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DCU

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Established Contributor

Re: DCU


@followgreatness wrote:
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

Right?

Correct.

Jax

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Then you are a fool. Be thankful that when God gave you a face, he gave you a fool's face
Message 51 of 63
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New Contributor

Re: DCU

Great! Thank you.
I will apply.
Message 52 of 63
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Frequent Contributor

Re: DCU


@followgreatness wrote:
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. 

Message 53 of 63
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New Contributor

Re: DCU

From all I have gathered it seems like DCU is a pretty good bet and you will likely get a good APR. I know you have done research on relevant threads as well.

I will apply sooner than that and can let you know my data points and outcome.
Message 54 of 63
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Frequent Contributor

Re: DCU

Agreed, well update this thread with DP's once you have them please!

Weird but during my research I saw some people report DCU pulling TU instead of EQ. I'm 100% curious when you apply who they pull and what scoring model.
Message 55 of 63
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New Contributor

Re: DCU

Interesting. Stay tuned.
Message 56 of 63
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New Contributor

Re: DCU

Message 57 of 63
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Frequent Contributor

Re: DCU

Congrats and thank you!
Message 58 of 63
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Frequent Contributor

Re: DCU

Hi 

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? 


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Wallet:
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Message 59 of 63
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New Contributor

Re: DCU

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. 

Message 60 of 63
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