I was recently approved for my requested amount of $15500, at 4.74%. The stipulation is 20% down (first time installment loan). Which I’m fine with the terms. Also approved for a CL with a 1k limit, which isn’t bad considering my short history (since July of 17).
However. Knowing that DCU uses chexsystems I pulled my report, and found I was on there with chase for an over drafted account a few years ago that I totally forgot about. I got on the phone with chase and they’re sending me a settlement letter to pay the amount by 4/12/18.
I’ve seen people call DCU and provide them with evidence that they’re fulfilling obligations with a previous bank and DCU allowed them to open the account. Would this settlement letter fill that roll? I tried calling DCU today, but their branches are closed, and the woman who picked up the phone had no idea what I was talking about. Can anyone shed some light on this? Thank you much.
Did it work out for you? Also may I ask why they required 20% down? Do you know what you eq 5 score was?