Pesonal Loan Approval from Credit Union? Chances?

[Anonymous]

My curre Fico score from TransUnion is 660. This is the report my credit union pulls for loans.

I have 3 credit cards all opened in the last 2 years. Balances is about 1000/1500.

credit card from 3 years ago with a balance of 1500/5000.

Truck loan is 4744/ monthly payment of $488

Total Debt is 7244.

I have requested a 10K loan for 4 years. In my application I said that I would pay off the truck loan if necessary and use it as collateral. The truck is a 2004 Explorer Sporttrac still in good condition. Kelley Blue Book valued it aroun $9000.

Do you think I have any chance at approval? The anticipation is killing me and I think I have to wait until Monday before I hear something. Thoughts? Hopefully my credit union will pull through again for me! LOVE CREDIT UNIONS!

Joe

[llecs]

Does your CU pull TU? If not, it's likely going to be EQ. If EQ, what is your EQ FICO from myFICO or Equifax.com?

[Anonymous]

Joe - It's difficult to say because critical info is missing. 

Your DTI (debt-to-income) ratio is an important factor when decisioning laons, so an idea of gross monthly income, home lease/mortgage payment, and any other financial obligations not previous noted, such as child support, alimony, taxes, etc. are critical data.

[Anonymous]

I make about 4616/month. My mortgage payment is 1200. Other than the credit cards and the truck payment I have no oter debt. As stated I do want to finance the truck in the new loan.

The credit union does pull TU