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Posts: 92
Registered: ‎06-16-2012
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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 ***
Established Contributor
Posts: 511
Registered: ‎03-09-2011
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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...

I am digitaldiva's alter-ego
Established Contributor
Posts: 1,011
Registered: ‎04-08-2012
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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

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Established Contributor
Posts: 857
Registered: ‎02-11-2012
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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)XP 735 (FAKO)
Updated scores 05/01/17 EQ 824, TU 812 EXP 810 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience
Frequent Contributor
Posts: 253
Registered: ‎08-31-2011
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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....

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