Credit Cards

[rom828]

Got approved for this LOC 7-9 but it's still not reporting.  Does it usually take this long?? 

I haven't used it yet.......does that make a difference as to  whether it reports??

Just ordered checks for LOC today thought don't have plans for using them at this time; just thought I should have some on hand.  Read an older  post on this forum that indicated the method of repayment affects how this LOC is reported, ie:  if you  pay a % of total,  it's revolving,  but if you pay a set amount monthly it's reported as installment.   Is this still the case??

[plasticman]

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rom828 wrote:

Got approved for this LOC 7-9 but it's still not reporting.  Does it usually take this long?? 

I haven't used it yet.......does that make a difference as to  whether it reports??

Just ordered checks for LOC today thought don't have plans for using them at this time; just thought I should have some on hand.  Read an older  post on this forum that indicated the method of repayment affects how this LOC is reported, ie:  if you  pay a % of total,  it's revolving,  but if you pay a set amount monthly it's reported as installment.   Is this still the case??

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Hi rom828,

My LOC reports to all three CBs. I have never used my NavChek LOC. All three of my CBRs calculate my LOC as a revolving CL.

My LOC statement date from NFCU is the same as my checking account, the 9th of each month.

I suspect it will report for you soon. 

[rom828]

Thanks for the fast response, plasticman!

Guess I'll just be patient!

[mt2va]

Both my CC with them reported pretty quickly so would be surprised that the LOC is not.  I was just approved for the LOC last week.  Do you know if I can access it if I haven't received the checks yet as I need to pay for something with it ASAP.

[plasticman]

Have you sent back a required signed document by NFCU for the LOC yet?

[mt2va]

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plasticman wrote:
Have you sent back a required signed document by NFCU for the LOC yet?

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If your question is for me the answer is yes.  Do you know if I can access the money & pay it on my NFCU Visa & then I can use the Visa to pay for this other bill I need to pay? 

[plasticman]

You cannot transfer funds from your NFCU Visa or MC to pay NavChek. You can transfer funds from your checking account to pay NavChek.

[rom828]

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plasticman wrote:
Have you sent back a required signed document by NFCU for the LOC yet?

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I did send back the documents and the LOC is listed under my accounts on line, so maybe they're just a little slow reporting.

[plasticman]

rom828,

When you go online, look at your last checking account statement and see if the LOC has a statement date as well.

[rom828]

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plasticman wrote:

rom828,

When you go online, look at your last checking account statement and see if the LOC has a statement date as well.

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Navcheck LOC shows last statement date 8-20-09. 

Maybe it will report after the 9-20 statement??