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Established Contributor
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Registered: ‎12-30-2007
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nfcu question

[ Edited ]
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!! :smileyhappy:


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??
Established Contributor
Posts: 878
Registered: ‎04-08-2008
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Re: nfcu question

Hey bamagirl, :smileyhappy:
 
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! :smileyvery-happy:
 
CanDo
 
"The right attitude is everything"
 
Frequent Contributor
Posts: 356
Registered: ‎10-10-2007
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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!!
Valued Contributor
Posts: 1,424
Registered: ‎07-24-2007
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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.....
Established Contributor
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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??
Moderator Emeritus
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Registered: ‎09-29-2007
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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. :smileysurprised: )
Established Contributor
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Registered: ‎12-30-2007
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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??
Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
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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...
Established Contributor
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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??
Established Contributor
Posts: 665
Registered: ‎03-31-2007
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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.

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