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Valued Contributor
Scupra
Posts: 1,245
Registered: ‎07-12-2012
0

Re: Can we have "OFFICIAL NFCU CLI - HOW IT WORKS!"


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!

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
679 EQ FICO 08/2014
674 TU FICO 08/2014
669 EX FICO 08/2014
$7k NFCU Flagship Sig - $8.5k NFCU cashRewards Sig - $15k NavChek - $2k Cap1 Quicksilver - $6k Barclays Arrival +
Established Contributor
fixmycred14
Posts: 537
Registered: ‎08-04-2013
0

Re: Can we have "OFFICIAL NFCU CLI - HOW IT WORKS!"

Thanks! Scores are below. @ Scupra I sent you a PM.

 

Can someone explain how NFCU LOC works?


Starting Score: FICO TU 591 FICO EX 581 FICO EQ 555
Current Score: FICO TU 662 FICO EX 652 FICO EQ 643
Goal Score: 700 CLUB


Take the myFICO Fitness Challenge NFCU nRewards $7K Cap1 Secured $500 NFCU LOC $15K
Mega Contributor
Creditaddict
Posts: 19,461
Registered: ‎10-23-2007
0

Re: Can we have "OFFICIAL NFCU CLI - HOW IT WORKS!"


fixmycred14 wrote:

Thanks! 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.

Fico Scores: EQ 657 Cabelas, TU 662 Walmart, EX 699 Wells (07-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 40 Cards in between :smileytongue:
Established Contributor
pizza1
Posts: 1,010
Registered: ‎07-17-2013
0

Re: Can we have "OFFICIAL NFCU CLI - HOW IT WORKS!"

Congrats on the LOC!!! I can't wait till I have some good news to post!! I'm hoping that my 6 mth mark will have a different outcome for me!:smileyhappy:
BK 7 D/C: 08/19/13~FICO-400's---> 07/14~EQ 659,EX 644,TU 640
NFCU loc-$15k|NFCU visa-$10k|Barclays-$1.5k|Cap one $2k|Wmart-$750|JCP-$500|Jcrew-$4,250|Loft-$450|Gap-$200|76 gas-$300|Amazon store-$700
Established Contributor
fixmycred14
Posts: 537
Registered: ‎08-04-2013
0

Re: Can we have "OFFICIAL NFCU CLI - HOW IT WORKS!"

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?

Starting Score: FICO TU 591 FICO EX 581 FICO EQ 555
Current Score: FICO TU 662 FICO EX 652 FICO EQ 643
Goal Score: 700 CLUB


Take the myFICO Fitness Challenge NFCU nRewards $7K Cap1 Secured $500 NFCU LOC $15K
Mega Contributor
Creditaddict
Posts: 19,461
Registered: ‎10-23-2007
0

Re: Can we have "OFFICIAL NFCU CLI - HOW IT WORKS!"


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

Fico Scores: EQ 657 Cabelas, TU 662 Walmart, EX 699 Wells (07-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 40 Cards in between :smileytongue:
Established Contributor
fixmycred14
Posts: 537
Registered: ‎08-04-2013
0

Re: Can we have "OFFICIAL NFCU CLI - HOW IT WORKS!"

Oh okay. Thanks for the clarification!

Starting Score: FICO TU 591 FICO EX 581 FICO EQ 555
Current Score: FICO TU 662 FICO EX 652 FICO EQ 643
Goal Score: 700 CLUB


Take the myFICO Fitness Challenge NFCU nRewards $7K Cap1 Secured $500 NFCU LOC $15K
Valued Contributor
rootpooty
Posts: 1,739
Registered: ‎10-28-2011
0

Re: Can we have "OFFICIAL NFCU CLI - HOW IT WORKS!"

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

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 3k | BOFA 123 3k |
Chase Freedom 1.5k | Amazon 1800 | Walmart 1450 | Buckle 300

On the prowl for Chase Sapphire Preferred!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
New Contributor
jeffrey_MBP
Posts: 50
Registered: ‎11-05-2012
0

Re: Can we have "OFFICIAL NFCU CLI - HOW IT WORKS!"

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.

Mega Contributor
Creditaddict
Posts: 19,461
Registered: ‎10-23-2007
0

Re: Can we have "OFFICIAL NFCU CLI - HOW IT WORKS!"


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.

Fico Scores: EQ 657 Cabelas, TU 662 Walmart, EX 699 Wells (07-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 40 Cards in between :smileytongue:

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