New here.. few credit score related questions

Discussion in 'Credit Talk' started by Uchiha, Jan 30, 2015.

  1. Uchiha

    Uchiha New Member

    Hi all,

    I took a personal loan at DCU in 2013 and paid it off in may 2014 with lot of late payments. I applied for another personal loan this month (Jan, 2015). but they said, I won't get a loan from DCU because of my bad record with them.

    1. If my salary deposits in DCU every month, will it be helpful to get a personal loan in future.

    2. If I apply a loan in other credit unions, will they know that I have bad history with DCU and reject my applications irresective of my current credit score.

    3. Is there any way to repair credit score immediately.

    Thanks much
     
  2. jam237

    jam237 Well-Known Member

    1.) Some banks use not only the credir report, but your personal history with them. Some may take deposit history into account, others may not.

    2.) It depends whether the CU reported to the CRA, and whether they reported the late payments to your credit reports.

    3.) Score isn't applicable to your CUs personal history. And nothing will fix your score immediately, it can take at least a month to make a change, if your dispute is successful.
     
  3. Uchiha

    Uchiha New Member

    Great info. Thanks very much Jam.
     

Share This Page