topic Re: Best Credit Union for Auto Loan in Auto Loans

Best Credit Union for Auto Loan

Anonymous — Thu, 25 Dec 2014 22:22:31 GMT

Hello,

I'm stuck in a high interest loan with Chase at 13.5% and just got a late pay because my monthly check is delayed. I'm wanting to refinance or buy a new car and I've been talking to Smart Financial for the past 2 months about moving all my loans. Then, when I called to apply they said my income doesn't qualify because its not "earned" income. I don't understand that since I've been getting these checks for years and its not going to change. Smart Financial had told me I would qualify for a signature loan witth at least a 600 score. I've been working on improving my scores and now all three are between 610 and 626. I need to get this done before my student loan payments are due to start. Can anyone referr me to a CU I can go to for approval? I need to do this asap before my late pay shows up. I was wondering if I got a new credit card how if it would take my scores below 600? I need some cash asap but don't want to risk my credit being too low for a refinance or new car.

Thanks

By the way, I live in Texas

Re: Best Credit Union for Auto Loan

Luscher — Fri, 26 Dec 2014 00:59:22 GMT

DCU

Re: Best Credit Union for Auto Loan

EddieK — Fri, 26 Dec 2014 03:06:18 GMT

@Luscher wrote:
DCU

I concur.

Re: Best Credit Union for Auto Loan

jim44 — Fri, 26 Dec 2014 14:40:33 GMT

Did you talk to Chase about not reporting the late pay? Sometimes and YMMV, if you ask nice enough and put up a good defense (excuse) Chase might not report the late. You explained your check was delayed. That to me is a good enough reason.. Good luck!

Re: Best Credit Union for Auto Loan

Anonymous — Fri, 26 Dec 2014 23:18:29 GMT

Dumb Question, but what is DCU?

Re: Best Credit Union for Auto Loan

Dj4Money — Fri, 26 Dec 2014 23:22:56 GMT

https://www.dcu.org/

Hope your EQ score is good, that's what they pull.

Re: Best Credit Union for Auto Loan

Anonymous — Fri, 26 Dec 2014 23:28:09 GMT

What is considered "good"?

Re: Best Credit Union for Auto Loan

Luscher — Sat, 27 Dec 2014 03:17:47 GMT

around 700 for best rates most likely. Depending on other file stuff.

Re: Best Credit Union for Auto Loan

EddieK — Sat, 27 Dec 2014 04:50:00 GMT

675 EQ04 score for best rate.

Re: Best Credit Union for Auto Loan

dabrian — Sun, 28 Dec 2014 00:18:02 GMT

By late pay do you mean 30 days late or was it less tHan that? Less than 30 days will not be reported to the credit bureaus.

Re: Best Credit Union for Auto Loan

Anonymous — Mon, 29 Dec 2014 21:44:07 GMT

I checked the DCU website and apparently I'm not eligible because I'm a Texas resident. My EQ score is the highest at 626. Any other credit unions? I was thinking about USAA but I don't want to apply until I am fairly sure since my score will go down. Smart Financial had told me my scores would qualify me but when I told them how I'm paid they said no. I wish I could find the phone number to the guy I was talking to because I'm certain I told him how I"m paid. I don't know what difference that makes as long as I have an income but I guess it does. There are a few in my area, Shell, ECU, First Service, and Southwest Financial if anyone has heard of them or have any info.

Thanks

Oh, and yes I just went over 30 days. Chase won't do any favors, I've been wanting to get away from them. I have my checking, savings, mortgage, and auto loan with them and they are never willing to help me out. This will be my third time to go over 30 days and I've have the loan almost 4 years.

Re: Best Credit Union for Auto Loan

Anonymous — Tue, 30 Dec 2014 05:23:55 GMT

I may be wrong but I think that even in Texas you can join. You just have to become a member of an organization that is involved with DCU. It costs like $10 to join that then you can join DCU. I just did it and I don't live anywhere near a DCU branch or state for that matter.

Re: Best Credit Union for Auto Loan

Dj4Money — Wed, 31 Dec 2014 05:21:41 GMT

Try these -

https://www.ufcu.org/

https://www.eecu.org/

https://www.cyfairfcu.org/

All are involved in a subprime auto loan pilot program

Re: Best Credit Union for Auto Loan

Dj4Money — Wed, 31 Dec 2014 05:22:52 GMT

640-660/670 is non-prime, 670+ is prime, 700+ is good to excellent.

Re: Best Credit Union for Auto Loan

Anonymous — Wed, 31 Dec 2014 07:19:02 GMT

That's great! Which organization was it or do they have a list? I'm a member of Phi Theta Kappa Honor Society and a recent graduate from Sam Houston State University (now an anlumni) but I'm having a hard time finding any credit unions for those memberships. I need to do something by tomorrow because my credit is going to take a hit if I don't find a way to pay my mortgage and get rid of my car loan.

I'm an injured employee and have been on worker's compensation since 2009 getting checks every month from them. However, they are disputing my eligibility for this past quarter so I won't be getting paid at all for up to 3 months unless I can get a lawyer or Texas Department of Insurance to speed it up. I'll get it because I didn't do anything not to but its going to take some time. Time I don't have. I'll need to see about a personal loan to pay bills until I get my money from them but I have to do it right away. I'm about to go over 30 days late on my house payment and that will be a disaster.

There must be some way I can get a 2-3 thousand dollar loan and trade or refi my car but tomorrow is the last day of the year. I have to find a CU that can get it done in that amount of time.

If I can get around the membership issue does anyone know how quickly DSU will approve? Everything I own is at risk over this mix up with worker's comp and I can't let that happen. Oh, and if this isn't bad enough, I just learned my son is addicted to heroin. I'm about to lose my mind. Any advise anyone can offer, please do. I have disconnect notices, overdrawn at the bank (somethiing that has never happened) and don't know if I'll be able to stop any of it unless I get a loan.

Thanks to all who replied.

Re: Best Credit Union for Auto Loan

ah12345 — Wed, 31 Dec 2014 09:04:26 GMT

Anyone can join you have to just donate I think $20 to one of their organizations. I am from NC and I have checkings and savings was approved for Auto Loan in august with 680 at 1.49. They do check equifax

Re: Best Credit Union for Auto Loan

Dj4Money — Fri, 02 Jan 2015 08:39:49 GMT

@ah12345 wrote:
Anyone can join you have to just donate I think $20 to one of their organizations. I am from NC and I have checkings and savings was approved for Auto Loan in august with 680 at 1.49. They do check equifax

Whom are you talking about?

UFCU - https://www.ufcu.org/about/become-a-member

Just donate $20 to the Longhorn Foundation

Re: Best Credit Union for Auto Loan

Anonymous — Tue, 13 Jan 2015 06:40:37 GMT

First check if you were delayed beyond 30 days because that’s when it’s reported to credit bureaus. There are many Federal Credit Unions in Texas who can provide car loans based on your credit history in Texas.

For More Information Visit: BankBazaar.com

Re: Best Credit Union for Auto Loan

Anonymous — Wed, 14 Jan 2015 03:03:56 GMT

I just got a pre-approval from DCU for 40K @ 1.49 for 65 months.

I pulled an app from them a few weeks back because I turned down the seller after more information was revealed. (He was hiding details)

So, they musta said, well we pulled credit already, here's a pre-approval.

They are making my buy finger jittery

Re: Best Credit Union for Auto Loan

EddieK — Wed, 14 Jan 2015 04:10:09 GMT

@Anonymous wrote:
@I just got a pre-approval from DCU for 40K @ 1.49 for 65 months.

I pulled an app from them a few weeks back because I turned down the seller after more information was revealed. (He was hiding details)

So, they musta said, well we pulled credit already, here's a pre-approval.

They are making my buy finger jittery

@I can definitely relate...I thought I found the car I wanted so I got approved for a DCU loan for 35K @ 1.49 for up to 65 months. But of course it didn't have an option I have to have so it's a deal breaker. And my 30 days is up on the 23rd. Good luck to you finding what you want...I hope to do the same. But I've already made up my mind if I don't, I'll just re-app when I do find it.