Aod fcu allot of Documents

[Jccflat]

So my friend applied for the aod fcu He has good credit and they sent them an email with doc sign to send all these documents is it worth it to send all this personal documents does it mean he has a  approval for the card card ?

[TheRedHat]

I just received that email from AOD today, as well. If it's like most credit unions, it is simply a part of the application process and not an approval. I had to do this for Affinity and a local credit union, as well.

[Jccflat]

Is it safe to give them all this docs ? 
hes asking are they Generous with the credit lines ? 
is DTI is 4%

[DJRobbieD]

Yes, it's safe.  Everything is processed through DocuSign.  This is standard for AOD and other credit unions.

With sufficient income and low DTI, he may get a generous SL.

[pauldc73]

Don't forget to update us with what SL was received as soon as you know!

[coldfusion]

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@Jccflat wrote:

Is it safe to give them all this docs ? 
hes asking are they Generous with the credit lines ? 
is DTI is 4%

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That would depend on what one means by "Generous".   They will not extend more than $25K total in unsecured credit across all products.

Whereas 20 months ago $20-$25K Visa Signature SLs were pretty common around here that ship appears to have sailed and now $5-10K is more common.  They also like low DTI but I remember gripes here about having to go through hoops if you are self employed or have student loans.

[sugarcreek67]

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@coldfusion wrote:

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@Jccflat wrote:

Is it safe to give them all this docs ? 
hes asking are they Generous with the credit lines ? 
is DTI is 4%

---

That would depend on what one means by "Generous".   They will not extend more than $25K total in unsecured credit across all products.

Whereas 20 months ago $20-$25K Visa Signature SLs were pretty common around here that ship appears to have sailed and now $5-10K is more common.  They also like low DTI but I remember gripes here about having to go through hoops if you are self employed or have student 

They asked for POI from me due to self employment.  DTI i think was under 9% when I applied approved for 15k

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[PullingMeSoftly]

@Jccflat Let your friend know that when they ask for a selfie holding up a sign with "AOD" written on it, it's legit along with the document requests.

[Jccflat]

Yea what is the reason they need the selfie ? Is to make sure it's matching the DL ?

also they asked for 2 years tax returns is this  the first page of the tax return ?

[ptatohed]

You have to jump through "allot" (a lot) of hoops for sure.  But it is legit and it is worth it (if you want the card).  They ask you what you want the credit limit to be in the application.  I wanted to 'rock the boat' as little as possible so I chose the lowest at $5,000.  I regret that.  I wish I had asked for at least $10,000.  Oh well.