requirements, such as having the right kind of loan and working in a specified public service job.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
You can apply for a loan online, in person, or using a mobile app. Many lenders offer a range of loan types and easy to fill out applications. You can also apply for a loan with a cosigner. A cosigner is someone who agrees to take on the responsibility of paying off your loan if you are unable to pay it back. This can help you to get approved for a loan, since the cosigner’s good credit can make up for any deficiencies in your credit history.
| 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 UTAH COMMUNITY 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.
