Products
The applicant must have a 680 FICO score or better to qualify for this installment loan.
What is a Lifestyle Loan?
A ______ debt with less than 6 payments remaining on the credit report can be removed from the member's DTI ratio by TLC.
What is an Installment debt?
What is DNA?
For Secured credit cards, we must hold _______% in a specially designated savings account.
what is 115?
The maximum age of the vehicle for this loan type is 7 years.
What is a Used Auto Loan?
The maximum term of an installment loan cannot exceed this length of time per $1,000 borrowed.
What is 1 year?
If the member has a Qualifile pre-approved loan, this must be entered as an _______ app within the Collateral area of the application so that it will not pull credit.
What is iRisk?
Regardless of the payment method, the Lifestyle loan has this fixed rate.
What is 9.85%?
This line of credit has a fixed rate of 11%.
What is an Overdraft LOC?
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?
When submitting a Credit Card application, you must also complete this field.
What is Mother's Maiden Name?
The minimum payment of our credit card products is ______% of the balance or $25, whichever is greater.
What is 2%?
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?
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 co-signer can only be recommended by ______.
What is a TLC Underwriter?
These job aids provide a list of all the required closing forms per loan type and an easily explainable summary of each document.
What are the Closing Document Assistants?
The minimum dollar amount for the Visa Signature Rewards card is _________ dollars.
What is $5,000?
TLC would have to use this document and obtain statements/proof to attach to the application if the member will have over $10,000 unsecured credit.
What is the Asset Worksheet (Personal Financial Statement/Total Loan Mgmt Worksheet)?
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?
The maximum LTV for a credit tier B on a new and used auto loan is ______%.
What is 100%