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Is it true?

tag
Anonymous
Not applicable

Is it true?

I heard that it is not a good idea to have your personal finances (checking and savings) at the same place as your mortgage or auto loan.  Is it true or is it crap? thanks dP
Message 1 of 3
2 REPLIES 2
marty56
Super Contributor

Re: Is it true?

100% false.  No difference.  IMHO it makes it easier to manage your payments.
1/25/2021: FICO 850 EQ 848 TU 847 EX
Message 2 of 3
Anonymous
Not applicable

Re: Is it true?

Agreed with the PP, not to mention that people often get a half point or so off their rate if they set up auto pay from their checking account. In addition, I think CU would often see it as a positive factor on an application for a loan or credit card that you already have existing well maintained checking and savings.
Message 3 of 3
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