What does JSC FED CRED UNION mean on my credit report?
Learn about JSC FED CRED UNION, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is JSC FED CRED UNION?
JSC FED CRED UNION is shorthand for Wellby, with the company name being Wellby Inc
We place our members first, always. Members own accessible community member owned wellby is a non-profit financial institution owned by our members. Wellbeing membership benefits Lower Interest Rates Save money with lower interest rates on Loans, Mortgages and Credit Cards Personalized services Whenever you’re on your financial journey, our accounts are designed to suit your needs. Deposit growth With competitively low interest rates on deposits, your money can grow faster
JSC FED CRED UNION 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 Wellby.
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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 $5800.
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⚫ The average high credit balance is $21500.
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⚫ The average monthly repayment is $300.
The account is classified under the following METRO2 categories:
- ⚫ Unsecured
- ⚫ Recreational Merchandise
- ⚫ Auto Loan
How do I contact them?
Here is the current contact details for Wellby:
Address:
- 1330 Gemini St Houston, TX 77058, USA
Website:
Phone:
Payments
Wellby offers several options for making payments, including online, through the Wellby Online Payment Center. Wire transfers are also an option. There are no 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? | Yes |
Forgiveness and Cancellation
they do not offer loan forgiveness or consolidation. qualifications cannot be provided by this summarization engine.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online, using a mobile app, or with a cosigner.
| 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 JSC FED CRED UNION 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.