@CreditMagic7 wrote:
@AverageJoesCredit wrote:
@pip3man wrote:UPDATE: so I subnitted my last two paystubs as they requested. Tentatively denied. They said they do not consider quarterly bonuses and commissions as part of your income. And these compensation make up a significant portion of my total annual income. I am so pissed off and have to take this further cos it doesn't make any sense. I even submitted my most recent W2 form but instead they wanna strip off my quarterly payouts and determine my income solely on the base salary. Totally ridiculous. And in their defense, "we are a very small credit union so have to do things differently unlike the large institutions." We'll see how it goes, I'll update back with more info
We can't expect them to be a Penfed or Navy. I didn't even follow up on the request for the Hook membership and license. I need to let these pop up FOTM cards /CU go. Have enough credit/creditors and don't need another who won't lend to me lol. Good luck to those who pursue this
.
Would been cool if the CU was as fast as BombayHook membership. Already got in the USPS mail member card and introduction papers etc. However now that's done i'm content to wait since i have new accounts still yet to land on the CRAs.
Lol I got the letter same day as my new cc from another lender
. At least my 15 bucks went to a good cause
Still playing phone tag. I sent in paystubs but have not heard back.
@Metalcards wrote:Still playing phone tag. I sent in paystubs but have not heard back.
@Metalcards Yeah, they're busy. I actually heard back from them within 24 hours after I applied (Monday) for both membership and credit card. I first received a system message, then a call the following morning (Tuesday). On the call the processor verified income and went over loan closing questions with me to get ahead of the next step. She also requested priority processing of membershp. That could mean the difference between 5 days to 3 days. The processor working on your file contact information should be in the first message you received from them. You could email that person direct instead of phone tag.
I am now just waiting for the membership to be finalized which ironically is taking longer than the credit card but in fairness it's only been two business days for me. Given it's taken longer for some credit unions to even acknowledge your application, I'm very happy with the results so far. Once complete and I have confirmation emails I'm going to create a recommendation post. Given the size of this CU and their response thus far, I am very happy I chose to go for it. I chose the CB card, my preapproval $35k @15.99 and approved starting line matched up perfectly.
Patience has its rewards...Good luck with your application!
@ocheosa wrote:
@Metalcards wrote:Still playing phone tag. I sent in paystubs but have not heard back.
@Metalcards Yeah, they're busy. I actually heard back from them within 24 hours after I applied (Monday) for both membership and credit card. I first received a system message, then a call the following morning (Tuesday). On the call the processor verified income and went over loan closing questions with me to get ahead of the next step. She also requested priority processing of membershp. That could mean the difference between 5 days to 3 days. The processor working on your file contact information should be in the first message you received from them. You could email that person direct instead of phone tag.
I am now just waiting for the membership to be finalized which ironically is taking longer than the credit card but in fairness it's only been two business days for me. Given it's taken longer for some credit unions to even acknowledge your application, I'm very happy with the results so far. Once complete and I have confirmation emails I'm going to create a recommendation post. Given the size of this CU and their response thus far, I am very happy I chose to go for it. I chose the CB card, my preapproval $35k @15.99 and approved starting line matched up perfectly.
Patience has its rewards...Good luck with your application!
@ocheosa Thanks for info. I did receive an email asking for paystubs (which I sent same day) but have not heard back. I called to today to confirm they had received them but went straight to voicemail.I was pre approved for 48k @ 6.99.
For that amount I will wait as long as it takes. 