What does PEEDEE FCU mean on my credit report?
Learn about PEEDEE FCU, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is PEEDEE FCU?
PEEDEE FCU is shorthand for Pee Dee FCU, with the company name being Pee Dee FCU Inc
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PEEDEE 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 Pee Dee FCU.
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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.
How do I contact them?
Here is the current contact details for Pee Dee FCU:
Address:
- 305 West Pine Street Florence, S.C. 29501
Website:
Email:
Phone:
Payments
The Pee Dee Federal Credit Union offers a variety of payment options to its customers, including online payments, monthly payment plans, automatic payments, wire transfers, and more. There are penalties for late or missed payments, which may include additional fees and an increased interest rate.
| 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
Pee Dee FCU offers loan rates, loan promotions, and a loan calculator. They encourage members to transition from mailed paper statements to online statements to help reduce expenses and protect natural resources, air, and time. Furthermore, members may elect for direct deposit to have their funds deposited immediately, set up automatic transfers and payments, and pay bills online. Pee Dee FCU offers loan consolidation and other loan services. Additionally, they offer the benefits of going paperless and provide steps to switch to paperless financial transactions and record keeping. To qualify for loan forgiveness, enroll in online access and request direct deposit to have funds deposited immediately. Switch to e-statements for all financial accounts and bills and set up automatic transfers and payments. Pay bills online and use online bill pay as part of an account with Pee Dee FCU. Monitor and reconcile all accounts.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | Yes |
| Do they offer loan consolidation? | Yes |
How to Apply
you can apply for a loan online, in person, or using a mobile app with Pee Dee Federal Credit Union. Going paperless has benefits that include protecting natural resources, air, and time while also reducing the risk of identity theft. You can enroll in online access, request direct deposit, and switch to e-statements to manage your finances. Additionally, Pee Dee offers free online billpay as part of an account. you can apply for a loan 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? | 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 PEEDEE 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.
