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which NFCU product should I apply for?

New Member

which NFCU product should I apply for?

I'm beginning to rebuild my credit after being young and dumb.

 

I have one card right now, a Capital One with $500 limit unsecured.

 

My scores are:

 

Experian: 575

Transunion: 591

Equifax: 618

 

What NFCU products should I apply for to help with my rebuild?

12 REPLIES
New Contributor

Re: which NFCU product should I apply for?

I received the platinum card a couple of weeks ago from them with similar scores but about 1% utilization on my secure discover and a cap1 card. Also an auto loan thats almost a year old. Only baddie left is a open CO that hasn't updated since 2013 thats reporting 113% utilization. Can't wait to clear that so my scores rebound but nfcu was nice to me.
New Contributor

Re: which NFCU product should I apply for?

I think we'll need more info about any negatives on your account. My scores are EQ 612, EX, 589, TU 592 but have a Ch 7 BK from 2010 and a couple old collections I'm trying to get cleared up. I was only approved for checking, savings, and a secured card-declined after recon for an unsecured card. I've got pretty high income too and my expenses are far less than my income. Looks like the baddies were a big factor in my denial.
New Member

Re: which NFCU product should I apply for?

I see, I figured it was just based on scores.

 

I have 3 accounts charged off and in collections.

 

Kohls Card - Charged off 11/2014

Victoria's Secret - Charged off 7/2015

Utility Company - collection since 12/2016 (I will dispute this one though)

 

 

Community Leader
Valued Contributor

Re: which NFCU product should I apply for?

Definitely not based on scores. Mine were 644 TU & 667 EQ and I was declined last month. Ch 13 filed in 2011 and 2 $48 medical collections. They did approve me for a $5000 CLOC and an auto refi though.


EQ 679 EXP 700 TU 763
New Contributor

Re: which NFCU product should I apply for?


dudesgirl wrote:

I see, I figured it was just based on scores.

 

I have 3 accounts charged off and in collections.

 

Kohls Card - Charged off 11/2014

Victoria's Secret - Charged off 7/2015

Utility Company - collection since 12/2016 (I will dispute this one though)

 

 


I applied with a TU FICO of 648 and a EQ FICO of 654 and they declined me due to the charge offs from 2014.

Current Scores: EX 637, EQ 634, TU 611 (June 2017, 4 Chargeoffs reporting)
Starting Scores: EX 445, EQ 456, TU 512 (September 2014, 11 Chargeoffs reporting)

New Member

Re: which NFCU product should I apply for?

My chances aren't looking too good.

 

Anyone know if I can apply for an unsecured card use the same pull to get a secured card if I'm denied?

Regular Contributor

Re: which NFCU product should I apply for?

I would try if I was you. I got approved for a $35k auto loan, $24K CC, and a $15K CLOC with scores similiar to yours with 1 chargeoff and 1 collection reporting.

FICO 8 Scores 02/21/2017 EQ 593, TU 584 EX 602 -- 06/21/2017 - EQ 632, TU 652, EX 656
New Member

Re: which NFCU product should I apply for?


MCHouston wrote:

I would try if I was you. I got approved for a $35k auto loan, $24K CC, and a $15K CLOC with scores similiar to yours with 1 chargeoff and 1 collection reporting.


Wow. You must have good income?

Regular Contributor

Re: which NFCU product should I apply for?

Definitely wait until you have low utilization to app. I was denied in the mid-600 range and feel this is why.