02-26-2010 12:49 PM
02-26-2010 12:55 PM
I want to apply for a personal loan with NFCU I have good scores but short history depending on who they pull. EX has an old account from 1995.
First, NFCU pulls Equifax, unless it's a trimerge for a mortgage app. I don't know what criteria they use for personal loans, but I've read of people being "instantly" approved. Do you have regular deposits going into an NFCU account, via (perhaps) direct deposit or regular ACH transfers? Do you have an NFCU credit card? They seem to greatly value your internal history with them. And they really love you if you park your money with them.
Friendly, Supportive & Respectful
"However gradual may be the growth of confidence, that of credit requires still more time to arrive at maturity” ~ Benjamin Disraeli
02-26-2010 01:01 PM
02-26-2010 01:05 PM
02-26-2010 02:00 PM
Thanks for the responses. I opened up a savings with NFCU.
Based on my EQ 3-in-1 Score Watch credit report this is what it states:
inquiries in last 3 yrs- 3
recent acct opened-12/2009
oldest acct acct- 9/2007
length of credit 2 yrs 5 mos.
average acct age 10 months
I only have a mortgage, installment loan, walmart card, closed First Premier card & 2 closed Aaron accounts just recently paid. What are my chances?
02-26-2010 02:04 PM - edited 02-26-2010 02:05 PM
02-26-2010 02:12 PM
02-26-2010 02:48 PM
02-28-2010 12:23 PM
If you want to wait for JcP that's fine, however, you are truly good as gold right now according to NFCU standards. They are truly the best. Instant approval Flagship Visa 10k now 20k when my score was 650. Have added LOC 11k, nRewards 8500 and gotten CLI of 5k when I was 80% util on Flagship card. I LUV hem the most!! Godd luck.
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