What does TES REGIONAL HEALTHCAR mean on my credit report?

Updated January 1, 2023

What is TES REGIONAL HEALTHCAR?

TES REGIONAL HEALTHCAR is shorthand for Tes Regional Healthcare FCU, with the company name being Tes Regional Healthcare FCU Inc

Regulus TES Regional Healthcare Federal Credit Union, belonging to the membership, is committed to the healthcare field in eight Louisiana parishes. Federally chartered credit unions are regulated by the National Credit Union Administration (NCUA), an independent government agency, and its board members are nominated by the president and confirmed by the United States Senate. NCUA oversees the federal insurance fund (NCUSIF), which covers all federal credit unions; no US tax dollars fund these activities, however, because all operations of NCUA and the NCUSIF are financed by credit unions.

TES REGIONAL HEALTHCAR is a Federal Credit Union provider. They could be on your report for a number of reasons, for example:

• ⚫ You missed a repayment.

• ⚫ You opened an account with Tes Regional Healthcare FCU.

• ⚫ You opened a credit card / loan / mortgage with this company.

• ⚫ Someone fraudulently opened a credit line under your name.

About the account

The account is classified under the following METRO2 categories:

• ⚫ Auto
• ⚫ Secured

How do I contact them?

Here is the current contact details for Tes Regional Healthcare FCU:

Address:

• 2050 Line Ave, Shreveport, LA 71104, United States

Website:

• tesfcu.org

Email:

• mail@tesfcu.org

Phone:

• 318-222-0300

Payments

There are many ways to make payments, including debit/credit cards, PayPal, Apple Pay, Google Pay, and more. You can also make monthly payments, and get refunds if needed. Payments can be made over the phone or online. There may be penalties for late or missed payments. You can also use a prepaid debit card or wire transfer to make a payment.

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?	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

loan forgiveness is not offered. ABC Financial Services offers loan consolidation services. They can help you manage your debt by consolidating multiple loans into one payment with flexible terms. Loan forgiveness is available to borrowers who meet the qualifications established by the lender, which may include making a certain number of payments on the loan, having an adequate repayment history, and meeting other criteria set by the lender. Additionally, some borrowers may qualify for loan forgiveness programs offered by the federal government or their state, such as the Public Service Loan Forgiveness Program.

Question	Answer
Do they offer loan forgiveness?	No
Do they offer loan consolidation?	Yes

How to Apply

Most lenders offer online loan applications, allowing you to apply for a loan quickly and conveniently from the comfort of your own home. Banks and lenders require an in-person meeting or an online application to verify your identity and assess your financial situation before granting a loan. Many banks and lenders now offer loan applications through mobile apps. You can also 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

SmartCredit Report Example

• This is an example of what this creditor will look like on your SmartCredit 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 TES REGIONAL HEALTHCAR 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.

• Sample Equifax Dispute Letter
• Sample Experian Dispute Letter
• Sample TransUnion Dispute Letter