04-02-2012 06:13 PM
I have had Navy Federal LOC (Navchek) since May 2009. It was at $2000 and it never occured to me to ask for an increase. I would use it to pay a few bills and paid it off in full every month. After reading a few posts on here about asking for increases every few months, I realized I was long overdue. I called them up and asked for an increase. The rep asked what I would like to increase it to. I asked what the limit was. She said $15,000. I said, well, let's go for that then. 5 days and one verification phone call later and I got the message saying I was approved for the full increase to $15,000. It was applied to my account within the same day as the notification.
I figured, why not go for gold and applied for the Navy Federal CashRewards Visa on the 28th. Just got the message that I was approved for $10,000 credit limit.
For the past 3 years I have been stuck at a $3500 credit limit, which was the $2000 LOC and a $1500 Capital One card. Within a week I was able to attain $23,000 more in credit, which will hopefully help raise my credit scores even more! I feel really great right now.
I also applied for a mortgage loan with Navy Federal. Just faxed in all my paperwork and tax papers. Hoping for the best. We already live in the house we want to buy so I really hope it works out well. Seems like they are feeling generous.
04-02-2012 06:21 PM
04-02-2012 06:22 PM
Congrats on the CLI and approvals !!! The CLIs should definately lower your utilization if you are carrying any balances. And good luck with your Mortgage application, keep us posted on how it goes....
04-02-2012 07:59 PM
Congrats! Awesome limits! Do you happen to know how many HP they did?
04-02-2012 09:56 PM
YAY I love these posts!
Keep us posted on Mortgage, you might have to post over on Mortgage Board but at least come back and post here to go check out new post!!!
I'm really interested in learning more information on the first time homebuyer and what has to be put down and pre-approval based on income and score.
04-03-2012 04:15 AM
NFCU for president :lol:
04-03-2012 04:20 AM
They did 1 hard pull for the mortgage, and soft pulls for the LOC and credit card. No income verification asked for LOC or credit card, but I sent in my tax return for the mortgage. I will keep you updated!!
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO