Credit Card Center Advertiser Disclosure†
09-02-2017 11:28 PM
09-03-2017 03:34 PM
09-06-2017 09:03 PM
09-07-2017 09:29 AM
I'm happy to say that with getting my 90 day CLI on my Platinum card with Navy, I decided to shoot for the CLOC!
I was approved for it 3 months ago, but they had countered me with $3500 over the $15k requested, but I decided to decline it at that time.
I really wasn't expecting them to approve me but they did for the full $15k. I just have to wait to get the documents and sign them to get it activated but I'm ecstatic!
I did have a question about the CLOC, how does that report on your credit report? Is it shown as a installment account or a revolving credit line? Didn't know if it would help with my UTI or not.
It shows up with different 'names' on different bureaus, but in all cases it reports as a revolving account.
09-07-2017 07:23 PM
09-11-2017 10:06 PM
09-12-2017 05:37 AM
I know this might be a dumb question but how exactly do you use your line of credit? I was wanting to take out against it in order to pay my wife's IRS bill off.
Would I just make the payment to the IRS through my NFCU checking account and when that posts it'll automatically pull from the line of credit and then I pay that off?
Any help would be great, thanks!
If your payment takes your balance to below $0 then the LOC will kick in and take the money from there. Other options to use the LOC are the checks that come with it. You can then pay any entity directly with those checks. Alternatively you can write a check to yourself and deposit that into another bank account, even another NFCU one. You just can't deposit the check into the same account that the LOC is attached to. Hope this helps.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.