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Established Contributor
Posts: 566
Registered: ‎07-28-2008
0

USA Fed Phone Call

Hi Guys,


I just got a phone call from the lending department at USA Fed. They needed to verify some information and she said I will have an answer at the end of their business day, which is about an hour from now. This is for their 20K VISA card.


I'll post an update as soon as I get the decision! I'm thinking it's a good thing they called?


UM

786 FICO Score as of June 2016

New Contributor
Posts: 100
Registered: ‎06-20-2010
0

Re: USA Fed Phone Call

wish the best

starting score 549
current score 702 TU , 708 EQ, EX ??
goal score 740

Super Contributor
Posts: 6,028
Registered: ‎09-18-2007
0

Re: USA Fed Phone Call

Any News yet ?

Established Contributor
Posts: 566
Registered: ‎07-28-2008
0

Re: USA Fed Phone Call

Hey Concord,

 

Their counteroffer was 10K.

 

I accepted Smiley Happy

 

UM

786 FICO Score as of June 2016

Super Contributor
Posts: 6,028
Registered: ‎09-18-2007
0

Re: USA Fed Phone Call


Uncle_Money wrote:

Hey Concord,

 

Their counteroffer was 10K.

 

I accepted Smiley Happy

 

UM


Congrats. It is a start and I am sure they will give more CLI's over the period of time.

Frequent Contributor
Posts: 321
Registered: ‎06-27-2008
0

Re: USA Fed Phone Call

If they counteroffer, does that mean your chances of approval are good??

 

Initially I was offered $15k. Then I got a email with a counteroffer for $5k which i accepted and had to upload last two paystubs.

myFICO - EQ: 776 EX: 763 TU: 791
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Frequent Contributor
Posts: 321
Registered: ‎10-25-2009
0

Re: USA Fed Phone Call

 


USC08 wrote:

If they counteroffer, does that mean your chances of approval are good??

 

Initially I was offered $15k. Then I got a email with a counteroffer for $5k which i accepted and had to upload last two paystubs.


 

Yes.

 

I was offered $20k at time of joining USA Fed, requested $10k, and was countered with $15k and approved for $15k.

 

In talking with a USA Fed Rep and Loan Officer, they stated that counter offers are rarely ever declined, since the lending department doesn't usually decline the counter offers (counter offers are custom offered by said lending department) unless something is entirely amiss.

Despite my employment in the banking industry, any and all views contained in this post are purely my own, and do not represent any financial institution, nor constitute as financial or investment guidance or advise.

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