Credit Cards Center Credit cards from our partners
Posts: 92
Registered: ‎06-16-2012

Re: NFCU "Important Information about Your Credit Card"

Sweets8E wrote:

I got the same message too.

It basically means that if you have a savings account or a checking account with funds available in it, should your credit card or loan payments become deliquent they will use money from your available NFCU bank account balances to offset the deliquent payment amount without notifying you of their intent to do so. And indeed they do. I can attest to this because 9 years ago when I had a vehicle loan with them and it became late/delinquent (gosh I hate that word), the instance money was deposited into my checking account, they sucked it right out to take care of that past due amount.

I suppose this message was sent out to cardholders because the agreement did not specifically state they'd do this so to clear up any confusion they sent it out as a "blast fax/message" of sorts to all customers that have a credit account with them.

Yep. That pretty much sums it up.

Current: EQ 791 / TU 788 / EX 752 FICO's (MyFico, Oct 2012)

*** NFCU Plat | USAA CR Amex | PenFed TR Amex | BOA Gold | JP Morgan Select | Amex BCP | Amex PRG | USAA Plat ***
Frequent Contributor
Posts: 473
Registered: ‎03-09-2011

Re: NFCU "Important Information about Your Credit Card"

Whereis750 wrote:

Digitaldiva - when you get a chance, will you post any info you find out from NFCU.  Thanks!

Will do!!  Smiley Wink

I'm still at work, but will call them in about an hour or so; I'll be home by then...

Enjoying your freedom? Thank a servicemember and their family!

In the garden since 26 Jun 14...
Established Contributor
Posts: 1,011
Registered: ‎04-08-2012

Re: NFCU "Important Information about Your Credit Card"

They told me this when I got approved for the navcheck.

-Rebuilding with CapOne Cash: $1.5k, NFCU cashRewards $8.5K, NavCheck $5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.9K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K (closed 1st home 05/08/13)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700

Take the FICO Fitness Challenge

Established Contributor
Posts: 760
Registered: ‎02-11-2012

Re: NFCU "Important Information about Your Credit Card"

This is not a big deal. It simply means that if you fall behind on your payments, the Company can latch on to any cash you have in other account to satisfy or bring current the debt. This means savings, checking, cd's. etc. IRA and retirement accounts are usually exempt.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)

Remember the Three P's: Pay early in Full, Pay on Time, Patience
Frequent Contributor
Posts: 253
Registered: ‎08-31-2011

Re: NFCU "Important Information about Your Credit Card"

I just logged in and see that I have new messages.  However when I click the link, all I see is an old message from 8/17 telling me I can use the scan/mobile deposit feature.  Very strange....

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.