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Does DCU still exclusively use EQ 5 mortgage for their pulls ?

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New Member

Does DCU still exclusively use EQ 5 mortgage for their pulls ?

I have two cards with DCU and am looking to increase the SL/apply for a personal loan with them.

 

Back in January when I was approved, they pulled only EQ. I have since read that they specifically pull EQ 5 for mortgages.

 

Is this still the case ?

Is it for all products ?

6 REPLIES 6
Highlighted
Frequent Contributor

Re: Does DCU still exclusively use EQ 5 mortgage for their pulls ?

Yes they are still using EQ 5 for all credit products.

I didn’t know you could have two cards with DCU. How long have you been a member and what was the length of time between both apps?


Message 2 of 7
New Member

Re: Does DCU still exclusively use EQ 5 mortgage for their pulls ?

In January of this year I became a member and applied with a thin, yet clean file.
Got a call back from a CSR and told me I was approved for the first one, Platinum, for 10k.
Wanting to maximize the pull, I asked if I could be considered for a second one, the Rewards card. Approved for 10k as well.
They did go through a VOI a few days later which was harrowing...but I sent in the docs, and all was good.
Overall I like them.
I've been using the cards for business expenses which gets replenished every 2-3 months. Currently I'm on 80 percent utilization on both cards which will be paid back in 2 months.
I would assume zero chance of any additional lines/ increases until the utilization is down to under 30 percent, correct ?
Message 3 of 7
Frequent Contributor

Re: Does DCU still exclusively use EQ 5 mortgage for their pulls ?

I think 90 days after I joined I got a pre approved $5K CLI to $10KSL with zero use. I would say under 30% Util would be ideal. Watch for pre approved offers in your loan suite.


Message 4 of 7
Frequent Contributor

Re: Does DCU still exclusively use EQ 5 mortgage for their pulls ?

Dcu initially gave me a card with 2000 limit I asked immediately if I could have a higher limit so they gave me 3k.
The only problem was they opened a second cc with a 1k sl. Then closed it the next day. I tried to dispute and fix anyway I could. But now it's older than my aaoa. So I let it report.
My point was even though it was a mistake dcu gave me 2 cc same day..
br>Starting score(February 2018)-520
Current Score: FICO 8- 742EX, 755TU, 745EQ, *GOAL*(Raise EQ mortgage to 730)..MORTGAGE-EQ-709,EX693.
Goal Score: 775 by (03/2020)
Buisness CC- Amex SimplyCash Plus® -6/26/19- 1300-
Amex Blue Business Plus Card -6000-8/6/19-
Personal Cc's
9/17/19- Citi® / AAdvantage® Platinum Select® WEMC-7500 sl.
7/19 Citi rewards+(wmc) 6900
5/19- American Express® Rose Gold Card-NPSL(25000-pot), 5/18-1st Disco it- 2000 , 5/19-2nd Disco it- 2000
6/18-Dcu-3000-
12/18 Amazon-6000-AND-Walmart (store cards)-6000, 2/19-Home depot- 2000-
6/18-dcu2.74 Auto loan(40% paid off)
Goal score 800



Message 5 of 7
Super Contributor

Re: Does DCU still exclusively use EQ 5 mortgage for their pulls ?

Yes, they still use EQ5 for everything...

 

...and if you are certain that your overall utilization will be under 28.9% in a few months, I would just wait...  lower utilization/higher credit score/higher starting line and/or CLI traditionally...

10/01/19 Fico 8: EX 717, EQ 721, TU 742.

Zero percent financing is where the devil lives...
Message 6 of 7
Valued Member

Re: Does DCU still exclusively use EQ 5 mortgage for their pulls ?

I'm trying to find this out myself. Do they exclusively use EQ mortgage 5 or do they use a specific fico 5 for different products. IE bankcard 5 for cards and auto 5 for auto loans?

My auto 5 is much higher than my mortgage 5 so knowing the specifics would be extremely helpful.
Message 7 of 7
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