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!
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO