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New Contributor
Bigdaddy69
Posts: 64
Registered: ‎05-21-2012

Navy Federal CLI request

[ Edited ]

Applied, instantly declined online for the auto refi no message of 3-5 days.

 

So I thought might as well take advantage of the hard pull that was wasted on the auto refi, and request a CLI got the 3-5 day message.

Myfico Eq score is 626.

Salary $110K per year.

Six accounts paid on time...

Utilization 54% will be under 9% when all balances post.

(1) baddy on my EQ report

 

Currently have a Navy Federal CC since 11/2012 zero balance.

 

I just don't get it :smileysad:

Valued Contributor
j_casteel
Posts: 1,700
Registered: ‎06-21-2012

Re: Navy Federal CLI request


Bigdaddy69 wrote:

Applied, instantly declined online for the auto refi no message of 3-5 days.

 

So I thought might as well take advantage of the hard pull that was wasted on the auto refi, and request a CLI got the 3-5 day message.

Myfico Eq score is 626.

Salary $110K per year.

Six accounts paid on time...

Utilization 54% will be under 9% when all balances post.

(1) baddy on my EQ report

 

Currently have a Navy Federal CC since 11/2012 zero balance.

 

I just don't get it :smileysad:


that sucks....be prepared to have 2 HPs since you submitted 2 requests. 1 for auto refi and 1 for CLI.

| Walmart $5k | Amazon $5k | NFCU $19.5k | NavChek $15k | Lowes $15k | BoA WMC $8.1k | Freedom $3k | Discover $4k | CSP $5k |
Starting Score: EQ:571 EX:??? TU:597
Current Score: EQ:686 EX:706 TU:698
Goal Score: 700
across the board
Moderator
09Lexie
Posts: 24,456
Registered: ‎09-13-2012

Re: Navy Federal CLI request

You might want to call and explain about your high util
Valued Contributor
dodfire
Posts: 1,453
Registered: ‎04-14-2012

Re: Navy Federal CLI request


09Lexie wrote:
You might want to call and explain about your high util

I agree...it is worth a shot!!

*8/10/13
Established Contributor
dodgeball
Posts: 761
Registered: ‎10-16-2007

Re: Navy Federal CLI request

Lex loves hanging out with the NFCU crowd
NFCU Cash Rewards Siggy $22k, NFCU Flagship Rewards Siggy $22K, NFCU Platinum MC $20K, USAA Amex Rewards $6k, USAA World Mastercard Rewards $6k, NFCU Navcheck $15k

Other Cards - Citibank AAdvantage, Chase Slate, Barclays Rewards,


IN THE GARDEN UNTIL APRIL 2014

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New Contributor
Bigdaddy69
Posts: 64
Registered: ‎05-21-2012

Re: Navy Federal CLI request

[ Edited ]

I spoke with a Navy Fed rep before applying and explained that my utilization will drop and score increase once the zero balances post on my CRA. She told me that payment history with Navy Fed is a major consideration, and credit score/utilization is a very small factor.

 

Can you recon even when the auto refi was a straight decline no manual review?

Moderator
09Lexie
Posts: 24,456
Registered: ‎09-13-2012

Re: Navy Federal CLI request

You didn't mention a bad payment history....is there?
Moderator
09Lexie
Posts: 24,456
Registered: ‎09-13-2012

Re: Navy Federal CLI request

New Contributor
Bigdaddy69
Posts: 64
Registered: ‎05-21-2012

Re: Navy Federal CLI request

[ Edited ]

09Lexie wrote:
You didn't mention a bad payment history....is there?

Perfect payment history with Navy Federal.

The Santander auto loan (refered to as the devil) I am trying to refi does have lates from nine months ago.

Santander considers a loan late 10-days after the due date...

Moderator
09Lexie
Posts: 24,456
Registered: ‎09-13-2012

Re: Navy Federal CLI request

In that case, yes call and ask for the reason for denial. Then recon

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