Approved Navy Fed CLOC

[Anonymous]

Congrats Baller  Very nice...

[baller4life]

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@Anonymous wrote:

Congrats Baller  Very nice...

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Thank you. They exhausted me. First time I've seen that side of them. My cards and subsequent clis were a piece of cake!

[ScoreOrBeScored]

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@baller4life wrote:

Haha you be funny! Depends on my apr if I'll be writing any checks on it. I want that sweet LOC YOU have! Isn't your Randolph Brooks LOC like 8.9% apr Score?

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Yes my PLOC is 8.9%

[tendertan]

If its not a hassle can someone explain the LOC?  When the Navy Rep. called me and was talking about my existing credit union, she asked me did I have a CC with them, and I told her yes, then she asked about did I have Overdraft with them and I told her Yes, she asked how much and I told her 500.00 and the next thing I know she come back saying you're been approved for a CLOC for 500.00.  So is there something else I'm missing?  I'm thining its typical Checking Overdraft or am I wrong? 

[baller4life]

Yes checking overdraft. You can either overdraft your checking to access it or write a check directly from it.

[tendertan]

OK, so I see that its people that got 15,000 in Overdraft.  Will the Overdraft count toward any scoring for as Credit to boost your score, or to treat it as regular checking Overdrat?

[tendertan]

When do the Bank want you to repay the money?

[NY2014]

In the meantime Baller Again congrats while I'm to scared or cannot apply for any more credit . Hoping no one has tried to apply any credit, houses, cars , CLOC for a trip on a cruise line lol . Well at least I still have the EQ # you helped me with and I just got denied to open a checking account report came back from check system . I never got denied a checking account ..now I have to request checksyem my report... . ..

[Anonymous]

Hey Folks,

I just read the thread of wonderful comments.  Nothing like the smell of new credit.  I too apped for a CLI and had the hardest time getting approved.  After several attempts online with no luck I called my college buddy thats a manager at the union.  She took my info and no sooner than 5 minutes after I got off the phone with her I get the approval email.  Orginally I apped for the full 15k but she suggested I go for the intial 3k and CLI a few months later.  With my recent bk discharge at the beginning of the year I made tremendous strides in rebuilding my credit.  Congrats to all that are recipiants of NFCU love.