topic Re: Why does NFCU hate me? in Credit Card Applications

Why does NFCU hate me?

ulyssesmama — Wed, 29 Mar 2017 07:53:44 GMT

Ok so...I give up! Back in November NFCU told me through secure message (after I tried to recon a denial) that the reason they didn't approve me was because my bankruptcy discharge wasn't a year old yet. They offered me a secured card but I didn't take it because I thought I would wait until my year discharge anniversary (which is this month) and try again. Well, my credit union offered me a card so since I had to allow a hard pull for that, I thought I'd try NFCu again. Well, it was a Friday afternoon so I got the "we'll contact you in 24 hrs message" ) but I didn't get an answer until Monday afternoon. When the email sent me to another secured message I already knew I was toast but I checked anyway and sure enough it was another denial but without any explanation this time. I haven't received the paper version yet. I have read so many people say that they have been approved with a lot worse profile than mine so I don't get it. I thought about trying another recon but I don't think it will help. I would love to know what you guys think is the problem.

So, here is my info (or my shame😏): chapter 13 2011(D.C. 2016) which is my only baddie still showing, inquiries 17 (I know, I know 😔), utilization 34% ( it will go down next month bcs I have paid off all of my store cards (yay! I'm keeping them for the utilization % and perks). After I apped for the mobile infirmary credit union (local cu) card I apped for NFCU. I then apped and was approved for Belk card (ironic that the following Monday they sent me a preapproval letter), then I tried for Ally card (under review), stein mart (under review-most likely denial) and new horizons credit union (local cu under review) and Dillards (under review, I didn't expect an approval but I HAD to try😒). I fully expect to get a bunch of denial letters next week. I apped for these because I figured I'd try for these since I'd already taken the hp hit and these are the ones I most want. I understand I have to go live in the garden for at least 6 months now.

I would love feedback.

FICO scores 626 Experian (from Experian site), 648 Equifax (myfico site), 606 Transunion (Discover, Barclay card). Credit Karma 652 Transunion, 664 Equifax.
Capital one platinum $3000, Discover $2500, Barclay $1300, Credit one $500, Sony $500, Indigo $300, buypowercard $300, Applied bank secured $300, Walmart $500, Kohl's $500, HSN $1000 (shopping cart trick), Victoria secret (SCT) $300, Overstock.com $250 (SCT), Paypal credit $400
I think these are good considering I had filled chapter 13 in Nov 2011.

FICO March 28 2017 TU 659, EQ 641, EX 645

New CLs walmart $1000, HSN $1200, buypowercard $500, VS $450, Overstock $450, Mobile infirmary credit union $500, Belk $400, old navy $300

Re: Why does NFCU hate me?

Anonymous — Wed, 29 Mar 2017 08:31:42 GMT

Take the secured card. I had a similar experience took the secured card and then within a couple of months they gave me a unsecured card at 5k and CLOC at 15K. The unsecured card is now at 18k and the secured card graduated late last year and was raised to 2k. Get your foot in the door and than worry about getting unsecured credit.

Re: Why does NFCU hate me?

Anonymous — Wed, 29 Mar 2017 08:32:52 GMT

Also understand that they use Transunion for the approval of credit cards so your other scores don't really help you .

Re: Why does NFCU hate me?

ulyssesmama — Wed, 29 Mar 2017 09:07:29 GMT

Oh wow! Ok thanks! I will!

Re: Why does NFCU hate me?

steelers1 — Wed, 29 Mar 2017 11:31:15 GMT

@ulyssesmama wrote:
Ok so...I give up! Back in November NFCU told me through secure message (after I tried to recon a denial) that the reason they didn't approve me was because my bankruptcy discharge wasn't a year old yet. They offered me a secured card but I didn't take it because I thought I would wait until my year discharge anniversary (which is this month) and try again. Well, my credit union offered me a card so since I had to allow a hard pull for that, I thought I'd try NFCu again. Well, it was a Friday afternoon so I got the "we'll contact you in 24 hrs message" ) but I didn't get an answer until Monday afternoon. When the email sent me to another secured message I already knew I was toast but I checked anyway and sure enough it was another denial but without any explanation this time. I haven't received the paper version yet. I have read so many people say that they have been approved with a lot worse profile than mine so I don't get it. I thought about trying another recon but I don't think it will help. I would love to know what you guys think is the problem.
So, here is my info (or my shame😏): chapter 13 2011(D.C. 2016) which is my only baddie still showing, inquiries 17 (I know, I know 😔), utilization 34% ( it will go down next month bcs I have paid off all of my store cards (yay! I'm keeping them for the utilization % and perks). After I apped for the mobile infirmary credit union (local cu) card I apped for NFCU. I then apped and was approved for Belk card (ironic that the following Monday they sent me a preapproval letter), then I tried for Ally card (under review), stein mart (under review-most likely denial) and new horizons credit union (local cu under review) and Dillards (under review, I didn't expect an approval but I HAD to try😒). I fully expect to get a bunch of denial letters next week. I apped for these because I figured I'd try for these since I'd already taken the hp hit and these are the ones I most want. I understand I have to go live in the garden for at least 6 months now.
I would love feedback.
FICO scores 626 Experian (from Experian site), 648 Equifax (myfico site), 606 Transunion (Discover, Barclay card). Credit Karma 652 Transunion, 664 Equifax.
Capital one platinum $3000, Discover $2500, Barclay $1300, Credit one $500, Sony $500, Indigo $300, buypowercard $300, Applied bank secured $300, Walmart $500, Kohl's $500, HSN $1000 (shopping cart trick), Victoria secret (SCT) $300, Overstock.com $250 (SCT), Paypal credit $400
I think these are good considering I had filled chapter 13 in Nov 2011.
FICO March 28 2017 TU 659, EQ 641, EX 645
New CLs walmart $1000, HSN $1200, buypowercard $500, VS $450, Overstock $450, Mobile infirmary credit union $500, Belk $400, old navy $300

You answered your own question (except they don't hate you)

Your BK was just discharged in 2016 thats pretty recent.

17 inquiries is ALOT

34% utilization is VERY HIGH considering your recent discharge.

Pay down your debt and don't apply for ANYTHING (except secured NFCU card) for at least 6 months and try again.

In the meantime get a secured card from NFCU and build history with them.

Good luck!

Re: Why does NFCU hate me?

ulyssesmama — Wed, 29 Mar 2017 11:38:52 GMT

Ok thx! That's my new plan

Re: Why does NFCU hate me?

Anonymous — Wed, 29 Mar 2017 12:43:56 GMT

@ulyssesmama wrote:
Ok so...I give up! Back in November NFCU told me through secure message (after I tried to recon a denial) that the reason they didn't approve me was because my bankruptcy discharge wasn't a year old yet. They offered me a secured card but I didn't take it because I thought I would wait until my year discharge anniversary (which is this month) and try again. Well, my credit union offered me a card so since I had to allow a hard pull for that, I thought I'd try NFCu again. Well, it was a Friday afternoon so I got the "we'll contact you in 24 hrs message" ) but I didn't get an answer until Monday afternoon. When the email sent me to another secured message I already knew I was toast but I checked anyway and sure enough it was another denial but without any explanation this time. I haven't received the paper version yet. I have read so many people say that they have been approved with a lot worse profile than mine so I don't get it. I thought about trying another recon but I don't think it will help. I would love to know what you guys think is the problem.
So, here is my info (or my shame😏): chapter 13 2011(D.C. 2016) which is my only baddie still showing, inquiries 17 (I know, I know 😔), utilization 34% ( it will go down next month bcs I have paid off all of my store cards (yay! I'm keeping them for the utilization % and perks). After I apped for the mobile infirmary credit union (local cu) card I apped for NFCU. I then apped and was approved for Belk card (ironic that the following Monday they sent me a preapproval letter), then I tried for Ally card (under review), stein mart (under review-most likely denial) and new horizons credit union (local cu under review) and Dillards (under review, I didn't expect an approval but I HAD to try😒). I fully expect to get a bunch of denial letters next week. I apped for these because I figured I'd try for these since I'd already taken the hp hit and these are the ones I most want. I understand I have to go live in the garden for at least 6 months now.
I would love feedback.
FICO scores 626 Experian (from Experian site), 648 Equifax (myfico site), 606 Transunion (Discover, Barclay card). Credit Karma 652 Transunion, 664 Equifax.
Capital one platinum $3000, Discover $2500, Barclay $1300, Credit one $500, Sony $500, Indigo $300, buypowercard $300, Applied bank secured $300, Walmart $500, Kohl's $500, HSN $1000 (shopping cart trick), Victoria secret (SCT) $300, Overstock.com $250 (SCT), Paypal credit $400
I think these are good considering I had filled chapter 13 in Nov 2011.
FICO March 28 2017 TU 659, EQ 641, EX 645
New CLs walmart $1000, HSN $1200, buypowercard $500, VS $450, Overstock $450, Mobile infirmary credit union $500, Belk $400, old navy $300

Also i want to point out since u applied for nfcu , you also submitted a couple other applications to other institutions and they look at the as credit seeking, that paired with the recent discharge is not a good look for the credit analysts, you should pay off your balances and get to below 8% utilization and maybe hit the garden for a year or 2 let the inquirys fall off , remeber its not a race is a marathon, if you do that you will certainly be approved. best of luck!

Re: Why does NFCU hate me?

ulyssesmama — Wed, 29 Mar 2017 13:08:59 GMT

Thank you for your comment! I appreciate it.

Re: Why does NFCU hate me?

TXinandout — Wed, 29 Mar 2017 13:16:58 GMT

I think is your utilization, I'm sure once you get it under 10%, they will approve you.

Re: Why does NFCU hate me?

ulyssesmama — Wed, 29 Mar 2017 14:17:51 GMT

Ok thx!

Re: Why does NFCU hate me?

Blackswizz750 — Wed, 29 Mar 2017 15:15:11 GMT

OP, I would take the secured card. As far as a lender, they are cool to deal with and dont thumb their nose at you. It will secure and possibly to a nice 5K amount. They do want long term customers so its a foot in the door.

Re: Why does NFCU hate me?

ulyssesmama — Wed, 29 Mar 2017 16:58:30 GMT

Yes, I've decided to do that now. I've gotten some great advice and I appreciate it! Thx!

Re: Why does NFCU hate me?

Aduke1122 — Wed, 29 Mar 2017 17:48:01 GMT

They hate me too Op not in the same situation as you but I have never had Bk and they approved me for a 500 SL Cash rewards cc last summer and since then my reports are clean and my scores have risen ALOT and they won't give me a 1 dollar CLI , sorry Op I would prolly take the secured too if it were me

Re: Why does NFCU hate me?

AverageJoesCredit — Wed, 29 Mar 2017 18:39:19 GMT

No hate op, just the ship is full and have to wait for next one

Aduke , i feel ya. The $500 stare's ya in the face sometimes and when you see all the fun the other kids are having in the sandbox, makes you want to join in. Just that we havent gotten invited yet. Itll happen, and if not, there will always be one lender who will work well with ya

Re: Why does NFCU hate me?

Aduke1122 — Wed, 29 Mar 2017 18:50:10 GMT

Thanks for the encouragement AJC I know you will see it soon I'm sure ..I will be the last lonely kid standing by the fence all alone with big ole crocodile tears 😭

Re: Why does NFCU hate me?

ulyssesmama — Wed, 29 Mar 2017 20:15:55 GMT

Thanks guys! I'll take the secured option. 😐

Re: Why does NFCU hate me?

Anonymous — Thu, 30 Mar 2017 22:23:58 GMT

Great advice in this thread! Good luck, OP. You are really rocking.!I didn't apply for a card for five years after my Chapter 13. Hope that puts your situation in a different perspective.

Re: Why does NFCU hate me?

AverageJoesCredit — Thu, 30 Mar 2017 23:26:51 GMT

No cards for EIGHT years post bk7! Didnt know i couldThought you had to wait 10 years lol to even get credit again