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Valued Contributor
Posts: 1,607
Registered: ‎04-13-2014
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Re: NFCU Secured or wait?

CA  Has Spoken...

I didn't know what the threshold was.. I just was going by the rest of his profile....

Damn... didnt realize NFCU was that low hanging fruit...

 

=)

 

New Contributor
Posts: 142
Registered: ‎04-09-2016
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Re: NFCU Secured or wait?


Creditaddict wrote:

 


Creditaddict wrote:

NO... Never take the secured card until you have at least been declined unsecured and tried secure message recon!!

 


your 633 is WAY high enough for an approval for unsecured.

not sure rest of your report but still!


My report has multiple serious derogs, charge offs, recent lates (a collection that all of a sudden showed up as 120+ days late, curertnly in disupute).  Why should I apply for an unsecured card than if I get declined to recon for a secured?

04-01-2015 around 470 Credit Score
04-01-2016 EQ 582, TU 567, EX 588
05-09-2016 EQ 633, TU 616, EX 649
06-02-2016 EQ 621, TU 664, EX 650
Goal Score 650
Epic Contributor
Posts: 29,452
Registered: ‎10-23-2007
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Re: NFCU Secured or wait?


theriddler07sms wrote:

Creditaddict wrote:

 


Creditaddict wrote:

NO... Never take the secured card until you have at least been declined unsecured and tried secure message recon!!

 


your 633 is WAY high enough for an approval for unsecured.

not sure rest of your report but still!


My report has multiple serious derogs, charge offs, recent lates (a collection that all of a sudden showed up as 120+ days late, curertnly in disupute).  Why should I apply for an unsecured card than if I get declined to recon for a secured?


You can't recon to secured... you can recon decline unsecured and if still denied you have to apply for secured.

But, what are the lates on? no sense getting more credit if current credit is behind, you don't need new credit rebuild, you are better of rebuilding with current credit.

 

really though in the end, 1 inq for unsecured will not hurt you so you my as well try unsecured before taking the secured card.

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New Contributor
Posts: 142
Registered: ‎04-09-2016
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Re: NFCU Secured or wait?

Lates are from old credit cards +2 years old, car payments from years ago, student loans (were in deferment so getting that fixed).   I have a couple lates from recent on credit cards, only lates within a year but trying to GW them off as I changed addresses and the statements got lost in the mail.

04-01-2015 around 470 Credit Score
04-01-2016 EQ 582, TU 567, EX 588
05-09-2016 EQ 633, TU 616, EX 649
06-02-2016 EQ 621, TU 664, EX 650
Goal Score 650

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