What does WYOCHEM FEDERAL CR UN mean on my credit report?

Learn about WYOCHEM FEDERAL CR UN, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
Header image

What is WYOCHEM FEDERAL CR UN?

WYOCHEM FEDERAL CR UN is shorthand for Wyochem Federal Credit Union, with the company name being Wyochem Federal Credit Union Inc

WYOCHEM FEDERAL CR UN 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 Wyochem Federal 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 high credit balance is $2100.

How do I contact them?

Here is the current contact details for Wyochem Federal Credit Union:

Address:

  • 110 Commerce Dr, Green River, WY 82935, United States

Website:

Email:

Phone:

Payments

Customers can make payments using various methods including credit and debit cards, checks, money orders, and wire transfers. Most companies offer payment refunds under certain conditions, and payments can be made over the phone or online. Some businesses offer a discount for customers who set up automatic 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
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 company. Our company offers loan consolidation to help make managing your debts easier. We provide our customers with the option of combining multiple loans into one low, monthly payment. This can reduce your overall interest rate and simplify your budget. loan forgiveness is possible for certain loans. Generally, student loan borrowers must meet certain criteria, such as making 120 consecutive payments and being employed by a qualifying employer, to qualify for loan forgiveness. Depending on the type of loan and other factors, there are different ways to qualify for loan forgiveness.

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. You may be able to find a more competitive rate by shopping around and comparing different loan providers. A cosigner is a person who agrees to pay the loan if you fail to do so.

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.

WYOCHEM FEDERAL CR UN 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 WYOCHEM FEDERAL CR UN 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.