PSECU Credit Card and Auto Loan

Anonymous · ‎02-26-2012

Hey everyone. I will be joining PSECU soon and am hoping to get a CC with them and a refinance on my car. I know they offer the free monthly EX score, so I assume they check EX for loan/CC approvals. Does anyone know if this true? If so, do they check multiple bureuas? The reason I ask is because my EX/EQ reports are both squeaky clean (minus one last $39 collection I am working on my EX), but my TU still has 2 collections. Anyway, I was just curious if anyone knew if they checked any others besides EX (or even better if it was just EQ, but I doubt that). Thanks!

LIGHTNIN · ‎02-27-2012

Hi jimbo831,

I do believe PSECU, pulls EX for CC's and loan approvals.

There are many threads here about PSECU, I did a search for you and heres the results....

http://ficoforums.myfico.com/t5/forums/searchpage/tab/message?filter=location&location=forum-board%3...

At least, this search is a place to start with, until others chime in.

FICO's May 2015 EQ764 ~~Live below your means and always keep an emergency fund -Love Everybody ~ Big Kenny ~ Big and Rich ~~~~~Credit Scoring 101 - Common Abbreviations - Freq Req Threads - Free Credit Reports - What Steps Do I Take?DV? PFD?

Anonymous · ‎02-27-2012

Thanks Lightnin. I will read through some of those and hope someone with personal experience will report in.

grussell70 · ‎02-27-2012

hi jimbo831. they only pull ex and everytime you want a loan it is a hard pull. also, if you have a collection on your credit report it must say paid or you have a letter from them saying it is paid.

Starting Score:05/02/2010- TU-589-EQ-549
Current Score: 02/13/2012- TU-711-EQ-675-EX-735
Goal Score: TU-750-EQ-700-EX-750
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Anonymous · ‎02-27-2012

@grussell70 wrote:
hi jimbo831. they only pull ex and everytime you want a loan it is a hard pull. also, if you have a collection on your credit report it must say paid or you have a letter from them saying it is paid.

Thanks for the detailed info! By the time I apply, I will have no collections on my EX, so that should be fine. I am most concerned about my oldest account (just under 2 years) and my inquiries (about 15, but all at the same time from a couple car dealers who decided to hard inquiry me with way too many different lenders). I have two credit cards that will be reporting 0% and 1% utilization, both with perfect payment history. Older one is my wife's (I am an AU) that is almost 2 years old. Younger one is mine, about 8 months old. I'm hoping for the best.

Do you know if they can at least do just a single inquiry to review me for a credit card and auto loan, or will they do one for each? You think I have a chance at approval?