But all is well, I'm happy with that score for now 7 months post BK. I assume it'll climb even higher once I lower my utilization back to about 10%, and B* all these new inquiries I just racked up car shopping. 
DCU FICO scores
Started by
chuyelchulo
, May 04 2012 08:01 AM
10 replies to this topic
#1
Posted 04 May 2012 - 08:01 AM
So I got my DCU EQ FICO!! 648!! It matched what ELFCU told me when I got their denial. But all is well, I'm happy with that score for now 7 months post BK. I assume it'll climb even higher once I lower my utilization back to about 10%, and B* all these new inquiries I just racked up car shopping.
But all is well, I'm happy with that score for now 7 months post BK. I assume it'll climb even higher once I lower my utilization back to about 10%, and B* all these new inquiries I just racked up car shopping.
#2
Posted 05 May 2012 - 10:51 PM
Do you just have to open a checking account with DCU to get the FICOs? Or a combination of two accounts? How hard is it to get in?
#3
Posted 05 May 2012 - 11:15 PM
Took me about 15 minutes to get in. I did checking and savings. I was waiting to see if I get any preapprovals before trying for credit.
#4
Posted 06 May 2012 - 05:27 AM
I really want to join DCU for the free FICOs however, I'm not sure if I will meet the free FICOs requirements.
1. Electronic Statements - No problem
2. Direct Deposit - Cant do it.
3. Credit Card - Don't wanna do it because of the extra Hard hit.
Any other way around it?
1. Electronic Statements - No problem
2. Direct Deposit - Cant do it.
3. Credit Card - Don't wanna do it because of the extra Hard hit.
Any other way around it?
#5
Posted 06 May 2012 - 06:54 AM
It seems people have had different experiences. Personally, I just joined DCU about 10 days ago with ONLY a share savings account. Once I received my member number I setup my online access. While doing this it asked me if I wanted to sign up for the free FICO, which of coures, I did. A few business days later I had it. I thought that I would have to enroll in paperless statements and get a credit card (my employer doesn't offer direct deposit) to receive the FICO but apparently with me that was not the case. I would recommend joining and see if you have similar luck. However, it will be a hard on Equifax.
#6
Posted 06 May 2012 - 08:48 AM
I really want to join DCU for the free FICOs however, I'm not sure if I will meet the free FICOs requirements.
1. Electronic Statements - No problem
2. Direct Deposit - Cant do it.
3. Credit Card - Don't wanna do it because of the extra Hard hit.
Any other way around it?
2> ACH transactions count as "direct deposit", so if you get an account at a credit union like ELFCU or Alliant, you will be able to meet this requirement easily.
3> Secured credit cards count, and no hard pull ...
#7
Posted 06 May 2012 - 09:32 AM
Just try to join and see what happens. I got mine too after I joined, and I will having direct deposit there, but its not active yet. Also, I believe there is a way to actually buy the relationship plus checking rewards all for 5 dollars a month, worst case scenario. It's not free, but $5 isn't bad either, and it has a few other perks.I really want to join DCU for the free FICOs however, I'm not sure if I will meet the free FICOs requirements.
1. Electronic Statements - No problem
2. Direct Deposit - Cant do it.
3. Credit Card - Don't wanna do it because of the extra Hard hit.
Any other way around it?
#8
Posted 06 May 2012 - 09:36 AM
You don't have to have a credit card with DCU to get the fico score. Just eletronic statements.
#9
Posted 06 May 2012 - 09:48 AM
+1You don't have to have a credit card with DCU to get the fico score. Just eletronic statements.
#10
Posted 07 May 2012 - 08:41 PM
Also, I believe there is a way to actually buy the relationship plus checking rewards all for 5 dollars a month, worst case scenario. It's not free, but $5 isn't bad either, and it has a few other perks.
You can buy the "Relationship Plus" checking level for $5 a month? Really??? Do you mind letting me in on the secret? If true, it will earn 0.25% more on the certificates of deposit for just $5.
Here is where I am coming from: I have been laddering a few CDs with them over the years, alas the rates have gone down 1% even compared to last year ... if I can use this trick to bump the yield on a new certificate, it's the equivalent of 25% more interest over the life of the CD and greatly outweighs the $5 fee.
#11
Posted 08 May 2012 - 08:58 AM
Sorry for the misinformation, the Relationship Checking is $10/month.
Also, I believe there is a way to actually buy the relationship plus checking rewards all for 5 dollars a month, worst case scenario. It's not free, but $5 isn't bad either, and it has a few other perks.
You can buy the "Relationship Plus" checking level for $5 a month? Really??? Do you mind letting me in on the secret? If true, it will earn 0.25% more on the certificates of deposit for just $5.
Here is where I am coming from: I have been laddering a few CDs with them over the years, alas the rates have gone down 1% even compared to last year ... if I can use this trick to bump the yield on a new certificate, it's the equivalent of 25% more interest over the life of the CD and greatly outweighs the $5 fee.
Check this link out. It explains how to essentially upgrade.
https://www.dcu.org/...ecking.html#buy
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