DCU Question - UPDATE: Membership Approved

[CreditMagic7]

Hi team.

Simple question. Is DCU at all BK7 friendly just a little bit?

Recently was approved for membership opening both a checking and savings account.

My profile before (10 years) and since is 100% no lates whatsoever. I want to avoid wasting a HP apping card products where possible.

Their savings rate up to a grand is ideal.Was nice getting in with only a Chex and bureau SP.

Thank You

[Anonymous]

They will approve with BK but the limit may be lower than you want and may or may not grow. When I asked for a CLI on my $1K card they told me that they want to see me stop seeking new cards and wait for my bankruptcy to fall off. Despite that phone call and the end of my credit seeking ways (I'm almost 0/12 and I'll be under 5/24 in October), I'm still stuck at $1K with no offers and I won't waste another HP for it. 

[CreditMagic7]

Understood. Thank You @Anonymous 

[Anonymous]

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@CreditMagic7 wrote:

Hi team.

Simple question. Is DCU at all BK7 friendly just a little bit?

Recently was approved for membership opening both a checking and savings account.

My profile before (10 years) and since is 100% no lates whatsoever. I want to avoid wasting a HP apping card products where possible.

Their savings rate up to a grand is ideal.Was nice getting in with only a Chex and bureau SP.

Thank You

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I was recently approved for their credit card and auto loan refinance at very low rate. I filed for BK in 2017. They approved my credit card for $7500. I got it increased to $9250. They did not mention my bk at all throughout the process. I do have high number of credit inquiries. They pulled only once for both approvals.

[CreditMagic7]

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@Anonymous wrote:

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@CreditMagic7 wrote:

Hi team.

Simple question. Is DCU at all BK7 friendly just a little bit?

Recently was approved for membership opening both a checking and savings account.

My profile before (10 years) and since is 100% no lates whatsoever. I want to avoid wasting a HP apping card products where possible.

Their savings rate up to a grand is ideal.Was nice getting in with only a Chex and bureau SP.

Thank You

---

I was recently approved for their credit card and auto loan refinance at very low rate. I filed for BK in 2017. They approved my credit card for $7500. I got it increased to $9250. They did not mention my bk at all throughout the process. I do have high number of credit inquiries. They pulled only once for both approvals.

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Thanks @Anonymous  Mine is sooner as in last year but the rest of my profile seems is coming along well.

What do you consider if i might ask what was the high number of Inquiries? I only added 2 TL's since 2021 began.

[CH-7-Mission-Accomplished]

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@CreditMagic7 wrote:

Hi team.

Simple question. Is DCU at all BK7 friendly just a little bit?

Recently was approved for membership opening both a checking and savings account.

My profile before (10 years) and since is 100% no lates whatsoever. I want to avoid wasting a HP apping card products where possible.

Their savings rate up to a grand is ideal.Was nice getting in with only a Chex and bureau SP.

Thank You

---

You should call and ask to speak to a credit card or loan underwriter.    They used to have a strict two-year post-BK policy to approve any loans or credit cards.    I did apply and got a 10K Visa/MC at some point shortly after the two-year mark.   I closed it and a bunch of other cards when it became unmanagable for me to deal with so many cards.

[Anonymous]

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@CreditMagic7 wrote:

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@Anonymous wrote:

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@CreditMagic7 wrote:

Hi team.

Simple question. Is DCU at all BK7 friendly just a little bit?

Recently was approved for membership opening both a checking and savings account.

My profile before (10 years) and since is 100% no lates whatsoever. I want to avoid wasting a HP apping card products where possible.

Their savings rate up to a grand is ideal.Was nice getting in with only a Chex and bureau SP.

Thank You

---

I was recently approved for their credit card and auto loan refinance at very low rate. I filed for BK in 2017. They approved my credit card for $7500. I got it increased to $9250. They did not mention my bk at all throughout the process. I do have high number of credit inquiries. They pulled only once for both approvals.

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Thanks @Anonymous  Mine is sooner as in last year but the rest of my profile seems is coming along well.

What do you consider if i might ask what was the high number of Inquiries? I only added 2 TL's since 2021 began.

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Most lenders look at last six months inquires. I would say probably more then three in last six months. Depends on credit file also. I always have too many inquires but manage to get approved somehow. I am addicted to new credit cards not that I need them.

[CreditMagic7]

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@Anonymous wrote:

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@CreditMagic7 wrote:

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@Anonymous wrote:

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@CreditMagic7 wrote:

Hi team.

Simple question. Is DCU at all BK7 friendly just a little bit?

Recently was approved for membership opening both a checking and savings account.

My profile before (10 years) and since is 100% no lates whatsoever. I want to avoid wasting a HP apping card products where possible.

Their savings rate up to a grand is ideal.Was nice getting in with only a Chex and bureau SP.

Thank You

---

I was recently approved for their credit card and auto loan refinance at very low rate. I filed for BK in 2017. They approved my credit card for $7500. I got it increased to $9250. They did not mention my bk at all throughout the process. I do have high number of credit inquiries. They pulled only once for both approvals.

---

Thanks @Anonymous  Mine is sooner as in last year but the rest of my profile seems is coming along well.

What do you consider if i might ask what was the high number of Inquiries? I only added 2 TL's since 2021 began.

---

Most lenders look at last six months inquires. I would say probably more then three in last six months. Depends on credit file also. I always have too many inquires but manage to get approved somehow. I am addicted to new credit cards not that I need them.

Well thanks a million as it's something to go on for me. What in your opinion is an acceptable EQ5 score they use?

My INQ's specifically on EQ at present are understandably (for me) with some wasted ones that yielded zilch. On a brighter note PenFed breezed through uninhibited. Reason i ask is if DCU is ok with the one's that yielded positive outcomes i can approach with confidence in apping a very first card account with them. There's really nothing beyond them to intend to app. Only NFCU once the secured card goes live and that's it for 2021 for sure.

Is your dealings with DCU carefree? I want to really settle in them.

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[Anonymous]

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@CreditMagic7 wrote:

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@Anonymous wrote:

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@CreditMagic7 wrote:

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@Anonymous wrote:

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@CreditMagic7 wrote:

Hi team.

Simple question. Is DCU at all BK7 friendly just a little bit?

Recently was approved for membership opening both a checking and savings account.

My profile before (10 years) and since is 100% no lates whatsoever. I want to avoid wasting a HP apping card products where possible.

Their savings rate up to a grand is ideal.Was nice getting in with only a Chex and bureau SP.

Thank You

---

I was recently approved for their credit card and auto loan refinance at very low rate. I filed for BK in 2017. They approved my credit card for $7500. I got it increased to $9250. They did not mention my bk at all throughout the process. I do have high number of credit inquiries. They pulled only once for both approvals.

---

Thanks @Anonymous  Mine is sooner as in last year but the rest of my profile seems is coming along well.

What do you consider if i might ask what was the high number of Inquiries? I only added 2 TL's since 2021 began.

---

Most lenders look at last six months inquires. I would say probably more then three in last six months. Depends on credit file also. I always have too many inquires but manage to get approved somehow. I am addicted to new credit cards not that I need them.

Well thanks a million as it's something to go on for me.

My INQ's specifically on EQ at present are understandably (for me) with some wasted ones that yielded zilch. On a brighter note PenFed breezed through uninhibited. Reason i ask is if DCU is ok with the one's that yielded positive outcomes i can approach with confidence in apping a very first card account with them. There's really nothing beyond them to intend to app. Only NFCU once the secured card goes live and that's it for 2021 for sure.

Is your dealings with DCU carefree? I want to really settle in them.

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I am still new with DCU waiting for credit card to come in mail. So far dealing with them been easy. I called them few times for my auto loan and credit card customer service was not bad at all. They were looking at my income to decide my credit limit more then any other factors. PenFed is still my favorite since I am new customer with DCU &  NFCU. My current auto loan with PenFed is a refinance also at 3.89% @ 60 months. DCU is offering 3.29% at 48 months plus .50% if I deposit my pay with them. I have a feeling DCU will treat me better then PenFed. DCU gap insurance is $295  and I paid $449 with PenFed. DCU so far looks like an decent credit union. I would be giving them chance to earn my business. 

[CreditMagic7]

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@Anonymous wrote:

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@CreditMagic7 wrote:

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@Anonymous wrote:

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@CreditMagic7 wrote:

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@Anonymous wrote:

---

@CreditMagic7 wrote:

Hi team.

Simple question. Is DCU at all BK7 friendly just a little bit?

Recently was approved for membership opening both a checking and savings account.

My profile before (10 years) and since is 100% no lates whatsoever. I want to avoid wasting a HP apping card products where possible.

Their savings rate up to a grand is ideal.Was nice getting in with only a Chex and bureau SP.

Thank You

---

I was recently approved for their credit card and auto loan refinance at very low rate. I filed for BK in 2017. They approved my credit card for $7500. I got it increased to $9250. They did not mention my bk at all throughout the process. I do have high number of credit inquiries. They pulled only once for both approvals.

---

Thanks @Anonymous  Mine is sooner as in last year but the rest of my profile seems is coming along well.

What do you consider if i might ask what was the high number of Inquiries? I only added 2 TL's since 2021 began.

---

Most lenders look at last six months inquires. I would say probably more then three in last six months. Depends on credit file also. I always have too many inquires but manage to get approved somehow. I am addicted to new credit cards not that I need them.

Well thanks a million as it's something to go on for me.

My INQ's specifically on EQ at present are understandably (for me) with some wasted ones that yielded zilch. On a brighter note PenFed breezed through uninhibited. Reason i ask is if DCU is ok with the one's that yielded positive outcomes i can approach with confidence in apping a very first card account with them. There's really nothing beyond them to intend to app. Only NFCU once the secured card goes live and that's it for 2021 for sure.

Is your dealings with DCU carefree? I want to really settle in them.

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I am still new with DCU waiting for credit card to come in mail. So far dealing with them been easy. I called them few times for my auto loan and credit card customer service was not bad at all. They were looking at my income to decide my credit limit more then any other factors. PenFed is still my favorite since I am new customer with DCU &  NFCU. My current auto loan with PenFed is a refinance also at 3.89% @ 60 months. DCU is offering 3.29% at 48 months plus .50% if I deposit my pay with them. I have a feeling DCU will treat me better then PenFed. DCU gap insurance is $295  and I paid $449 with PenFed. DCU so far looks like an decent credit union. I would be giving them chance to earn my business. 

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That sounds great @Anonymous for you and a good fit. With me PenFed & NFCU (so far) are treating me very good. Before matters tanked i had $50K on 2 Navy cards for quite some years. I been clawing my way back with NFCU after the turmoil and currently with a ssl Loan and that nRewards Card/checking/Savings. PenFed if you seen my recent posts is been outstanding! Something i wouldn't dreamed possible. Before now  i only ever had a $5K card with them and that was years ago

Thanks so much for offering and sharing your insight in replying to me on DCU and more today. I do appreciate your time.