Question about nav FCU application procedure.

[Anonymous]

Ducky just told me about the nav fcu & it looks pretty darned good-thanks ducky!!. DH would definitely get accepted since he's a Navy vet w/good credit. Only thing is we have a big balance to transfer from a high-interest card, & we'd like to pay off as much as possible w/a 0% int. BT card & transfer the rest to the navy card. DH has a current salary & I don't, so even though his CSs average around 680 & mine are around 740 (no idea why) he should be the one to apply.

Here's the question: is there any way to find out what the interest rate & CL would be before he applies, so we can know how high a transfer would be approved & figure out how much principle we'd be able to pay off at 0%?

It's late here & my brain's lost its figure-juggling ability for the night, so I hope this post makes sense. I'll check back tomorrow after a decent night's sleep.

[Anonymous]

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dazed wrote:
Ducky just told me about the nav fcu & it looks pretty darned good-thanks ducky!!. DH would definitely get accepted since he's a Navy vet w/good credit. Only thing is we have a big balance to transfer from a high-interest card, & we'd like to pay off as much as possible w/a 0% int. BT card & transfer the rest to the navy card. DH has a current salary & I don't, so even though his CSs average around 680 & mine are around 740 (no idea why) he should be the one to apply.

Here's the question: is there any way to find out what the interest rate & CL would be before he applies, so we can know how high a transfer would be approved & figure out how much principle we'd be able to pay off at 0%?

It's late here & my brain's lost its figure-juggling ability for the night, so I hope this post makes sense. I'll check back tomorrow after a decent night's sleep.

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Unfortunately, there's no way of knowing what CL is going to be before you apply.  Especially, APR.  Completely dependent on what's on your credit report.

[SonorityGenius]

This is from their website, and it assumes Excellent credit history (standards unknown)

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goRewards Visa/goRewards MasterCard 7.90% Credit limit from $1,000 to $50,000
(competitive $18 annual fee)

 Flagship Rewards Visa 7.90% Credit limit from $1,000 to $80,000
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  Visa Platinum/Platinum MasterCard 7.90% Credit limit from $1,000 to $50,000

Secured by Tangible Collateral and to include RVs Up to 60 months
61 to 180 months 8.50%

* Rates are based on an evaluation of credit history, so your rate may differ. Credit Card rates
   apply to cash advances, balance transfers, and outstanding balances on purchases.

http://www.navyfcu.org/rates/loans-frameset.html?p=r&n=3

Message Edited by SonorityGenius on 11-23-2007 10:56 AM