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Scores refinance DCU ?

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Established Contributor

Scores refinance DCU ?

My stepson has got himself a predatory loan for his 2015 Mitsubishi Outlander.

Something like 28%.

His best score right now is Equifax and as of March that was 610.

Since DCU is a primary EQ puller and uses EQ 5 it would be an obvious choice to try for a refinance.

I'm wondering if they will do this at an approximate 610 EQ 8 ( EQ 5 is either 623 or 638)

His AooA is 9yr 11mo

AAoA 6yr 5 mo

But that is for two Cap One cards in good standing but cancelled years ago.

His most recent is Fingerhut 7 months....a 1 month old Cap One Secured.....and the Auto lates on any of the closed or present accounts.

He has one collection account reporting for 400$.

5 Inq


Working on the LTV but need some more info from him first.....DCU will do 120% I believe.


Wondering if anyone has had scores in this range and got refinance from DCU ?



Then you are a fool. Be thankful that when God gave you a face, he gave you a fool's face
Message 1 of 5
Frequent Contributor

Re: Scores refinance DCU ?

DCU will finance poor credit loans 11.99% to 14.49% depending on length of the loan.

LTV will do 120% not sure if they change that with a low score.


However DCU may have other standards for example they generally will not do a car loan prior to 2 years post discharge for a bankruptcy.


DCU is a wonderful credit union so it's worth a shot.  The lowest score I had when getting a car loan with them was 650.



Message 2 of 5
Regular Contributor

Re: Scores refinance DCU ?


Starting CK FAKOS 6/28/2018
TU 503
EQ 498
Discover EX 537

FICO Score 8 7/7/2018
EX 557
TU 566
EQ 514

Current FICO Score 8 as of 6/29/2019
EX 653
TU 652
EQ 611

Goal Score 675
Message 3 of 5
New Visitor

Re: Scores refinance DCU ?


I just got approved with for refinancing with DCU. My vehicles value is way below what I owed on it. They applied the 120% to my situation. My EQ score was 580 when they pulled it. My interest rate is down from 18% with the predatory loan I had before to now 11.49%. The whole process took 1 day.

Message 4 of 5
Established Contributor

Re: Scores refinance DCU ?

@Harmony12 wrote:


He tried. They stated his DTI was too high.

He makes approximately 30k a year so I see what they saw.

Ended up refi through Cap1 at 14%.

He'll try again in a year or so.


Then you are a fool. Be thankful that when God gave you a face, he gave you a fool's face
Message 5 of 5
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