Reply
Valued Contributor
Posts: 1,278
Registered: ‎06-01-2007
0

Completed application today with SDCU

I am applying for a new car loan and also applied for a credit card with SDCU (San Diego CU). Found out they use EX for everything and my score was a 699, which is a little less than I was hoping but I assume I lost some points due to my recent card additions. The CSR didnt seem concerend though and said my income, DTI, and score all look good enough.

 

I did have to jump through a few hoops. Seems I was listed on Chex Systems for an account with Bof A that I closed but an item for 1.29 came through 48 hour after the closing date and they paid it, the account then incurred fees for almost a year. All overdraft fees, even though the account ahd been closed.

 

Spoke to the Recovery Dept and had an AWESOME CSR who waived everything, faxed me letters stating they messed up, closed it all out and even sent a request to Chex Systems for immediate removal. I know B of A usually sucks, but he really went above and beyond. I almost considered opening a new account with them just becuase this rep was so amazing.

 

Now, its just a waiting game to see if  they approve me, and if so, what the rates are going to me.

 

Cross your fingers for me!

Try not to become a man of success but rather to become a man of value
Albert Einstein 1879 - 1955

700 Club
Valued Contributor
Posts: 1,278
Registered: ‎06-01-2007
0

Re: Completed application today with SDCU

Got the phone call. Approved for both the car loan and the credit card.

 

Car loan is 4.99 fixed for 72 months and they will go 120% LTV - AMAZING!

 

Credit card was approved for $6000 initially, rate is 12.90 with 0% for the first year.

 

Meeting with them later this week to finalize everything

 

 

 

 

 

Try not to become a man of success but rather to become a man of value
Albert Einstein 1879 - 1955

700 Club
Valued Contributor
Posts: 1,278
Registered: ‎06-01-2007
0

Re: Completed application today with SDCU

Here is a link to all their current rates.

 

http://www.sdccu.com/pages/rates/VisaandpersonalloanRates.pdf

Try not to become a man of success but rather to become a man of value
Albert Einstein 1879 - 1955

700 Club
Frequent Contributor
Posts: 368
Registered: ‎09-14-2009
0

Re: Completed application today with SDCU

Congrats! :smileyhappy: Its too bad I live in Orange County because that sounds like a great CU! What amount was your car loan if you don't mind me asking?


EQ Starting Score: 579 | TU Starting Score: 568
EQ Current Score: 650 | TU Current Score: 653
EQ Goal Score: 1000 | TU Goal Score: 1000


Valued Contributor
Posts: 1,278
Registered: ‎06-01-2007
0

Re: Completed application today with SDCU

I am refinancing my 2009 Lexus IS350.Current pay off is 40120 and financed through Toyota (I HATE TOYOTA FINANCIAL!)

 

I was initially going to trade it in and purchase something new, but changed my mind as the rate and terms for refinancing were good enough to convince me to stick with the same car. I was nervous that since the vehicle blue book value is 36940 and my pay off is 40120 they would not approve the refinancing.

 

I offered to put cash down, but in the end they said my income and credit were strong enough to offer 120% LTV so I dont need to put anything down.

 

The change in interest rate and refinancing the residual for 72 months is going to drop my car payment almost a full 300 a month. NICE!

Try not to become a man of success but rather to become a man of value
Albert Einstein 1879 - 1955

700 Club
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.