DCU Auto Refinance

[dabolts_619]

I think the Direct deposit is mandatory for the 1.49 rate.

[Anonymous]

Roger that. So the only question I have no is can you refinance under your business with them instead of personal? i don't think it should be that big of a deal?

[Anonymous]

Bump. Raising this old thread in hopes of getting some more answers The time is nearing to apply for DCU. I can't take this 8% anymore :/ This forum has spoiled me. Lol.

[cartwrna]

I'm not sure if you can refinance under your business, but I'm sure a call and they will tell you!

[Anonymous]

K, i replied back to the other original thread I opened. Problem is the business makes more than the personal by far.

[09Lexie]

Stoney,

Please refrain from posting similar comments/questions on everal threads.  I have removed the other posts and allowed your newest thread to remain open.

Thank you.

~Lexie, myFICO Moderator 

[Anonymous]

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@09Lexie wrote:

Stoney,

Please refrain from posting similar comments/questions on everal threads.  I have removed the other posts and allowed your newest thread to remain open.

Thank you.

~Lexie, myFICO Moderator 

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Sorry about that Lexie!

[joedtx]

Has anyone been able to answer the question about Direct Deposit to get the 1.49 rate, do you need have a certain minimum amount to qualify or does it need to be a full deposit?

[pipeguy]

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@joedtx wrote:

Has anyone been able to answer the question about Direct Deposit to get the 1.49 rate, do you need have a certain minimum amount to qualify or does it need to be a full deposit?

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In my case, about 75% of my wife's check (US Gov employee) is direct deposited to DCU every 2 weeks. I am paid once a month on the last business day of the month and my check is NOT direct deposited to DCU at this time - although it might be in the future should I get fed up with my local bank. There are 3 parts to "relationship banking" with DCU, 1=cking or saving account, 2=electronic statements, 3=direct deposit (note a loan of some type can also count).

It's really pretty easy to qualify for the .5% discount through DCU - their CSR's are very good at least with me. Oh and as a note on their CC's, after joining and before taking any loans, I applied for their CC, denied for some BS reason (inquiries, too many accounts, whatever). A month later I "pre-qualified" for a used car loan and told them I had a car in mind and a price range of $18k, but did not have a specific car yet but would be shopping within the next 30 days.  Was easily approved for the $18k, bought a car 2-3 weeks later for $15,990, then reapplied for the CC and quickly approved for a $7k CL.

Car loan 1.49%, CC rate 10.5% which I'll get reduced to 8.50% after 6 months (they have shown a history of reducing CC APR's after some "experiece") Note this was all in late 2014 (purchaed car 12.31.14) - CC was approved after I pre-qualified for the car loan and before I actually bought the car. 

[Bman70]

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@pipeguy wrote:

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@joedtx wrote:

Has anyone been able to answer the question about Direct Deposit to get the 1.49 rate, do you need have a certain minimum amount to qualify or does it need to be a full deposit?

---

In my case, about 75% of my wife's check (US Gov employee) is direct deposited to DCU every 2 weeks. I am paid once a month on the last business day of the month and my check is NOT direct deposited to DCU at this time - although it might be in the future should I get fed up with my local bank. There are 3 parts to "relationship banking" with DCU, 1=cking or saving account, 2=electronic statements, 3=direct deposit (note a loan of some type can also count).

It's really pretty easy to qualify for the .5% discount through DCU - their CSR's are very good at least with me. Oh and as a note on their CC's, after joining and before taking any loans, I applied for their CC, denied for some BS reason (inquiries, too many accounts, whatever). A month later I "pre-qualified" for a used car loan and told them I had a car in mind and a price range of $18k, but did not have a specific car yet but would be shopping within the next 30 days.  Was easily approved for the $18k, bought a car 2-3 weeks later for $15,990, then reapplied for the CC and quickly approved for a $7k CL.

Car loan 1.49%, CC rate 10.5% which I'll get reduced to 8.50% after 6 months (they have shown a history of reducing CC APR's after some "experiece") Note this was all in late 2014 (purchaed car 12.31.14) - CC was approved after I pre-qualified for the car loan and before I actually bought the car. 

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How do you DD 75% paycheck? The government won't split it up so you're doing a ACH automated to DCU? 

Should we start a new thread on people's direct deposit experiences? That's the part I'm still unclear about with DCU. 

Edited because forum doesn't work with iPad