06-24-2011 11:37 PM
a line of credit for $2500 or a credit card for $2500 ?
i have a fico of 630
which is easier to obtain with my credit union since i am rebuilding my credit
( i dont want to waste an inquiry)
06-25-2011 03:11 AM - edited 06-25-2011 03:19 AM
if they are a conservative CU, depending on overall profile both may be slightly out of reach at a 2.5k CL level with current score, otherwise perhaps cc would be easier to get.
At NFCU for eg. a cc would generally be more accessible than LOC FWIU, YMMV.
06-25-2011 06:15 AM
You might consider walking into the CU and talking with one of their customer gurus. Bring in a copy of your CR and tell them what you're looking for. Build a personal relationship with the staff there and think long-term. They may be able to give you a pretty good idea of what will work best for you.
If they don't seem helpful, perhaps try another CU.
From your other post, I see that you have a 7 yr old BK.
Our CU has given us a $10K CC and a LOC of about the same amount. They pulled DH's EXperian, which was about 695. Major difference was that the interest rate on the LOC was about 12% and the CC is about 8% - plus the CC has cash back rewards.
Hope that's helpful!