03-21-2013 08:28 AM
I'm kinda scared to apply for the LOC, even after he got the nice CL.
03-21-2013 08:36 AM
Dont be... NavCheck will grow over time, and if you never use it, there is no AA, nor will they decrease your LOC. It can come in handy, definately. It comes with its own checkbook so its just like writing a check... I love my NavCheck
03-21-2013 08:39 AM
It comes in handy when you want to use credit to pay for something, but you dont want to pay a "convenience fee"
it saves a lot of money for either you or the merchant to write a NavCheck vs swiping a card.
I got it to pay my contractor, who is a small business man... I didn't think it was fair for him to pay the 2.8% swipe fees on payments that were thousands of dollars
03-21-2013 08:56 AM - edited 03-21-2013 08:57 AM
That's a good point.
I'll research a good starting amount to ask for. Should it be about my CC limit?
Edit: I'm saying my, or our a lot when it's my boyfriends. But we are joint on the checking/saving. And I am an AU on the CC. Plus I handle the money.
03-21-2013 09:07 AM
Webhopper, you are incorrect about NFCU not being inquiry sensitive. I was just DECLINED for having too many inquiries @ 10 (and they were 3 of them).
That's the first decline I've heard of with them. I had over ten inquiries on each bureau when I apped for both the CC and the LOC... as well as an auto refinance and a new car loan. I was offered a 22k line on the CC, 15k line on the LOC. 4.09% on the used car loan, and 1.79% on the new car loan...
In my experience, they didn't care about my inquiries, but my score is strong... 680+
maybe your score was borderline?
03-21-2013 05:14 PM
Want to add his approval came through a little after midnight. So not just normal business hours.
03-29-2013 02:35 PM
Adding again in case anyone looks at this for information.
Received all the disclosure information, and pamphlets today. His FICO was 691 and they pulled TU. Still no card though.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO