Just to confirm on this thread,
DCU membership is no HP
Auto loan is a EQ Mortage 5 HP
HP for auto loan can be used for CC
Great! Thank you.
I will apply.
Just applied for DCU membership today 06/19/19 @1800 PST and i'm awaiting membership approval. I'm going to be in the market for a new car in 6-8 months and wanna make sure I have 3 solid CU's to apply to. I don't wanna apply inside the dealership and have them HP me 9+ times around for multiple lenders—(I know FICO scores this as 1 HP within 30 days) but it looks bad regardless and I'm OCD about HP's.
NFCU - FICO EQ ????
BECU - FICO TU Auto Enhanced
DCU - FICO EQ Mortgage 5
The above will be my CU's of choice for the best auto loan rates.
I know this thread is a little old but I just wanted to ask about the DCU approval for auto.
my EQ mortgage 5 is 576, the others are 640. I don't know why that one is so much worse but I doubt I would get approved for the auto loan with that correct?
my fico 8 EQ is 633, others are 644 and 636.
why do they use the mortgage 5 for auto loan?
Not sure why they use Fico 5 but that's their style.
I'll let others chime in but I don't think you stand a good chance to getting anything near a good rate even if you do get approved.