Kreepin Posted April 2, 2008 Report Share Posted April 2, 2008 Opened a savings account with my local credit union and was approved for a creidt card with a great limit the next day. Am looking to purchase a vehicle soon and am curious...should I apply now or wait to establish a bit of payment history with the credit union 1st before seeking a car loan? Not sure if it's wise to apply for both in a 1 week period. Any suggestions? Link to comment Share on other sites More sharing options...
Moneedshelp Posted April 2, 2008 Report Share Posted April 2, 2008 if they will give it to you why not. they usually have good rates. I am sure they would love to do business with you, credit permitting, of course Link to comment Share on other sites More sharing options...
isislc Posted April 2, 2008 Report Share Posted April 2, 2008 If you can do it, do it. There is nothing like building a good relationship with your CU by using their products, especially if they are willing to finance you. Link to comment Share on other sites More sharing options...
Kreepin Posted April 2, 2008 Author Report Share Posted April 2, 2008 If you can do it, do it. There is nothing like building a good relationship with your CU by using their products, especially if they are willing to finance you.Yeah, but we haven't discussed a car loan yet. Only the credit card...Guess my question is: should I apply now while my credit score is in the upper 660s Or wait until I've made a few credit card payments to show I'm a good customer? Link to comment Share on other sites More sharing options...
Moneedshelp Posted April 2, 2008 Report Share Posted April 2, 2008 unless you are expecting your fico to go up during the time, don't see how a few payments will make much of a difference. I am sure they are judging you by your report right now and a few months wont change much If all else fails, give them a call. Usually they are willing to discuss your options with you. Link to comment Share on other sites More sharing options...
isislc Posted April 2, 2008 Report Share Posted April 2, 2008 Apply for it now while it's up. I'm going through the same thing now with NFCU. I was approved for my first card then applied for the 2nd card on Sunday and did the auto refinance today, first payment isn't even due yet. I use the savings account for direct deposits my from my medical reimbursements. Don't really use my checking or savings accounts there for anything else but a savings account. Link to comment Share on other sites More sharing options...
Kreepin Posted April 3, 2008 Author Report Share Posted April 3, 2008 Thanks guys!!! INSTANT Approval!!! Link to comment Share on other sites More sharing options...
isislc Posted April 3, 2008 Report Share Posted April 3, 2008 There ya go! Congratulations! I got my approval too with a nice MC to boot with it. Link to comment Share on other sites More sharing options...
Fizzle1979 Posted April 3, 2008 Report Share Posted April 3, 2008 Congrats!!! Just something to think about...Pen Fed is now offering 4.25% for 60 months on a new or used auto. Link to comment Share on other sites More sharing options...
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