What does CAL-COM CRED mean on my credit report?
Learn about CAL-COM CRED, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is CAL-COM CRED?
CAL-COM CRED is shorthand for Cal-Com FederalCreditUnion, with the company name being Cal-Com FederalCreditUnion Inc
California Table Tennis Academy was founded by Alun James “Alun” Hughes and his wife Kerryn Pratt in 1977. The school trains students from all around Australia and internationally.
CAL-COM CRED is a Creditor 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 Cal-Com FederalCreditUnion.
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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
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⚫ The average account balance is $500.
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⚫ The average high credit balance is $3800.
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⚫ The typical loan duration is 24 months.
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⚫ The average monthly repayment is $100.
The account is classified under the following METRO2 categories:
- ⚫ Secured
How do I contact them?
Here is the current contact details for Cal-Com FederalCreditUnion:
Address:
- 1401 North Virginia Port Lavaca, Texas 77979
Website:
Email:
Phone:
Payments
There are many ways to make payments, including online, over the phone, and using a mobile app. You can also use a prepaid debit card, wire transfer, or check/money order. There may be penalties for late or missed payments.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| Can I make payments online? | Yes |
| Do they offer a discount for automatic payments? | No |
| Can I make a payment using a mobile app? | No |
| Can I make a payment using a prepaid debit card? | No |
| Can I make a payment using a wire transfer? | No |
Forgiveness and Cancellation
Loan forgiveness and consolidation are available through the US government’s website. There are various qualifications that must be met in order to be eligible for forgiveness.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
Cal-Com Federal Credit Union offers online loan applications and a variety of loan options with competitive rates. Mobile banking is available for loan applications. Loans with cosigners are available.
| 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.
How do I remove CAL-COM CRED 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.