topic Re: PSECU question in Credit Cards

PSECU question

grussell70 — Sun, 19 Dec 2010 01:56:29 GMT

got a question members. i got accepted to psecu and i decided to apply for the visa card friday. i checked my status and it says your loan is on hold for the following reason(s): verification that all collection accounts have been satisfied. i only have one collection and that is CMI for 437.00 paid it about 4days ago however it is not reporting as paid. it is showing as a dispute on the credit report because i did not agree with the amount and i disputed it. the amount was twice what i paid. how would they verify that is has been paid and do you think i have a chance of getting approved.

Re: PSECU question

Anonymous — Sun, 19 Dec 2010 14:09:46 GMT

Call them. Let them know you have proof that it was paid 4 days ago. statement from bank or copy of receipt or what not might work. talk to them

Re: PSECU question

grussell70 — Mon, 20 Dec 2010 03:11:06 GMT

thx im calling first thing in the morning.

Re: PSECU question

grussell70 — Mon, 20 Dec 2010 23:11:51 GMT

account update. i sent the letter to psecu stating that the collection had been paid and the loan officer said the visa was approved for 10,000.00. my activation notice was on line in minutes after the approval over the phone. already faxed the signed document in. WOW!!!! I have never had a credit line that big ever. i just recently bought a car i wonder if they would re-finance it for me for that low 3.99 interest rate.

Re: PSECU question

Creditaddict — Mon, 20 Dec 2010 23:24:08 GMT

Have you found out what your EX score was that got you approved for 10k?

Re: PSECU question

grussell70 — Mon, 20 Dec 2010 23:34:32 GMT

nope not yet. it's not available online through them yet and i was so excited i got approved i forgot to ask. i will call them tomorrow and ask. hopefully they will tell me over the phone. i'm gonna be to happy to tell orchard credit card goodbye..... i can tell you i have a dismissed bankruptcy that will be 6 yrs old in march 2011, a paid judgement for 2300 that is coming off 11/2011, and some late pays over a year ago on my home but since i have two auto loans paid for and never been late and the credit cards with low limits i've had for 3yrs never been late. also a second mortgage never late.

Re: PSECU question

grussell70 — Mon, 20 Dec 2010 23:36:14 GMT

oh @ creditaddict when i got my car last month my auto enhanced for experian was 734.

Re: PSECU question

clocktick — Tue, 21 Dec 2010 04:35:15 GMT

Wow, congrats! Did they ask for household or individual income? Would you mind sharing what it was?

Just wondering because I'd like to apply too...after a couple baddies fall off. Do you have any baddies?

Re: PSECU question

grussell70 — Wed, 22 Dec 2010 16:27:48 GMT

@ clocktick thanks. i provided individual income of 80,000.00. read my earlier post. i listed my baddies. i hope you get approved. let us know how it works out.

Re: PSECU question

Anonymous — Mon, 11 Apr 2011 16:13:39 GMT

Any recent updates on this?

I just got off the phone with a csr and I asked a few questions that pertained to my situation. My Ex score is 656 due to a 85% util which I am paying off this month in full. I have paid collections from 2008 which will fall off 4/12 but she said they look to see you don't have "open" collections or bankruptcy as well as credit payment history. Since getting my car and credit cards my payment history is excellent. My car loan is 2 years old and my credit cards are only 1 (I got all three cards a month apart)

I asked if my lenght of history mattered and she said she didn't see any problems with that but that they needed to pull a full credit report. They first pull experian and then tu.

Anyone with similar credit recently approved and for how much?

Re: PSECU question

grussell70 — Mon, 11 Apr 2011 16:57:39 GMT

hi lovinmyfico. psecu only pulls experian and make sure that your bk is discharged or dismissed and that all collections are paid. if the collection is paid and has not updated on your credit report yet get a letter from them stating that it is paid. i have a paid collection and a 6yr old bk. my utilization is at 8%. they gave me a 20,000.00 credit card and a auto loan for 20015.00 with a 3.99% interest rate. if you want the cc ask for the exact amount you want because they will hard pull everytime you want a credit line increase or any type of credit. it could be a day apart and they will pull your credit again. hope this helps.

Re: PSECU question

vish1 — Mon, 11 Apr 2011 16:59:15 GMT

Just 1 point to remember for anyone applying for PSECU card. It is a NO rewards card.

Re: PSECU question

Anonymous — Mon, 11 Apr 2011 18:50:36 GMT

Hi grusell70,

I don't have a bk, and my collections were paid in 2008. I was just commenting on what the csr told me what they look for and what are the considerations for anyone else looking to apply.

Thank you for your information though, I would probably shot for 20k and see what they counter offer. I'm going to wait until July when things are looking much much better on my reports

Congrats btw