Common Credit Report Misunderstandings

Here are some common misinterpretations people make about their credit reports and how to clear them up.

They have too many student loans listed for me
Student loans are often listed as separate loans for each semester of school instead of as one big loan.

I must be a victim of ID theft because someone else’s name and is on my report
Errors in information gathering commonly result in someone else’s data being mistakenly being listed on your credit report. This is just a mistake, not ID theft. You can always dispute this info off your reports at the website of the particular credit bureau.

I paid that collections account, it shouldn’t be on my report anymore
Collections agencies aren’t required to remove a collections account from your credit reports once you have paid it if the information is still timely. All they are required to is list that the account has been satisfied.

All these inquiries count against my score
Keep in mind that the only inquiries that are ever factored into your credit score are ones that happened in the past year and that were for the purpose of you applying for credit, financing, or some other type of financial contract.

Have questions or want to review your credit report (get one for FREE at AnnualCreditReport.com) with an expert? Apple’s FREE BALANCE programs makes available counselors who will be happy to guide you.  Call 888-456-2227 or visit AppleFCU.org/BALANCE to chat online.

Find the Vehicle That Fits You Today!

Your vehicle needs can change over the years. So whether it’s time to shop for your first car, a family van or a sporty red convertible, you can turn to Apple’s FREE AutoSMART Resource Center for the perfect match.

AutoSMART is an easy-to-use website with great information and resources designed to make your shopping experience simple, convenient and fast. With just a few click of your mouse, you can:

  • Research new and used vehicles
  • Estimate the value of your trade-in
  • Search the inventory at local dealerships
  • Order a vehicle history report
  • And much more!

Ready to get started? Make Apple’s FREE AutoSMART Resource Center your first move.

Getting to know the world of coupon-ing

September was ‘National Coupon Month.’ I’ve never been able to get into the idea of clipping coupons each week, saving them in a binder, ending up portrayed as some crazy lady on a reality TV show where I buy 6 shopping carts full of unneeded groceries for $3…

But, I started to wonder – how much time and effort would it really take to save some big bucks at the grocery store? Luckily, you don’t have to go subscribe to a bunch of newspapers for those Sunday coupons anymore. Thanks to the internet, it’s relatively easy to hop online and start coupon-ing! So, I figured why not try out a few sites throughout the month and see if coupon-ing works for me.

I’ve listed three sites below that I found to match my ‘coupon-ing level.’ I don’t want to pay for super-secret-extra-special coupons, so all the sites listed provide FREE printable options. Some of them are apps for your phone, or have an app companion to the website. Before you get too excited and start signing up for each site, here’s one simple, yet great tip from the website ilovecouponmonth.com:

“Sign up with an alternate email address. Don’t make the mistake of joining every coupons site and manufacturer newsletter list with your main mail account. Get another free account from Yahoo or Gmail and make that your “deal mail” address. Check it before you go shopping every week so you won’t be bombarded with ads on a daily basis.”

Now, where to find some coupons for that grocery bill:

  1. RetailMeNot – Offers both Android & iPhone apps, plus easy to use website. This one is by far my favorite!
  2. CouponMom.com – This website takes a bit of getting used too. I felt overwhelmed the first time I visited, but take your time getting to know the site! All the work is done for you.
  3. Coupons.com – The layout is similar to that of CouponMom, lots of information all at once! I’ve found it’s best used by selecting either the ‘coupons’ or ‘local coupons’ tab at the top.

 

Depositing Made Easy

After you get over the excitement of getting a check or perhaps even some cash, what’s the first thing that comes to mind? For most people they think, ‘when can I get to my bank to deposit this?’ Let’s be honest, sometimes finding time to make it to a branch isn’t easy, and then on top of that – when you get to a branch, you might have to wait in line to make that deposit.

Well my friends, I’m here to give you two deposit options that involve virtually NO LINES and in one case NO TRIP TO THE BRANCH!

 1. ATM Deposit

Did you know you can deposit cash and/or checks at ALL Apple ATMs? I hate waiting in lines, I know, I know, sometimes you have no choice. But, if you’re at a branch to make a deposit there’s no excuse to stand in the teller line – just go to the ATM!

 All you have to do is:

  • Search by zip code for the Apple ATM nearest you at AppleFCU.org/Locations
  • Swipe your ATM/Check Card in the machine and enter your PIN
  • Select Deposit
  • Put your cash/check into a deposit envelope*, place it in the marked location on the ATM and Voila! – your money is deposited.

(*The following ATMs DO NOT require an envelope to make a deposit; just follow the on-screen instructions – Fair Oaks , GMU Fairfax (JC), GMU Arlington, GMU Prince William, Lockheed Martin, Manassas, Mt. Vernon, NVCC Annandale, Sudley Manor and Winchester.)

2. Scan Deposit

Yep, that’s right, scan those checks from the comfort of your home, dorm, apartment, friend’s house (you get the idea) for immediate credit to your account. Instead of linking to the  requirements, I’ve listed them below to save you time! Don’t be intimidated by the number of bullets, the time it takes you to read through them is a lot less than you’d spend driving to a branch to make a deposit. 😉

 So, to start using Scan Deposit you’ll need to:

  • Be at least 18 years old
  • Be enrolled in NetBranch Online Banking
  • Have an active Apple Checking account (5 or more transactions a month)
  • Have been an Apple member at least 90 days
  • Be in good standing with Apple (no negative balances, no late payments on Apple Loans, not had an Apple Loan written off, etc.)
  • Not had a single non-sufficient fund (NSF) fee applied to your account within the past 24 months
  • Use Apple’s FREE Direct Deposit service
  • Have a valid email address on file.

Meet these requirements?

Login to NetBranch Online Banking and click the Products and Services tab to enroll! Check out a list of FAQs HERE.

And stay tuned… soon you’ll be able to make deposits with your Android or iPhone. It’s in development now.

I hope these options help alleviate some of your ‘deposit pains’. 🙂

PS-If the check you’re depositing is a paycheck, see if your employer offers Direct Deposit. It’s FREE at Apple and is the fastest way to have access to your cash. Plus, if you’re employed at a partner school district, we likely pay you a day early too. How’s that for speedy!?