@Glen_M wrote:
@Anonymous wrote:It could ... I'm not sure ...
Nope.
The minimum loan amount with NCFU is $250. Maximum term 15 years, much longer than others offer.
My next payment due isn't until Sep 2021, but I only opted for a 60MO term, as I'm going to pay it off after I get an auto loan anyway.
Based on the payments I've made, the minimum amount due for the next one is determined by the remaining balance divided over the term of the loan, not the original balance.
No autopayment pre-set-up do deal with either, I made the payments I wanted, when I wanted, and didn't have to fuss with anything else. I could have one if i wanted, but it wasn't a default arrangement.
Everything about their setup seems better to me, especially the part where I get to build a relationship with an institution I actually intend to carry on other transactions with in the future. I don't hear people getting excited about Alliants other offerings, but NFCU has a lot to offer in the long term.
Alliant savings account 1.05%
NFCU savings account 0.25%
@mrldp40 wrote:i just opened a 250 share secured loan with navy . kinda confused . do i pay 200 back now ?
250*0.91=227.5
So, $228 now would put you below 9%. Assuming you didn't ask for an autopayment to be set up.
@mrldp40 wrote:ok i have a balance of 20 left due on 12/13/2017 . will i see a increase when it first reports or have to wait til dec.?
Assuming there's no other installment loan on there, it'll help when it first reports.
What was the term on the loan? Go for the longest one you can get, 12/13/2017 doesn't sound right if it was a 5 year loan? That would unilaterally suck if that's the case if you started with $250.
@mrldp40 wrote:
Yes terms are for 250 loan or 6 months all I had at the time
Someone above suggests could get the full 5 years (60 months) for $250 entry, was that not an option?
