topic Re: NFCU 3 Month CLI Request Message in Credit Card Applications

NFCU 3 Month CLI Request Message

Anonymous — Sun, 29 Jan 2017 05:25:21 GMT

I've had NFCU since 10/7/16 I've seen many posts say that 3 months is when you should request a CLI with them especially IF you check your EQ report and see a recent AR NFCU Inquiry.

So first I went to check EQ and sure enough on 1/07/16 it showed an AR NFCU Inquiry. After seeing this I headed to NFCU and clicked the LUV button. Total monthly income is $4,350. A lot of posts have said to request $25,000 and they will come down whatever amount they see fit. So that's what I did I entered $25k as the requested amount which seems ridiculous because I'd be happy with an increase just from my current 1k limit to even a 2k limit.

I got a message saying this will be reviewed and I should receive a response within 24 hours is this good or bad? I've only read people either get an instant approval or 3-5 day message.

Re: NFCU 3 Month CLI Request Message

Anonymous — Sun, 29 Jan 2017 06:12:35 GMT

@Anonymous wrote:
I've had NFCU since 10/7/16 I've seen many posts say that 3 months is when you should request a CLI with them especially IF you check your EQ report and see a recent AR NFCU Inquiry.

So first I went to check EQ and sure enough on 1/07/16 it showed an AR NFCU Inquiry. After seeing this I headed to NFCU and clicked the LUV button. Total monthly income is $4,350. A lot of posts have said to request $25,000 and they will come down whatever amount they see fit. So that's what I did I entered $25k as the requested amount which seems ridiculous because I'd be happy with an increase just from my current 1k limit to even a 2k limit.

I got a message saying this will be reviewed and I should receive a response within 24 hours is this good or bad? I've only read people either get an instant approval or 3-5 day message.

This is not the ideal outcome - it indicates you will receive a hard pull and a human underwriter will be reviewing your application. It by no means indicates you will be declined, simply that you are going for manual review.

If it doesn't go well and you decide to try again at the next AR (which will happen the first week of March), don't manually enter $25k, instead just click the Max button and let them tell you how much you qualify for.

Good Luck!

Re: NFCU 3 Month CLI Request Message

Anonymous — Sun, 29 Jan 2017 06:17:01 GMT

Ugh that's not what I wanted at all I really just wanted a SP and if they approve it good if not I'll survive I've had like 10 HP's in the last year they hurt!

Hmm I wonder why all these posts recommend entering 25k manually? I thought that was the norm so that's why I did it. Like you enter 25k and they say well we will give you 5k you know?

Re: NFCU 3 Month CLI Request Message

Anonymous — Sun, 29 Jan 2017 06:22:28 GMT

@Anonymous wrote:
Ugh that's not what I wanted at all I really just wanted a SP and if they approve it good if not I'll survive I've had like 10 HP's in the last year they hurt!

Hmm I wonder why all these posts recommend entering 25k manually? I thought that was the norm so that's why I did it. Like you enter 25k and they say well we will give you 5k you know?

Most of those posts were from before the max button existed

I wouldn't sweat it, what's done is done - they'll review, and likely counter with what they're willing to give you

And if the answer is zero, just chill until either the March or May AR, and try again - I can tell you from what I've noticed (and personally experienced) it's not uncommon to go to manual review the first time you ask, then sail through a SP increase on the next AR.

Good Luck!

Re: NFCU 3 Month CLI Request Message

Anonymous — Sun, 29 Jan 2017 06:57:09 GMT

Yeah I guess

I just hope they don't think I'm trying to get a bunch of credit way exceeding my means by asking for 25k you know?

And the HP just came through:

NFCU/VISA

New Credit Inquiry Added
Between January 27, 2017 and January 28, 2017, an inquiry made by NFCU/VISA was added to your credit report.

And the worst thing happened too they pulled my TU report instead of my EQ I planned on EQ because EQ is my strongest at 672 but TU is at 664 which isn't a huge differences but past 670 in FICO scoring crosses from "Fair" to "Good"

Re: NFCU 3 Month CLI Request Message

UncleB — Sun, 29 Jan 2017 10:34:05 GMT

Don't be too concerned about entering $25k instead of using the new 'max' button... I have a feeling using 'max' actually just enters a high figure on the back-end systems, anyway.

I used the 'max' button for my own CLI request back in September (my first time requesting a CLI with them) and it also immediately went to review. They did a HP, and made my new credit line $20k (which is actually what I wanted). I was a bit surprised a few days later to get a letter in the mail stating that they were unable to grant my request as submitted, but were offering to make my CL $20k instead and to call if I wanted to reject this (keep in mind I didn't enter an amount - I used the 'max' button).

I'll also add that I did my request on a Sunday, and didn't see the increase until late in the day on Tuesday, which is longer than it takes for most people (I had already decided it was denied). So if you don't see an increase on your dashboard right away don't fear the worse... they just sometimes take a little longer than usual.

Good luck!

Re: NFCU 3 Month CLI Request Message

Anonymous — Sun, 29 Jan 2017 11:06:22 GMT

OP I wouldn't worry too much. NFCU is a great partner and you will see amazing growth in the CL over time. One HP isnt going to be the end of the world. If they say no just wait a few months and then request again shortly after the AR. We have seen great growth with our NFCU accounts even when other banks have given modest CLI or none at all. Time between HP's is important so if you are going to go for the CLOC you might as well go for it now, it will result in another HP but I found grouping my inquires and then gardening is a good way to go. Not an expert but its worked for me and the NFCU CLOC is awesome to have available.

Re: NFCU 3 Month CLI Request Message

UpInSmoke — Sun, 29 Jan 2017 14:49:32 GMT

I'm curious. How do you check to see that your account has been reviewed by NFCU or anyone else?

OP, I keep my accounts frozen exactly for this reason. If I can't get a SP CLI during a time when I'm protecting my CRs from inquiries, I'll pass. That's just me. Good luck! It'll be fine. Like the workingfor850 said, NFCU is a great partner.

Re: NFCU 3 Month CLI Request Message

Anonymous — Sun, 29 Jan 2017 15:01:59 GMT

Fthomasjr - You can pull your free annual credit report and under the inquiries section there will be a sub-section saying promotional inquiries it will show creditors and dates they SP'd your report.

Thanks for the advice guys I'll let you know how it turns out! I don't mind waiting I just figured why not give it a shot if it's only a SP.

Re: NFCU 3 Month CLI Request Message

fltireguy — Sun, 29 Jan 2017 17:24:34 GMT

Matt - also remember one thing. You are mentioning your FICO8 scores. That's irrelevant - NFCU uses an older model apparently, so the score they are using could be WAY different from what you are thinking.

Also, always use the max feature. For example, maybe the system thinks you would be ok with $14k. If you hit max, you will apparently get the highest limit that the system thinks you should get, if it thinks you are eligible for a CLI. When you requested $25k, I'm pretty sure that the request was over whatever amount that would have been, and now you will get a manual review, and quite possibly a denial.

Re: NFCU 3 Month CLI Request Message

fltireguy — Sun, 29 Jan 2017 17:25:49 GMT

Re: NFCU 3 Month CLI Request Message

Anonymous — Sun, 29 Jan 2017 17:47:10 GMT

Fltireguy - You don't think I regret not hitting max? But posts I read ALL said enter 25k so I did.

What's their scoring model?

Re: NFCU 3 Month CLI Request Message

fltireguy — Sun, 29 Jan 2017 17:54:10 GMT

Not sure -Could be FICO04, but it could also be an internal scoring system

Re: NFCU 3 Month CLI Request Message

Anonymous — Sun, 29 Jan 2017 18:22:43 GMT

I'm pretty sure that NFCU uses their own scoring model. The "price you pay for credit" letter I got for my CC only went up to 750 and the CLOC one went to 818 max. None matched any model for the score they gave me.

Re: NFCU 3 Month CLI Request Message

UncleB — Sun, 29 Jan 2017 18:47:04 GMT

@Anonymous wrote:
Fltireguy - You don't think I regret not hitting max? But posts I read ALL said enter 25k so I did.

What's their scoring model?

Opinions on here are like belly buttons... we all have one, and they are just that - opinions. As far as I know nobody here is a current employee of NFCU. In my opinion, I still say you're likely no worse off then you would have been had you used the 'max' button.

Also, it's not over 'till the fat lady sings... like I said earlier, I used the 'max' button and still got a HP and still went to review, so it's very much YMMV. In my case I got a CLI, but even if you don't you'll have a better idea of where you stand (and you won't have to wonder about it).

In any case there's no point in regetting anything now... you should know something soon.

Good luck!

Re: NFCU 3 Month CLI Request Message

Anonymous — Mon, 30 Jan 2017 01:49:54 GMT

Update - So I haven't received a response from NFCU yet but I logged in and went to my card's page and something crazy happened.

Credit Limit
$1,000.00
Available Credit
$13,500.00
Last Statement Balance
Ending 01/23/2017 $0.00

It says my credit limit is $1,000 but Available Credit is $13,500 what happened?!?!?! I don't understand this can someone help.

Re: NFCU 3 Month CLI Request Message

Anonymous — Mon, 30 Jan 2017 01:59:04 GMT

@Anonymous wrote:
Update - So I haven't received a response from NFCU yet but I logged in and went to my card's page and something crazy happened.

Credit Limit
$1,000.00
Available Credit
$13,500.00
Last Statement Balance
Ending 01/23/2017 $0.00

It says my credit limit is $1,000 but Available Credit is $13,500 what happened?!?!?! I don't understand this can someone help.

You probably got the increase. If so, woot! For me, every time I have any sort of account change with navy, it never shows up completely right until after the midnight update.

Re: NFCU 3 Month CLI Request Message

UncleB — Mon, 30 Jan 2017 02:03:48 GMT

@Anonymous wrote:
Update - So I haven't received a response from NFCU yet but I logged in and went to my card's page and something crazy happened.

Credit Limit
$1,000.00
Available Credit
$13,500.00
Last Statement Balance
Ending 01/23/2017 $0.00

It says my credit limit is $1,000 but Available Credit is $13,500 what happened?!?!?! I don't understand this can someone help.

Looks to me like you got a CLI... congrats!

(See... just like I said; it turned out OK!)

Re: NFCU 3 Month CLI Request Message

Anonymous — Mon, 30 Jan 2017 02:39:51 GMT

NICE!!

That's a good CLI, HP or no

Re: NFCU 3 Month CLI Request Message

fltireguy — Mon, 30 Jan 2017 02:51:07 GMT

Congrats!