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Regular Contributor
Posts: 134
Registered: ‎02-18-2012
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Re: Nfcu

Does NFCU ask for paystubs anytime you apply? I just became a member yesterday Smiley Very Happy but I dont want to apply until my Utl is under 9%. Should I get paystubs and proof of income ready?

 

Btw congrats on the approval!

Valued Contributor
Posts: 1,057
Registered: ‎09-29-2009
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Re: Nfcu

Unless your utilization is grossly high then there is no reason to wait to apply with NFCU. Tweaking just a few more points is unlikely to make a difference with them. They tend to approve with lower scores and blemishes and reward with credit lines that other institutions do not. And as stated with time they can grow substantially. One semi unproven point is NFCU seems to be slightly more generous if you have direct deposit with them. I am guessing that is because they know they could offset at least a part of their loss in case of default. Even without direct deposit they are sensitive to income when setting limits. But overall NFCU is one of the best and friendliest lenders if you can qualify. Just don't cross them. They NEVER forget if you burn them and default without paying.

Best financial advice I ever got: "Just imagine what an adult would do and do that."

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Established Contributor
Posts: 554
Registered: ‎06-02-2012
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Re: Nfcu

Yes.almost everyone has had to provide proof at least once or twice with them but its painless
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Regular Contributor
Posts: 134
Registered: ‎02-18-2012
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Re: Nfcu


HoldingOntoHope wrote:

Unless your utilization is grossly high then there is no reason to wait to apply with NFCU. Tweaking just a few more points is unlikely to make a difference with them. They tend to approve with lower scores and blemishes and reward with credit lines that other institutions do not. And as stated with time they can grow substantially. One semi unproven point is NFCU seems to be slightly more generous if you have direct deposit with them. I am guessing that is because they know they could offset at least a part of their loss in case of default. Even without direct deposit they are sensitive to income when setting limits. But overall NFCU is one of the best and friendliest lenders if you can qualify. Just don't cross them. They NEVER forget if you burn them and default without paying.


My utl overall is about 20, but I also have a some alot of inq. I think that by having a lower utl I would have a higher chance at getting a better rate and higher CLI. Do you think I should apply for both at the same time or wait until I get an answer first on one app then apply for the next?

Valued Contributor
Posts: 1,772
Registered: ‎10-28-2011
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Re: Nfcu

congrats man they hooked you up.  like others said you should wait maybe 6 mos and ask for cli.  did they do one hp or 2?  if so on just eq or tu?

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Established Contributor
Posts: 1,011
Registered: ‎04-08-2012
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Re: Nfcu

[ Edited ]

They only asked for them for the loan portion--the overdraft protection. I am not bothered by the cc limit, it's more than I expected but I've seen much higher limits given with the navcheck for ppl with scores 40 points lower than me so I guess I expected more (plus I have DD with them). One thing I have learned through this-- The overnight and night cs is sooooo much nicer than the day cs or maybe cc is nicer than loans lol. It's like night and day when just trying to ask a simple question.

 

 

Btw, I'm a chick (someone said bro lol)

-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)
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Established Contributor
Posts: 1,011
Registered: ‎04-08-2012
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Re: Nfcu

Root, it was 2 HP on EQ. nothing showing on TU.

-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)
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Regular Contributor
Posts: 179
Registered: ‎01-17-2008
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Re: Nfcu


jordanmedical wrote:

They only asked for them for the loan portion--the overdraft protection. I am not bothered by the cc limit, it's more than I expected but I've seen much higher limits given with the navcheck for ppl with scores 40 points lower than me so I guess I expected more (plus I have DD with them). One thing I have learned through this-- The overnight and night cs is sooooo much nicer than the day cs or maybe cc is nicer than loans lol. It's like night and day when just trying to ask a simple question.

 

 

Btw, I'm a chick (someone said bro lol)


Sorry mam Smiley Surprised

Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
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Re: Nfcu

Jordan; be happy with your approvals.

Try to increase after 12 months maybe

Starting Score: 08/29/2011 TU 671 EQ 674
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Established Contributor
Posts: 1,011
Registered: ‎04-08-2012
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Re: Nfcu

Oddly enough, one of the things keeping my score low is I don't have any high cl cc over $2K according to EX. So hopefully this will help lol

-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)
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