Reply
Contributor
Posts: 77
Registered: ‎10-29-2009
0

Navy Federal Secured Card

I joined NFCU just to apply for their secured card. I was denied by BofA 4 months ago for theirs, so I wasnt sure if I would even be approved. My score now is around 570. Im happy to report I was appproved with my $500deposit. Hopefully I can continue to raise my score after 6 more months enough to be approved for an auto loan through NFCU!
Regular Contributor
Posts: 131
Registered: ‎09-28-2007
0

Re: Navy Federal Secured Card

Way to go Armyguy... congrats!  Your score will be improving with each on time payment and then NFCU can consider you for an auto loan and unsecured CC.
Valued Member
Posts: 44
Registered: ‎02-15-2009
0

Re: Navy Federal Secured Card

Congrats.. you are on the fast track to a good FICO. NFCU rocks.
Established Member
Posts: 22
Registered: ‎03-15-2008
0

Re: Navy Federal Secured Card

congrats, my brother was approved for a 2500 LOC, 2800 personal expense loan and a $20k auto with a 570 FICO, baddies he had was 12 collections.
Senior Contributor
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Navy Federal Secured Card

NFCU does not have credit criteria for secured cards, except that you must secure it.

 

There is no application.  Once you have funds in savings, you call in and tell them you want a secured card and for what amount (which must be in savings).  They will put a freeze on that amount of savings and issue the card.  I have never heard of a denial for any reason.

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Senior Contributor
Posts: 3,626
Registered: ‎10-13-2009
0

Re: Navy Federal Secured Card

[ Edited ]

They do pull your credit report, but only to determine what interest rate you'll get. 

 

P.S.  Anybody have luck getting Navy Federal tell you what your FICO score was when they pulled your report?

 

 

Message Edited by O6 on 12-16-2009 06:56 PM
IAALBNYL
Frequent Contributor
Posts: 488
Registered: ‎04-09-2008
0

Re: Navy Federal Secured Card

I started with NFCU with a secured card, about 6 months later I re-financed my auto loan with them (one thing they are good about is explaining bi-weekly auto loan payments) I think my score was in the 610-620 range ( two credit card charge offs still reporting) I have since gotten a line of credit for 8k and another used car loan, + pre-approval for a new car loan- which I didn't use. I would say during this time myscores never exceeded 640. They always pull EQ.
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.

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

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com 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.