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New Member
Posts: 8
Registered: ‎04-20-2017
0

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?

Established Member
Posts: 50
Registered: ‎03-25-2017
0

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.
Valued Member
Posts: 64
Registered: ‎01-20-2017
0

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
Posts: 8
Registered: ‎04-20-2017
0

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)

 

 

Valued Contributor
Posts: 1,195
Registered: ‎03-23-2009
0

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.
Established Member
Posts: 29
Registered: ‎03-05-2017
0

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.

Starting Scores:EX 498, EQ 502, TU 522 (DEC 2014, 9 CO)
Current Scores:EX 645, EQ 649, TU 623 (APR 2017, 4 CO)
Cards: 1st Financial Bank USA $1,250 | Nordstrom $3,000 | Credit One $1,200 | Kay Jewelers $800 | CFNA $1,000 | NFCU nRewards $1000




New Member
Posts: 8
Registered: ‎04-20-2017
0

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
Posts: 121
Registered: ‎01-29-2017
0

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 -- Current - EQ 605, TU 628, EX 622
New Member
Posts: 8
Registered: ‎04-20-2017
0

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
Posts: 139
Registered: ‎12-08-2016
0

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.

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