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Conference 7.286::dcu

Title:	DCU
Notice:	1996 BoD Election results in 1004
Moderator:	CPEEDY::BRADLEY

Created:	Sat Feb 07 1987
Last Modified:	Fri Jun 06 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1041
Total number of notes:	18759

658.0. "question about acess to ADVANTAGE" by JUPITR::BROWER () Mon Apr 26 1993 19:21

          I have sort of a dum question. I recently was approved for 
    an ADVANTAGE credit line. I plan on consolidating some credit/car
    loans. Does the DCU issue separate checks for this or do I write
    a check against my DCU checking account? It's not very clear in
    the literature how you access the credit line...
    
             Bob

T.R	Title	User	Personal Name	Date	Lines
658.1	No Problem	MUNICH::TUSIA	Off To See The Lizard	`Tue Apr 27 1993 07:52`	15
	One way is to transfer from the loan account to your checking account. You can do it through easy-touch or through the DCU ATMS. Then all you have to do is write a check from your checking account. Works great as I am over here in Germany now and can do it very easy through the phone. The other way is to just write a check that over drafts your checking account. The DCU automatically transfers the money from the loan account to your checking account =) Cheers, Dick
658.2		PATE::MACNEAL	ruck `n' roll	`Thu Apr 29 1993 13:20`	1
	I have checks to access my Advantage credit line.
658.3	Secured by property?	HOTLNE::CORMIER		`Tue Jan 31 1995 11:01`	4
	Is this loan secured by property, or simply a credit card without the credit card? The loan booklet isn't very helpful. Also doesn't state any maximum or minimum. Sarah
658.4		LJSRV1::BOURQUARD	Deb	`Tue Jan 31 1995 11:23`	8
	I think ADVANTAGE is what I have -- it's the overdraft protection on our checking account. It's more like a credit card without a card. There is a credit limit. But there is no minimum. You should be able to find the credit limit on your monthly statement, or call up the touch-tone system and inquire for the balance on this "loan" (I believe it's usually suffix 1). It will report your balance and then tell you how much leftover credit is available -- add the 2 numbers to get your limit.