What does UNITY CATHOL mean on my credit report?
Learn about UNITY CATHOL, an federal credit union offering loans for financial assistance. Check the impact to your credit report and financial status.
What is UNITY CATHOL?
UNITY CATHOL is shorthand for Unity Catholic FCU, with the company name being Unity Catholic FCU Inc
The Unity Catholic Federal Credit Union is accessible to all parishioners, students and employees of the Roman Catholic Diocese of Cleveland and the Eparchy of Parma.
UNITY CATHOL 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 Unity Catholic 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 Unity Catholic FCU:
Address:
- 5839 Ridge Road Parma, OH 44129
Website:
Email:
Phone:
Payments
Unity Catholic FCU offers various loan and deposit rates and allows members to open an account, apply for a loan or credit card, make a payment, and reorder checks. Monthly payment plans are available for vehicle and personal loans, as well as low rates and APYs on term shares, credit cards, and other financial products.Payments can be made online, over the phone, or through a mobile app. There are penalties for late or missed payments, which vary depending on the loan or account type. Wire transfers are also an option for making payments.
| 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
Unity Catholic FCU does not offer loan forgiveness. However, they do offer loan consolidation, with rates as low as 8.99% APR*. To qualify for loan forgiveness, you must become a member of Unity Catholic Federal Credit Union and meet their eligibility requirements. Rates vary based on the type of loan, with APR ranging from 4.99% to 11.99%.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | Yes |
How to Apply
you can apply for a loan online, over the phone, or in person through Unity Catholic Federal Credit Union. They offer a range of loan products with competitive rates as low as 4.99% APR for vehicle loans, 8.99% APR for personal loans, and 11.99% APR for credit cards. Additionally, term share certificates offer an APY of 3.55% with $500 new money.
| 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 UNITY CATHOL 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.