topic Re: There is hope! in Bankruptcy

There is hope!

britestar969 — Sat, 08 Dec 2012 22:37:29 GMT

Since my BK was discharged in July 2012, I decided to apply at NFCU. The process was fairly simple and I received my member # right away. I opened a checking and saving with only $5. My only question is was it a good decision to app for the rewards cards on the same day?? Not sure if I will get the card. Think I read somewhere that they use TU which is good for me because it is my highest score right now at 619. Got a call later today stating I needed to provide id, ssc and proof of address. Is this standard or the beginning of a letdown? :smileysad: Heading to the branch in the morning with info in tow. Does anyone know what the starting limit can be on the reward visa card? Don't wanna get in too deep too soon..:smileyindifferent:

Re: There is hope!

llecs — Sat, 08 Dec 2012 17:18:23 GMT

I don't think it was a bad thing to try....I may be wrong but I think they use the same inquiry. I don't know how they are with past BKs though. The request for info is standard for them.

Re: There is hope!

shols44 — Sat, 08 Dec 2012 17:35:46 GMT

NFCU is notoriously BK friendly! You've made a great choice here.

Now, do you already have any lines reporting post BK? If not, you are likely to be offered a secured card option first. Which is not bad.

If you already have lines reporting, get ready to be impressed. NFCU is a Godsend to post BK credit rebuild. There are numerous 3-5k rewards visa, NAVcheck approvals post BK here in the forums.

I'm currently working on getting in myself. I'm willing to work a street corner to get in with this CU.

Re: There is hope!

britestar969 — Sat, 08 Dec 2012 17:54:47 GMT

Shols44, I currently have 2 line reporting post bk. Merrick Bank (600) and Firest Premier (300). Both lines are 1-2% utilization only had em for a month or so. I do, however, have a lot of inquiries maybe 5-6. Hopefully I get approved, dont care about the CL for now Im nsure it will grow with time! :smileyembarrassed: By reading the forums I can clearly see the generosity of the cu! They didn't offer the secured card upfront, but told me that they will counter-offer that if I'm not approved. They called me last night requesting additional info for cc fraud prevention so we will see. Not sure what that was all abt. I took my info in this morning and signed the signature card. They said they'll be in touch via email or phone.. They faxed my documents over. We'll see what happens. Will update with any info. If I'm not approved, I will garden for the next 6 mos...:smileyindifferent:

Re: There is hope!

Scupra — Sat, 08 Dec 2012 18:04:30 GMT

Great luck! Let me know how it pans out for you!

Re: There is hope!

britestar969 — Sat, 08 Dec 2012 18:15:30 GMT

Thanks! I'm super excited and worried at the same time!

Re: There is hope!

britestar969 — Sat, 08 Dec 2012 18:35:08 GMT

Got an update from CreditKarma and NFCU did 2 hard pulls!!! Oh no!!!:smileysad: I thought they would use the same pull for both accounts!! uh-oh! :(

Re: There is hope!

Scupra — Sun, 09 Dec 2012 01:02:43 GMT

britestar969 wrote:
Got an update from CreditKarma and NFCU did 2 hard pulls!!! Oh no!!!:smileysad: I thought they would use the same pull for both accounts!! uh-oh! :(

I have seen a lot of other threads where they will not use the same HP for different products. Hopefully someone with more experience can chime in for you. Crossing my fingers for you!

Re: There is hope!

shols44 — Sun, 09 Dec 2012 01:30:02 GMT

I would be very very shocked if they don't approve you! 99% chance you are approved, and I mean big! I can't tell you how many times I've sobbed when I see the 6 months post-BK 5K limits approved by NFCU.

They are hard pull happy! Don't worry about it. The generous CLs definitely make up for it. I'm telling you, I would rob a small child if it meant joining NFCU.

Re: There is hope!

Scupra — Sun, 09 Dec 2012 01:46:00 GMT

shols44 wrote:
I would be very very shocked if they don't approve you! 99% chance you are approved, and I mean big! I can't tell you how many times I've sobbed when I see the 6 months post-BK 5K limits approved by NFCU.

They are hard pull happy! Don't worry about it. The generous CLs definitely make up for it. I'm telling you, I would rob a small child if it meant joining NFCU.

Hahaha that is hilarious! This thread makes me impatient to building my relationship with them haha!

Re: There is hope!

britestar969 — Sun, 09 Dec 2012 03:38:29 GMT

Yes Shols44 I said the same thing abt the huge cls! We will have to wait and see. Maybe I will find out on Monday. Keeping my fingers crossed!:robotsurprised:

Re: There is hope!

britestar969 — Sun, 09 Dec 2012 03:37:08 GMT

Scupra, I opened the account and applied for a card right away. The rep told me that they would usually counter offer with the secured card if I dont get approved. If that's the case I will go with that and see how things go from there. Either way after this Im off to the garden until 06/13!!:smileywink:

Re: There is hope!

Scupra — Sun, 09 Dec 2012 18:31:11 GMT

britestar969 wrote:
Scupra, I opened the account and applied for a card right away. The rep told me that they would usually counter offer with the secured card if I dont get approved. If that's the case I will go with that and see how things go from there. Either way after this Im off to the garden until 06/13!!:smileywink:

Awesome! I signed up for checking and savings the same day I filed and then the exact day I saw on pacer that I was discharged opened the secured nRewards through them. They said it will graduate in a year and from what it looks like on these boards it will also double the CL at that point. I wish I had some built up lines before so I could have gone unsecured right away, but I didnt want to wait to start with them! The end goal is to apply for a house two years from now through them :)

Re: There is hope!

hawaii12 — Sun, 09 Dec 2012 21:32:58 GMT

Aloha,

Great post I am in the process of applying for a NFCU account as well when my son joins the army. This bank has everything I will need from personal accounts to business accounts. Also would like to know more information on Merrick Bank? I never heard of them and how do you apply for it?

Aloha

Re: There is hope!

britestar969 — Sun, 09 Dec 2012 22:07:36 GMT

Hawaii12, I got a pre-approved offer in the mail from them. The startling cl is 600.00 and doubles to 1200.00 after 6mos of on time payments. Just joined NFCU Friday. Have heard nothing but good things about them on this board so we will see what happens.

Re: There is hope!

hawaii12 — Mon, 10 Dec 2012 01:24:29 GMT

Cool..... Congrats. What is needed to join NFCU? Did you have a member of you family in the military?

Re: There is hope!

britestar969 — Mon, 10 Dec 2012 02:35:02 GMT

My dad was in the military but he's retired now. I really wish everyone could get in if they've served in the military and notjust retired...:smileysad:

Re: There is hope!

hawaii12 — Mon, 10 Dec 2012 03:03:07 GMT

WOW...... Question Did your dad have to open account for you to get account or Was you able to open a account without him but had to prove that he was in the military?

Re: There is hope!

britestar969 — Mon, 10 Dec 2012 03:18:36 GMT

I was able to open the account myself by providing his info. He does not have an account there though...

Re: There is hope!

hawaii12 — Mon, 10 Dec 2012 03:59:21 GMT

That Great I have two grandfathers that have retired from the Service so it shouldn't with no problem me join the NFCU