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@fixmycred14 wrote:I tried for a CLI 2 days ago and got the 3-5 message. Definite, HP. I sent a secure message and was told my request was denied. I should receive a letter in 7-9 days. I have no idea why my request was denied. However, after following CreditAddicts advice, I app'd for the LOC. Approved for 15K!!!!!!!! I'll try for a CLI at a later date. I'm just waiting for the loan doc/promissory note to sign anyday now.
Congrats on the LOC approval! Must feel great to be approved for the max! If you don't mind could you share income and score? Thank you!
Thanks! Scores are below. @ Scupra I sent you a PM.
Can someone explain how NFCU LOC works?
@fixmycred14 wrote:@Anonymous! Scores are below. @ Scupra I sent you a PM.
Can someone explain how NFCU LOC works?
they send you a checkbook you can write checks off of.
or if you use your debit card or write a check off your regular checking and it doesn't have the funds it will pull from the loc.
@fixmycred14 wrote:
Thanks everyone! I searched for this thread....glad I finally found it! Thanks for the LOC clarification. Do you have to pay off what you spend in 30 days like overdraft protection?
No it's a line of credit that carries about a 14.9% rate
So my denial letter came. For those of you who dont want to scroll through the previous pages, I requested a cli on cash rewards to go from 3k-10k and on same day applied for navcheck got approved for 5k.
All of my accounts listed in my sig had zero balance except my plat card which has an 1800 balance and I also have a 16k remaining balance with them for an auto loan.
Denial reasons listed are
Income insufficient for credit line requested.
Too many credit obligations.
My income is 56k per year
6.5K nRewards card CLI auto upgraded to 8.5k. I called two days ago and had the card upgraded to Flagship Rewards. Hit the love button and put in 10.5 k - instant approved. 82k salary - I probably could've tried for higher - any ideas if I should?
Regards.
@jeffrey_MBP wrote:6.5K nRewards card CLI auto upgraded to 8.5k. I called two days ago and had the card upgraded to Flagship Rewards. Hit the love button and put in 10.5 k - instant approved. 82k salary - I probably could've tried for higher - any ideas if I should?
Regards.
Jeffrey 83 pages I'm going to reach through this computer and hit the submit button for you... go back and ask for $25k, then you will get the system counter offer for the full credit line they think you can have right now.
Thank you.