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Should You Pay for Credit Repair Services

Should You Pay for Credit Repair Services? Probably Not.
 
Call it a coincidence. Call it savvy marketing. Whatever you call it, there always seems to be a spike in credit repair advertisements around the time the first Christmas shopping bills arrive. Maybe you’re staring wide-eyed at a balance that’s higher than you expected, wondering how you’re even going to keep up with the minimum payments. This kind of uncertainty can the stage for bad decisions. So, before you scramble and sign-up for credit repair services, take a deep breath and realize you have more control than you think.  

Risk vs. Reward: Is credit repair worth the cost? 

It’s important to remember that some credit repair services are legitimate businesses, able to follow through on their claims. Unfortunately, the reputable companies reside in a corporate landscape littered with scam artists and opportunists. If you’re willing to devote enough time and research, it’s possible to separate the upstanding services from the scams, but as NerdWallet columnist Liz Weston points out, “If you’re able to do that kind of research, then you can certainly figure out credit repair and do it yourself.”
 
While the trustworthy credit repair companies aren’t necessarily too good to be true, there’s a good chance they’re too costly to be worth it. When you consider that many of these services charge monthly fees ranging from $30-$100, the boost in your credit rating may not justify the ongoing expense.  

Facing credit challenges? Your credit union can help.

Good credit isn’t the result of tricks and trade secrets. It’s established by applying solid financial habits over time. The same holds true for credit repair. While it there may be some additional steps required to clean up your credit report, rebuilding good credit requires a consistent commitment to responsible money management.

Credit unions exist to ensure the financial success of their members. Educating people on proper credit management is part of that mission. If you’re drowning in debt and struggling to regain your financial footing, your credit union could be the lifeline you’re looking for. While they may not advertise it, many credit unions offer free credit counseling for their members. Discussing your current challenges with one of the credit union’s representatives can be the first step towards putting those struggles behind you. 
Repairing damaged credit is no walk in the park. But with a little hard work and dedication and the guidance of your credit union’s financial professionals, you can be on the way to reclaiming the good credit you deserve.

Skip Payments

 

Consumer Loan Skip-a-Payment

 If you are looking for a little extra cash for the end of the year, we're here to help. Choose to Skip-A-Payment will free up some money to pay unexpected bills. FFDCU members can skip their loan payment on their New/Used Auto, Share Secured, Boat, RV, Motorcycle, VISA, and Personal Loans. (Real Estate loans are not eligible.)

 

There is no fee until December 31st, 2017 for each payment you choose to skip! Even if your payments are automatically deducted, you still can take advantage of this offer.

 

FOLLOWING TERMS APPLY TO THE SKIP-A-PAYMENT:

  • Member must have made as least six (6) payments on loan that is chosen to Skip-A-Payment.
  • Member may not have been 15 days or more late with their loan payment within the last twelve (12) months.

  • Interest will continue to accrue during the month you choose to Skip-A-Payment.
  • Payments made through payroll deduction or Direct Deposit will be deposited into your savings account for the month.

  • When payments resume as scheduled (the unpaid interest will be collected first), and all the terms and conditions will apply, following the month skipped as indicated above.
  • Skipping a payment and/or the corresponding fee may result in higher total finance charges on your loan, but rate will remain unchanged. 

  • Skipping payments will extend the term of your loan.
  • Maximum of one (1) Skip-A-Payment every twelve (12) months.

     

    To request a Skip-A-Payment, simply fill out the form below, and be sure to return it to us by mail, fax, or in-person prior to the loan due date you want to skip. For further questions contact us in office. 

     

    Fresno Fire Department Credit Union

    5300 N. Fresno Street

    Fresno, CA 93710

    PH: (559)228-1997   FAX: (559)228-0350 _________________________________________________________________________________________

     

    SKIP-A-PAYMENT REQUEST

     

    Yes, I'd like to skip my payment for the month of: ___________________________

      

    Primary Name:                                       Joint Name:                                  

     

    Address:                                                  City:                          State:          Zip:            

    Daytime Phone:                           Alternate Phone:                         

     

    Loan Number:                     Suffix:        Payment Amount: $                 New Due Date:      

    Loan Number:                     Suffix:        Payment Amount: $                 New Due Date:      

 

 

 



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Fresno, CA 93710

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Phone: (559) 228-1997
Fax: (559) 228-0350

Lost or Stolen Debit Card: 1-800-472-3272
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