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Regular Contributor
bbrannan
Posts: 199
Registered: ‎12-11-2009

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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Established Contributor
swpopham
Posts: 540
Registered: ‎06-02-2012

Re: NFCU LOC reporting

Its probably there already. It reports as over draft protection Amex hates seeing it. I know that much
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Frequent Contributor
iMacDrew
Posts: 350
Registered: ‎07-13-2012

Re: NFCU LOC reporting

how did you get a palladium??

Lender pulled 10-10-13
EQ Fico 715 | EX Fico 714 | TU Fico 703
Frequent Contributor
iMacDrew
Posts: 350
Registered: ‎07-13-2012

Re: NFCU LOC reporting

is navcheck a loan?

Lender pulled 10-10-13
EQ Fico 715 | EX Fico 714 | TU Fico 703
Frequent Contributor
ficojoe
Posts: 308
Registered: ‎07-21-2012

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?

Frequent Contributor
ficojoe
Posts: 308
Registered: ‎07-21-2012

Re: NFCU LOC reporting


iMacDrew wrote:

is navcheck a loan?


It is Overdraft Line of Credit.

Established Contributor
searchingfor67
Posts: 668
Registered: ‎08-02-2011

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 BCP $13K | Amex Costco TE $10.4K | Amex SPG $10.1K | 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 | Discover IT $9K | JP Morgan Chase Select Visa Signature $9.2K | NFCU Flagship Visa Signature $25K | NFCU LOC $15K | NFL Visa Signature (Saints) $8.1K | USAA Amex $10K | USAA World MC $9K
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Valued Contributor
improvingmycredit
Posts: 1,384
Registered: ‎07-12-2011

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 798, EX 780, TU 787 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, QuickSilver 20K, TotalRewards 18K

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Regular Contributor
bbrannan
Posts: 199
Registered: ‎12-11-2009

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


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Regular Contributor
Whereis750
Posts: 187
Registered: ‎06-17-2011

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!

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