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Do I Have To Be Signed In With A Credit Union To Get A Loan?
MaryLinda02
The credit union is really a mutual lender and therefore is possessed by its members, every one of whom is really a shareholder. Yes, you've got to be part of the credit union to get a business loan.
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∙ 8y ago
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How credit union collect bankruptcy loan that discharged?
If a loan from a credit union has been discharged in bankruptcy court, that credit union cannot collect and must write the loan off.
What criteria is needed to apply for a credit union loan?
"In order to apply for a credit union loan, you may need to become a member of the credit union where you are applying. Contact the credit union to ensure of the proper criteria in order to obtain a loan."
Is it legal for a Credit Union to demand payment on a loan you got to purchase a car when they do not have the title for it?
IF you signed a loan with the CU and used the car as collateral, YES IT IS LEGAL. And it is WISE for you to pay.
How is a credit union different from a savings and loan association?
You cannot save money in a credit union
What is the lowest credit score a credit union will accept for a car loan?
660
How credit union collect bankruptcy loan that discharged?
If a loan from a credit union has been discharged in bankruptcy court, that credit union cannot collect and must write the loan off.
What criteria is needed to apply for a credit union loan?
"In order to apply for a credit union loan, you may need to become a member of the credit union where you are applying. Contact the credit union to ensure of the proper criteria in order to obtain a loan."
Is it legal for a Credit Union to demand payment on a loan you got to purchase a car when they do not have the title for it?
IF you signed a loan with the CU and used the car as collateral, YES IT IS LEGAL. And it is WISE for you to pay.
Is it better to get a car loan from a credit union, a bank, or a loan shark?
It would usually be cheaper and more ideal to get your loan from a credit union, but this can change, depending on your credit score! The second best would be getting your loan from a loan shark.
How is a credit union different from a savings and loan association?
You cannot save money in a credit union
Using the above example Person A has signed papers which state the all of their deposits serve as collateral on all of their loans with the credit union can the credit union apply those funds to loan?
Yes, if your membership agreement says so
Your husband defaulted on his vehicle loan How will it affect your credit report?
if you co-signed on the loan then your credit will be impacted negativly just as his
Where can one get a car loan when they have no credit?
The best place to get a car loan when you have no credit is at the local bank or credit union that you have had an account at for a prolonged period of time. If you've never belonged to a bank or credit union you can ask your family if they will cosign a loan at their financial institution.
What is the lowest credit score a credit union will accept for a car loan?
660
Can you have a loan you co-signed removed from your credit?
No. You cannot have it removed from your credit history. If the primary borrower defaults you must pay the balance of the loan your own credit will be ruined.
How can you sell your car if the credit union has your title but you do not owe any more on the loan?
Contact the Credit Union for a lean release.
Can you trade your vehicle in if you have a loan for it through a credit union?
YES
