topic Re: Langley FCU? in Auto Loans

Langley FCU?

Anonymous — Fri, 30 Mar 2018 19:13:12 GMT

I wasn't able to find much on here so thought I'd share what I got from speaking with a rep earlier:

1 HP for membership and 1 for auto loans

They cannot use the same because they pull different scores

She said they use the same membership HP score for credit cards and personal loans

She actually had to put me on hold to find out who they pull for Auto

It's supposedly EQ Fico 8 and top tier is 740+

She was unsure if they used EQ Auto Fico 8 or Regular EQ Fico 8

Preapproval good for 30 days

They do still offer interest rate reductions down the life of the loan (like how DCU used to do) for good behavior

For approvals they look at more than scores, your overall credit profile

TOP TIER RATES BELOW

There is a 0.50% rate reduction for having the Active Checking account

Rates for vehicles age 2013-2018

2.30% up to 48 months (w/o checking)

1.80% up to 48 months

2.50% 49-60 months (w/o checking)

2.00% 49-60 months

2.75% 61-66 months (w/o checking)

2.25% 61-66 months

3.25% 67-75 months (w/o checking)

2.75% 67-75 months

4.25% 76-84 months (w/o checking)

3.75% 76-84 months

Add 1% to the above for Top Tier rates for vehicles age 2012 and older

Re: Langley FCU?

Anonymous — Wed, 21 Mar 2018 22:16:12 GMT

Anyone familiar with Langley or can provide their personal experience and more insight?
Is membership strict? Do they require direct deposits like DCU for the reduction?

Re: Langley FCU?

Anonymous — Wed, 21 Mar 2018 16:35:26 GMT

I was told EQ fico5 for membership & credit/loan accounts, no chexsys at all & 740+ on EQ fico 5 gets you top tier rates.

Did you you open your account with Langley for credit cards PLoc . R u certain what scores were used.

Re: Langley FCU?

Anonymous — Wed, 21 Mar 2018 22:13:45 GMT

They probably do pull EQ5 for membership.
I never asked what they pulled for membership. The lady was already confused. I only asked if they could use the same membership pull for auto loan applications. I was told no they can only use the same membership pull for creditcard and personal loans but for auto loans they pull a totally different Fico score. I don't have any accounts with them. I just called inquiring and was told the above. In a recent thread regarding refinancing an auto loan someone said they were told Fico9 was pulled for auto loans and as you can see I was told Fico8. It seems it's either hit or miss in getting a rep on the phone who is knowledgeable and providing accurate information. For reference I called at 10am yesterday and pressed the phone prompts to speak with a loan specialist supposedly so it wasn't as if I called after business hours and received a regular customer service rep.

Re: Langley FCU?

Anonymous — Sat, 31 Mar 2018 20:44:15 GMT

Did you get a letter in the mail about your approval for credit cards/loans/ autoloans?

did you get approved for the auto refinance/auto loan credit cards?

Your Data Points please?

Re: Langley FCU?

Anonymous — Thu, 31 May 2018 06:40:19 GMT

Thanks LINYGirl and Co. for the info on Langley. I was actually turned down by them a little over a month ago, when I applied for a $15,500 auto loan. I had applied online and received a letter by mail stating they would not extend me the credit because my "debt to income ratio exceeds LFCU guidelines" and my "level of indebtedness exceeds LFCU guidelines."

They did a single hardpull on Equifax. Interestingly enough, I believe you can apply for the auto loan without applying for membership. I applied directly for the auto loan, and there was no mention of membership on the application. And my denial letter only mentioned my application for the auto loan (no mention of membership). I guess that is why I only had one pull instead of two, like LINYGirl said is their protocol.

Until I read this post, I was actually considering applying for membership with them. I figured I might as well make use of the ding to my Equifax report and see if they can use it to consider me as a member, just in case I decide to use any of their services down the road. But if it would mean another HP on my record, then no thanks.

My assumption was that Langley is pretty strict, because immediately following their rejection I was accepted for the same loan by Bank of America at 5% APR, Vystar Credit Union at 4%, and First Florida Credit (can't remember exactly but I think it was around 5%). I settled on Vystar, and have been very happy with them so far. All's well that ends well I suppose.

Re: Langley FCU?

SouthJamaica — Fri, 03 Aug 2018 21:27:34 GMT

@Anonymous wrote:
Anyone familiar with Langley or can provide their personal experience and more insight?
Is membership strict? Do they require direct deposits like DCU for the reduction?

In my book they are great: superb customer service, great products.

Membership is easy, anyone can join.

No they don't require direct deposits. But it's good to use them for direct deposits because they make them available 2 days early.

Re: Langley FCU?

Anonymous — Mon, 06 Aug 2018 00:11:49 GMT

langley denied my credit card application wiith a 750 credit score and pre approvel

these guys are ultry conservitive