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Regular Contributor
Posts: 184
Registered: ‎10-26-2008
0

Approved for Alliant Visa Platinum Rewards

Yippee! This is my first ever CU card and I know CUs are pretty conservative lenders, so I feel this is the real proof of how much my scores have improved in the past few years (in Feb. of 2007 my EQ was 586). The loan officer wouldn't give me an exact number for some reason, but he said my EQ score was between 700 and 725. TU and EQ are finally both over 700!!! <insert happy dance here>

 

Other info:

 

I asked if they could use the credit report they pulled for membership 2 weeks ago. He said no, because membership pulls EX "Pinnacle score". I found that interesting because when I initially got turned down for membership online due to a security question mixup, it said to contact EQ for a copy of my report.

 

The only financial info he asked for was my income and my rent. After running my report he then asked for 2 pay stubs. While I was on hold, he sent me an email so that I would have his contact info, and he said it was perfectly acceptable for me to email him back with the PDFs of my last 2 paystubs. Ooh, high tech, no waiting.  Smiley Happy

 

I asked for $5000, they countered with $2500, so CapOne is still my highest limit at $3000, but I'm not complaining. It's only been a year and a half since my first card from Orchard had a $300 limit.

Senior Contributor
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Approved for Alliant Visa Platinum Rewards

The CSR was confused, unless Alliant has just recently changed its policies.  Alliant only pulls EQ for membership and loans (look at your inquiries to veryify).  And they only report to EQ and EX...not TU.

 

They do provide a "credit score" from EX....but this score clearly states this is not what is used for consideration of loans.

 

IME Smiley Happy

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Regular Contributor
Posts: 184
Registered: ‎10-26-2008
0

Re: Approved for Alliant Visa Platinum Rewards

I thought he was wrong based on my online membership app refusal, but I wasn't going to argue with him. I did see that the quarterly score they offer will be an Experian FAKO with a range of 150-950. Thanks!
Valued Member
Posts: 47
Registered: ‎12-23-2008
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Re: Approved for Alliant Visa Platinum Rewards

You must be mistaken CUs are just the opposite of conservative banks. They are more lenient with lending and will work with you.

-- 3/7/09 TU: 759 3/8/09 EQ: 730
Senior Contributor
Posts: 4,214
Registered: ‎09-12-2008
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Re: Approved for Alliant Visa Platinum Rewards


jenrette wrote:
You must be mistaken CUs are just the opposite of conservative banks. They are more lenient with lending and will work with you.

 

CU's are indeed conservative.  The reason they are so "lenient" now is only in comparison to other lenders who have been forced to severely cut back and restrict lending, close accounts, reduce limits, etc.

 

It is the conservative lending practices of CU's that allows them to continue to operate today normally rather than raise rates, cut limits and change their lending policies and criteria.  The CU's operate today about the same they did over the past so many years. 

 

The other CCC's are not being conservative, they are conducting damage control, loss recovery, recapitalization and reallocation of resources.

 

IMO Smiley Happy

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Senior Contributor
Posts: 3,871
Registered: ‎01-10-2008
0

Re: Approved for Alliant Visa Platinum Rewards


txjohn wrote:

The CSR was confused, unless Alliant has just recently changed its policies.  Alliant only pulls EQ for membership and loans (look at your inquiries to veryify).  And they only report to EQ and EX...not TU.

 

They do provide a "credit score" from EX....but this score clearly states this is not what is used for consideration of loans.

 

IME Smiley Happy


this applies to their cc- some of their other loans report to a different combo of bureaus, quite confounding really.

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Senior Contributor
Posts: 3,871
Registered: ‎01-10-2008
0

Re: Approved for Alliant Visa Platinum Rewards


LisaPA wrote:

Yippee! This is my first ever CU card and I know CUs are pretty conservative lenders, so I feel this is the real proof of how much my scores have improved in the past few years (in Feb. of 2007 my EQ was 586). The loan officer wouldn't give me an exact number for some reason, but he said my EQ score was between 700 and 725. TU and EQ are finally both over 700!!! <insert happy dance here>

 

Other info:

 

I asked if they could use the credit report they pulled for membership 2 weeks ago. He said no, because membership pulls EX "Pinnacle score". I found that interesting because when I initially got turned down for membership online due to a security question mixup, it said to contact EQ for a copy of my report.

 

The only financial info he asked for was my income and my rent. After running my report he then asked for 2 pay stubs. While I was on hold, he sent me an email so that I would have his contact info, and he said it was perfectly acceptable for me to email him back with the PDFs of my last 2 paystubs. Ooh, high tech, no waiting.  Smiley Happy

 

I asked for $5000, they countered with $2500, so CapOne is still my highest limit at $3000, but I'm not complaining. It's only been a year and a half since my first card from Orchard had a $300 limit.


perhaps but could be risky...

 

In any case, congrats on the great new TL!

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Valued Contributor
Posts: 1,544
Registered: ‎01-29-2008
0

Re: Approved for Alliant Visa Platinum Rewards

Congratulations, on your new card and being a member of the alliant credit union family.

Starting Score: EQ 546 TU 566
Current Score: EQ 693TU 08 729 EX 08 738Need to Garden/New Accounts
Goal Score: 800
Regular Contributor
Posts: 184
Registered: ‎10-26-2008
0

Re: Approved for Alliant Visa Platinum Rewards

perhaps but could be risky...

 
Don't see how it's any more risky than sending paper copies in the mail. Frankly, I feel there's less chance of it getting lost or diverted via email.

My paystubs are all online already and they blank out my SSN, so all anyone could get that isn't already publicly available is my salary.
 
Moderator Emeritus
Posts: 4,469
Registered: ‎12-31-2008
0

Re: Approved for Alliant Visa Platinum Rewards

Congrats!  DH loves his Alliant CC - I hope you like yours as well.  **starts humming along to the happy happy joy joy dance **

 

I would note that Alliant pulled EQ for the original CC pull, and for an auto loan app (we used a local CU instead).  They do soft him on EXP, though. 

Just puttin' syrup on something, don't make it pancakes.

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