01-28-2013 11:26 AM
Sounds like a subprime lender to me
01-28-2013 11:29 AM - edited 01-28-2013 11:37 AM
Who did you apply with? Most CCs now are 15-29% except for some CUs and few banks.
When I applied with Discover with a 709 EQ FICO, my APR is 19.99%. When I applied with AMEX with 712 EX FICO and 729 EQ FICO my APR is 22.24%. I'd be more upset but I don't carry a balance on a normal basis, maybe 1-2 months out of the year.
01-28-2013 01:36 PM
The site states "Rates from 6.78% to 27.99%* APR. Best APR is available to borrowers with excellent credit."
Guess their idea of excellent credit is higher?
01-28-2013 05:38 PM
01-28-2013 06:45 PM
Lets not make assumptions..BUT
The OP said TU score. He did not say a TU FICO score.
A TU score of 700's could very well be a 600 FICO score.
01-29-2013 07:43 AM
I'm an investor and a borrower at LC. I think they still pull TU98 (same as on here). They would have also e-mailed the score they pulled.
The rate isn't reliant upon scores only. It also looks at DTI, income, recentness of baddies, total baddies, years on the job, residency, etc.
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