What does VYSTAR CU mean on my credit report?
Learn about VYSTAR CU, an credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is VYSTAR CU?
VYSTAR CU is shorthand for VyStar Credit Union, with the company name being VyStar Credit Union Inc
VYSTAR 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 VyStar 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
- ⚫ Collection Agency/Attorney
- ⚫ Unsecured
- ⚫ Auto Loan
- ⚫ Credit Card
- ⚫ Auto
How do I contact them?
Here is the current contact details for VyStar Credit Union:
Address:
- P.O. Box 45085. Jacksonville, FL 32232-5085
Website:
Email:
Phone:
Payments
You are able to make payments through Online Banking and the VyStar mobile app, as well as link your VyStar account to QuickBooks, Quicken, and Intuit Mint. There is no discount for automatic payments. Late or missed payments may incur a penalty 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
they do not offer loan forgiveness. VyStar accounts can be linked to QuickBooks, Quicken, and Intuit Mint and offer loan consolidation. To get started, navigate to the login page or open the VyStar Mobile app, select Enroll in Online Banking, fill out your Member Information, accept terms and create a new username and password. Mobile app users will be prompted to set up biometrics for added security. Once these steps are completed, an email will confirm successful enrollment and users can download transaction history using all Intuit services.
| 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 through VyStar. New members must enroll through the login page or mobile app, and existing members can change their username and password. VyStar accounts can be linked to QuickBooks, Quicken and Intuit Mint.
| 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 VYSTAR 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.