topic Re: OMG! NFCU SL in Credit Card Approvals

OMG! NFCU SL

Ajaye55 — Tue, 25 Apr 2017 01:07:21 GMT

I pulled trigger and apped for a Go Rewards card. I was floored not by a declined but a CL of $16,600 and an APR of 13.45%. I am estacitc, needless to say. My best limit and APR yet. I have had my secured card with them for just a year. This will be out new daily driver. Probably lay my USAA secured to rest after this. I have been diligintly rebuilding my credit for the past year. It has Finally paid off. My next app will be Mortgage. Next month, this has been my confidence boost for that.

Re: OMG! NFCU SL

bigpoppa09 — Tue, 25 Apr 2017 01:23:29 GMT

Congrats the best move i made Early in my rebild was joining NFCU.

Re: OMG! NFCU SL

Anonymous — Tue, 25 Apr 2017 01:24:18 GMT

That's awesome! Hopefully a mod will move this to the approvals so others can see 😀

Re: OMG! NFCU SL

Ajaye55 — Tue, 25 Apr 2017 01:28:16 GMT

Thanks, I have been a member since 2003. I had abandoned acct for like 10 years until last year. I wish i had invested the 3k in my USAA secured here, in NFCU. Oh well.

Re: OMG! NFCU SL

Anonymous — Tue, 25 Apr 2017 01:36:25 GMT

Nice approval!

Re: OMG! NFCU SL

Anonymous — Tue, 25 Apr 2017 02:37:33 GMT

Congrats! I wonder if this will ever end. They are the biggest credit union in the country. I wonder if they were prepared for the MyFICO rush. They obvious wanted to open up membership to more people. Glad I got mine.

Re: OMG! NFCU SL

Anonymous — Tue, 25 Apr 2017 02:39:56 GMT

Congratulations on the great approval!

Re: OMG! NFCU SL

Anonymous — Tue, 25 Apr 2017 02:54:38 GMT

Very nice approval, Ajaye!

Re: OMG! NFCU SL

K-in-Boston — Tue, 25 Apr 2017 11:13:56 GMT

Congrats!!

CreditContractor, the MyFICO part is tiny in the grand scheme of things. They began accepting veterans like myself in February and grew from 6 million to 7 million members in less than 2 months!

Re: OMG! NFCU SL

Anonymous — Tue, 25 Apr 2017 12:00:55 GMT

Congratulations! Super nice SL and really great APR! Credit scores are looking good, too! You've done a nice job on your rebuild, and you're being rewarded for it! So happy for you!

Re: OMG! NFCU SL

Anonymous — Tue, 25 Apr 2017 12:08:23 GMT

Congratulations!! Keep up the good work!!

Re: OMG! NFCU SL

Anonymous — Tue, 25 Apr 2017 13:21:57 GMT

Congrats on your approval. Good luck on your continued rebuild

Re: OMG! NFCU SL

Ajaye55 — Tue, 25 Apr 2017 13:32:14 GMT

Thanks for your encouragement!

Re: OMG! NFCU SL

Anonymous — Tue, 25 Apr 2017 16:53:32 GMT

Nice SL, congrats.

Tee~

Re: OMG! NFCU SL

Anonymous — Tue, 25 Apr 2017 18:05:00 GMT

@K-in-Boston wrote:
Congrats!!

CreditContractor, the MyFICO part is tiny in the grand scheme of things. They began accepting veterans like myself in February and grew from 6 million to 7 million members in less than 2 months!

I didn't realize they just started accepting veterans in February. As I applied in February. Never heard of them until mentioned on here. I could have also gained access as my father was retired military. Very generous. Probably easy to collect from active military if they default.

Re: OMG! NFCU SL

Anonymous — Tue, 25 Apr 2017 22:46:06 GMT

How did they have 6 million members without veterans? In 2015, there were only 326,253 active personnel and 57,859 reserve personnel in the Navy. And around 1 to 1.5 million active members in the other military branches.

Re: OMG! NFCU SL

JustcallmeTM — Wed, 26 Apr 2017 13:05:29 GMT

@Anonymous wrote:
How did they have 6 million members without veterans? In 2015, there were only 326,253 active personnel and 57,859 reserve personnel in the Navy. And around 1 to 1.5 million active members in the other military branches.

Former active service members like myself who has had NFCU since 1999, once your in your in, you in for life unless you close it then your SOL getting back in (they do tend to block people who closed there account previously my friend went through this and had to wait years before getting back in). Believe it or not alot of miltary people use NFCU/USAA for there banks. When we are in bootcamp they push credit unions and lower tier banks.

In bootcamp I had Great Lakes(Mistake) Credit Union, before moving onto NFCU when I got to my duty station in Washington State. These specific CU are tailored more towards active service members and ex service members who kept there accounts open like I did even when I didn't use them for the years after I got out.

With big banks you have to go through more paperwork and BS to say you are being deployed and won't be state side compared to NFCU

Like the poster before you said, zero way you can mess up with any bank in the miltary anymore. Any bank can garnish your whole check if you leave it in the negative or you bounce a check. Once they put in the proper paperwork to personnel to garnish money due its pretty much a wrap, you can't argue, complain or fight it, they won't even tell you they let you wait until you see your check. You try and move it they will track it and freeze those accounts also. They don't have to follow the 10% rule either you are in the military, you have to be pretty dumb to not pay your bills while in.

I know this from watching someone in my old division get sent to the brig for bouncing checks and they garnished his check until it was all paid, they gave no craps that he was married with kids also.

But the more I talk to them the more rules they putting in place. If one has opened a CC or loan in the last 30 days then there is zero chance they will approve you for any type of loan. This was my wife calling in to ask about a pre-approval offer for a loan, they started asking specific question during the application process before I stopped it. So the more civilians join the more harsher the rules will become, I guess it comes with the territory since they need to find a way to keep the civilians in check and avoid loses due to civilians and the ex service members also.

Re: OMG! NFCU SL

Anonymous — Wed, 26 Apr 2017 14:11:31 GMT

@ JustcallmeTM Thank you for the information!

Re: OMG! NFCU SL

medicgrrl — Wed, 26 Apr 2017 15:31:46 GMT

@JustcallmeTM wrote:
@Anonymous wrote:
How did they have 6 million members without veterans? In 2015, there were only 326,253 active personnel and 57,859 reserve personnel in the Navy. And around 1 to 1.5 million active members in the other military branches.
Former active service members like myself who has had NFCU since 1999, once your in your in, you in for life unless you close it then your SOL getting back in (they do tend to block people who closed there account previously my friend went through this and had to wait years before getting back in). Believe it or not alot of miltary people use NFCU/USAA for there banks. When we are in bootcamp they push credit unions and lower tier banks.

In bootcamp I had Great Lakes(Mistake) Credit Union, before moving onto NFCU when I got to my duty station in Washington State. These specific CU are tailored more towards active service members and ex service members who kept there accounts open like I did even when I didn't use them for the years after I got out.

With big banks you have to go through more paperwork and BS to say you are being deployed and won't be state side compared to NFCU

Like the poster before you said, zero way you can mess up with any bank in the miltary anymore. Any bank can garnish your whole check if you leave it in the negative or you bounce a check. Once they put in the proper paperwork to personnel to garnish money due its pretty much a wrap, you can't argue, complain or fight it, they won't even tell you they let you wait until you see your check. You try and move it they will track it and freeze those accounts also. They don't have to follow the 10% rule either you are in the military, you have to be pretty dumb to not pay your bills while in.

I know this from watching someone in my old division get sent to the brig for bouncing checks and they garnished his check until it was all paid, they gave no craps that he was married with kids also.

But the more I talk to them the more rules they putting in place. If one has opened a CC or loan in the last 30 days then there is zero chance they will approve you for any type of loan. This was my wife calling in to ask about a pre-approval offer for a loan, they started asking specific question during the application process before I stopped it. So the more civilians join the more harsher the rules will become, I guess it comes with the territory since they need to find a way to keep the civilians in check and avoid loses due to civilians and the ex service members also.

I don't think this is correct. I was approved for a CLOC and then was approved for an auto refinance within 30 days. The refi was just at the beginning of this month and they used the same credit report.

Re: OMG! NFCU SL

sonicchris8 — Wed, 26 Apr 2017 15:50:13 GMT

Congrats on the Navy approval. Yeah I think you have to be sitting when you get that SL! same thing happened for me.