@Franticone wrote:
In any case, I didn't really know about SOFI prior to me getting my Lending Club loan. I probably would have went for SOFI first just because the APR is seemingly less, but it's too late now. Both have origination fees, which is a percentage of the loan, so please take that into consideration.
There are no fees for SoFi loans. You get the full amount of the loan.
EQ08 787 | TU08 775 | EX08 797 | Credit: $159.8K | Util: 10% | Inq: EQ 2 EX 2 TU 2 |
I'm curious what stats were you putting in?
I tried it for giggles on a mortgage refinance just to see and it came back and told me to GTFO which is kinda absurd unless they're portfolioing. I did put though I hadn't graduated college which outside of my 700ish FICO scores was the only detrimental thing in there.
I believe SoFi started as a sort of Alumni lending program prior to becoming SoFi. I know in the application they ask which degree(s) you have earned and from where.
Once you get to five days or so I would recommend that you call customer service. Tell them you are checking in with them to see if they have all of the information they need.
If I remember correctly I waited a long 7-8 days and finally called. They verified my information amd called me on my home phone (I guess to ensure it was a legitamate number), the next day funds were transfered into my account.
I know it felt like forever when the loan was in the funding stage. I guess we(myself) have all grown pretty impatient when waiting for a financial decision. When I step back and look I realize they are loaning pretty big amounts and they should check everything.
Good luck!
Got the "you've been funded" message last night, and this morning I had the funds in my checking account.
So six business days from when I was approved, one day less than the 7-10 day window I was given.
Scheduled all my payments to my cards this morning. Super happy. Now I just need to wait until all my statements cut and my reports get updated.
EQ08 787 | TU08 775 | EX08 797 | Credit: $159.8K | Util: 10% | Inq: EQ 2 EX 2 TU 2 |
Thanks for sharing... good to know
thanks for sharing your story, it encouraged me. May I ask what was your debt to income ratio? (loan amount to income ratio? )
Whenever I ask major banks, they never want to tell me what is a good number to be at! they just keep repeating that it depends on many factor