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@Maddog_ wrote:I have been with Navy a little over a year and have had the NFCU Visa Signature during that time. Never had any trouble getting anything from NFCU in my short experience with them, except for a CL increase from $22K to $25K. I have tried twice in the past six months, and both times they have done a hard pull (online request). The letter comes in the mail about a week later, denied due to excessive credit obligations. The funny part is that my DTI is like 20% and my Util is also about 20%. Perhaps I have exceed their exposure limit for my income (Well north of $150K) , but it still seems petty that I can't get to $25K.
FICO's are between 740 - 770 with lots of inquiries.
It sucks that you had to take 2 HPs, but having an account with a creditor doesn't guarantee a CLI or an approval. After the first denial, did you try lowering your utilization before requesting another CLI? I know keeping utilization under 30% is okay but keeping it under 10% is even better. As far as denials go, this one is as straight forward as they come.
Do the math.
Navy is setting a $22K threshold for a lot of folks. It appears to be some sort of ceiling. I don't see near the activity now that was occuring with NFCU a year ago. I wonder why things have cooled down ?
@beautifulblaquepearl wrote:
@Maddog_ wrote:I have been with Navy a little over a year and have had the NFCU Visa Signature during that time. Never had any trouble getting anything from NFCU in my short experience with them, except for a CL increase from $22K to $25K. I have tried twice in the past six months, and both times they have done a hard pull (online request). The letter comes in the mail about a week later, denied due to excessive credit obligations. The funny part is that my DTI is like 20% and my Util is also about 20%. Perhaps I have exceed their exposure limit for my income (Well north of $150K) , but it still seems petty that I can't get to $25K.
FICO's are between 740 - 770 with lots of inquiries.
It sucks that you had to take 2 HPs, but having an account with a creditor doesn't guarantee a CLI or an approval. After the first denial, did you try lowering your utilization before requesting another CLI? I know keeping utilization under 30% is okay but keeping it under 10% is even better. As far as denials go, this one is as straight forward as they come.
Yes I tried lowering util by about 6% for an overall 20%. I'm sure this is about NFCU's exposure to me as a borrower with total lines. Just kinda disappointing that I couldn't make it to the $25K level, especially in view of income level.