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USA Fed VISA Approval

Established Contributor

USA Fed VISA Approval

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. Smiley Happy

 

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

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2 REPLIES
Valued Contributor

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.

CH7 Discharged: 4-14-16
Rebuilding in Progress.....
May 2016 - EX: 594, TU: 582, EQ: 619
July 2016 - EX: 629, TU: 600, EQ: 622
Message 2 of 3
Highlighted
Senior Contributor

Re: USA Fed VISA Approval

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

 

Congrats on the approval.

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
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