topic Interest rate reduction request for Line of Credit at a Credit Union in General Credit Topics https://ficoforums.myfico.com/t5/General-Credit-Topics/Interest-rate-reduction-request-for-Line-of-Credit-at-a-Credit/m-p/279399#M110419 <DIV>I have a line of credit with my credit union which is not reported on any CRA, will it result in a hard inquiry if I request a reduction in my interest rate? It's handy for overdraft protect and very short-term short falls, but with a lower interest I would consider using it for longer term projects and it's nice that it's off the radar as far as the CRA is concerned.</DIV><BR /><BR />Message Edited by macca1892 on <SPAN class="date_text">07-02-2008</SPAN> <SPAN class="time_text">12:46 PM</SPAN> Wed, 02 Jul 2008 19:46:21 GMT Anonymous 2008-07-02T19:46:21Z Interest rate reduction request for Line of Credit at a Credit Union https://ficoforums.myfico.com/t5/General-Credit-Topics/Interest-rate-reduction-request-for-Line-of-Credit-at-a-Credit/m-p/279399#M110419 <DIV>I have a line of credit with my credit union which is not reported on any CRA, will it result in a hard inquiry if I request a reduction in my interest rate? It's handy for overdraft protect and very short-term short falls, but with a lower interest I would consider using it for longer term projects and it's nice that it's off the radar as far as the CRA is concerned.</DIV><BR /><BR />Message Edited by macca1892 on <SPAN class="date_text">07-02-2008</SPAN> <SPAN class="time_text">12:46 PM</SPAN> Wed, 02 Jul 2008 19:46:21 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Interest-rate-reduction-request-for-Line-of-Credit-at-a-Credit/m-p/279399#M110419 Anonymous 2008-07-02T19:46:21Z Re: Interest rate reduction request for Line of Credit at a Credit Union https://ficoforums.myfico.com/t5/General-Credit-Topics/Interest-rate-reduction-request-for-Line-of-Credit-at-a-Credit/m-p/279554#M110442 <DIV>We don't know your credit union's policy. I recommend you call and ask them - no harm will come from asking, especially if you ask without giving them your name or account number.</DIV> Wed, 02 Jul 2008 21:54:21 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Interest-rate-reduction-request-for-Line-of-Credit-at-a-Credit/m-p/279554#M110442 Anonymous 2008-07-02T21:54:21Z