topic Re: NFCU :-) in Credit Card Approvals

NFCU :-)

Anonymous — Tue, 26 Mar 2013 01:56:24 GMT

I'm new to the board, well not really. I've been reading and enjoying everyone's post on here, but here is why I decided to post. I just joined Navy Federal Credit Union. They did 2 hard pulls thru transunion. 1 for initial membership and the 2nd for a mortgage app. Then they did a 3rd pull for the Visa Signature Rewards care. I was approved for a $15,000.00 limit. I was shocked. I had no plans on getting anymore credit cards because I'm going through underwriting now with my mortgage. I'm so happy that NFCU approved me, but now I'm worried that it might affect my loan app with underwriting. My loan officer said not to worry about it, but I can't help but to do so. On a last note, I wanted to thank all the MYFICO members for disclosing so much of their personal financial info on the site, and helping other members obtain their goals.

Re: NFCU :-)

Anonymous — Tue, 26 Mar 2013 02:01:20 GMT

Welcome to the forum! The rule of thumb is not to apply for any new TL until your mortgage has closed. That being said, maybe your d-t-i ratio will be able to handle your new cc. Unless that loan officer is an UW and would put your loan approval in writing- I would have waited.

But NFCU is a little different and hopefully it will not affect your pending app!

Re: NFCU :-)

j_casteel — Tue, 26 Mar 2013 02:06:21 GMT

welcome to the forum, and congrats on your mortgage and approvals. NFCU is amazing!

Re: NFCU :-)

Anonymous — Tue, 26 Mar 2013 02:10:10 GMT

Congrats!!
That's strange, I just joined nfcu tonight and the rep told me it was only a soft pull.

Re: NFCU :-)

Rhaeny — Tue, 26 Mar 2013 02:13:52 GMT

@Anonymous wrote:
Congrats!!
That's strange, I just joined nfcu tonight and the rep told me it was only a soft pull.

That rep was very ill informed.

NFCU is known as the HP happy CU.

They'll HP you just for thinking about em...LOL!!!

No seriously, they are a phenominal CU and welcome to the NFCU club.....but they did HP you at least once on TU and EQ.

Re: NFCU :-)

shols44 — Tue, 26 Mar 2013 02:14:19 GMT

@Anonymous wrote:
Congrats!!
That's strange, I just joined nfcu tonight and the rep told me it was only a soft pull.

As all of us on here know, NFCU will HP you if you even think about apping! I mean, they are very HP happy and I wouldn't believe that rep for a second. It will be a HP.

Re: NFCU :-)

Rhaeny — Tue, 26 Mar 2013 02:14:48 GMT

Oooops....forgot to tell the OP Congrats!!!!

Re: NFCU :-)

Anonymous — Tue, 26 Mar 2013 02:19:21 GMT

Thank you, however I had no intentions on applying for the card, but they said that because they already did 2 hard pulls to initiate the acct, that they would just review that for the card. Well, they lied, because it resulted in another pull. My loan officer did tell me to get a couple of more cards to help with my variety of credit. I just got another alert that NFCU pulled my Transunion on today again. Why are they pulling my credit when they already did that yesterday and I was instantly approved. I'm on the phone with them now, and they will have to fix this or they can surely keep their card, because I can't live in a credit card, but I can live in a house. So, with all that being said, we will get this resolved tonight!

Re: NFCU :-)

Anonymous — Tue, 26 Mar 2013 02:21:14 GMT

Yep, they pull TU for membership and like other posters have said, EQ for everything else. HP happy!

Re: NFCU :-)

Anonymous — Tue, 26 Mar 2013 02:22:59 GMT

By the way, they too told me on sign up that it would have been a soft pull, but again, that was a LIE! They need to train their reps about their policies before disclosing these lies to the consumers. I am so unhappy right now! Thanks everyone for reading!

Re: NFCU :-)

Anonymous — Tue, 26 Mar 2013 02:27:06 GMT

So should I call back and just app for a card since they pulled a hard pull?
It looks like if I do that, they might pull again though.
If they can use the existing pull it makes sense to me to call right now and submit an app.

Re: NFCU :-)

Anonymous — Tue, 26 Mar 2013 02:29:18 GMT

They will pull from EQ for any credit products. Your TU was pulled for membership only.

Re: NFCU :-)

Rhaeny — Tue, 26 Mar 2013 02:31:40 GMT

@Anonymous wrote:
So should I call back and just app for a card since they pulled a hard pull?
It looks like if I do that, they might pull again though.
If they can use the existing pull it makes sense to me to call right now and submit an app.

Basically anytime you talk to them they will HP you!!

Whether you do it now or do it later, when you put in an app it will more than likely be an HP. It is the rule that you will have to live with if you want to be in a relationship with NFCU. I mean there is a chance that they will use your last pull but always be prepared for a new one.

Re: NFCU :-)

starry1 — Tue, 26 Mar 2013 02:31:40 GMT

They're going to hp you again for starting a thread about them.

Re: NFCU :-)

Anonymous — Tue, 26 Mar 2013 02:32:17 GMT

@ nubian7723

Sorry that you were misled- I'm sure that feels awful. NFCU is a great CU and I hope this doesn't turn you off from using them - just know that nearly all of your inq's will be HPs

Re: NFCU :-)

Anonymous — Tue, 26 Mar 2013 02:38:05 GMT

Make no mistake guys and gals, I am not all that upset that they did a HP for membership. I don't know much about NFCU yet, BUT I do know I am HAPPY to be a member and its worth it to take HP as far as I am concerned.

I was merely trying to minimize the damage of the pull.

EQ is my highest bureau atm so I am okay with them peeking in there for a card.

My TU just went up to 725 just now as one of the last two cards I was waiting on hit them.

I am 720's across the board with one last card still to hit TU and EQ which is a payoff from 70% util to 0.

Do they typically give instant approvals or do you have to call in and recon often? I sure don't want ANOTHER hp on EQ for a recon. oyy!

Thanks

Re: NFCU :-)

Anonymous — Tue, 26 Mar 2013 02:39:40 GMT

That is not true, I just got off of the phone with the rep and she stated to me that because I am a new member they pulled my transunion again today to see if i have any identity theft reported on their, but they did not have my permission to pull my report. I have to wait til tomorrow to call back and talk to a supervisor in that department before this can be resolved. I'm so ticked off right now. How can you pull someones report without informing them, or evening getting consent to do so? This has to be against the law!

Re: NFCU :-)

Rhaeny — Tue, 26 Mar 2013 02:40:34 GMT

@Anonymous wrote:
Make no mistake guys and gals, I am not all that upset that they did a HP for membership. I don't know much about NFCU yet, BUT I do know I am HAPPY to be a member and its worth it to take HP as far as I am concerned.

I was merely trying to minimize the damage of the pull.

EQ is my highest bureau atm so I am okay with them peeking in there for a card.
My TU just went up to 725 just now as one of the last two cards I was waiting on hit them.

I am 720's across the board with one last card still to hit TU and EQ which is a payoff from 70% util to 0.

Do they typically give instant approvals or do you have to call in and recon often? I sure don't want ANOTHER hp on EQ for a recon. oyy!

Thanks

Well I think instant approvals are YMMV. There are people with lower scores than mine and have gotten instantly approved. But I have always gotten the 3 - 5 day message and it has always resulted in approved. And I did recon one time but there was no additional pull for that.

Re: NFCU :-)

Anonymous — Tue, 26 Mar 2013 02:42:21 GMT

If you were approved for a card, then they pulled your EQ. Did you give them the ok to run your credit for a cc? If you are talking about a pre approval based on your memberships TU pull- they will still pull your EQ for the final approval.

HP happy= NFCU

Re: NFCU :-)

Anonymous — Tue, 26 Mar 2013 02:43:06 GMT

@ 09Lexie

Thank you so much! I've always been informed of how great a credit union they were, but all these inquiries while I'm going through underwriting is not good. Again, I never gave them permission to do this and they're doing it anyway. I will make sure that this card is canceled before it even leaves the warehouse! This is just ridiculous what they are doing. Thanks for the support though!