Credit Cards

[bamagirl1]

hi everyone--

i sent my application for nfcu a few weeks ago, i got a call monday afternoon stating that they need a copy of my most recent paystub..

1. why do they not ask this for everyone?

2. from prev experience, is this usually a good thing or not? approval or not??

3.  after info is faxed how long does it normally take before you know something?

thanks everyone!!

Message Edited by bamagirl1 on 06-18-2008 08:28 AM

[CanDoAttitude]

Hey bamagirl,

NFCU asked for proof of income from me before I got

approved for the nRewards Visa and Mastercard for

2k each. So yes, 99.999% of the time this is a good thing

cuz they need the info to determine a credit limit.

And not everyone needs to send in proof of income because

everyone's credit situation is different. Some folks get approved

instantly while others go thru a manual review. And sometimes they

can verify income without asking for a paystub, which is great news

for the applicant.

So in summary, if they're asking you for a paystub you should be in

very good shape. You should hear something within 24 hours.

Please keep us posted and good luck to you!

CanDo

"The right attitude is everything"

[lurknomore]

Agreed with CanDo.  The fact that they are asking for paystubs is definitely a positive sign and is likely needed to help determine the initial CL. 

When I apped for NFCU the first time, they asked for paystubs as well.  This seems to be a fairly common practice with CUs and when you think about it, it's much better than the alternative.  I appreciate creditors who ask upfront rather than those who surprise you later on with requests for financials, but that's another topic for a different thread...

Call me a crazy optimist, but I think it means you're IN.  NFCU is AWESOME!!!

[cobra19]

NFCU asked me to fax a copy of my recent pay stub and, since I  have a FA, a copy of a recent utility bill and a copy of my drivers license.

If they are asking for all that stuff, you're approved.

[bamagirl1]

cobra 19-

what is an FA?

[cheddar]

---

bamagirl1 wrote:

cobra 19-

what is an FA?

---

FA = fraud alert

[bamagirl1]

oh hahah thanks cheddar :0)

[FretlessMayhem]

---

cobra19 wrote:

NFCU asked me to fax a copy of my recent pay stub and, since I have a FA, a copy of a recent utility bill and a copy of my drivers license.

If they are asking for all that stuff, you're approved.

---

Same situation with me with the FA. I faxed a paystub and utility bill and was approved for $15,000 MC and $10,000 LOC.

[bamagirl1]

wow fretless that's awesome I can only hope and wish!

[FaircreditguyFL]

They have been known to ask for docs with lower FICO scores. Remember, Navy will be good to you as long as you are good to them.