I Did A Thing! Refinance Success

[Newbie2018]

Yesterday i refinanced my 10.95 apr to 5% apr at my local CU! I'm a year post bankruptcy as of February 2023. I am so so proud of me. 

Celebrating how much money i'm about to save :

[CYBERSAM]

Congrats on lowering your APR! Credit Unions for the win 👍👍

[LakeLife]

Congrats on all your hard work and success post BK!

[TRC_WA]

Congrats!  I plan on doing the same at NFCU with my Bronco financing later this year when my reports go clean.

[Newbie2018]

Thank you! I literally just  joined and the same day i applied! Navy told me no and pen fed told me 9.3% 😩

[Newbie2018]

I wasn't a year post discharge maybe that's why Navy told me no. I'll definitely see if doors open after June with Navy. Good luck 

[Newbie2018]

Thanks man! 

[TRC_WA]

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@Newbie2018 wrote:

Thank you! I literally just  joined and the same day i applied! Navy told me no and pen fed told me 9.3% 😩

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Yeah I got the same treatment when I joined Navy and PenFed last year.  I am building a relationship with both though as we speak... Penfed CC and Navy CC with direct deposit.

I prefer Navy by far and just waiting for my baddies to fall off later this year for the best possible refi rate.

[Newbie2018]

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@TRC_WA wrote:

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@Newbie2018 wrote:

Thank you! I literally just  joined and the same day i applied! Navy told me no and pen fed told me 9.3% 😩

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Yeah I got the same treatment when I joined Navy and PenFed last year.  I am building a relationship with both though as we speak... Penfed CC and Navy CC with direct deposit.

I prefer Navy by far and just waiting for my baddies to fall off later this year for the best possible refi rate.

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Definitely! I do hope rates somewhat go down i'd like a 2-3% apr. My secured graduated with Navy and i'm just awaiting on my 6 months to request the cli. I'm all done with Cards. I'm in the garden now that i've refinanced and gotten enough cards to show a good rebuild. Wouldn't mind the 25k hype but i'll wait til after next year when i start/finish home buying (can't wait)

Pen fed denied me a  CC because of "thin file" 

[TRC_WA]

@Newbie2018 

You sound exactly like me.    Good luck!