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USA Fed VISA Approval

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Uncle_Money
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

Personal: American Express Platinum - NPSL | American Express Blue Cash Preferred - $15,000 | Chase Sapphire Reserve - $38,500 | Chase Amazon Prime Visa - $7,200 | Chase Freedom - $500 | Barclaycard Arrival+ - $18,600 | PenFed Platinum Rewards - $25,000 | PenFed LOC - $10,000 | Navy Federal Credit Union Platinum Visa - $25,000 | Navy Federal Credit Union LOC - $10,000 | Citi Double Cash - $12,170 | Citizens Cash Back+ - $8,650 | Citizens LOC Overdraft - $8,000 | Discover - $10,000 | Capital One Quicksilver One - $3,600 | Capital One Platinum - $750 | Valero - $600 | Dell - $3,000 | Lowes Advantage - $30,000 | Macys Amex - $25,000 | The Home Depot - $7,500 | Tourneau - $15,000
Business: American Express Business Platinum Card - NPSL | American Express Plum Card - NPSL | American Express SimplyCash Plus - $10,000 | American Express Gold Card - NPSL | Bank of America Cash Rewards - $100,000 | Capital One Spark Business - $54,000 | Chase Business Preferred - $34,000 | Chase Business Ink - $15,000 | PNC Bank Cash Rewards Visa Signature - $19,000 | PNC LOC $100,000 | BP Business Solutions - $1,500 | KeyBank Mastercard - $6,000 | Staples More Account - $3,500

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2 REPLIES 2
Datx
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.

Message 2 of 3
score_building
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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