topic Re: NFCU Approval with Low Credit Score! in Credit Card Approvals

NFCU Approval with Low Credit Score!

Anonymous — Wed, 30 Jan 2019 18:56:45 GMT

Hello all,

I decided to randomly apply for the NFCU GoRewards card and was instantly approved for $15k!! I’m shocked!! This is my highest limit yet!

My credit score is 560. I have 13k in available credit with Capital One and Wells Fargo. I also have a NFCU CashRewards card with a credit limit of $2600 and a balance of $2500. I usually pay off my balance in full which I will do in a couple of days. My income is $65k/year. I have 1 collection that is paid off. I think the reason my score is so low is because I have 7 lates on my student loans and 4 lates on my car loan. Working on trying to get them off now.

Anyway.. NFCU is the best!!

Re: NFCU Approval with Low Credit Score!

CivalV — Wed, 30 Jan 2019 18:36:30 GMT

Wow! 15K SL 🤩 congratulations 🎊🎉

Did they pull your TU score? And what was your overall UTL %?

Re: NFCU Approval with Low Credit Score!

Anonymous — Wed, 30 Jan 2019 18:39:22 GMT

@Anonymous wrote:
Hello all,

I decided to randomly apply for the NFCU GoRewards card and was instantly approved for $15k!! I’m shocked!! This is my highest limit yet!

My credit score is 560. I have 13k in available credit with Capital One and Wells Fargo. I also have a NFCU CashRewards card with a credit limit of $2600 and a balance of $2500. I usually pay off my balance in full which I will do in a couple of days. My income is $65k/year. I have 1 collection that is paid off. I think the reason my score is so low is because I have 7 lates on my student loans and 4 lates on my car loan. Working on trying to get them off now.

Anyway.. NFCU is the best!!

Wow! What a great surprise that approval must have been.

Care to share some more specifics about your situation -- length of time a member; how old your other Navy card? You might inspire some others to take a leap.

Re: NFCU Approval with Low Credit Score!

Anonymous — Wed, 30 Jan 2019 18:40:07 GMT

Holy wow. Congrats! 15k on a 560 score. You've must've built a great relationship with them. Awesome.

Re: NFCU Approval with Low Credit Score!

Anonymous — Wed, 30 Jan 2019 18:40:21 GMT

Congrat-ru-rations!

Re: NFCU Approval with Low Credit Score!

Anonymous — Wed, 30 Jan 2019 18:50:43 GMT

@CivalV wrote:
Wow! 15K SL 🤩 congratulations 🎊🎉

Did they pull your TU score? And what was your overall UTL %?

Thank you! Yes they pulled my TU. My overall utilization is at 21%.

Re: NFCU Approval with Low Credit Score!

Anonymous — Wed, 30 Jan 2019 18:48:04 GMT

@Anonymous wrote:
@Anonymous wrote:
Hello all,

I decided to randomly apply for the NFCU GoRewards card and was instantly approved for $15k!! I’m shocked!! This is my highest limit yet!

My credit score is 560. I have 13k in available credit with Capital One and Wells Fargo. I also have a NFCU CashRewards card with a credit limit of $2600 and a balance of $2500. I usually pay off my balance in full which I will do in a couple of days. My income is $65k/year. I have 1 collection that is paid off. I think the reason my score is so low is because I have 7 lates on my student loans and 4 lates on my car loan. Working on trying to get them off now.

Anyway.. NFCU is the best!!
Wow! What a great surprise that approval must have been.
Care to share some more specifics about your situation -- length of time a member; how old your other Navy card? You might inspire some others to take a leap.

Of course! I have been a NFCU member for 2 years and 2 months. My NFCU CashRewards is 2 years old. I've never been late on my payments with NFCU. I usually pay my balance down in full every couple of months or make large payments.

Re: NFCU Approval with Low Credit Score!

Anonymous — Wed, 30 Jan 2019 18:49:33 GMT

@Anonymous wrote:
Holy wow. Congrats! 15k on a 560 score. You've must've built a great relationship with them. Awesome.

Yes I was extremely shocked. I called them to make sure it was real and they confirmed it was lol!

Re: NFCU Approval with Low Credit Score!

crys12065 — Wed, 30 Jan 2019 18:51:57 GMT

Congrats!! That's a monster SL! Navy is awesome!

Re: NFCU Approval with Low Credit Score!

CivalV — Wed, 30 Jan 2019 18:59:38 GMT

Thank you for sharing! Ive got about 40% of UTL that needs to be carved off before I app for NFCU. Hopefully they love me as much as they love you haha

Re: NFCU Approval with Low Credit Score!

Anonymous — Thu, 31 Jan 2019 09:15:58 GMT

Outstanding....(and not to be rude)...unbelievable......approval..BIG CONGRATULATIONS!!!

Re: NFCU Approval with Low Credit Score!

Anonymous — Wed, 30 Jan 2019 19:29:29 GMT

@Anonymous wrote:
Outstanding....(and not to be rude)...unbelievable......approval..BIG CONGRATUALTIONS!!!

I am still very shocked myself lol THANK YOU!

Re: NFCU Approval with Low Credit Score!

CreditInspired — Wed, 30 Jan 2019 19:39:26 GMT

WOW! I’m speechless.

A huge congratulations to you.

Re: NFCU Approval with Low Credit Score!

Anonymous — Wed, 30 Jan 2019 19:42:09 GMT

Awesome SL!! Navy is a solid CU for sure!! I was just able to remove 4 student loan lates from before I consolidated which gave me a 25 point bump as well as keeping your UTL low.. should give you a significant bump points wise. Congrats on the SL tho!

Re: NFCU Approval with Low Credit Score!

Anonymous — Wed, 30 Jan 2019 19:45:36 GMT

@Anonymous wrote:
Awesome SL!! Navy is a solid CU for sure!! I was just able to remove 4 student loan lates from before I consolidated which gave me a 25 point bump as well as keeping your UTL low.. should give you a significant bump points wise. Congrats on the SL tho!

Were your loans Federal Loans? I have tried multiple times and they wont budge Im hoping if I pay a few of them off, then that will help boost my score.

Re: NFCU Approval with Low Credit Score!

Anonymous — Wed, 30 Jan 2019 20:00:14 GMT

@Anonymous wrote:
@Anonymous wrote:
Awesome SL!! Navy is a solid CU for sure!! I was just able to remove 4 student loan lates from before I consolidated which gave me a 25 point bump as well as keeping your UTL low.. should give you a significant bump points wise. Congrats on the SL tho!
Were your loans Federal Loans? I have tried multiple times and they wont budge Im hoping if I pay a few of them off, then that will help boost my score.

I consolidated 3 smaller loans into 1 loan with Great Lakes which services fed loans if I'm not mistaken. The lates were from before the consolidation and after speaking with Great Lakes at length (they all said the same thing about not being able to change anything regarding reporting of lates) a supervisor recommended I file a dispute with the 3 CRA's and it worked. I was at a point and still am when it comes to getting rid of anything derogatory it is worth all the time it takes to make the calls, dispute and or send the letters.

Re: NFCU Approval with Low Credit Score!

Anonymous — Wed, 30 Jan 2019 21:37:59 GMT

Wow! Big congrats on your NFCU GoRewards approval and sweet SL!

Re: NFCU Approval with Low Credit Score!

Anonymous — Wed, 30 Jan 2019 23:47:30 GMT

WOW that’s an amazing approval, I might be just a bit jealous!

What is your DTI ratio out of curiosity? The DTI seems to have a huge influence with NFCU.

Re: NFCU Approval with Low Credit Score!

AverageJoesCredit — Thu, 31 Jan 2019 00:32:48 GMT

Truely amazing getting 15k on a 560. Navy truely is the best Never burn

Re: NFCU Approval with Low Credit Score!

Meanmchine — Thu, 31 Jan 2019 06:21:12 GMT