topic Re: DCU QUESTION in Auto Loans

DCU QUESTION

SSH0126 — Sat, 22 Aug 2020 13:00:56 GMT

Hi!

DCU if my husband and I are applying for a car(joint app) his scores are higher but mine are lower will the rate be based on his?

What score variation do they pull?

How long to we have to be members?

Re: DCU QUESTION

DaveInAZ — Sun, 23 Aug 2020 16:48:23 GMT

"his scores are higher but mine are lower will the rate be based on his?"

- Probably his, but DCU is pretty lenient, 670 or higher should get you approved. And agreeing to have a direct deposit into a DCU checking account and making your payment from a DCU account gets you a .5% discount on whatever rate they give you. And any amount of DD works, I have just enough of my paycheck to cover my payment going to DCU.

"What score variation do they pull?"

- Equifax Fico5, the score they provide you monthly.

"How long to we have to be members?"

- No requirement on length of membership, I joined & got my car loan at the same time.

Re: DCU QUESTION

SSH0126 — Sun, 23 Aug 2020 17:04:09 GMT

Right now my fico 5 is 627 and his is 680. no debt though. 1-3%uti

Re: DCU QUESTION

SSH0126 — Mon, 24 Aug 2020 16:29:22 GMT

Just to be clear it is Digital Credit Union in MA right?

Re: DCU QUESTION

DaveInAZ — Wed, 26 Aug 2020 15:18:49 GMT

Right, I've been a member since Oct. 2017. The 6.17% interest up to $1,000 on their savings account makes a nice rainy day fund.

www.dcu.org/

Re: DCU QUESTION

SSH0126 — Fri, 28 Aug 2020 00:55:58 GMT

I have one item in chex systems so I will pay that off. I am wondering how long it will take for chexsystems to remove the item.