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NFCU LOC reporting

Regular Contributor

NFCU LOC reporting

Does anyone have any idea how long it takes for NFCU NavCheck to start reporting on credit reports? I have only had it for a couple of weeks but I was just wondering if anyone knew a timeframe of when to expect it to begin. Thanks!

Cards: AMEX Zync NPSL, AMEX BCE, NFCU LOC $15K, NFCU Visa Signature cashRewards $14K, NFCU Flagship Visa Signature $14K, USAA Platinum M/C $3.5K, USAA AMEX $2K, Capital One Cash Rewards $3.5K, WalMart $10K, Lowes $10K, Home Depot $8250, Amazon $4K, Discover IT $1K

Starting Score: EX: 570 EQ: 520 TU 602
Current Score: AMEX EX:717 MyFico EQ 688 Walmart TU 749 MyFico TU 740
Goal Score: 750+ across the board


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Message 1 of 30
29 REPLIES
Established Contributor

Re: NFCU LOC reporting

Its probably there already. It reports as over draft protection Amex hates seeing it. I know that much
"As long as the music is playing, you've got to get up and dance," he said. "We're still dancing."---Prince CEO Citi Bank

"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale". ~Zig Ziglar
Message 2 of 30
Frequent Contributor

Re: NFCU LOC reporting

how did you get a palladium??

Lender pulled 10-10-13
EQ Fico 715 | EX Fico 714 | TU Fico 703
Message 3 of 30
Frequent Contributor

Re: NFCU LOC reporting

is navcheck a loan?

Lender pulled 10-10-13
EQ Fico 715 | EX Fico 714 | TU Fico 703
Message 4 of 30
Frequent Contributor

Re: NFCU LOC reporting


swpopham wrote:
Its probably there already. It reports as over draft protection Amex hates seeing it. I know that much

Argh! I wish I had known that first. I thought it would be listed as a revolving account. I also just applied for and recieved one with a $7,500 limit. I want an AmEx, thi is going to hurt rather than help?

Message 5 of 30
Frequent Contributor

Re: NFCU LOC reporting


iMacDrew wrote:

is navcheck a loan?


It is Overdraft Line of Credit.

Message 6 of 30
Established Contributor

Re: NFCU LOC reporting

Here is an old thread that discuses it:

 

http://ficoforums.myfico.com/t5/Credit-Cards/LOC/m-p/570185#M181147

 

 

TU FICO: 772 (Discover) • Exp FICO: 772 (Citi)

Amex BCE $13K | Amex Costco TE $10.4K | Amex SPG $5K | Chase Freedom Visa Signature $15K | Chase Sapphire Preferred Visa Signature $15K | Chase Ink Plus World Elite MC $5K | Citi TY Preferred World MC $10.1K | Citi Forward $10K | Citi Diamond Pref $7.6K | Discover IT $9.9K | JP Morgan Chase Select Visa Signature $9.2K | NFCU CashRew Visa Sig $25K | NFCU LOC $15K | NFL Visa Signature (Saints) $8.1K | USAA Amex $11.3K | USAA World MC $11.5K
Message 7 of 30
Community Leader
Valued Contributor

Re: NFCU LOC reporting


swpopham wrote:
Its probably there already. It reports as over draft protection Amex hates seeing it. I know that much

Just curious... how did you find out that Amex doesn't like seeing it.  Did you recieve AA for having one?  Thanks for the feedback.


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSR 20.5K, TotalRewards 25K, QuickSilver 20K

Message 8 of 30
Regular Contributor

Re: NFCU LOC reporting

I am curious as to why AMEX does not like it as well? The AMEX BCP is one of the cards that I would like to add to my wallet over the next year and am worried now that my LOC may hurt my chances...any input is appreciated!

Cards: AMEX Zync NPSL, AMEX BCE, NFCU LOC $15K, NFCU Visa Signature cashRewards $14K, NFCU Flagship Visa Signature $14K, USAA Platinum M/C $3.5K, USAA AMEX $2K, Capital One Cash Rewards $3.5K, WalMart $10K, Lowes $10K, Home Depot $8250, Amazon $4K, Discover IT $1K

Starting Score: EX: 570 EQ: 520 TU 602
Current Score: AMEX EX:717 MyFico EQ 688 Walmart TU 749 MyFico TU 740
Goal Score: 750+ across the board


Take the FICO Fitness Challenge
Message 9 of 30
Regular Contributor

Re: NFCU LOC reporting

NavChek will report as revolving meaning the limit will be calculated into your overall util. When I added my $10,000 NavChek it lowered my util from 50% to 12% which increased FICO scores by 20+ points. To get NavChek to report sooner, I used $300 of it and paid it off in one month. The account was reporting within 3 weeks of my opening the account.

Regarding AMEX not liking this LOC, I have AMEX BCE $3500 CL. No problems yet. Can you please provide factual evidence that supports your claim that AMEX "hates" this LOC? It will really help this discussion. Thanks!
Message 10 of 30