topic Re: NFCU Cash Rewards declined... super sad face in Credit Card Applications

NFCU Cash Rewards declined... super sad face

Anonymous — Sat, 28 Jan 2017 02:28:08 GMT

Well, I finally received my Welcome to Navy Federal email and got an alert that a TU HP hit my report. This took 2 weeks. I set up online banking and app'd for the cashRewards as I really wanted the low APR for a nice balance transfer. But alas... "Unfortunately, your request for credit has not met Navy Federal lending criteria for approval". Also a 2nd TU HP, which is status quo.

D*mmit. I sent them a private message in response to the application message and was given a 2 business day turnaround.

I'm certain it was my currently high UTI. I'm hovering at 33% overall, but it will be back to under 20% in 4 weeks. Maybe I shouldn't waited, but we all know what that's like.

Other data points:

TU: 670 (held down because of the UTI)

AAoA: 4.5 years

Oldest CL: 19 years

Inquiries within the last 12 months: 1 within the last 6 months: 0

1 baddie 5.5 years ago.

No lates within the last 5.5 years

I really hope the recon via message works. It's my first recon and I basically poured my heart out. LOL.

Re: NFCU Cash Rewards declined... super sad face

Anonymous — Sat, 28 Jan 2017 03:03:13 GMT

What is your baddie?

What are your scores when utility is not above 10%?

Im actually curious as to the denial reasons. Keep us posted.

Re: NFCU Cash Rewards declined... super sad face

Anonymous — Sat, 28 Jan 2017 03:17:41 GMT

@Justagirl73 wrote:
What is your baddie?
What are your scores when utility is not above 10%?
Im actually curious as to the denial reasons. Keep us posted.

The baddie is a 2011 overdraft protection from Chase that went into collection and then charged off when I relocated to another country for work. It's a long story and they didn't budge so I didn't pay. I know it only hurts me in the end, but it'll be gone in 18 months and I can live with Chase's scarlet letter (for now).

Score's up 39 points to 709 when UTI drops below 10%. And to think I was saving my HPs for this app.

I know, I know... it'll be there waiting when my UTI is down and scores are back up in 90 days. Just gut wrenching, though. I really thought I still had a chance.

Re: NFCU Cash Rewards declined... super sad face

Anonymous — Sat, 28 Jan 2017 03:48:02 GMT

Maybe it's your income because I was approved for the CashRewards with a 655 FICO across the board.

Re: NFCU Cash Rewards declined... super sad face

Anonymous — Sat, 28 Jan 2017 03:56:50 GMT

@Anonymous wrote:
Maybe it's your income because I was approved for the CashRewards with a 655 FICO across the board.

It's 136k annual. But not sure if that's too low or if they have different criteria for non-military incomes?

What was your SL, if you don't mind my asking...

Re: NFCU Cash Rewards declined... super sad face

Anonymous — Sat, 28 Jan 2017 04:04:11 GMT

My score was 650 with 2 baddies, and like you I got two HP's (one for opening one for card app) and a Denial. But I did recon and they approved me.

My SL was 1k in Novermber I'm going to ask for a CLI at 6 months which im hoping will jump to 5k then higher. I've heard NFCU may start small but will give big jumps with CLI's. My annual income is 53k.

Re: NFCU Cash Rewards declined... super sad face

paulachristinej — Sat, 28 Jan 2017 04:07:38 GMT

That sucks. When I got approved 2 years ago I had an open tax lien and a sub 620 score. I got $3k. They just bumped me to $15k with the scores in my sig (630ish). But I also have had the account for 15 years, didn't actively use it until 2-3 years ago. My income is good - they see the direct deposit.

Hopefully they will approve on recon.

Re: NFCU Cash Rewards declined... super sad face

Anonymous — Sat, 28 Jan 2017 04:17:49 GMT

@Anonymous wrote:
My score was 650 with 2 baddies, and like you I got two HP's (one for opening one for card app) and a Denial. But I did recon and they approved me.

My SL was 1k in Novermber I'm going to ask for a CLI at 6 months which im hoping will jump to 5k then higher. I've heard NFCU may start small but will give big jumps with CLI's. My annual income is 53k.

Thanks, Matt. I'd be happy with the 1k, honestly. I was super excited to learn how to qualify for membership as my first banking relationship in college was at the local CU and I haven't been a member in quite a long time. Consumer banks sort of get the spotlight, I guess. I hope the recon doesn't = a 3rd HP! Arrrgh.

PaulaChristine, thanks! Very encouraging!

Re: NFCU Cash Rewards declined... super sad face

Scupra — Sat, 28 Jan 2017 07:07:07 GMT

Fingers crossed for your recon!

Re: NFCU Cash Rewards declined... super sad face

Anonymous — Sat, 28 Jan 2017 07:35:21 GMT

Don't fret too much. I had a tough time getting any unsecured accounts with NFCU for a while but within a few months they suddenly began approving me for accounts. I have a 10k NFCU rewards and a 15k CLOC as well as a 2k account that recently transitioned from being secured at 500. My wife has had basically the same experience. You might want to ask them for a secured account, my 10k was approved just a few weeks after I set up the secured account.

Re: NFCU Cash Rewards declined... super sad face

steelers1 — Sat, 28 Jan 2017 14:11:32 GMT

Keep us updated. That really seems strange that they would deny you.

I've seen a lot worse profiles get approved.

Re: NFCU Cash Rewards declined... super sad face

Anonymous — Sat, 28 Jan 2017 14:38:26 GMT

@steelers1 wrote:
Keep us updated. That really seems strange that they would deny you.

I've seen a lot worse profiles get approved.

Woke up this morning to the message waiting for you email. Got the standard form: We value blah blah and took a second look at blah blah but stand behind our original decision blah. But we invite you to call and request the Secured blah Card. I'll wait to see what the letter says and send one more recon message based on that.

I really thought low SL, but declined altogether is such a bubble burst feeling. And not even a personal message in response, just a form letter.

*PS, sorry for all the blahs* ;-)

Re: NFCU Cash Rewards declined... super sad face

Anonymous — Sat, 28 Jan 2017 15:24:24 GMT

@Anonymous wrote:
@steelers1 wrote:
Keep us updated. That really seems strange that they would deny you.

I've seen a lot worse profiles get approved.
Woke up this morning to the message waiting for you email. Got the standard form: We value blah blah and took a second look at blah blah but stand behind our original decision blah. But we invite you to call and request the Secured blah Card. I'll wait to see what the letter says and send one more recon message based on that.

I really thought low SL, but declined altogether is such a bubble burst feeling. And not even a personal message in response, just a form letter.
*PS, sorry for all the blahs* ;-)

I feel your pain! I have been declined 2 times by NFCU. My TU is 761, no baddies. Both times they sited excessive credit obligations as as the reason. I do owe about $17,000, about 8% uti. I bought new furniture with 0% financing. Tried to recon by sending m W-2's to prove my $170,000 income, and arguing my debt to income is completely reasonable. No go. Super Sad Face!!!

Re: NFCU Cash Rewards declined... super sad face

Anonymous — Sat, 28 Jan 2017 16:35:37 GMT

@Anonymous wrote:
@steelers1 wrote:
Keep us updated. That really seems strange that they would deny you.

I've seen a lot worse profiles get approved.
Woke up this morning to the message waiting for you email. Got the standard form: We value blah blah and took a second look at blah blah but stand behind our original decision blah. But we invite you to call and request the Secured blah Card. I'll wait to see what the letter says and send one more recon message based on that.

I really thought low SL, but declined altogether is such a bubble burst feeling. And not even a personal message in response, just a form letter.
*PS, sorry for all the blahs* ;-)

Seriously, none of this makes sense sometimes.

I was approved 6 months out of BK (IMO no bigger baddie than that) and with a lower score.

That said, I'd grab the secured card they seem to graduate pretty quickly. I love NFCU, it grew very quickly (1k to 25k in 3 months) and I have nothing but great things to say about them overall. Either way, best of luck.

Re: NFCU Cash Rewards declined... super sad face

AverageJoesCredit — Sat, 28 Jan 2017 17:18:38 GMT

Weird to see a Navy denial for a profile that seems a bit better off than ones that have more problems that get massive approvals. Reminds me of the people with superb credit getting rejected for blispay. Hope it works out for ya one day Op

topic Re: NFCU Cash Rewards declined... *super sad face* in Credit Card Applications

NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

Re: NFCU Cash Rewards declined... *super sad face*

topic Re: NFCU Cash Rewards declined... super sad face in Credit Card Applications

NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face

Re: NFCU Cash Rewards declined... super sad face