02-17-2009 01:48 PM - edited 02-17-2009 01:49 PM
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
"The right attitude is everything"
02-23-2009 11:28 AM
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
Once again, Congratulations on the new card. Enjoy!!!
"The right attitude is everything"
02-23-2009 04:57 PM
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?
02-23-2009 05:05 PM
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
02-24-2009 01:59 PM
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??
02-24-2009 03:08 PM
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
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