topic Is NFCU becoming more strict with cli ? in Credit Card Applications

Is NFCU becoming more strict with cli ?

kugel — Sun, 05 Mar 2017 05:30:16 GMT

I was declined for a CLI on nfcu my account is open 6 months now after 90 days I went from $500 to 15k but I was hoping to get approved today after the AR ,
it went to review and I called and they said I should hold on to get a decision and they came back saying declined and a letter will be sent
I guess nfcu is becoming more strict sounds like maybe because of so many ppl joining lately

Re: Is NFCU becoming more strict with cli ?

kugel — Sun, 05 Mar 2017 05:31:08 GMT

Sounds like things are changing there

Re: Is NFCU becoming more strict with cli ?

recoverysauce — Sun, 05 Mar 2017 05:39:55 GMT

You now have to wait 6 months in between CLI, after you just got one.

Re: Is NFCU becoming more strict with cli ?

austinguy907 — Sun, 05 Mar 2017 05:44:21 GMT

I know from what's posted around here for NFCU that they're generous with lending but, why isn't going from $500 to $15000 enough? That's 30X what you started at and beats the hell out of taking the slow road to redemption with other lenders that would only give you $500 a pop for a CLI normally. Sometimes it's fun to press your luck but, sometimes it's better to think about the bigger picture and not press your luck when they're being generous already.

Re: Is NFCU becoming more strict with cli ?

oldman425 — Sun, 05 Mar 2017 06:16:44 GMT

$15K is nice, I'm just sitting here with my $1K waiting for my 90 days to pass.

Re: Is NFCU becoming more strict with cli ?

Anonymous — Sun, 05 Mar 2017 06:33:53 GMT

NFCU strict? Show me any other lender that gives a CLI from 500 to $15,000 in 90 days. They have implemented time limits, in addition to the 90 days before CLI its now 6 months between CLI's. That is pretty standard for most lenders. Looking back to a little over a year ago my wifes account went from 500 to 6,500 to 10,000 in 90 days. Now that would take 9 months so I suppose it is more strict but less strict than any other lender I am aware of. Got a nice CLI for myself and my wife this morning, I went from 10k to 18k and my wife from 10k to 22k. I am not going to complain about that.

Re: Is NFCU becoming more strict with cli ?

Aduke1122 — Sun, 05 Mar 2017 06:42:37 GMT

We tried to tell you the other time you posted a few days ago that you have to wait 6 mths between CLI now .. 15k is an amazing CL to have in just a short amount of time.. hang tight and you will get there

Re: Is NFCU becoming more strict with cli ?

Creditplz — Sun, 05 Mar 2017 08:21:17 GMT

They gave my brother with only 1 AU account Reporting 4.6k.. no prior history. I don't think any other lender would have approved him for 1k but navy almost gave him a VS!

They still seem generous to me

Re: Is NFCU becoming more strict with cli ?

DeeBee78 — Sun, 05 Mar 2017 08:45:45 GMT

@kugel wrote:
Sounds like things are changing there

To me it sounds like you ignored everyone while told you to wait 6 months after your previous CLI

Re: Is NFCU becoming more strict with cli ?

kugel — Sun, 05 Mar 2017 11:32:59 GMT

I know I guess it's my fault 😞But let's see what the letter will say
So now I need to start a new 6 month sycle or i I can try in 2 months wen it's going to be 6 months from last cli

Re: Is NFCU becoming more strict with cli ?

JustcallmeTM — Sun, 05 Mar 2017 12:48:27 GMT

Not to sound mean but any person would know if they read the pages that this 6 month CLI has been in place since around Fall of last year. I knew about this rule way before people caught on but sometimes posting on here isn't worth it if people are going to ignore the information, sometimes the best way to learn is let people fall on there face.

It's one of those things people say there is a 6 month rule in place but some will always test that theory out to see the truth, but get mad when they get the same outcome and then post about it. Cant complain if one goes from 500-14k or 1k to 17.5k. That's the type of stuff thats annoying about this forum. Sometimes you have to take that L and move on. Anytime someone hit that CLI with NFCU just have that thought that they will HP you and be happy when they don't.

NFCU is easy to get increases when you first start, it becomes more difficult once you reach the 20K mark to get to that 25k+ level. It only took 2 CLI for both my card to reach 22k and 24k but it's been stuck there for about 6 months. Thats the average time to go from a low limit to a 20k limit 2 CLI if your profile supports it, my wife files isnt completely clean so she has had more of a issue getting past 14k at the moment but she did open her's in 2015, but if your in a hurry like I was in 2014 and smashing that button then I hope you dont mind the extra 6-7 HP on your EQ or TU. This is from experience with my 2 CC, my wife 2 CC, my 2 family members with 2 also and 2 friends who has 2 CC also, we all have different profiles. We all got the initial increase into the high CL, but its been almost 6-12 months for any of us to try to cap it off at 25k and one of my friends has over 800 across the board with zero CC debt just his mortgage and auto loan.

Re: Is NFCU becoming more strict with cli ?

JustcallmeTM — Sun, 05 Mar 2017 11:58:08 GMT

@kugel wrote:
I know I guess it's my fault 😞But let's see what the letter will say
So now I need to start a new 6 month sycle or i I can try in 2 months wen it's going to be 6 months from last cli

When was your last increase? if it was last AR then you have a better shot the next following AR, than you had with this one. They dont reset it or anything they are more like Cap One with the profile has recently changed.

Re: Is NFCU becoming more strict with cli ?

kugel — Sun, 05 Mar 2017 13:58:19 GMT

Justcallme My last increase was in nov went from $500 to 15k
I just checked my equifax no pull from yesterday I am sure they pulled something because i was in hold on the phone for a decision is it possible they pulled transunion? I always new they pull equifax for CLI
Even If they did pull anything does It still not reset the 6 months?

Re: Is NFCU becoming more strict with cli ?

recoverysauce — Sun, 05 Mar 2017 14:18:24 GMT

Here is my best answer for you. Wait for the September AR to take place before requesting CLI again.

Re: Is NFCU becoming more strict with cli ?

kugel — Sun, 05 Mar 2017 14:48:46 GMT

Really over a year ?

Re: Is NFCU becoming more strict with cli ?

Anonymous — Sun, 05 Mar 2017 14:53:56 GMT

@kugel wrote:
Really over a year ?

That's 6 months from now.

Re: Is NFCU becoming more strict with cli ?

JustcallmeTM — Sun, 05 Mar 2017 15:12:04 GMT

@kugel wrote:
Justcallme My last increase was in nov went from $500 to 15k
I just checked my equifax no pull from yesterday I am sure they pulled something because i was in hold on the phone for a decision is it possible they pulled transunion? I always new they pull equifax for CLI
Even If they did pull anything does It still not reset the 6 months?

If you got the increase in November and I went through the exact same thing a CLI in Nov myself last year followed by no CLI next AR and a HP so I would wait until the next following AR. I tend to keep the 6 month thing as a key point. That's just from going from 2-3 on my EQ in 2014 to having just about 15-16 from NFCU alone in a 2 year period trying every AR and hoping for the best. I learned that once your in take a 6 month approach unless you have no care for HP going forward with NFCU.

Yes, they do pull TU so check on that also. In my years with them, I myself have never been pulled by NFCU via TU except for the mortgage I was attempting with them. My wife has been hit on her reports on TU and EQ, her first CC was EQ, her 2nd was TU, her LOC was EQ and her personal loan was EQ. Her CLI have come via both EQ and TU pulls also along with the SP CLI.

Even if it does pull it doesn't reset at all, the recent change to account is the same Cap One/Citi language I get if I attempt before 6 months. The only thing is they still have a tendency (people have received HP to get that response, I never received a HP when I got that same response) to pull if you still attempt while Cap One and Citi wont HP you.

Re: Is NFCU becoming more strict with cli ?

Anonymous — Mon, 06 Mar 2017 05:51:08 GMT

So please don't take my comments the wrong way, based on the limited information I know about you, my assumptions can only paint the picture. Starting out with a credit limit of $500 is a strong indicator of the portfolio you currently hold (especially for NF). Getting an increase to 15K is pretty darn good coming from $500. I'm not a lender and never worked in that capacity before, but I can make an assumption that in order to go north of that amount, one needs to justify that. Requesting another CLI within that short window has to be supported by tangible documents (ie..large purchases followed by full payoff) and an annual income that supports it. From a lenders perspective, without that, you look high risk and desperate. I've been with NF for about 11 months and only have the NF platinum. When I applied I called in and explained what I was looking for and why I wanted it, but I had a plan. My starting limit was 25K. I used the card pretty regularly and about 3 months ago I wanted an increase, not because I needed it, but because I planned on buying a house and wanted my utilization ratio to be top notch. I first messaged NF through my account and uploaded my annual income expressing my interest in an increase for my account. After responding back and forth through a few messages, I waited a few days and hit the button. I immediately made a call in person and explained my position and verified that they had all of my supporting documents. Within 24 hours I received a personal phone call and my limit was increased to 50K. I was even offered the opportunity in the future to transfer my account to the Flagship card because an increase beyond 50K wasn't possible on the current card I have. Now to be clear, I'm an average joe that makes a respectable income and my point is you need to justify your reasoning once you reach a certain point. So the 6 month rule is likely not relevant the higher you get.

Re: Is NFCU becoming more strict with cli ?

Aduke1122 — Mon, 06 Mar 2017 06:23:17 GMT

Great advice Mwlwow1😊

Re: Is NFCU becoming more strict with cli ?

Anonymous — Tue, 07 Mar 2017 03:54:29 GMT

Agreeing with other posters...
If one goes from $500 to $15k

You might think that 6-12 reporting cycles wouldn't be much to ask, in terms of just putting in some HISTORY.
We've gone to La La Land in terms of EXPECTATIONS

Seriously, a $500 SL generally speaks volumes of where a profile is and in what league it belongs in.

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