topic Re: Citizens One LOC in Personal Finance

Citizens One LOC

Larsim — Sat, 03 Oct 2020 17:27:56 GMT

Didn't find much DPs on Citizens One Line of Credit so thought I would post this. Was purchasing a treadmill through Sole, got pre-approved via a SP for a $3,000 LOC 12 months 0% APR and accepted it. The pre-qualification was a SP but they did do a HP on Equifax when I actually submitted the app. From the limited DPs I read this appears to be a hidden TL so I will see if that is true.

What I have not yet been able to determine is if I can use this LOC anywhere else and if it stays open AFTER paying this equipment off. If it does that would be cool for a hidden TL.

DPS:

FICOS: 750+ across the board

Inquiries: 4/12 on EQ

New Accounts: 14/12

UTI: 7%

Re: Citizens One LOC

blindambition — Sat, 03 Oct 2020 18:27:13 GMT

Congrats on the approval!! I'm sure it's similar to Affirm. Whenever you use them, each is a separate loan. I know each iPhone installment loan was its own.

Re: Citizens One LOC

AllZero — Sat, 03 Oct 2020 18:29:49 GMT

Congratulations on your approval!

Re: Citizens One LOC

M_Smart007 — Wed, 07 Oct 2020 02:13:30 GMT

Congrats on your LOC approval!

Re: Citizens One LOC

joltdude — Wed, 07 Oct 2020 22:54:51 GMT

I wouldnt call it similar to Affirm because its a hidden TL... and it doesnt report as a CFA either... Proportedly they only report when they dont get paid and quite a bit late, and they are quite reasonable to deal with... Had card issues with Citizens One with IUP and it wasnt a big deal ...

Though like you said, you need to reopen and take an HP when you replace or buy a new device...you cant re-use it..

Think IUP and XBOX....

-J