I'm going to also try to do the SSL at NFCU...can someone help me with this? I've read all the threads on Alliant, but I have specific questions about Navy...
I found a few threads if they help you but I"m still confused.
Like apparently to get a 60 month loan someone had to do it with 3k which I guess isn't too bad if you're pulling it off a credit card and putting it right back on.
I just became a member with Alliant, and I spoke to a representative from their loan department over the phone. He told me that typically if you only apply for a $1000 loan, ( which is the minimum loan amount ) you are usually only given a loan term of 12 months.
I asked about their 60-63 month options and they told me that usually every $1000 dollars adds another 12 months to the loan term. For example, If you take out a loan of $2000 they usually give you a 24 month term to pay it off, with $3000 it would be 36 months. I was under the impression that for $1000 I would be able to get a longer loan. Does anyone have any input on this?
I only want to do a small one like $500... I'm going to try to join NFCU next week and we will see what happens.
i see you have the Amex BCE...I was hoping to app for that once I'm finished cleaning up my report (should be clean by next month) and my first cards have aged. Can I ask how much credit history you had when you were approved with them? Was your report clean?
CUs usually have a minimum monthly payment that they want to receive, and that differs by institution. Some have an advertised minimum montly payment, usually at $25+/mo. Some want even more, while some are willing to help you with less. I guess Alliant wants $85+/mo. if they told you it's $1k/year.
DCU wanted to give me a 6 mo. term for my $200, but ended up giving me 24 mos. PenFed I think is $300 for 12 mos. (SSL trick doesn't work on either of them)
I'm fine with 12 months, not ideal but as long as I can pay it right away and extend the payment out then I'd still be interested.
Did it bump your score after paying it down when you opened yours and it reported?