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Who is a DCU loan personal loan good for?
A DCU traditional personal loan may be a good option if you want to consolidate debt or finance a home renovation and are already a DCU member or qualify for membership. DCU’s lowest interest rates are competitive, but see if you qualify for its interest rate discount if you’re comparing potential rates from other lenders.
A DCU quick loan may make sense if you have little to no credit but need money for a financial emergency.
But remember: You must first qualify for DCU membership
before you can take out a loan or open an account. If you don’t qualify, you’ll
have to look elsewhere for a personal loan.
*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the personal loan, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.
About the author: Ashley Chorpenning is a personal finance writer and content creator. In addition to being a contributing writer at Credit Karma, she writes for solo entrepreneurs and Fortune 500 companies. Ashley has a Bachelor of Bu… Read more.
