I just got $66K loc on a softpull w no docs. really

[Anonymous]

Congratulations!

[Anonymous]

Do you live in a state where a PNC bank branch is located?

[bourgogne]

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@Anonymous wrote:

Do you live in a state where a PNC bank branch is located?

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No, I am in socal.  I have the out of geo bloc and a consumer based virtual wallet.  the bloc is also secondary overdraft, if there is 0 in both the VW checking accounts it will transfer funds in $50 chunks.  bill pay is next day for electronic.  VW interface is clean.  customer service the few times I have contacted them has been excellent.  init % was 10.99, I am at 4.99 now and they say that is where I am going to stay for some factors beyond my pay grade.  no argument from me, this is my main bill pay now, I don't mind the ~$100 of % it will cost me.  aside from the % there are no maintenance fees on the bloc and the VW is n/c >62.  I have nothing but praise for the lender. 

[Anonymous]

I just went through the application, but it did not complete, it told me based upon my location (Florida) I was only eligible for the Choice Line of Credit with a $175 annual fee.  I didn't continue based upon the other members here having to jump through hoops, take a hard pull and open a checking account.  It would be easier for me to just ask BoA for a larger line

Edit: I figured, why not I'd just go on and fill out the next page... When I entered my business revenue ~$2.5MM  it told me they could not take my application online and I would need to speak to a representative.  I passed.

[startover909]

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@bourgogne wrote:

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@Anonymous wrote:

Do you live in a state where a PNC bank branch is located?

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No, I am in socal.  I have the out of geo bloc and a consumer based virtual wallet.  the bloc is also secondary overdraft, if there is 0 in both the VW checking accounts it will transfer funds in $50 chunks.  bill pay is next day for electronic.  VW interface is clean.  customer service the few times I have contacted them has been excellent.  init % was 10.99, I am at 4.99 now and they say that is where I am going to stay for some factors beyond my pay grade.  no argument from me, this is my main bill pay now, I don't mind the ~$100 of % it will cost me.  aside from the % there are no maintenance fees on the bloc and the VW is n/c >62.  I have nothing but praise for the lender. 

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How did you get them to lower the interest rate? 

[bourgogne]

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@startover909 wrote:

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@bourgogne wrote:

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@Anonymous wrote:

Do you live in a state where a PNC bank branch is located?

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No, I am in socal.  I have the out of geo bloc and a consumer based virtual wallet.  the bloc is also secondary overdraft, if there is 0 in both the VW checking accounts it will transfer funds in $50 chunks.  bill pay is next day for electronic.  VW interface is clean.  customer service the few times I have contacted them has been excellent.  init % was 10.99, I am at 4.99 now and they say that is where I am going to stay for some factors beyond my pay grade.  no argument from me, this is my main bill pay now, I don't mind the ~$100 of % it will cost me.  aside from the % there are no maintenance fees on the bloc and the VW is n/c >62.  I have nothing but praise for the lender. 

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How did you get them to lower the interest rate? 

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I did nothing.  started at 10.99 when I got the loan in 07/19.  I think about 5-6 weeks later I noticed it was 10.49 and didn’t think much of it.  then sometime in 10/19  it went to 4.99 and that is when I called them.  I said there was some sort of glitch and that they back-end went haywire.  The csr reached out to some sort of higher tier dept, I was on hold for a while.  Came back and said that based on their lending criteria that is my new rate.  I said for how long and the csr said that it will not change, that it’s a fixed rate for the term of the loan.  Still seems very odd to me.  I have a car loan from penfed at 1.99 that has been in play since 10/16.  Assuming it ended today a refi would be 2.99.  that is a secured loan.  To pay ~2.00 more for an unsecured loc makes zero sense to me but they must know what they are doing, they are not a 400B lender based on luck

[startover909]

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@bourgogne wrote:

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I did nothing.  started at 10.99 when I got the loan in 07/19.  I think about 5-6 weeks later I noticed it was 10.49 and didn’t think much of it.  then sometime in 10/19  it went to 4.99 and that is when I called them.  I said there was some sort of glitch and that they back-end went haywire.  The csr reached out to some sort of higher tier dept, I was on hold for a while.  Came back and said that based on their lending criteria that is my new rate.  I said for how long and the csr said that it will not change, that it’s a fixed rate for the term of the loan.  Still seems very odd to me.  I have a car loan from penfed at 1.99 that has been in play since 10/16.  Assuming it ended today a refi would be 2.99.  that is a secured loan.  To pay ~2.00 more for an unsecured loc makes zero sense to me but they must know what they are doing, they are not a 400B lender based on luck

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Thanks for the info. May I ask what your usual usage pattern is like? Draw amount/time to pay off etc.

[bourgogne]

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@Anonymous wrote:

I just went through the application, but it did not complete, it told me based upon my location (Florida) I was only eligible for the Choice Line of Credit with a $175 annual fee.  I didn't continue based upon the other members here having to jump through hoops, take a hard pull and open a checking account.  It would be easier for me to just ask BoA for a larger line

Edit: I figured, why not I'd just go on and fill out the next page... When I entered my business revenue ~$2.5MM  it told me they could not take my application online and I would need to speak to a representative.  I passed.

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pnc.com/businesslending is for out of footprint.  you are in fl.  the product is not for you

[bourgogne]

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@startover909 wrote:

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@bourgogne wrote:

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I did nothing.  started at 10.99 when I got the loan in 07/19.  I think about 5-6 weeks later I noticed it was 10.49 and didn’t think much of it.  then sometime in 10/19  it went to 4.99 and that is when I called them.  I said there was some sort of glitch and that they back-end went haywire.  The csr reached out to some sort of higher tier dept, I was on hold for a while.  Came back and said that based on their lending criteria that is my new rate.  I said for how long and the csr said that it will not change, that it’s a fixed rate for the term of the loan.  Still seems very odd to me.  I have a car loan from penfed at 1.99 that has been in play since 10/16.  Assuming it ended today a refi would be 2.99.  that is a secured loan.  To pay ~2.00 more for an unsecured loc makes zero sense to me but they must know what they are doing, they are not a 400B lender based on luck

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Thanks for the info. May I ask what your usual usage pattern is like? Draw amount/time to pay off etc.

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np.  there is no real pattern, last month I think I was up to ~$32K and I paid it all off.  I had a few credit cards with 0% that I needed to pay off and I was in europe for 5 weeks in oct so I settled those charges.  my outgo for bills is not that much, I think this month will be about ~$5-6k.  they don't see to care, a few reps said that to keep an account in good standing all that needs to be done is the min payment.  I called them last year about use and they said I could take all the way to the limit without issue.  they seem to be pretty relaxed about it all but then again I am still in the honeymoon phase.  before I got this loc I looked at all the rest and it was either poi, returns, maintenance fees, a rigid vibe that all left me cold.  I got nothing like that with pnc, they seemed normal for lack of a better word even from the start.  you know for every person that loves something there are a zillion that hate this or that about anything.  chase and pnc have both been super positive for me.  so has amex.  the individuals I dealth with the orignial app are danny, leslie and jack kramer - how could you forget that name lol. 

[Anonymous]

Congratulations on your approval!