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nfcu cli denial letter

Frequent Contributor

nfcu cli denial letter

It states "poor credit history with nfcu" and bankruptcy. It's weird because they gave me two small increases over a month ago$2k total and my score has gone up like 30-40pts since. It doesn't make sense unless they just want to see how I handle my new limit ?
Message 1 of 12
11 REPLIES
Established Contributor

Re: nfcu cli denial letter


jdirilo wrote:
It states "poor credit history with nfcu" and bankruptcy. It's weird because they gave me two small increases over a month ago$2k total and my score has gone up like 30-40pts since. It doesn't make sense unless they just want to see how I handle my new limit ?

How old is your credit account?

EQ-732FICO,EX-PLUS 740,TU-725FICO
Goal 750 Across

NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
Message 2 of 12
Frequent Contributor

Re: nfcu cli denial letter

I've had it since Sept of last year . Payments always on time and over the minimum.
Message 3 of 12
Regular Contributor

Re: nfcu cli denial letter

Is it possible that they based their decision on an old credit report pull?

 

Don't some (or most?) credit unions do one pull and then use the same report to make credit decisions for 90 days or so?

 

And why would they give a reason of "poor credit history with NFCU"? That implies that you've done something wrong (late payments, defaults, whatever) with them in past? If that's not the case, why would they give that as a reason?

USAA Rewards VISA (7,500 - 03/2013) / DiscoverIT (6500 - 03/2013) / Cap One Platinum MC (2750 - 03/2013) / Credit One Platinum VISA (750 - 03/2013) / First Premier Bank MC (300 - 02/2013) / FingerHut/WEBBANK (5200.00 - 02/2013) / Victoria's Secret/Comenity (1500 - 03/2013) / PayPal Smart Connect/GECRB (2900 - 03/2013) / Lowe's/GECRB (2800 - 03/2013) / Amazon.com/GECRB (4500 - 03/2013) / Chevron Texaco/GECRB (1950 - 03/2013) / J.C. Penney/GECRB (2150 - 02/2013) / Target (750 - 07/2013) / Abercrombie & Fitch/Comenity (1850 - 07/2013) / CareCredit/GECRB (4500 - 08/2013) / DCU Visa (2000 - 11/2013) / NFCU Sig cashRewards Visa (7000 - 11/2013) - MilitaryStar/Chase (4700 /12/2013)

Message 4 of 12
Frequent Contributor

Re: nfcu cli denial letter

Idk that's why I was confused by the letter too. Obviously I've had a BK on there for three years and they approved my other requests. And nfcu is notorious for being "pull happy" and they do hp all the time.
Message 5 of 12
Regular Contributor

Re: nfcu cli denial letter

Maybe it wouldn't hurt to call?

 

YOU: Hell0, Mr. Happy NFCU employee

 

NFCU: Hey 'sup! What can I do for you?

 

YOU: Listen, *BUrp* I applied for [name what you applied for] and I got a denial and I had a couple of questions that I'm hoping you might be able to answer. For example, one reason for the denial was a "bad credit history with Navy Fed". Could I get some specifics on that? I mean, I want to foster a great relationship with you guys and want to do everything I can to fix whatever issues that you think I might be deficient in...

 

NFCU: Of course!

USAA Rewards VISA (7,500 - 03/2013) / DiscoverIT (6500 - 03/2013) / Cap One Platinum MC (2750 - 03/2013) / Credit One Platinum VISA (750 - 03/2013) / First Premier Bank MC (300 - 02/2013) / FingerHut/WEBBANK (5200.00 - 02/2013) / Victoria's Secret/Comenity (1500 - 03/2013) / PayPal Smart Connect/GECRB (2900 - 03/2013) / Lowe's/GECRB (2800 - 03/2013) / Amazon.com/GECRB (4500 - 03/2013) / Chevron Texaco/GECRB (1950 - 03/2013) / J.C. Penney/GECRB (2150 - 02/2013) / Target (750 - 07/2013) / Abercrombie & Fitch/Comenity (1850 - 07/2013) / CareCredit/GECRB (4500 - 08/2013) / DCU Visa (2000 - 11/2013) / NFCU Sig cashRewards Visa (7000 - 11/2013) - MilitaryStar/Chase (4700 /12/2013)

Message 6 of 12
Highlighted
Established Contributor

Re: nfcu cli denial letter


jdirilo wrote:
I've had it since Sept of last year . Payments always on time and over the minimum.

If the reasons given for the denial are not applicable to your history with nfcu, you should call and speak to a rep and find out why they think you deserve a negative payment rating.Unless there is something from the past which you are unaware of then this situation could be an error on their part.

EQ-732FICO,EX-PLUS 740,TU-725FICO
Goal 750 Across

NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
Message 7 of 12
Frequent Contributor

Re: nfcu cli denial letter

Could points. I will definitely give them a call! They have Been great so far and have given me my highest cl(granted its only $2500) but I'm.happy with them soi will give it a shot. Thanks!
Message 8 of 12
Valued Contributor

Re: nfcu cli denial letter

Did you talk to someone?

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 9 of 12
Frequent Contributor

Re: nfcu cli denial letter

Yes, she said its probably because my account is so new . Doesnt make sense either because I've had it since September, and they gave me those two increases amonth ago. But she said to reapply next month. So I will!
Message 10 of 12