It's just a EQ5 HP right? Do they deny membership for derogs on your file?
From what I have read, if either me of my better half joined, the other becomes eligible.
@sxa001 wrote:Has anyone gone the Purple Martin conservation route? I would rather spend $35 to help the birds, I don't even own a Bike, though may go that route if it is easier. When should I start lining up the required membership?
@sxa001, I haven't seen anybody do the Purple Martins. Good for you for picking something unique but your experience may vary. The nice thing about the bike club is you can sign up month-to-month for $5 per month, then cancel after a month or two so it's very inexpensive. Also, quick verification of membership since it is emailed immediately. And finally, it's a well-proven successful path while others have had mixed success with other methods.
Good luck and let us know how it turns out!
@spiritcraft1 wrote:It's just a EQ5 HP right? Do they deny membership for derogs on your file?
From what I have read, if either me of my better half joined, the other becomes eligible.
@spiritcraft1, it is an EQ5 pull and most of us found that score to be 30 to 50 points lower than our FICO 08's. The lowest documented approval was about 657 FICO EQ5. Putting that together, I'm not sure you will be approved FICO EQ 08 648 since EQ05 will probably be even lower.
They are particularly sensitive to higher DTI ratios, high student loan debt due to how they calculate repayment, and variable irregular income like that from commissions or self-employment. (They use conservative assumptions when income varies.). In general, they are a little conservative but I don't know about specific derogs.
Yes, family members are eligible to join after a new member is approved.
If you decide to proceed, definitely keep us posted and good luck!
@Aim_High wrote:
@spiritcraft1 wrote:It's just a EQ5 HP right? Do they deny membership for derogs on your file?
From what I have read, if either me of my better half joined, the other becomes eligible.
@spiritcraft1, it is an EQ5 pull and most of us found that score to be 30 to 50 points lower than our FICO 08's. The lowest documented approval was about 657 FICO EQ5. Putting that together, I'm not sure you will be approved FICO EQ 08 648 since EQ05 will probably be even lower.
They are particularly sensitive to higher DTI ratios, high student loan debt due to how they calculate repayment, and variable irregular income like that from commissions or self-employment. (They use conservative assumptions when income varies.). In general, they are a little conservative but I don't know about specific derogs.
Yes, family members are eligible to join after a new member is approved.
If you decide to proceed, definitely keep us posted and good luck!
Can you explain a bit more about how family members can join? I was fortunate enough to get the card, but how do I get family members started?
[2/2019]
@Aim_High wrote:
@spiritcraft1 wrote:It's just a EQ5 HP right? Do they deny membership for derogs on your file?
From what I have read, if either me of my better half joined, the other becomes eligible.
@spiritcraft1, it is an EQ5 pull and most of us found that score to be 30 to 50 points lower than our FICO 08's. The lowest documented approval was about 657 FICO EQ5. Putting that together, I'm not sure you will be approved FICO EQ 08 648 since EQ05 will probably be even lower.
They are particularly sensitive to higher DTI ratios, high student loan debt due to how they calculate repayment, and variable irregular income like that from commissions or self-employment. (They use conservative assumptions when income varies.). In general, they are a little conservative but I don't know about specific derogs.
Yes, family members are eligible to join after a new member is approved.
If you decide to proceed, definitely keep us posted and good luck!
I am at about 620 F05... my thought was to join but not apply for the card yet. By Feb or March, I should be well into the 700's. My Wife could be the first in also, she is at 720 or so. Both of us are at about 12% DTI. Verified income is no issue as we are both on payroll. Tax returns don't look great in the bottom line due to carried forward losses however. If they are looking for stubs, we are fine.
Are you saying membership might not be approved for me? Or the CC?
All my sister needed was my name to join. At most the member's number maybe be required. Though your name alone should suffice.
@Anonymous wrote:
@spiritcraft1 wrote:Would folks here recommend joining now in anticipation of clean reports in a few months? Seems like a good plan as who knows when the fence get's higher.
Yes I have been advocating for people who are interested to join ASAP because credit unions in general seem to be more likely to lend to an existing member in good standing than a member who signed up just to get credit.
Sorry, don't see it mentioned in the last bunch of pages, but is the membership a HP or SP? Can't tell whether that EQ FICO 5 pull is for the card or for membership.
Any idea on whether you should be an active member of the "SEG" that you used to join the CU at the time of CC application if it is some time later? How much better can a member with no status other than "member since X" be than a brand new person? I don't want to have to tie up any amount of money to stay fee free in the interim if I can avoid it.
as of 2/22/26
