topic Re: Gain Federal Credit Union Refinance Approved in Auto Loans

Gain Federal Credit Union Refinance Approved

Creditaddict — Mon, 13 Jan 2020 23:14:47 GMT

I had to send most of my life to them since I'm self-employed but finally after 8 emails and a phone call it was approved!

I went from 14.9% with Capital One on 72 months to 3.59 on 60 months. My payment dropped $110!

Re: Gain Federal Credit Union Refinance Approved

AllZero — Mon, 13 Jan 2020 23:16:17 GMT

Congratulations on your approval!

Re: Gain Federal Credit Union Refinance Approved

Anonymous — Mon, 13 Jan 2020 23:40:52 GMT

Congratulations on the refinance at a significantly better rate.
Going forward I wouldn't even bother telling a Credit Union you're self employed. I've yet to come across one that makes loan funding or credit card applications easy for someone that is. They'll usually request past two years of tax returns. I always list my business name, myself as a manager and it's as easy as sending over a copy of my ID and the refinance is finalized.

Re: Gain Federal Credit Union Refinance Approved

Creditaddict — Wed, 15 Jan 2020 05:58:56 GMT

@Anonymous wrote:
Congratulations on the refinance at a significantly better rate.
Going forward I wouldn't even bother telling a Credit Union you're self employed. I've yet to come across one that makes loan funding or credit card applications easy for someone that is. They'll usually request past two years of tax returns. I always list my business name, myself as a manager and it's as easy as sending over a copy of my ID and the refinance is finalized.

I agree! I never say I'm self-employed but upon income verification being requested then it changes!

Re: Gain Federal Credit Union Refinance Approved

pizza1 — Mon, 20 Jan 2020 04:54:09 GMT

Thats fantastic CA!!! YAY, congrats! What an accomplishment!

Re: Gain Federal Credit Union Refinance Approved

Anonymous — Thu, 23 Apr 2020 03:09:38 GMT

@Creditaddict I am thinking about joining them and requesting a credit card but am self-employed also. What all did they ask you to send in?

Re: Gain Federal Credit Union Refinance Approved

Creditaddict — Thu, 23 Apr 2020 03:50:02 GMT

@Anonymous wrote:
@Creditaddict I am thinking about joining them and requesting a credit card but am self-employed also. What all did they ask you to send in?

I first joined years ago when it was Burbank credit union and I drove for Uber and lift and they used my weekly statements to establish my income.

fast forward now I'm in a different business they used tax returns bank statements and loan receivable statements to establish income.

I'll send anything and everything if someone is willing and seems to know what to look for.

just personal taxes usually is worthless because of losses but if they will combine it with business too we can start to get somewhere!

only a couple employees that you work woth and once you have 1 depending on loan, you are only dealing with them so it's a bit easier and not have things lost in translation!!

Re: Gain Federal Credit Union Refinance Approved

Anonymous — Thu, 23 Apr 2020 04:22:31 GMT

Hmm, I applied with Unify and they wanted my taxes with my schedule C showing business income for a $2500 line then got denied because of my losses and net income from business. Tried PenFed they also pre-approved then ended up denying me due to length of time accounts established and because of inquiries but I have a BK only showing on Experian. Might try my luck with PACU. Appreciate the info.

Re: Gain Federal Credit Union Refinance Approved

snickerpedia — Thu, 23 Apr 2020 21:10:59 GMT

Congratulations!!

any data points about joining gain Fcu?? Hard or soft pull?? Chex systems/sensitive??

Re: Gain Federal Credit Union Refinance Approved

Creditaddict — Thu, 23 Apr 2020 21:12:04 GMT

@snickerpedia wrote:
Congratulations!!

any data points about joining gain Fcu?? Hard or soft pull?? Chex systems/sensitive??

no pull that I know of.

no chex system

Re: Gain Federal Credit Union Refinance Approved

Anonymous — Thu, 23 Apr 2020 22:10:04 GMT

@snickerpedia I applied last night for just a membership and they denied me due to Chexsystems inquiries. I had applied with Apple FCU and Unify and today when I called, they said due to amount of inquiries for banking accounts they are unable to grant me a membership at this time. I would say due to that they are Chexsystems sensitive. She did say they don't pull credit reports for the membership only loan products and credit cards.

Re: Gain Federal Credit Union Refinance Approved

recoveringfrombk7 — Sun, 26 Apr 2020 04:18:10 GMT

Woot woot!