@Tony275 wrote:Hey guys,
It's been a while since I've posted an opinion thread, but here goes:
I got a mailer for the Discover "Debt Eraser" Loan good for up to $25k
Obviously, it's a typical Discover mailer "APRs as *low as* 6.9%". My question is, has anyone USED them as a personal loan before? And recently approved? I searched this topic on CK, here, Google, and a lot of the reviews are from like 4 years ago. I want to see if anyone with a similar score has applied and been approved for one. My current score is in my signature. My hopes are a little higher on this topic because they recently handed me $1k instant CLI online only 2 months after they auto CLId me. So I'm doing something right by their algorythm, right?!
Anyway, bills have piled up since we've been upgrading the house and want to consolidate to one payment per month! Tried Lending Club and Prosper, not interested in their 20%+ loan offers. Talked with a few local CUs and they're sensitive about my inquiries which (which all fall off in July) and will loan up to $10k, and I'm looking more towards $20k (ouch, I know). About $2k of this balance is 0% and am budgeted to pay those cards off before the promotions expire.
I've been trying to find my way into Navy Fed, but haven't found my deceased Grandfather's DD214 yet. My DCU account is approaching a year old and have considered doing the HP for a CLI since I know they're famous for huge 1 year CLIs. A few of my cards a near max, always pay 120% of minimum payment at least, usually 200% min payment on all cards. I've exhausted all SP CLIs, Barclay said I should try for a Ring card, but I just know I won't get a $20k limit so I'm really hesitant. I'm 9 months into my gardening, which is why I'm super hesitant with everything I do, in 3 months my inquiries fade away, do I keep doing what I'm doing? I hate to say but my credit debt climbs about $200/month at least.
Income is at about $47,000 annually, could go up to $60,000 if I get this new job! So for that, I'm very hopeful!
Well i can't say ive used them. but i can say for sure that i got a personal loan 3 weeks ago. i know for sure that Disco will mostly pull EQ. and looking at your score. i can't really say that there will be a problem.
As loans seem to be easier to get than actual credit cards.
i know when i went to my credit union. which is probably easiest of all. they did not pull the scores you have there.
For some reason they are still using Equifax beacon score 5.0. which was completly different than my fico -08.
In my case. the eq score they pulled was 661. beacon 5.0.
i was in shock that it was that low. but in any case the loan officer said i was B tier and could not get best rate. instead i got apr 11.99. which i did not think was too bad. i only asked for 5k. in after about 15 minutes the money was in my account. as i said 3 weeks ago. Im inclined that Discover will be simular. as it is a sig loan. which more than likely will not be as strengent as their credit cards. good luck. just my 2 cents. 
