OK, so do all of you meet their eligibility requirements? After reading the rules online, I don't think I would qualify. Did anyone manage to join the CU even though you didn't exactly meet the criteria for membership?
Yeah...that my question earlier. I guess they're not too strict with their membership requirements. This credit union treats me much better than my local university credit union here. I'm not sure if we'll transfer all of our business there though (i.e. bill payment, checking, etc). I'm more than happy to take their loan money though =)
After receiving the approval, I followed the link to establish membership. I provided the personal info, typed in my company's name, and the screen stated that I've qualified for membership...etc...etc. Also, to take advantage of a loan product, one must become a member. Becoming a member is a no-brainer. Membership is open to everyone. CardKid
got a question for anyone out there. I just applied and got a visa with patelco for 2.5K..asked for 5k. From the way it sounds they are pretty liberal about giving immediate cl increases. When is the best time to ask for it? As soon as you get approved, or when you have card in hand and are going to activate it. Thanks for the heads up about this place!!...BTW don't know what my real score is, but the "plus" score from free credit report at experian was 599. Anyone know what that really is? Thanks again
Those people that got lines of $5k, $8k, or more, did you pretty much have a clean report but with very little history? Did you have BK showing? It is very clear that they are not purely score driven, if at all. My score is ~680, but I have six derogs that refuse to come off of Experian. They would only give me $2k. I see a few people with a much lower score getting $5k+ card *and* auto loans. Just trying to figure out what they are basing limits on.
I have no recent derogs. The derogs I have are over 6 years old (closer to 7 years and they should fall off within the next few months). I think they look at income too. I was denied for an initial credit limit increase but when I added my wife and her income, they were more than happy to raise it. I was approved for a $9000 auto refinance at 4.2% (from 17.95% I think) and $8K MC. I'll probably look to finance a motorcycle next riding season and may try to take advantage of their vacation loan special as well.
no derogs but my oldest "open" tradline is from 2002....I have higher than average utilization too I think
I have a complete tutorial on how to beat the CA and OC at their own game posted in te Essentials Section of www.artofcredit.com in a thread titled "The Flyingifr Method of Aggressive Credit Repair". It works and, if you can believe the collectors at www.collectionindustry.com it has them scared silly!!! Anyway, when I had only my Private Pilot's license I was Flyingvfr. Now that I've graduated to a higher rating, I'm Flyingifr.
Approved for $2000 Visa! This is what I asked for, didn't want to ask for too much and get denied. Thanks to all on here with the countless hours of research, and the tons of useful information to come across a company like Patelco that don't see you as just a FICO number. By the way, I don't know if anyone answered the question "who do they pull?", but it is Experian only, and I only took a 1 point FICO score hit for the hard inquiry. Should have my card in 2 weeks or so. Thanks again!!! TU - 592 EXP - 576 EQ - 535 (What the?????) FICO's are like a@#holes, everyone has to have one, best to keep it clean. (Pardon my language)..lol
I'm thinking that many of the folks getting approved for high amounts are making more than 50k a year solo. I know people don't like to post their salaries, but that would be a factor that would make all the difference in the world for folks reading this thread and considering applying with patelco. could be wrong, but keep this in mind if you are planning to apply and have a new inquiry on your EXP report.
I believe that you are absolutely right. I was approved for a $5K MC initially. I asked for an increase and was turned down. I added my wife and made it into a joint application for credit and they approved the increase. They also ask for income verification (we had to fax a copy of our pay stubs) in order for the application to be complete. We're still waiting for the plastic. It should be here this week sometime.
Got approved for Patelco MC, 3k limit. Although I apply for Gold Visa...but who cares. Just the color of the plastic for me now. The pulled EXP for me with 632...hope that helps for anyone else. Thks for the post guys!!!! PS: anyone knows if BofA secured CC reported to 3 Credit Bureau and do they reported secured or not? Tk!
Got approved for a car refi. 8.15 because my experian score is only 620, but current loan is 14.95. may even extend the term to allow me to pay down cc debt. I like this bank!
Got approved for a car refi. 8.15 because my experian score is only 620, but current loan is 14.95. may even extend the term to allow me to pay down cc debt. I like this bank!
Got approved for a car refi. 8.15 because my experian score is only 620, but current loan is 14.95. may even extend the term to allow me to pay down cc debt. I like this bank!
Re: Re: Patelco Rules!!!! Approved!! How much is your loan amount? this guy(the "internet loan specialize" told me that since my credit score is bad (i have 632) if I qualify, i would be getting at 14%. Can you share the person you talk to? And, how much refinance amount?
Re: Re: Patelco Rules!!!! Approved!! Was just approved for 1k VISA through Patelco. Scores in the 630-645 range. If I asked for a higher CL would they give it?
Re: Re: Patelco Rules!!!! Approved!! one word of caution about loan consolidations... you will have to close your accounts with all your cards that you use as part of the agreement with them. To the guy above this post... you will get around 3 to 5 k if you ask for it...
Re: Re: Patelco Rules!!!! Approved!! one word of caution about loan consolidations... you will have to close your accounts with all your cards that you use as part of the agreement with them. To the guy above this post... you will get around 3 to 5 k if you ask for it...
