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Established Member
2jst4me
Posts: 15
Registered: ‎01-22-2013
0

Navy Federal

What was your credit score when you got a Navy Fed credit card, LOC or car loan?  How much where you approved for?  I need to add a new tradeline to my credit report but not sure if I should wait a little longer for my credit score to improve more now that I am getting items deleted.

1/22/13 Fico Starting Score: 568
8/30/13 FAKO EQ 578, EX 569, TU 581
Current Score:FAKO EQ 588
Goal Score: 660

Frequent Contributor
NewbieReed
Posts: 443
Registered: ‎12-05-2012
0

Re: Navy Federal

Hey there! 

 

I opened my NFCU CC in 12/2011  with a credit score like urs.... I apped - expecting a $1K limit at most. I had been a NFCU member for several years (5-6 years w/ a direct deposit in my checking account for 2 of those years). I heard of someone I knew with far worse credit than mine who received a $5K credit line. So,like a dummy, i took a risk & apped. and BAM! I was approved for $6K. It gave me the message tho -- that the info needed further review etc.And a few days later, I was informed of my $6K credit line. I am unsure of what my CS was at that point, but I know it had to be FAR FAR Less than the 608 (Experian) pulled 12 months later on 11/28/2012. It was then that I also learned that NFCU tends to pull TU and EQ, which they did to me. They pulled my EQ AND TU. Idk which bureau sparked the approval,but oh well. Im just thankful that ive now been 14 months with a major Credit line.  

 

I wish I could recommend something to u in order to sway ur decision to app or not app, but I think I would need to know more about ur credit profile... care to share?  I just think that NFCU takes more into consideration than just ur FICO, otherwise, I wouldnt have even had a chance. 

 

SN: I think that the only thing that reflects my poor FICO score is the APR that they initially gave to me -- 24.99% - otherwise I wouldve had a better interest rate, but honestly I was just happy with a CC from NFCU... 

Starting Score: 526 EXP 09/2012 600 FICO 10/2012 608 EX (lenderpull)11/2012
Current Score: 705 FICO TU (10/2014)Take the FICO Fitness Challenge
Established Member
2jst4me
Posts: 15
Registered: ‎01-22-2013
0

Re: Navy Federal

I have...

SDCCU Visa                 opened June 08 (30 days late Oct 11) current since but 90% utilization

Amex(auth user)  opened Feb 07  closed Aug 2011  never late

Mastercard (cap 1) opened Sep 10  got behind in March 2011 now charged off

Verizon (dsl) in collections June 10

United (kirby vacuum)  opened July 08 never late and paid off in Jan 10

MMCA ($25k joint car loan) opened July 01 paid off Nov 05 never late

BofA ($7500 persona loan) opened May 04 never late paid off Aug 04

SDCCU ($9800 car loan) opened Feb 09 (30 days late Oct 11) current since

CalCoast ($13k joint car loan) opened Jan 07 refinanced to SDCCU in Feb 09 never late

 

 

I just successfully PFD an Att bill that went to southwest credit.  ATT never reported

 

 

1/22/13 Fico Starting Score: 568
8/30/13 FAKO EQ 578, EX 569, TU 581
Current Score:FAKO EQ 588
Goal Score: 660

Established Member
2jst4me
Posts: 15
Registered: ‎01-22-2013
0

Re: Navy Federal

I joined Navy Fed a few yrs ago, started direct deposit about 8 months ago

1/22/13 Fico Starting Score: 568
8/30/13 FAKO EQ 578, EX 569, TU 581
Current Score:FAKO EQ 588
Goal Score: 660

Regular Contributor
Rein
Posts: 122
Registered: ‎10-29-2012
0

Re: Navy Federal

I joined nfcu and within days applied for the visa. I had a score of 571 on all 3. Got approved for $6000 cl. I was really surpised and happy! I read a lot of people got approved with that score. Good luck! 

Community Leader
Valued Contributor
starry1
Posts: 2,325
Registered: ‎11-29-2012
0

Re: Navy Federal

Was that your first open tl, or did you start or restart with a rebuilder?

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 12/22/14 TU 659; EQ 649; EX 658
Goal Score:  625 for now– New goal 675

Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $10k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $500 / Target $400 / PPSC $800 / Texaco $400 (last app 09/29/14)
Frequent Contributor
Adalen
Posts: 353
Registered: ‎05-01-2007
0

Re: Navy Federal

I think they check EQ notoriously.  Pretty sure I had a 598 as well when I applied there and I was instantly approved for a $7K cashRewards card, no further investigation required.  At the time, I was paying down one charged off account and my only open trade line was my $500 Barclay Apple/iTunes card (perfect payment history).

 

I'm not sure what all they take into consideration, but my parents opened my account there when I was a baby (1984) and I just started using it last year because they were deducting money from my savings account for non-use.  (It only took them 28 years..)  I don't have direct deposit through there because they take too long to make funds available.

2011: EQ 580~
2012: EQ 620~
2013: EQ 641, TU98 645, TU04 635, TU08 635, EX 648 (lender)
Closed on first home 4/25/13.
Community Leader
Valued Contributor
starry1
Posts: 2,325
Registered: ‎11-29-2012
0

Re: Navy Federal

What do you mean they take too long to make direct deposit funds available? Like the day after or something? I ask because I'm joining in a couple of weeks.

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 12/22/14 TU 659; EQ 649; EX 658
Goal Score:  625 for now– New goal 675

Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $10k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $500 / Target $400 / PPSC $800 / Texaco $400 (last app 09/29/14)
Regular Contributor
Kartel34
Posts: 157
Registered: ‎05-01-2008
0

Re: Navy Federal

I never had my direct deposit delayed. But I did receive a message today explaining that check deposits @ the branch is changing . the first 200 will be available the same business day and the rest will be available the next business day.

Frequent Contributor
Adalen
Posts: 353
Registered: ‎05-01-2007
0

Re: Navy Federal

Yes, next business day.  Currently, with USAA, I get it the day before. 

2011: EQ 580~
2012: EQ 620~
2013: EQ 641, TU98 645, TU04 635, TU08 635, EX 648 (lender)
Closed on first home 4/25/13.

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