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09-03-2012 12:05 PM
Happy Labor Day MyFICO community. So I finally recieved my NFCU nRewards card the other day. My CL is $2k w/13.99% APR. Honestly I was expecting more since I make over $70k and I seen other myFICO members w/lower scores post higher approved limits but I guess my bankruptcy (5/11) is still "too new". Anyway, on this document they sent with the card explaining the opening account summary, apr, and credit disclosure, etc., they gave all the details and key factors that adversely affected my decisions. One of the factors they mentioned on 2 explanations listed had to do with deliquencies. They only deliquency I currently have were 6 lates in 2007, 2010 (2 accounts consolidated into 1, 3 lates each) total on my student loans. This was a result of miscommunication between Nelnet and myself; my loans were coming out of deferment and I wasn't properly informed of such. The loans are current now but the mark remain. I recently have tried to goodwill Nelnet but they did not bulge.
Anyway, I'm rebuilding my credit and would like to develop a relationship with NFCU for future product and services. Depending on my scores, I plan on buying a car between Christmas and Feb. Would it do me any justice to call NFCU and explain this for possible reconsideration of a higher limit or would I be "stirring the pot"??? If so, whom/what # should I call? Thanks in advance.
09-03-2012 12:17 PM
I doubt you would be buying a car with your credit card, so I don't see how stating that you are looking for a car loan would get you a higher limit on your credit card.
09-03-2012 12:34 PM
I would mention that when you apply for the Auto Loan. Until then use your card and pif, that will help you build history with them.
09-03-2012 12:49 PM
My CL is $2k w/13.99% APR. Honestly I was expecting more since I make over $70k and I seen other myFICO members w/lower scores post higher approved limits but I guess my bankruptcy (5/11) is still "too new".
Seriously? show me another creditor that would give you a 2k limit with a bk reporting that is so new. Other members with lower scores that recieved higher limits didnt bankrupt 6 accounts so maybe you should take that into consideration.
Anyways there is no back door number for nfcu. You can send them a private message explaining a situation but keep in mind any requests for anything regarding a cli and such will result in a hp. For better results I suggest waiting 6 mos and ask for an increase. For better results I would reccomend you have DD with them
09-03-2012 01:08 PM