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 03:28 PM
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!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.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.
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.