What does UNV1CU mean on my credit report?
Learn about UNV1CU, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is UNV1CU?
UNV1CU is shorthand for U1, with the company name being U1 Inc
Universal 1 Credit Union (U1) is a non-profit financial institution which exists to foster personal, economic and social welfare. We will empower your financial lifestyle by creating the best possible experience. Beyond “What You Expect”, we present: Beyond what you expected" is the word that pops up often, because we always make sure that a financial institution really cares for you as a person and masterfully manages your money. See who else loves U1 as much as you here!
UNV1CU 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 U1.
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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 U1:
Address:
- Zane Plaza, Suite 47A 1080 North Bridge Street Chillicothe, Ohio 45601
Website:
Email:
Phone:
Payments
You can make payments with U1 using online and mobile banking services, a prepaid debit card, or wire transfer. 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? | 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
U1 does not offer loan forgiveness or consolidation. To manage student loan debt efficiently after college, determine your monthly income and expenses, continue your college lifestyle, avoid additional debt, and earn more money.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
U1 offers loan applications both online and in person. A cosigner may be necessary.
| 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.
How do I remove UNV1CU 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.