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Established Contributor
Posts: 530
Registered: ‎07-28-2008
0

USA Fed VISA Approval

[ Edited ]

Just got the good news and received an approval for 10K from USA Fed!

 

I asked for 20K but the loan officer counter-offered with 10K.

 

I'll certainly take 10K. :smileyhappy:

 

Funny thing is, they said I didn't get 20K because of "escalating" debt. Huh? My utilization is 14% at the time of approval. Not sure what they mean by that?

 

UM

Equifax Fico 785 as of 01/18/2012
Valued Contributor
Posts: 1,051
Registered: ‎05-20-2010
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Re: USA Fed VISA Approval

Congrats. You wouldve probably got near that 20K if you waited for the NFCU merger and applied with NFCU directly.

TU: 603 – EQ: 569 – EX: N/A – May 2010

Senior Contributor
Posts: 3,682
Registered: ‎01-10-2008
0

Re: USA Fed VISA Approval

[ Edited ]

The term 'Escalating debt' is similar to 'Pyramiding', IIRC.

 

Congrats on the approval.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
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