Credit Cards
The minimum dollar amount for the Visa Signature Rewards card is _________ dollars.
What is $5,000?
The maximum age of the vehicle for this loan type is 7 years.
What is a Used Auto Loan?
The applicant must have a 680 FICO credit score or better to qualify for this installment loan.
What is a Lifestyle Loan?
A co-signer can only be recommended by ______.
What is a TLC Underwriter?
The maximum limit on this equity product is $100,000.
What is a Vacation Equity Line of Credit?
For Secured credit cards, we must hold _______% in a specially designated savings account.
what is 115?
The collateral used for an Extended Mileage auto loan can have over 100,000 miles, but it cannot be older than this many years.
What is 10 years?
This line of credit has a fixed rate of 11%.
What is an Overdraft LOC?
Prior to beginning a loan application for a member in Loan Director, we should confirm there information in _______ first.
What is DNA?
A benefit of this product is that members have the option to convert a segment to an installment loan.
What is a Flex Home Equity Line of Credit (HELOC?)
The minimum payment of our credit card products is ______% of the balance or $25, whichever is greater.
What is 2%?
The maximum LTV for a credit tier B on a new and used auto loan is ______%.
What is 100%
Regardless of the payment method, the Lifestyle loan has this fixed interest rate.
What is 9.85%?
After entering the initial data for a member's application, we should advise them that they will be contact by someone from our Lending Center within ___________.
What is within 24 business hours?
A full appraisal is required for amounts greater than $250,000 for this product.
What is a Mortgage Eliminator?
The cash advance fee for any of our credit cards is _______or ______ of the amount of each cash advance, whichever is greater.
What is $10 or 2%?
A New vehicle must be previous year, current year or future year AND have less than 5,000 miles. Vehicles are considered USED after this date of the following year.
what is March 31st?
A benefit of the Lifestyle Loan is that it is an _________ loan meaning that there is no collateral and therefore, less paperwork.
What is unsecured?
If a member states they are going to use their Mortgage Eliminator funds for refinance & home improvement, we would report the purpose as this in Loan Director.
What is Refinance?
This is the minimum monthly payment on the Flex Home Equity Line of Credit.
What is 1% or $50 (whichever is greater)?
Allegacy offers a Signature Rewards credit card with a low competitive rate that rewards cardholders ________ for every dollar spent and can be redeemed later for merchandise, cash, experiences – and more
What is 1.5 points?
The maximum loan amount that is advertised to members for auto loans on Allegacy.org is _____%.
What is 100%?
Discrimination from these 9 bases (Exercise of rights under the consumer credit protection / Gender / Age / Race / Color / National Origin / Religion / Marital Status / Receipt of Public Assistance) is prohibited under this.
What is Regulation B?
Co-borrowers are equal joint owners on a loan. Co-borrowers must both be Allegacy members and meet this qualification.
What is live in the same household?
A loan is considered completed after these 6 data elements are obtained, triggering the early disclosures timeframe with TLC.
What is SSN, Name, Address, Stated Income, Estimated Property Value, and Loan Amount Requested?