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02-25-2009 07:45 PM - edited 02-27-2009 10:09 AM
Sorry for the long post.
I just called today to ask how long an account needs to be open in order to be eligible for a CLI. They said you can ask for a CLI at any time. So I asked for one. The rep took some info and said a loan officer will call you back in an hour.
30 min later I get a call. How much do you want? I said at least 1k. She said sure you can have 1k for a total of 1.5k.
Then she said your interest rate isn't going to be the same. I thought oh oh, its already at 18.99 are they going to raise it?
She said your new interest rate is 10.99%, and if you get your combined balances on your accounts to $10,000 or more you'll get an additional 2% discount.
It was a hard pull from EX though, I don't know when they switched from EQ. So I asked that since they pulled EX and I can no longer get my FICO score could she let me know what it was, she said sure its at 691. No change.
So i killed 3 birds for the price of one inq!
02-25-2009 08:16 PM
02-26-2009 11:10 AM - edited 02-26-2009 11:12 AM
Thanks everyone! That APR reduction really surprised me.
The CU's name is FirstLight Federal CU, its local to my area. I'm really happy with them!
I may hit them up for a mortgage in the fall, that account would qualify me for the extra 2% discount also!
02-26-2009 06:47 PM
that's a great increase if you were only at 500, but with an almost 700 score, why not more?!
I only asked for 1k, I probabaly could have got more. I didn't want to push my luck, the account has only been open 3 months.
02-27-2009 10:15 AM
Wow!! I logged in to my online banking and saw my new credit limit: $2k!!!!
Not the $1500 I expected, hope its not a mistake and it sticks!