cancel
Showing results for 
Search instead for 
Did you mean: 

Looking to add another LOC...

NYFan63
Established Contributor

Looking to add another LOC...

Will be meeting with Andrews FCU Monday morning as I already have a HELOC and a personal loan with them.  The very nice branch manager I spoke with mentioned that their limits on unsecured credit is $50k.  My personal loan with them has a balance of $18k left, so I could possbly get $32k - we'll see...

 

I applied with my bank TD bank.  I was conditionally approved for $50k @ 14.25% but they wanted to pay my Andrews FCU loan which has an interest rate of 10.99%. I need to credit line but dont want to pay the higher rate for it.  So I called Andrews and will meet with them Monday morning...

 

Does anyone have any other recommendations?  I know some have the Santander LOC...

 

Thanks in advance...

 

 

Penfed Platinum Sig Visa $33k, PenFed PLOC $25k, NFCU Cash VISA Sig 22k, NFCU Visa Flagship 22k, CAP1 Venture $23k, CAP1 Venture One $15k, NFCU NAV Check $15k, Barclays Arrival $13,2k, DCU VISA 5k, Cap1 QS 7.5k, WF Finance 3.5k, Merrick 2.2k, Barclays Apple Financing 6.1k BestBuy 5k >Ch7 BK filed 8/09; DC 01/10 EQ 636 Nov 13;
EQ08 718 | TU 731 | EXP 728
Inqs: EQ 11, TU 8, EXP 11(last 2 yrs)
Goal 750+ In the Garden til

4 REPLIES 4
RobertEG
Legendary Contributor

Re: Looking to add another LOC...

Are you seeking another LOC for credit scoring purposes, or because you need the cash?

Message 2 of 5
SouthJamaica
Super Contributor

Re: Looking to add another LOC...


@NYFan63 wrote:

Will be meeting with Andrews FCU Monday morning as I already have a HELOC and a personal loan with them.  The very nice branch manager I spoke with mentioned that their limits on unsecured credit is $50k.  My personal loan with them has a balance of $18k left, so I could possbly get $32k - we'll see...

 

@I applied with my bank TD bank.  I was conditionally approved for $50k @ 14.25% but they wanted to pay my Andrews FCU loan which has an interest rate of 10.99%. I need to credit line but dont want to pay the higher rate for it.  So I called Andrews and will meet with them Monday morning...

 

Does anyone have any other recommendations?  I know some have the Santander LOC...

 

Thanks in advance...

 

 


I can recommend Santander, Langley, PenFed, and NFCU.

 

Also Affinity FCU, but they're pretty conservative.


Total revolving limits 677500 (584500 reporting) FICO 8: EQ 750 TU 752 EX 749

Message 3 of 5
NYFan63
Established Contributor

Re: Looking to add another LOC...

Thanks SJ - I do have NFCU and Penfed

@RobertEG - looking for potential funds for real estate investment instead of using HML.
Penfed Platinum Sig Visa $33k, PenFed PLOC $25k, NFCU Cash VISA Sig 22k, NFCU Visa Flagship 22k, CAP1 Venture $23k, CAP1 Venture One $15k, NFCU NAV Check $15k, Barclays Arrival $13,2k, DCU VISA 5k, Cap1 QS 7.5k, WF Finance 3.5k, Merrick 2.2k, Barclays Apple Financing 6.1k BestBuy 5k >Ch7 BK filed 8/09; DC 01/10 EQ 636 Nov 13;
EQ08 718 | TU 731 | EXP 728
Inqs: EQ 11, TU 8, EXP 11(last 2 yrs)
Goal 750+ In the Garden til

Message 4 of 5
NYFan63
Established Contributor

Re: Looking to add another LOC...

I went into the local Andrews FCU branch Monday morning and had the branch mgr complete my app and dropped off latest check stubs.  I already have a HELOC and personal loan with them so the process did not take long at all.  I called today to check on the status and they informed me they approved me for a $15k personal LOC..  I originally applied for $32k...which is fine.

 

 

 

 

Penfed Platinum Sig Visa $33k, PenFed PLOC $25k, NFCU Cash VISA Sig 22k, NFCU Visa Flagship 22k, CAP1 Venture $23k, CAP1 Venture One $15k, NFCU NAV Check $15k, Barclays Arrival $13,2k, DCU VISA 5k, Cap1 QS 7.5k, WF Finance 3.5k, Merrick 2.2k, Barclays Apple Financing 6.1k BestBuy 5k >Ch7 BK filed 8/09; DC 01/10 EQ 636 Nov 13;
EQ08 718 | TU 731 | EXP 728
Inqs: EQ 11, TU 8, EXP 11(last 2 yrs)
Goal 750+ In the Garden til

Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.