LAfter the VS was approved, after the savings funds were posted, after the membership was finalized...I applied for their choice checking account and the PLOC. Checking account approved and opened. 15k PLOC denied for too many INQ, escalating debt etc.
They countered with a 5k Personal Loan. The only installment loans that I have reporting to all three CRAs are student loans sitting at >100% UTIL. I have a personal loan and auto loan that only report to EX.
My question: Should I accept the counter (I have 60 days to accept) and add another new account but at least it will be an installment that could help balance my Installment UTIL? Or should I call them back and try to recon for the PLOC at 5k? Or leave it as it is?
FYI - I was told I should receive my VS card within 7-10 business days but I never signed anything for it..they offered and I accepted it over the phone. I think @CreditCuriosity said I may or may not have to esign for it?
012019 Fico8/Mortgage Score: 
@Anonymous , I don't need the cash atm. I will reach out to their loan department to see if they would offer the PLOC instead.
I will also ask about the VS when I call since it's not showing on my online banking account.
Just got off the phone with loan dept. Rep said that the counter was for a lower PLOC. 5k. I said I'll take it.
@newmomnewme wrote:Just got off the phone with loan dept. Rep said that the counter was for a lower PLOC. 5k. I said I'll take it.
Good news ... grats 
Congratulations on your PLOC!
@newmomnewme wrote:LAfter the VS was approved, after the savings funds were posted, after the membership was finalized...I applied for their choice checking account and the PLOC. Checking account approved and opened. 15k PLOC denied for too many INQ, escalating debt etc.
They countered with a 5k Personal Loan. The only installment loans that I have reporting to all three CRAs are student loans sitting at >100% UTIL. I have a personal loan and auto loan that only report to EX.
My question: Should I accept the counter (I have 60 days to accept) and add another new account but at least it will be an installment that could help balance my Installment UTIL? Or should I call them back and try to recon for the PLOC at 5k? Or leave it as it is?
FYI - I was told I should receive my VS card within 7-10 business days but I never signed anything for it..they offered and I accepted it over the phone. I think @CreditCuriosity said I may or may not have to esign for it?
No you shouldn't. It won't do anything for your scores, other than possibly decrease them. Never mind, I see from your update that it wasn't a loan at all but a 5K PLOC. Congrats.
No you don't have to sign for the credit card.
