NFCU CLI - Got It! - CLOSED ACCOUNT - The Dark Side!

[swpopham]

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@IECredit wrote:

Whenever I ask for a CLI I make sure my total UTI is below 10% and the balance on the card IM asking for a CLI is really low! Some creditors get spooked if your carrying large balances for a long period of time and asking for more credit! That is a recipe for disaster, so you really can't blame them.

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Most of us understand that but NFCU is different, I have never NEVER seen them close a tradeline for use even if it is 99% maxed out.

[Idaho_Mechanic1984]

As many have said my high utilization should be a blessing to them as I always pay on time every month - so they are maxxing their profits on my activity for the past several years leaving it maxed out.... SSOOO STRANGE. The only difference I can see is my 2 requests - the first for $12500 that gave an error message then I tried for $9500 with the 3-5 day message and magically the next day it went to 9500 - but as soon as MAY 1ST hit when the card expired - BAM account closed and nothing I can do about it.

The only other difference is I was finally able to start dropping my utilization down so I went from like 95-99% down to around 85% with the CLI and was pushing sub 80% when everything went up in smoke - so yeah I would personally be VERY SCARED of requesting a CLI and updating income information (I input $28k self employed) ---- I deepfully regret my decision to do that after seeing so many CLI success stories I should have left it alone and maybe it would have continued to auto CLI.....

Then again back to it is very strange that I did not get an updated credit card expiration date --- which MUST have been preplanned because I believe the new card came before I did anything with CLI,

ONE OTHER THING I FORGOT --- I did put the account on hold for 3 weeks - the lady mentioned if I leave it for more than a month the account would be closed, so I made sure I was only at like 25 days before reinstating it - so perhaps THIS is what KILLED ME. Somehow how it through a wrench in my account status....

ANYWAYS So next question - WHO ELSE should I start trying to do business with that gives me a chance at the highest tradelines/limits???? Try reapplying for a card with nfcu or is that bridge done for?

[FinStar]

With a high utilization as noted, the focus should remain to stay on track and pay your debt down, not leverage further extensions of credit that is not warranted at the present time.  From an underwriting point of view, no lender will be willing to extend additional credit, especially if a specific TL is hovering at 80% given present income and other factors.

[R0C]

NFCU is the pinnacle of high CLs that are easily obtained. I don't know of a better institution in that regard. PenFed is good also, but they are strict and will CLD you in a heartbeat over high utilization of other CCs. I would just recommend that you pay down your balances before looking for another institution.

[pizzadude]

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@Idaho_Mechanic1984 wrote:

ONE OTHER THING I FORGOT --- I did put the account on hold for 3 weeks - the lady mentioned if I leave it for more than a month the account would be closed, so I made sure I was only at like 25 days before reinstating it - so perhaps THIS is what KILLED ME. Somehow how it through a wrench in my account status....

ANYWAYS So next question - WHO ELSE should I start trying to do business with that gives me a chance at the highest tradelines/limits???? Try reapplying for a card with nfcu or is that bridge done for?

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I'm pretty sure that this is what caused the account to be closed.    Not sure what On Hold really means but I'm guessing that it is similar to a soft close or something like that.

NFCU is really the best creditor, I'd keep trying to get back in with them.   It will be difficult to obtain credit if your utilization remains that high....

[09Lexie]

I agree with pizzadude. Have you spoken with them to confirm your dates coincided with theirs?

[bbb3601]

If it was me I would reapp. Wild horses couldn't drag me from the send button!!  If there is nothing more to the story they will open a new account. I personally feel NFCU could care less about UTI% as long as you pay them on time. They are a unique lender that compares to NO OTHER PERIOD. 

[kanokphan]

WOW! Sorry to hear that and now im scare

[LS2982]

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@pizzadude wrote:

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@Idaho_Mechanic1984 wrote:

ONE OTHER THING I FORGOT --- I did put the account on hold for 3 weeks - the lady mentioned if I leave it for more than a month the account would be closed, so I made sure I was only at like 25 days before reinstating it - so perhaps THIS is what KILLED ME. Somehow how it through a wrench in my account status....

ANYWAYS So next question - WHO ELSE should I start trying to do business with that gives me a chance at the highest tradelines/limits???? Try reapplying for a card with nfcu or is that bridge done for?

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I'm pretty sure that this is what caused the account to be closed.    Not sure what On Hold really means but I'm guessing that it is similar to a soft close or something like that.

NFCU is really the best creditor, I'd keep trying to get back in with them.   It will be difficult to obtain credit if your utilization remains that high....

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What do you mean putting it on hold??

[flyingace]

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@LS2982 wrote:

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@pizzadude wrote:

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@Idaho_Mechanic1984 wrote:

ONE OTHER THING I FORGOT --- I did put the account on hold for 3 weeks - the lady mentioned if I leave it for more than a month the account would be closed, so I made sure I was only at like 25 days before reinstating it - so perhaps THIS is what KILLED ME. Somehow how it through a wrench in my account status....

ANYWAYS So next question - WHO ELSE should I start trying to do business with that gives me a chance at the highest tradelines/limits???? Try reapplying for a card with nfcu or is that bridge done for?

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I'm pretty sure that this is what caused the account to be closed.    Not sure what On Hold really means but I'm guessing that it is similar to a soft close or something like that.

NFCU is really the best creditor, I'd keep trying to get back in with them.   It will be difficult to obtain credit if your utilization remains that high....

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What do you mean putting it on hold??

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Perhaps "putting it on hold" confused NFCU, and they took it to mean close the account?