FAQ Category: Personal
How does an ODLOC help with overdrafts?
An ODLOC can help prevent bounced checks, declined transactions, and overdraft issues by covering shortfalls in your checking account when funds are not...
Continue ReadingWhat affects approval for a Personal Line of Credit?
Approval is subject to application and credit review. Eligibility, rates, and credit limits can depend on creditworthiness and other underwriting...
Continue ReadingHow does a personal loan or line of credit affect my credit score?
A personal loan can impact your credit score both positively and negatively. Making on-time payments can improve your credit score. However, missing payments or defaulting on a loan can harm your credit score. Applying for a loan also results in a hard...
Continue ReadingWhat can I use a personal loan for?
Personal loans can be used for a variety of purposes, including: debt consolidation, home improvements, medical expenses, major purchases (appliances, electronics), special events (weddings, vacations), or unplanned emergency...
Continue ReadingDoes applying for multiple personal loans hurt my credit score?
Yes, applying for multiple loans of any kind can negatively impact your credit score. However, consistent, on-time payment of loans will improve your credit in both the short and long...
Continue ReadingHow can People Driven Credit Union help me improve my credit before applying?
PDCU has a variety of avenues for improving credit. These avenues include debt consolidation loans, which can help manage current debt, and credit builder loans, which can improve your credit while also establishing a savings account as a stepping stone...
Continue ReadingHow do I make a loan payment?
To make a payment via online banking with funds already in your account, log in to the MyPDCU Online Portal or use the MyPDCU app, and select Transfers. Select where you want to transfer from and which loan you would like to transfer to. To...
Continue ReadingDo I need to be a PDCU member to take out a loan?
All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the state of Michigan, as well as to relatives of current members. To complete an application for...
Continue ReadingWhat is a Vacation Loan?
A Vacation Loan is a personal loan you can use for eligible travel-related expenses. It gives you one loan amount and fixed monthly payments, so you can budget for your trip with a clear payoff...
Continue ReadingWhat can I use a Vacation Loan for?
Vacation Loans may be used for eligible vacation expenses such as flights, lodging, transportation, travel packages, and other trip-related costs. Honeymoon expenses are also a common...
Continue ReadingAre my payments fixed?
Yes. If approved, your Vacation Loan has fixed monthly payments, which helps make your travel budget more...
Continue ReadingWill applying hurt my credit?
Submitting an application may result in a credit inquiry. Approval and rate are based on creditworthiness and other underwriting...
Continue ReadingHow to find your PDCU Account Number or Member ID Easily
To apply for PD Quick Cash, you will need your PDCU account number or Member ID, along with your 5-digit ZIP code, to look up your account. This is a different login process from online banking or the MyPDCU app. You can find your Member ID in online...
Continue ReadingHow much can I borrow with a Life Situational Loan?
Life Situational Loans are available for amounts up to $15,000, based on creditworthiness and eligibility. Contact a Representative How long can I take to repay a Life Situational Loan? Terms are available up to 72 months, depending on the...
Continue ReadingHow long can I take to repay a Life Situational loan?
Terms are available up to 72 months, depending on the amount financed and...
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