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Regular Contributor
McArthur
Posts: 249
Registered: ‎12-24-2012
0

Re: NFCU HAS BLOCKED ALL OF MY CREDIT CARD ACCOUNTS. I NEED YOUR HELP.


Joteism wrote:

Oh come on... If anything, they might just calculate how much they could have potentially made based on the interest rate and ask him to pay that amount. They have no legal authority to take any more than they are entitled to. Seeing as the first BT was completely legit (Navy to Cap1), the "interest clock" didn't really start ticking until he transferred the money back to the second card.

 

Don't panic and do anything suspicious... I don't know how long you've banked with them, but I'm sure they'll work it out.


Obviously you don't know Navy Federal.

 

First of all, they cannot tack on any interest.  The BTs have been processed and posted and there is no way for a clawback much less assessing any lost interest penalty.  With Navy there are only two possible outcomes: they let you slide because of an innocent mistake or they nuke you.  TaTaTa did not make an innocent mistake; he scammed them.

 

Second, nobody stated Navy would take more than they are entitled to.  When Navy nukes credit accounts for cause, their m.o. is to make the entire balance due and payable  at once.  They then look for any accounts you have or any accounts your joint owners, if any, have and take the debt from those accounts.  If there is any excess, it will be left in your account.  You don't really believe they put their infamous right to offset and cross-collateralization clauses in all their agreements just for laughs, do you?

Regular Contributor
Joteism
Posts: 140
Registered: ‎11-14-2012
0

Re: NFCU HAS BLOCKED ALL OF MY CREDIT CARD ACCOUNTS. I NEED YOUR HELP.

You're right - I have never had a Navy Federal account nor do I have any experience with them. That said... While I more than appreciate all the info on this forum and find it extremely helpful when rebuilding my credit and aquiring new credit cards, loans etc., it is this kind of advice (take your money and run) that I specifically disregard and stay away from when it comes to any forum. It goes from helpful to borderline fear mongering. Each case is unique and circumstances differ.

Regular Contributor
McArthur
Posts: 249
Registered: ‎12-24-2012
0

Re: NFCU HAS BLOCKED ALL OF MY CREDIT CARD ACCOUNTS. I NEED YOUR HELP.


Joteism wrote:

You're right - I have never had a Navy Federal account nor do I have any experience with them. That said... While I more than appreciate all the info on this forum and find it extremely helpful when rebuilding my credit and aquiring new credit cards, loans etc., it is this kind of advice (take your money and run) that I specifically disregard and stay away from when it comes to any forum. It goes from helpful to borderline fear mongering. Each case is unique and circumstances differ.


As you admitted, you do not know Navy Federal.  Making a judgment about something you know nothing about is helpful.

Regular Contributor
Joteism
Posts: 140
Registered: ‎11-14-2012
0

Re: NFCU HAS BLOCKED ALL OF MY CREDIT CARD ACCOUNTS. I NEED YOUR HELP.

But I know a fear monger when I see one...

Regular Contributor
McArthur
Posts: 249
Registered: ‎12-24-2012
0

Re: NFCU HAS BLOCKED ALL OF MY CREDIT CARD ACCOUNTS. I NEED YOUR HELP.


Joteism wrote:

But I know a fear monger when I see one...


When you know nothing about the institution at all, your opinion is at best ill-informed.

 

Obviously ignorance is bliss. Enjoy!

Established Contributor
dodgeball
Posts: 761
Registered: ‎10-16-2007
0

Re: NFCU HAS BLOCKED ALL OF MY CREDIT CARD ACCOUNTS. I NEED YOUR HELP.

obviously this freeze is for a financial review for a huge CLI !

 

Sincerly

 

G Pyle

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Regular Contributor
TATATA
Posts: 154
Registered: ‎02-24-2010
0

Re: NFCU HAS BLOCKED ALL OF MY CREDIT CARD ACCOUNTS. UPDATED INFO.

[ Edited ]

Joteism wrote:

You're right - I have never had a Navy Federal account nor do I have any experience with them. That said... While I more than appreciate all the info on this forum and find it extremely helpful when rebuilding my credit and aquiring new credit cards, loans etc., it is this kind of advice (take your money and run) that I specifically disregard and stay away from when it comes to any forum. It goes from helpful to borderline fear mongering. Each case is unique and circumstances differ.


You're absolutely right! :smileyhappy: In my case everything has been cleared up. I just finished talking to them and they have agreed to open all of my accounts again. They were very understanding. I'm glad everything worked out. I'm very happy!! :smileyhappy:

 

I thank each and everyone of you for your feedback and advice. 

 

 

Total CL's combine: $150,600.
Valued Contributor
chnceit
Posts: 1,524
Registered: ‎08-17-2008
0

Re: NFCU HAS BLOCKED ALL OF MY CREDIT CARD ACCOUNTS. UPDATED INFO.


TATATA wrote:

Joteism wrote:

You're right - I have never had a Navy Federal account nor do I have any experience with them. That said... While I more than appreciate all the info on this forum and find it extremely helpful when rebuilding my credit and aquiring new credit cards, loans etc., it is this kind of advice (take your money and run) that I specifically disregard and stay away from when it comes to any forum. It goes from helpful to borderline fear mongering. Each case is unique and circumstances differ.


You're absolutely right! :smileyhappy: In my case everything has been cleared up. I just finished talking to them and they have agreed to open all of my accounts again. They were very understanding. I'm glad everything worked out. I'm very happy!! :smileyhappy:

 

I thank each and everyone of you for your feedback and advice. 

 

 


Thats awesome that they are going to open your accounts!

 

I to have learned from your experience and the advice here is great!


$100K in Credit
Last Credit Card App: 11/16/13
Regular Contributor
Joteism
Posts: 140
Registered: ‎11-14-2012
0

Re: NFCU HAS BLOCKED ALL OF MY CREDIT CARD ACCOUNTS. UPDATED INFO.

Awesome that everything worked out for you! But I'm sorry it wasn't a huge CLI as dodgeball suspected... :smileyhappy:

Valued Contributor
Epcot
Posts: 2,789
Registered: ‎10-10-2012
0

Re: NFCU HAS BLOCKED ALL OF MY CREDIT CARD ACCOUNTS. UPDATED INFO.

Glad it worked out in the end!

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