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Credit Card Consolidation LOAN NFCU

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creditwatcher2012
Frequent Contributor

Credit Card Consolidation LOAN NFCU

I just applied for this loan to consolidate my internal credit card debt with NFCU. Do you think it would be approved--if it will be contigent upon closing my NFCU cards? 

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improvingmycredit
Valued Contributor

Re: Credit Card Consolidation LOAN NFCU


@creditwatcher2012 wrote:

I just applied for this loan to consolidate my internal credit card debt with NFCU. Do you think it would be approved--if it will be contigent upon closing my NFCU cards? 


Hey creditwatcher2012!

I wish you the best of luck.  Typically, most institutions won't consolidate their own CCs balances into a unsecured fix rate loan.  I know they won't allow BTs either from one of their own CCs to another of their own CCs.  Please let us know the outcome.  When you apped the loan, did you tell them you were wanting the loan to consolidate their own credit card balances?  


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSR 20.5K, TotalRewards 25K, QuickSilver 20K

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