NFCU 2ND CARD --DID WE APP TOO SOON?!?!?

[KimberH]

Woo Hoo!

We were approved for a $2500 Visa today

Score is 646. Not great.....but we are rebuilding, so this is great news for us!

When we app'd, we wrote a statement at the end (which they allow) about what happened in 05/06 and that we made arrangements to pay everyone back. Baddies were the lates and two "charge offs" which really are not as they are being paid under arrangement with the OC, but they show up that way.

They checked our income, and approved us today!

DH was former Air Force....

We also have a savings & checking with them as well.

[KimberH]

Oh, and we did have to go thru the review process as well - it was NOT instant so there is hope!

[rom828]

Well, DH didnt get approved for the 2nd card...but we are not too disappointed.  The reasons stated for the declination:

• Existing credit limit on Navy Federal Visa account
• Insufficient income for additional unsecured credit

Since we had just got three other cards with them we do not feel 'cheated' out of a card in any way, shape or form.  We're grateful to get what they gave us, and as mentioned the $10K on DH's Plat Visa  is the highest CL either of us have.  And maybe it would be possible to get them to split the $10K betwen the Plat and the CR card, but really hate to reduce the CL on the Plat even if they would divide it.

We also don't "need" more credit with NFCU; we were just trying to get TLs established with them, so we'll use the cards wisely and perhaps in the future DH can qualify for the CR card, or maybe we'll  app as "joint"......guess we'll figure that out if/when the time comes to app again.