NFCU APPROVAL

[2009]

Well I found out today that I was denied for the 7500 Navcheck LOC. I guess I asked for too much. The reasons says: Income insufficient for amount of credit requested. I wonder if I can be considered for a smaller amount????? Do you think I should forget about it or ask for  a smaller amount???? Advice please???

Thanks,

2009

[geronimo2008]

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@2009 wrote:

Well I found out today that I was denied for the 7500 Navcheck LOC. I guess I asked for too much. The reasons says: Income insufficient for amount of credit requested. I wonder if I can be considered for a smaller amount????? Do you think I should forget about it or ask for  a smaller amount???? Advice please???

Thanks,

2009

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Call and discuss it with the CR.

[fishbjc]

I'm surprised they didn't counter.  Call in & discuss what you're eligible for.  How long did it take to hear from them?? 

[2009]

It took about 24hrs. I called in and asked if I could see if I am eligible for a smaller amount and the CSR stated that he would put me in for 2500. He said that this way I wouldn't get another inq. He also said that it would take about 24hrs. So, I'll let you know what happens.

Thanks,

2009

[Anonymous]

You were smart to go high and then call in and go lower. I started out asking for $1,000 and tried for an increase and was denied. Good luck!

[2009]

Well, I finally received a reply today. I was approved for Navcheck 1500 instead of the 7500 or the 2500. The CSR said that at this moment I am only eligible for the 1500 LOC Navcheck. I am happy that I was able to qualify. So, I will take the 1500 and be happy. As time goes on I'm sure I will qualify for more. Thanks for all the advice!! So, I now have a 3500 visa and 1500 Navcheck LOC with NFCU!!

NFCU rocks!!!

Thanks,

2009

[goose3500]

That is great news congratulations!!! I just opened an account last friday, I was wondering did you have any baddies when you applied because i have two paid collections charge-offs and score around the same as yours. I would like very much to get a real credit card. thanks

[2009]

I have 2 charge-offs that will come off in Jan. 09. Also I have 3 other cards that are close to the limit, but that didn't stop the approval. The CC was online application instant 3500 CL. I am going to pay off the other 3 CC's and just keep the one from NFCU. Give it a try.

Thanks,

2009

[geronimo2008]

Did anyone notice that NFCU just announced a change in the NAVCHEK interest rate to 14.9%?

[JRInWA]

Ya saw that when I logged in yesterday.  I was soooo mad!!!  But then I remembered... I was so happy just to be approved for a CL a few months ago so I decided not to call

NFCU:

MasterCard Platinum $30K

NavChek LOC $15K

TU=671 EX=686 EQ=699

JR

Message Edited by JRInWA on 09-20-2008 08:15 AM