DCU-Denied :(

[kenspi67]

This bank is like my nemisis .. Been rejected 2 times this year ..lol .. However, this time I came guns loaded .. Nope, sorry, no refinance for you pal .. They pulled my EQ FICO 5 @ 714 Points .. Reason for denial 4 new accounts, late payment from previous auto loan that was 38 months ago .. 3 years n some change, and still busting my chops .. Also said my current loan is too new to refinace, they wanna see atleast a year on that loan .. Damm .. Anyone have any suggs PENFEd? NFCU? Capital One? What do they normally pull?

[Anonymous]

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@kenspi67 wrote:

@this bank is like my nemisis .. Been rejected 2 times this year ..lol .. However, this time I came guns loaded .. Nope, sorry, no refinance for you pal .. They pulled my EQ FICO 5 @ 714 Points .. Reason for denial 4 new accounts, late payment from previous auto loan that was 38 months ago .. 3 years n some change, and still busting my chops .. Also said my current loan is too new to refinace, they wanna see atleast a year on that loan .. Damm .. Anyone have any suggs PENFEd? NFCU? Capital One? What do they normally pull?

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Sorry it didn't work out for you. But super-big thanks for posting the feedback here. I was thinking about refi'ing DH's car with them but it's just 3 months old. Guess not! 

[tonyjones]

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@kenspi67 wrote:

@this bank is like my nemisis .. Been rejected 2 times this year ..lol .. However, this time I came guns loaded .. Nope, sorry, no refinance for you pal .. They pulled my EQ FICO 5 @ 714 Points .. Reason for denial 4 new accounts, late payment from previous auto loan that was 38 months ago .. 3 years n some change, and still busting my chops .. Also said my current loan is too new to refinace, they wanna see atleast a year on that loan .. Damm .. Anyone have any suggs PENFEd? NFCU? Capital One? What do they normally pull?

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@Anonymous's so weird, I had 10 new accounts open in the previous month and they approved me for a $50k loan @ 2.24%. I think it's your recent derog that they are not liking.

PenFed pulls EQ also. CapOne will pull all three.

[kenspi67]

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@tonyjones wrote:

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@kenspi67 wrote:

@this bank is like my nemisis .. Been rejected 2 times this year ..lol .. However, this time I came guns loaded .. Nope, sorry, no refinance for you pal .. They pulled my EQ FICO 5 @ 714 Points .. Reason for denial 4 new accounts, late payment from previous auto loan that was 38 months ago .. 3 years n some change, and still busting my chops .. Also said my current loan is too new to refinace, they wanna see atleast a year on that loan .. Damm .. Anyone have any suggs PENFEd? NFCU? Capital One? What do they normally pull?

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@Anonymous's so weird, I had 10 new accounts open in the previous month and they approved me for a $50k loan @ 2.24%. I think it's your recent derog that they are not liking.

PenFed pulls EQ also. CapOne will pull all three.

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yup .. that derog was the back breaker .. he mentioned it a few times too .. i said, my last payment was 39 months ago, and that loan was paid off n in good standing .. no dice .. 

[tonyjones]

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@kenspi67 wrote:

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@tonyjones wrote:

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@kenspi67 wrote:

@this bank is like my nemisis .. Been rejected 2 times this year ..lol .. However, this time I came guns loaded .. Nope, sorry, no refinance for you pal .. They pulled my EQ FICO 5 @ 714 Points .. Reason for denial 4 new accounts, late payment from previous auto loan that was 38 months ago .. 3 years n some change, and still busting my chops .. Also said my current loan is too new to refinace, they wanna see atleast a year on that loan .. Damm .. Anyone have any suggs PENFEd? NFCU? Capital One? What do they normally pull?

---

@Anonymous's so weird, I had 10 new accounts open in the previous month and they approved me for a $50k loan @ 2.24%. I think it's your recent derog that they are not liking.

PenFed pulls EQ also. CapOne will pull all three.

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yup .. that derog was the back breaker .. he mentioned it a few times too .. i said, my last payment was 39 months ago, and that loan was paid off n in good standing .. no dice .. 

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Once they fall off you will be good to go, have you tried doing GW letters to get them removed? I was even approved with 6 derogs, but they are falling off early next year and paid.

[Anonymous]

Well I have some CO's from about 7 months ago. I guess it's gonna be Cap One for me next year. Looks like no chance with DCU.

[Anonymous]

Is this a DCU loan your trying to refi?  If the LTV is ok and your DTI is ok then I am sure NFCU and Penfed are options, if you can get into NFCU I would probably go with them.  They don't seem to concerned about old lates, they approved my loan with some year old lates.

[txbusted]

Yup looks like I will be passing on DCU for pre-approval. I have a student loan default from 2014. It's been rehabbed but those late payments are still showing. Good to know ahead of time. Thanks for the heads up. 

[Anonymous]

If DCU declined to extend credit, i wouldnt bother with Penfed.  Try Navyfed though.

[jeffm4688]

Penfed is always a good shot, I know previous poster says don't bother. I just refi's and DCU approved at 4.99 while penfed gave me 2.74 for 72 months. DCU also had me jump through hoops(until they said 4.99%) while penfed didn't.