Home

Hey Jim, Thank you for the information. The policy we created establishes a yearly portfolio review based on our most recent soft‑pull credit scores. We decided to put this policy in place because we have far too many long‑term members-some with ...

Hi Amanda- You would be looking at portfolio review for this as a best practice. I would avoid picking and choosing which accounts to reduce or cut off the LOC to avoid any fair lending issues that could pop up. It should be consistent across ...

Closing or reducing HELOC CREDIT LINES has special requirements.Below is a quick outline using AI that I have reviewed. This is not intended as a legal opinion and should be independently verified by your compliance officer or lawyer. ...

Good afternoon - our Adverse Action / Denial letters include the following after providing the action taken, reason(s) and credit report requirements: Notice. The federal Equal Credit Opportunity Act prohibits creditors from discriminating against ...

Great question Amanda! So from our perspective, we are only looking at true delinquent accounts. We do not review the accounts for limit removals until they reach 60 days past due and we have to send Adverse Actions out. I did receive some additional ...

Hi Nicole! I do not have an answer to your question I apologize. I do have a question for you, though. We recently created a policy to start cutting credit card limits based on the member's credit score when they first obtained the credit, and their credit ...

Good morning Collections RoundTable- I wanted to check in to see for those of us that are cutting credit cards and lines of credit due to delinquency and sending out Adverse Action letters, did you update your letters to provide an address for the NCUA, ...

Good afternoon, Collections will handle credit disputes and pull bullseyes on anything delinquent. If the loan is not delinquent our Loan Servicing department will handle. ------------------------------ Renee Carrion [Director of DMS] Andrews FCU ...

Disputes and CBR updates/correction are handled by the Loan Services Dept. They have access to Bullseye's as do I. Melissa Scarpitti Loss Prevention Specialist DEXSTA Federal Credit Union (302) 571-0522 ext. 846 melissa.scarpitti@dexsta.com ...

Hello, all! I have a question in regards to who handles credit reporting disputes at your Credit Union and who has access to pull Bullseye credit reports. Thank you, ------------------------------ Heather Kirk Collections WEPCO FCU Bloomington ...