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

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
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 ?

5 REPLIES 5
Regular 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 6
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 6
Regular 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 6
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 score520(February/18) all 3
Current Score: 730EX, 745TU, 734EQ
Ex mortage- 681, TU- 701
EQ-- 679 fico

Goal Score: 760 by (10/19)



1st Buisnesd CC- Amex Simply $Plus-6/26/19- 2000 SL.
Personal Cc's

Cap1 qs-500-6/18,

5/19-Amex rose Gold npsl(25000-pot), 1st Disco it- 2000 5/18, 2nd Disco it- 2000-5/14/19

Dcu-3000-6/5/18

Amazon-6000-12/12/18

Walmart-5000 12/12/18,
Home depot- 2000-2/10/19

dcu2.74 Auto loan 6/18

CLI-3/4/19- 6/4/19,Amazon 500-2500-6000
Walmart 200-1000-5000, 1st disco-200(secured)-(unsecured 7th statement)cli-2000
Inquiries(scorable)-Ex-5,
Eq-2,
Tu-2

Garden from May 14th 2019- October 1st 2020

Goal score 775



Message 5 of 6
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...

Last inquiry 31 January 19. Going for Gold!

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