What does ABNB FCU mean on my credit report?
Learn about ABNB FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is ABNB FCU?
ABNB FCU is shorthand for mphibious Base Naval Base, with the company name being mphibious Base Naval Base
ABNB FCU is a Federal 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 mphibious Base Naval Base.
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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 $14600.
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⚫ The average monthly repayment is $200.
The account is classified under the following METRO2 categories:
- ⚫ Auto Loan
- ⚫ Collection Agency/Attorney
- ⚫ Secured
How do I contact them?
Here is the current contact details for mphibious Base Naval Base:
Address:
- 888 Brannan Street, 4th Floor San Francisco, CA 94103
Website:
Email:
Phone:
Payments
To make a payment, you can set up Direct Deposit to have your paycheck deposited into your account on payday, use the ClickSWITCH self-service tool, or call the Member Service Center. ABNB also offers the option of setting up Direct Deposit to have access to funds up to one business day earlier than their actual pay date. To get a payment refund, you can use ABNB’s ClickSWITCH self-service tool or call the Member Service Center. You can also reset your password via the Forgot Your Password link. Payments over the phone are not available. you can make payments online. Direct Deposit is the best way to securely deposit your paycheck. There are limits for transferring funds from dividend bearing deposit accounts due to Federal Regulations. ABNB offers a convenient ClickSWITCH self-service tool which allows members to set up Direct Deposit for their paycheck. Other payment options such as using a check or money order are not available. You may need to set up Direct Deposit, reset your password if you are locked out of online/mobile banking, enable your computer’s security settings, or transfer funds from dividend bearing deposit accounts. There are penalties for late or missed payments, such as fees or an increased interest rate. You can make a payment using a wire transfer. For instructions on setting up Direct Deposit, you can use the ClickSWITCH self-service tool or call the Member Service Center.
| 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? | Yes |
| 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
ABNB does not offer loan forgiveness, but they do offer loan consolidation services. To qualify for loan forgiveness, you need to set up direct deposit with your employer, reset your password if locked out of Online/Mobile Banking, have 128-bit encryption code enabled on your desktop computer and have cookies enabled. Additionally, federal regulations may limit the number of transfers that can be done each calendar month.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
ABNB offers loans that can be applied for online, over the phone, or in person. There is also a mobile app that can be used to apply for loans. Direct deposit can be set up and there is a password reset option if needed. A cosigner can be used when applying for a loan. There are federal regulations that limit the number of transfers that can be done each calendar month.
| 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 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 ABNB FCU 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.