Update- DCU refi approved- 15.98 refinanced to 3.99!

[Anonymous]

Congrats Swampthing, sounds like it was a great success. 

Point of clarification: EQ 04 is what my fico calls the Mortgage Score 5?

[Anonymous]

Yes but it was higher than I expected for that score. I feel like it might have been 8.

[wuzzielog]

Could anyone tell me who DCU is? I've researched on the forums and would like to refi my auto loan as well, but I cannot locate anything.

Thanks for your help.

[Anonymous]

Google digital federal credit union. They're in New England but you can join with a ten dollar donation to a charity. They pull equifax. You can read up on them in the forums. Been a great experience for me.

[wuzzielog]

Will do thank you!

[Anonymous]

I am wanting to refi the vehicle we just got pre discharge a week ago, what score do you need to qualify for a refi with DCU and will they refi once we are discharged? Our rate is 17.18% with a $499 a month car note starting Aug 19th. I don't want to pay this high rate for 72 months. Thanks for the help.

[Anonymous]

Congrats!! Just went through the same process today, feels so good to get rid of subprime rates

[Anonymous]

I'm not sure about the discharge. Some people get declined but not sure what informs that. I got my refi with scores in my signature (non mobile one). My local CU wouldn't touch me with a lending product even though I have a slew of deposit products with them. I would keep an eye on it. I rode out high rates for a couple of years. I did refi once less than a year but rate was still high.

[Anonymous]

I would advise you to call them. But frankly with your scores, I do not think you will get anywhere. You're painfully far from where most institutions would consider minimally acceptable. 

[Jeff532003]

Luv2Cruise you will not get in with DCU at your current level.  Your going to need to pay on your current loan for at least a year and work on bringing your score up after bankruptcy.  Unfortunately your score is likely to fall lower once the auto loan reports.  If you manage your credit well for the next year I think you would have a decent shot at a refi below 5%