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Credit Union Personal Loan installment

Tinkerbell319
Valued Member
‎09-13-2019 02:31 PM
‎09-13-2019 02:31 PM

Credit Union Personal Loan installment

I currently have a personal loan with my credit union for $500, it was a 7 month term and I will paying it off a month earlier. 

My current score with Experian (In which is the bureau they use) is 704. Perfect payment history, youngest credit card is 7 months, oldest being almost 2 years old. 

 

My credit union last payment is December 2019, but I'm paying it off in November. What's the chances of getting a $4,500 personal loan after this payoff. By that time my score may have gone up a bit. 

 

Chances? Underwriters or people with experience let me know. i'm on one hell of a journey here. 

1 REPLY 1
AllZero
Mega Contributor
‎09-13-2019 07:51 PM
‎09-13-2019 07:51 PM

Re: Credit Union Personal Loan installment

Not enough information to make a solid prediction.

If the loan is through the same CU, I guess you have a shot as long as you have the income to support it and DTI is low.