Good morning and happy Saturday!
I wanted to give the community some data points for a recent approval I got from my local credit union, $10,000 personal unsecured loan.
A hidden gem I never hear about on the forums, probably because the small footprint they service. State Employees Credit Union located in Albuquerque NM. I have been a member since December 2018, until recently I have just had a checking and savings here, small portion of my check deposited monthly ($500). BK7 discharged 01/2018. This credit union was not included.
They are awesome for a few reasons, 1) they do not pull chex. 2) 580 is minumum score for credit products. 3) They have a cashback checking account. 4) the web/app interface is awesome and up-to-date.
I do not have a credit card from them yet but they did inform me that max limit on cards is $10k.
They hardpull Experian for membership and credit products, pull is good for 30 days, and can be used for other products.
They also told me there is a minimum of 2 years post bk discharge, before they will consider credit apps.
They pulled my Experian at 695, idk what scoring model.
DTI 24% / Income $58,000 / 5 inq
I applied on Tuesday , went to review and they called me on Friday , sent me E-sign doc's and cash deposited into my checking within minutes!
9% interest rate on loan.
I hope these data points help!
Have a great weekend Fico Family