Credit Cards Center Credit cards from our partners
Reply
New Visitor
Posts: 3
Registered: ‎04-05-2017
0

Re: Working my Rebuild!

Hello Everyone!! Smiley Happy

 

I am new to the forum but a long time lurker (that sounds creepy, lol) but reading threads like this keeps me encouraged. I filed Ch7 10/16 and was discharged 1/17 so I am really just beginning my rebuild journey. I have disputed some remaining things on my credit reports and I am a member of NFCU so I plan on starting with their secured card. Wish me luck!!

CH7 Filed 10/16 | Discharged 1/17
Established Contributor
Posts: 956
Registered: ‎04-14-2016
0

Re: Working my Rebuild!


Road2Rebuild wrote:

Hello Everyone!! Smiley Happy

 

I am new to the forum but a long time lurker (that sounds creepy, lol) but reading threads like this keeps me encouraged. I filed Ch7 10/16 and was discharged 1/17 so I am really just beginning my rebuild journey. I have disputed some remaining things on my credit reports and I am a member of NFCU so I plan on starting with their secured card. Wish me luck!!


You are so wished - Welcome to the forums, by the way

 

Navy has changed it's underwriting a bit since I squeaked through on recon 3 months post-DC - I definitely agree that you should go secured less than 1-yr post DC, regardless of scores






BK7 Discharged 4/27/2016 - Fico 8 as of 05/18/2017: EX 655 / TU 660 / EQ 676 - Follow my Journey Here
New Visitor
Posts: 3
Registered: ‎04-05-2017
0

Re: Working my Rebuild!


TygerHawke wrote:

Road2Rebuild wrote:

Hello Everyone!! Smiley Happy

 

I am new to the forum but a long time lurker (that sounds creepy, lol) but reading threads like this keeps me encouraged. I filed Ch7 10/16 and was discharged 1/17 so I am really just beginning my rebuild journey. I have disputed some remaining things on my credit reports and I am a member of NFCU so I plan on starting with their secured card. Wish me luck!!


You are so wished - Welcome to the forums, by the way

 

Navy has changed it's underwriting a bit since I squeaked through on recon 3 months post-DC - I definitely agree that you should go secured less than 1-yr post DC, regardless of scores


I really appreciate your feedback because for a little while now I have been wondering where to start. I figure that I will start with the secured and give myself a CL of $1500 instead of the base $500 and go from there.

CH7 Filed 10/16 | Discharged 1/17
New Contributor
Posts: 62
Registered: ‎09-30-2016

Re: Working my Rebuild!

[ Edited ]

TygerHawke wrote:

The [Navy Federal] consumer loan department (which handles the auto loan and CLOC) uses EQ 100% of the time.  


This is not quite accurate. Equifax is the first bureau to be pulled. If the loan officer wants to request a second CBR, it is almost always TransUnion. Loan officers will then use what they consider the most "complete" CBR to decision an application. This may result in TransUnion being used. 

 

Why else might another bureau be pulled? If Equifax is frozen, if Equifax shows minimal trade lines, if Equifax has no hit, etc.

 

It is correct to say that the same inquiry can be used for non-credit card lending products, if an application is submitted with a 30-day timeframe. So you could theoretically apply for a personal loan, CLOC, auto loan, boat loan, RV loan, and debt consolidation loan with one inquiry. 

 

Established Contributor
Posts: 956
Registered: ‎04-14-2016

Re: Working my Rebuild!


Road2Rebuild wrote:

TygerHawke wrote:

Road2Rebuild wrote:

Hello Everyone!! Smiley Happy

 

I am new to the forum but a long time lurker (that sounds creepy, lol) but reading threads like this keeps me encouraged. I filed Ch7 10/16 and was discharged 1/17 so I am really just beginning my rebuild journey. I have disputed some remaining things on my credit reports and I am a member of NFCU so I plan on starting with their secured card. Wish me luck!!


You are so wished - Welcome to the forums, by the way

 

Navy has changed it's underwriting a bit since I squeaked through on recon 3 months post-DC - I definitely agree that you should go secured less than 1-yr post DC, regardless of scores


I really appreciate your feedback because for a little while now I have been wondering where to start. I figure that I will start with the secured and give myself a CL of $1500 instead of the base $500 and go from there.


I can help with that:

 

Start Here

 

And then read Here

 

Those 2 threads will take you about a week to read, so pace yourself - there's a lot of info there, including some outdated info that gets corrected later in the thread, so read everything before doing anything  Smiley Wink

 

Good Luck!






BK7 Discharged 4/27/2016 - Fico 8 as of 05/18/2017: EX 655 / TU 660 / EQ 676 - Follow my Journey Here
Established Contributor
Posts: 956
Registered: ‎04-14-2016
0

Re: Working my Rebuild!


leonel9 wrote:

TygerHawke wrote:

The [Navy Federal] consumer loan department (which handles the auto loan and CLOC) uses EQ 100% of the time.  


This is not quite accurate. Equifax is the first bureau to be pulled. If the loan officer wants to request a second CBR, it is almost always TransUnion. Loan officers will then use what they consider the most "complete" CBR to decision an application. This may result in TransUnion being used. 

 

Why else might another bureau be pulled? If Equifax is frozen, if Equifax shows minimal trade lines, if Equifax has no hit, etc.

 

It is correct to say that the same inquiry can be used for non-credit card lending products, if an application is submitted with a 30-day timeframe. So you could theoretically apply for a personal loan, CLOC, auto loan, boat loan, RV loan, and debt consolidation loan with one inquiry. 

 


Thank you - It would have taken me far longer than I would have cared to spend to go into this level of detail, but I agree with everything said






BK7 Discharged 4/27/2016 - Fico 8 as of 05/18/2017: EX 655 / TU 660 / EQ 676 - Follow my Journey Here
New Visitor
Posts: 3
Registered: ‎04-05-2017
0

Re: Working my Rebuild!


TygerHawke wrote:

Road2Rebuild wrote:

TygerHawke wrote:

Road2Rebuild wrote:

Hello Everyone!! Smiley Happy

 

I am new to the forum but a long time lurker (that sounds creepy, lol) but reading threads like this keeps me encouraged. I filed Ch7 10/16 and was discharged 1/17 so I am really just beginning my rebuild journey. I have disputed some remaining things on my credit reports and I am a member of NFCU so I plan on starting with their secured card. Wish me luck!!


You are so wished - Welcome to the forums, by the way

 

Navy has changed it's underwriting a bit since I squeaked through on recon 3 months post-DC - I definitely agree that you should go secured less than 1-yr post DC, regardless of scores


I really appreciate your feedback because for a little while now I have been wondering where to start. I figure that I will start with the secured and give myself a CL of $1500 instead of the base $500 and go from there.


I can help with that:

 

Start Here

 

And then read Here

 

Those 2 threads will take you about a week to read, so pace yourself - there's a lot of info there, including some outdated info that gets corrected later in the thread, so read everything before doing anything  Smiley Wink

 

Good Luck!


Thank you!! Reading now Smiley Happy

CH7 Filed 10/16 | Discharged 1/17
New Contributor
Posts: 62
Registered: ‎09-30-2016
0

Re: Working my Rebuild!


TygerHawke wrote:
Thank you - It would have taken me far longer than I would have cared to spend to go into this level of detail, but I agree with everything said

 

 

Coincidentally, I helped a couple who was conditionally approved using an Equifax pull, but then later declined after the loan officer decided to pull TransUnion. Sad day. 

 

The one thing that I can say with certainty is that after 10 years, I have seen Experian pulled 2 times total.

 

New Contributor
Posts: 66
Registered: ‎10-05-2016
0

Re: Working my Rebuild!

How do you sign up fico with  NFCU?

Discharged 3/23/17
Fico 8 Scores 3/28/17
EX 606/TU 566/EQ 613
Established Member
Posts: 26
Registered: ‎01-22-2017
0

Re: Working my Rebuild!

[ Edited ]

I also was unable to locate where you could sign up for fico with NFCU.  

 

+Following

BK13 Discharged 03/17
Starting Fico 8 Scores: EQ N/A , TU 516, EX 558
05/01 Fico 8 Scores: EQ 645 , TU 582, EX 593


Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.