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Established Contributor
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Registered: ‎09-04-2012
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Re: How to join NCFU and rebuild as a civilian the right way


SteelerNYC wrote:

Thank you for your response. We have processed your application and have opened your requested services. You should receive your welcome packet within 7-10 business days. If you require further assistance, please contact us at 1-888-842-NFCU. Thank you
 
Sincerely,
 
Navy Federal Credit Union
Membership Department
Phone: 1-888-842-6328
Fax: 1-703-206-4600

 

 

Smiley Happy Smiley Happy Smiley Happy


Congratulations on getting in!

Regular Contributor
Posts: 188
Registered: ‎12-07-2016
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Re: How to join NCFU and rebuild as a civilian the right way

Ok guys, so I got into NFCU a little while back, and opened a share secured loan with them.  I've been wanting to apply for a CC, but have been waiting to hopefully improve my odds.  Well I knew my Capital One statement would cut on the 13th and report a couple days later.  It has never reported more than a $30 balance, and that was only due to a pending charge they wouldn't let me make a payment on.

 

Anyways, I paid the card off last week but left $1 thinking it would report the small balance.  Well it turns out, they decided to credit my account $1 instead, and I got a notification that my Experian dropped 18 points this morning.  

 

I know the points will eventually come back, but never been more mad that someone gave me a dollar haha

 

Well, knowing TU usually takes at least an extra day to update, I pulled the trigger and apped for cash rewards a few minutes ago, got this message....

 

"Your application has been accepted and is currently being reviewed.
The processing time for a credit card application is 24 hours unless additional information is needed."

 

Anyone know if this is a good or bad sign?

 

Should I try to recon right now or wait it out?

 

Is there a best number to call for recon?

 

Thanks for any help, it's greatly appreciated!


BK 7 Starting Scores (12/2016): EQ-528. TU-486. EX-530.
Current Scores (3/2017): EQ-637. TU-640. EX-654.
Goal for 2017: 650's.
Regular Contributor
Posts: 155
Registered: ‎02-07-2017
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Re: How to join NCFU and rebuild as a civilian the right way

@enjoimorenow
I applied for my card about 3 weeks ago and got the same message. Early the next morning I received my Congratulations message with my new credit limit. Not sure how our scores compare but based on what you wrote, I don't think you have anything to worry about. I think you can find the recon number in the Backdoor Numbers stickie, should you need it.


In the garden until spring 2018. Final date to be determined by closing on my new house!
Established Contributor
Posts: 896
Registered: ‎04-14-2016

Re: How to join NCFU and rebuild as a civilian the right way


enjoimorenow wrote:

Ok guys, so I got into NFCU a little while back, and opened a share secured loan with them.  I've been wanting to apply for a CC, but have been waiting to hopefully improve my odds.  Well I knew my Capital One statement would cut on the 13th and report a couple days later.  It has never reported more than a $30 balance, and that was only due to a pending charge they wouldn't let me make a payment on.

 

Anyways, I paid the card off last week but left $1 thinking it would report the small balance.  Well it turns out, they decided to credit my account $1 instead, and I got a notification that my Experian dropped 18 points this morning.  

 

Generally if you want a balance to report, make it at least $5-10.  Otherwise you run the risk of what you've just experienced! Smiley Very Happy

 

I know the points will eventually come back, but never been more mad that someone gave me a dollar haha

 

Well, knowing TU usually takes at least an extra day to update, I pulled the trigger and apped for cash rewards a few minutes ago, got this message....

 

"Your application has been accepted and is currently being reviewed.
The processing time for a credit card application is 24 hours unless additional information is needed."

 

Anyone know if this is a good or bad sign?

 

It's neither good or bad - that's the standard application response

 

Should I try to recon right now or wait it out?

 

Wait it out

 

Is there a best number to call for recon?

 

You can recon Navy via Secure Message if necessary, but if you prefer phone then the general phone number will do - they don't have a backdoor number

 

Thanks for any help, it's greatly appreciated!


Good luck with your app!






BK7 Discharged 4/27/2016 - Fico 8 as of 04/20/2017: EX 658 / TU 661 / EQ 678 - Follow my Journey Here
Regular Contributor
Posts: 188
Registered: ‎12-07-2016
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Re: How to join NCFU and rebuild as a civilian the right way

@TygerHawk

 

Thank you for the info, that's exactly what I was looking for.  Do you think I should expect an answer tomorrow morning?  It said within 1 day but not sure if they would update it on a saturday or if it will be monday.  I guess it's not a big deal, if I get denied i will try to recon, and if they say no i'm going to open the secured card.  

 


MikkiD wrote:
@enjoimorenow
I applied for my card about 3 weeks ago and got the same message. Early the next morning I received my Congratulations message with my new credit limit. Not sure how our scores compare but based on what you wrote, I don't think you have anything to worry about. I think you can find the recon number in the Backdoor Numbers stickie, should you need it.

Cool, thanks for the info.  My TU is at 640, only 2 inq's (CapOne and NFCU to open the account).  Obviously have a recent BK though, so not sure how good of odds I truly have.  Was hoping my scores would have gone up today, but due to my own screw up of leaving too small a balance, I got hit with a score drop.  Oops haha lesson learned I guess.


BK 7 Starting Scores (12/2016): EQ-528. TU-486. EX-530.
Current Scores (3/2017): EQ-637. TU-640. EX-654.
Goal for 2017: 650's.
Highlighted
Established Contributor
Posts: 896
Registered: ‎04-14-2016

Re: How to join NCFU and rebuild as a civilian the right way

Look for it on Monday






BK7 Discharged 4/27/2016 - Fico 8 as of 04/20/2017: EX 658 / TU 661 / EQ 678 - Follow my Journey Here
Regular Contributor
Posts: 185
Registered: ‎06-04-2015
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Re: How to join NCFU and rebuild as a civilian the right way

I think waiting for my updated utilization to report before I apply for credit with NFCU is probably the most patience I've ever exercised. 6 more days!

Ch 7 Discharge May 2015: EQ 588/TU 552/EX 570
March 2017: EQ 681/TU 659/EX 674

CreditOne $2200/Merrick $1700/Discover IT $3800/Target $1300/NFCU CLOC $2000/NFCU Cash Rewards $1000/PenFed Power Cash Rewards $2000/Total Utilization 5%
Regular Contributor
Posts: 188
Registered: ‎12-07-2016
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Re: How to join NCFU and rebuild as a civilian the right way


TygerHawke wrote:

Look for it on Monday


If I haven't heard anything yet on it, should I try messaging them or keep waiting it out?


BK 7 Starting Scores (12/2016): EQ-528. TU-486. EX-530.
Current Scores (3/2017): EQ-637. TU-640. EX-654.
Goal for 2017: 650's.
Established Contributor
Posts: 896
Registered: ‎04-14-2016
0

Re: How to join NCFU and rebuild as a civilian the right way


enjoimorenow wrote:

TygerHawke wrote:

Look for it on Monday


If I haven't heard anything yet on it, should I try messaging them or keep waiting it out?


They're running a bit busy with the current new business promo on cashRewards...hang in there, they'll get to it






BK7 Discharged 4/27/2016 - Fico 8 as of 04/20/2017: EX 658 / TU 661 / EQ 678 - Follow my Journey Here
Established Member
Posts: 16
Registered: ‎10-10-2008
0

Re: How to join NCFU and rebuild as a civilian the right way

I applied NFCU as a civilian on 03/15, and just got my welcome member letter last night!! So excited, I did exactly what was said here and it worked. I'm hoping after some time, I can build a good relationship post BK with them. Looking to buy a new car in June. The letter said to go into a branch and make a deposit or mail my deposit. After I do that is that when I should open a checking with them? When should I try for a CC or other line of starting credit? TIA.

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