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Valued Contributor
madmann26
Posts: 1,458
Registered: ‎08-30-2012
0

Kinda depressed about NFCU

To elaborate,

 

I was granted my CashRewards card (3k limit) in December 2012. Last week, I asked for a CLI to 7k, which was denied. I recieved my letter a few days later and it said "092 - Excessive Credit Obligations".

 

I don't get it. I make $90k/yr and I have rent and one car payment. I have a few other cards with $0 balances on them and I have 0 CA's now. I do have several CO's but they are all paid.

 

Thanks in advance.


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 712|EQ 695|EXP 723 (FICO)
What's in my wallet? Cap1 PLAT AU $4.25k; Cap1 QS AU $2k; NFCU Siggy $45k; $5k WalMart MC; CFNA Firestone $1.8k; Amazon $3k; NFCU Cash Rewards $22K; AMEX BCE $21k; NavCheck $15k; Lowe's $10k; Citi DP $7.7k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
Senior Contributor
john398
Posts: 3,526
Registered: ‎01-19-2009
0

Re: Kinda depressed about NFCU

How recent are the paid collections and did you try pay for delete instead of just paying them?

Valued Contributor
madmann26
Posts: 1,458
Registered: ‎08-30-2012
0

Re: Kinda depressed about NFCU

I don't have any CA's reporting. When I first got the card, I had 3-4 reporting.


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 712|EQ 695|EXP 723 (FICO)
What's in my wallet? Cap1 PLAT AU $4.25k; Cap1 QS AU $2k; NFCU Siggy $45k; $5k WalMart MC; CFNA Firestone $1.8k; Amazon $3k; NFCU Cash Rewards $22K; AMEX BCE $21k; NavCheck $15k; Lowe's $10k; Citi DP $7.7k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
Community Leader
Valued Contributor
DaveSignal
Posts: 2,111
Registered: ‎07-29-2011
0

Re: Kinda depressed about NFCU


madmann26 wrote:

To elaborate,

 

I was granted my CashRewards card (3k limit) in December 2012. Last week, I asked for a CLI to 7k, which was denied. I recieved my letter a few days later and it said "092 - Excessive Credit Obligations".

 

I don't get it. I make $90k/yr and I have rent and one car payment. I have a few other cards with $0 balances on them and I have 0 CA's now. I do have several CO's but they are all paid.

 

Thanks in advance.


You are expecting a lot if your FICO is accurate, but maybe you can just find a different lender to give you $7k.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Senior Contributor
john398
Posts: 3,526
Registered: ‎01-19-2009
0

Re: Kinda depressed about NFCU


madmann26 wrote:

I don't have any CA's reporting. When I first got the card, I had 3-4 reporting.


oh ok so there not reporting at all  not even as paid collections, that is great

Moderator
09Lexie
Posts: 26,593
Registered: ‎09-13-2012
0

Re: Kinda depressed about NFCU

Frequent Contributor
Adalen
Posts: 353
Registered: ‎05-01-2007
0

Re: Kinda depressed about NFCU

Give it a bit more time and you'll probably be fine.

2011: EQ 580~
2012: EQ 620~
2013: EQ 641, TU98 645, TU04 635, TU08 635, EX 648 (lender)
Closed on first home 4/25/13.
Valued Member
bradpitt
Posts: 50
Registered: ‎09-20-2012
0

Re: Kinda depressed about NFCU

If your scores are accurate you have to have some negatives on your credit report.
You need to concentrate your efforts on getting whatever it is off your reports if possible.
 
New Contributor
thirst305
Posts: 66
Registered: ‎03-03-2013
0

Re: Kinda depressed about NFCU

Just be glad you can get in the door.  Many of us don't have a way in and it is frustrating!!  I would someone 500 dollars to get in!!

Ch7 BK discharged 3/2009
Bloomies (10/99): 4k Alliant (8/10): 4k
SCEFCU Visa (9/12): 6k SCEFCU auto (9/12): 22k
Barclays Apple (10/11): 5k iTunes: 3k SLM: 15k
Amazon (8/12): 15k Walmart store (9/12): 6K
Partners (9/12): 20k CapOnex2 (1/10): 10k Discover IT (3/13): 5k
SDFCU: 20k Amex BCE: 8k
Valued Contributor
madmann26
Posts: 1,458
Registered: ‎08-30-2012
0

Re: Kinda depressed about NFCU

Brad

My current EQ FICO is 630.

Lexie

They are reporting correctly.

Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 712|EQ 695|EXP 723 (FICO)
What's in my wallet? Cap1 PLAT AU $4.25k; Cap1 QS AU $2k; NFCU Siggy $45k; $5k WalMart MC; CFNA Firestone $1.8k; Amazon $3k; NFCU Cash Rewards $22K; AMEX BCE $21k; NavCheck $15k; Lowe's $10k; Citi DP $7.7k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey

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