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nfcu question

Established Contributor

nfcu question

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!! Smiley Happy


Message Edited by bamagirl1 on 06-18-2008 08:28 AM
~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??
Message 1 of 16
15 REPLIES
Established Contributor

Re: nfcu question

Hey bamagirl, Smiley Happy
 
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! Smiley Very Happy
 
CanDo
 
"The right attitude is everything"
 
Message 2 of 16
Frequent Contributor

Re: nfcu question

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!!!
FICO: 8/08 - TU 718; EQ 702; EX 733 (Bonafide 700 club member!)
Next goal: 750s across the board!!
Message 3 of 16
Valued Contributor

Re: nfcu question

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.
New York Yankees - 2009 World Series Champions. 27... and counting.....
Message 4 of 16
Established Contributor

Re: nfcu question

cobra 19-
what is an FA?
~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??
Message 5 of 16
Moderator Emeritus

Re: nfcu question



bamagirl1 wrote:
cobra 19-
what is an FA?



FA = fraud alert
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. Smiley Surprised )
Message 6 of 16
Established Contributor

Re: nfcu question

oh hahah thanks cheddar :0)
~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??
Message 7 of 16
Senior Contributor

Re: nfcu question



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.
Here we go again...
Message 8 of 16
Established Contributor

Re: nfcu question

wow fretless that's awesome I can only hope and wish!
~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??
Message 9 of 16
Established Contributor

Re: nfcu question

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.
Message 10 of 16