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Cap 1 - How Long Does it Take To Process The Payoff?

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masscredit
Valued Contributor

Cap 1 - How Long Does it Take To Process The Payoff?

I stopped into DCU last Wednesday (5/22) to take care of the paperwork for my loan refi. I believe they were sending the check that day or the next. I checked Cap 1 today and they haven't processed it yet.  This is the first time doing a refi and maybe I'm sweating it a little but my 10 day payoff amount is good to June 1st (Sat). The interest for that loan is $4.95 per day so I don't want to be paying anymore.

 

Pre-Credit Rebuild Scores Pre-DC (3/24/22) - EQ - 524 / TU - 519 / EX - 495

Current Scores - EQ - 687 / TU - 663/ EX - 677

TD Bank - $5000 / Mercury - $5000 / Capital One Savor One- $5000 / SDFCU Secured - $4990 / Capital One QuickSiver - $4500 / Ally Master Card - $2800/ Walmart Mastercard - $2250

Andrews FCU SSL $1500
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2 REPLIES 2
masscredit
Valued Contributor

Re: Cap 1 - How Long Does it Take To Process The Payoff?

I guess they call it a "10 day payoff" for a reason.  Payment was posted when I checked this morning Smiley Happy 

Pre-Credit Rebuild Scores Pre-DC (3/24/22) - EQ - 524 / TU - 519 / EX - 495

Current Scores - EQ - 687 / TU - 663/ EX - 677

TD Bank - $5000 / Mercury - $5000 / Capital One Savor One- $5000 / SDFCU Secured - $4990 / Capital One QuickSiver - $4500 / Ally Master Card - $2800/ Walmart Mastercard - $2250

Andrews FCU SSL $1500
Message 2 of 3
jetsfan2013
Frequent Contributor

Re: Cap 1 - How Long Does it Take To Process The Payoff?

Congrats. Just recently got my 2nd loan with Cap 1, and will look to join DCU and possibly refi later this fall

Road to rebuilding starts soon
Message 3 of 3
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