topic Re: NFCU LOC in Credit Cards

NFCU LOC

hersheykisses — Mon, 01 Apr 2013 22:49:08 GMT

NFCU members please chime in, i was just sent the promissary note for the 10k LOC i was approved for i was pretty upset to see the interest rate its 15.9%!!!! My credit cards are 12.99% i was expecting the same or less of interest rate. Is this a normal interest rate for LOC?

Re: NFCU LOC

Rhaeny — Mon, 01 Apr 2013 23:37:00 GMT

Yea that's what I got too but didn't too much worry about it. Whenever I use it, it will be sparingly anyway so no skin off of my back. It's sure as hell better than one of those payday loans I keep hearing about .

Re: NFCU LOC

madmann26 — Mon, 01 Apr 2013 23:57:08 GMT

^^^^ this.

Re: NFCU LOC

j_casteel — Tue, 02 Apr 2013 00:22:33 GMT

~16% is about average for the NavChek

Re: NFCU LOC

webhopper — Tue, 02 Apr 2013 01:06:44 GMT

Mine is 14.9% and my cashRewards card is at 12.65%...

So ya, its higher than the credit card APR

Re: NFCU LOC

coachmiff — Tue, 02 Apr 2013 10:20:10 GMT

the best apr they offer on loc is 13.9

Re: NFCU LOC

Smug — Tue, 02 Apr 2013 10:31:13 GMT

I use my PSECU line of credit more at 12.9 Never used my NFCU.

Re: NFCU LOC

sosabe77 — Tue, 02 Apr 2013 10:41:41 GMT

Yup, that's pretty common.