NFCU CLOC & PENFED PLOC

Anonymous · ‎05-21-2016

For those of you that have either account I have a few questions for you.... Any feedback appreciated!!

1. Have any of you actually used it?

2. Do it hurt your score like using a credit card? like using more than 50%?

3. I know Penfed is not a hidden TL... What about NFCU?

4. I know how to use Penfed Ploc but I'm lost on how to use Nfcu Cloc?

I think that it for now lol

I just want to make sure I use them right......

Thank you family!!!!

Anonymous · ‎05-21-2016

With NFCU they will send you a book of checks for the CLOC and you can just write a check. Or if you write a personal check and there is not enough to cover in your checking then the CLOC kicks in and cover the difference. It is treated just like a CC and shows up on your credit report as a revolving credit line. Interest is charged on the balance and a minimum payment is due each month. Hope this helps.

Anonymous · ‎05-21-2016

Okay Thank you

RonM21 · ‎05-23-2016

I'll be looking into this as I have both and am still looking into overall differences.

Total CL: $321.7k

UTL: 2%

AAoA: 7.0yrs

Baddies: 0

Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

Anonymous · ‎05-23-2016

Okay please keep me posted... Thanks

Anonymous · ‎07-02-2016

Anonymous · ‎07-02-2016

This Is very interesting to me as well;can anyone list the way they use (NFCU CLOC),and how often they use it? Please note if you jus don't use it at all...