Credit Cards

[CanDoAttitude]

Super Congrats suburbherb!!!

It looks like Navy Fed saved you $9 for every

1% reduction in your auto loan rate. That's not

bad for government work, and I'm sure you'll be able

to put that extra 90 bucks/month to good use.

It sounds like you're definitely on the road to bigger

and better things. Congrats again on the auto loan

approval!!! 

CanDo

"The right attitude is everything"

Message Edited by CanDoAttitude on 02-17-2009 01:49 PM

[moondog7324]

Did you check the bi-weekly payment option?

[aodmorris]

I just recieved my approval on my first Navy Card. 25k!!  It took about 10 days, but finally got it. 

Wow, thanks alot for all the advice here.

[CanDoAttitude]

Super Congrats aodmorris!!!

$25,000 on your first Navy Fed card is off the charts.

There are some folks in this country who don't earn

that much in a year, so you definitely have a lot going

for you in order to deserve such a generous opening 

credit limit.

Once again, Congratulations on the new card. Enjoy!!! 

CanDo

"The right attitude is everything"

[aodmorris]

Thnaks Can Do!

I just cancelled my First Premier. Going to close Juniper and Crap one when the card comes in the mail!!!

Thanks for everything!! 

[preci0uz]

---

aodmorris wrote:

I just recieved my approval on my first Navy Card. 25k!!  It took about 10 days, but finally got it. 

Wow, thanks alot for all the advice here.

---

Congrats on the card!

I'm itching to apply, but I want them to see at least 2 pay periods deposit in my checking account. 

If you don't mind me asking, do you get your paycheck direct deposited with them? Also do you know your EQ scores?

[aodmorris]

Hi:

EQ Score is 719.

I opened my Savings acct on Sunday Feb 15th. Applied for the card same day.

At the time of approval I had not deposited any money yet.

Today when I found out I was approved, I sent a wire transfer over to have a deposit of acct.

Closing all of my B of A accts in the next two weeks nad putting everything with Navy from now on!!

I also applied for a MC and Overdraft protection.

I will keep you posted on both.

All the best 

[aodmorris]

Ok so, I was decline for Nav Check over draft LOC.

Still waiting to hear about my MC application.

Navy pulled my credit report each time and my EQ score has gone from 719 to 687!

I though they were only gonna pull it once for all thre apps, guess I was wrong.

Anyone knoe how long it will tak to recover??

Thanks 

[suburbherb]

aodmorris,

You should be ok in about 2-3 months. Just make your payments on time, and keep your DTI ratio's low. usally around 10%.....and you should see your score rise. Actually when the new account appears on your credit, it should raise it, as long as you have not capped out on the usage before it reports. Just manage the usage, and pay on time and you will get back to the the 700's.....I know how it feels, as I was at 724 in July of last year after  very closly manageing it, and then went on a credit card spree( 15 cards)....and then took my usage to the 18% level, not to mention the inq's. I was just too excited. I have the cards, and new debt, I just need to get my usage down and I'm sure Ill ge back to the 700 club.

661 EQ as of last week