DCU auto loan and DD questions

[Remember0]

Just don't tell them anything about the 50-50. They won't be any wiser.

[aubie1kenobie2]

Will do that and wait to see what happens. I just also found out that there is a $5 charge for outgoing transfers (to other banks) from DCU so transferring to my other bank would not be an option. Thanks for your inputs!

[Remember0]

See if your bank can't initiate the transfer from DCU. Then DCU wouldn't charge a fee. Or you could just deposit a check to your bank from the DCU account.

That said, if it's simpler for you to just do 50-50, go for it! DCU won;t know any better. Heck they won't know even if you did 80-20, since there's no minimum DD at DCU as far as I know.

[Rackham94]

My auto payment is due with my old institution in two days. DCU said when I sent in the signed loan agreement they would send them a check and to not worry about my next payment with them.

Is that accurate can anyone confirm how long it takes from the day you are approved and sent in membership info and pay off quote to them until they send the payoff.

[Remember0]

As long as your payoff quote is valid.

It's wise to call the lender and tell them. Technically, they CAN repo after even one day late even though they want.

It's a tough call. On one hand, if you like being super safe, pay the payment (you should be able to get refunded). But if the payoff quote is still valid, I'd just call them and tell them hey, refi'ed the loan, you should be getting DCU's check. Just wanted to let you guys know because I was worried about the due date. Doubt you'll have ANY problems if you do that.