Advantage Federal Credit Union

Bait And Switch

This place is shady. They dangled 1.97% interest rate on auto loans for 60 months, and 2.47% for 72 months. I walk in asking about 72 months at 2.47%, for a loan that I'm already pre-qualified for through the dealership where I'm buying the vehicle at 3.49%, they ask a ton of questions, all the way down to child support payments, lol. Ok, I'm driving in here with an 850 FICO score, zero credit card debt, a full-time job that pays well and they call me back later that day to say they're sorry, it's too much for a car but if you want a mortgage we can do that. Very strange business model, wasting people's time, we'll have to see how that works out for them. I'll be sure to inform others of my experience here. The young lady at the branch was friendly enough so I guess there's that. Too much for a car, you folks have a whole lot of nerve I have to say, lol, it's like are we married?

Edit, following up. So they've sent me a letter a week later about why they declined the car loan stating that they checked my credit score through Experian and it was 759. I was surprised at 759 so I went online and registered with Experian directly to verify this. And it shows 850, lol, as I said before I knew prior to even applying for the loan it was 850. I check it regularly. So they'll outright lie about your credit score besides. Whatever... at this stage I'll gladly pay the dealer an extra point on the loan. Here I thought the dealers were the shady ones.