**Update, They pulled Transunion, with a score of 583**
I am a new member of NFCU. Joined a little under 2 weeks ago, my direct deposit hasn't even started yet! (Will this week) NFCU already approved me for a CashRewards CC SL$3,200. So I figured why not try to see what they would do on my horrible 21.97% interest rate auto loan, and if I could get a better rate refinancing with them.
Current Loan: Opened 10/2017: Go Financial(Carvana) 21.97%apr, $23,853.65 financed, 71 month loan. $599/mo payment
NFCU Refi instant approval: 6.39%apr, $23,771.16 payoff, 48 months, $569/mo payment
Will save over $15,000 over the life of the loan! Unbelieveable!
My goal was to lessen the term length, and decrease interest. When they called to confirm the rep asked if I wanted to stretch the loan out to reduce monthly payment amount, but I was comfortable with those payments.
A check will be at my local branch to pick up and send over to GoFinancial for payoff.
NFCU has been VERY good to me!
Data points: 60k income
(Not true FICO) CreditKarma scores:
TU:570
EQ: 570
100% payment history
4 inquiries
Opensky CC: opened 3/2018: 18% utilization. $200 limit
Fingerhut freshstart: 2/2018: $124 balance
3 baddies/collections- 1 of which is medical
10 TLs of default student loans (in process of rehabbing)
I have learned so much by lurking on these forums, and now I'm on my way to setting up a great credit profile. I am done app'ing for now, in growth stage.
Congrats to you! Have any pointers?!?
