topic Re: NFCU 91/3 DENIAL in Credit Card Applications

NFCU 91/3 DENIAL

Anonymous — Fri, 06 Dec 2019 14:54:53 GMT

Hello everyone! I am so disappointed to announce that today marks my 91/3 with NFCU and I received a denial for a cli and for a 2nd cc. I have 100% payment on my credit report, my utilization is a little high 49%, and no collections. I reconned for the 2nd cc. I sent a secure message asking for them to reconsider. I am awaiting a response I was told it could take 24 hours. I have researched and not found anyone that got denied for BOTH. Its one or the other. I am really praying that they will reconsider. Do any one have any advice? Is this normal?

Re: NFCU 91/3 DENIAL

Rebuild2019 — Fri, 06 Dec 2019 15:01:04 GMT

Good Luck @Lola0628 with your recon

Re: NFCU 91/3 DENIAL

Anonymous — Fri, 06 Dec 2019 15:04:13 GMT

Good luck!

There certainly have been people that have been denied a 91 day CLI and a new card at the same point.

Your utilization is a bit high. NFCU is also big on DTI - so your other debt obligations and income come into play.

Re: NFCU 91/3 DENIAL

Anonymous — Fri, 06 Dec 2019 15:06:21 GMT

Thank you! This is my first recon ever. Have you ever had any success?

Re: NFCU 91/3 DENIAL

Anonymous — Fri, 06 Dec 2019 15:07:41 GMT

I've been researching this forum for months and have not came across a case like this. Is there a forum?

Re: NFCU 91/3 DENIAL

M_Smart007 — Fri, 06 Dec 2019 15:12:24 GMT

@Anonymous wrote:
Hello everyone! I am so disappointed to announce that today marks my 91/3 with NFCU and I received a denial for a cli and for a 2nd cc. I have 100% payment on my credit report, my utilization is a little high 49%, and no collections. I reconned for the 2nd cc. I sent a secure message asking for them to reconsider. I am awaiting a response I was told it could take 24 hours. I have researched and not found anyone that got denied for BOTH. Its one or the other. I am really praying that they will reconsider. Do any one have any advice? Is this normal?

Sorry for your denial ..I am guessing the 49% Util. spooked them(Not knowing your CB scores) .

I would work on getting that down, and try back in 6 Months. ..If that is an option?

Re: NFCU 91/3 DENIAL

Brian_Earl_Spilner — Fri, 06 Dec 2019 15:20:42 GMT

I have been denied for both multiple times in the first year. My first CLI request approval was a SP when it happened though, so that was a plus.

Re: NFCU 91/3 DENIAL

Brian_Earl_Spilner — Fri, 06 Dec 2019 15:26:24 GMT

Something to note, I made a thread about one of my denials where they showed that they were using trended data from my other accounts in making their decision. I didn't post it, but in another letter, one reason for denial was I wasn't paying down balances on my other cards fast enough.

https://ficoforums.myfico.com/t5/Credit-Card-Applications/NFCU-Denial-and-Interesting-Reasons/m-p/5578442

Re: NFCU 91/3 DENIAL

Anonymous — Fri, 06 Dec 2019 15:48:21 GMT

Hi Brian,

Thank you so much for the information. Now I don't feel like the only person in the world denied for both. It was quite disappointing. I have heard a few recon success stories so once I receive an update I will update the forum. Going forward I will work on paying down my credit cards and hope to reapply in another 3 months.

Re: NFCU 91/3 DENIAL

Anonymous — Fri, 06 Dec 2019 17:44:03 GMT

I was recently accepted for the cashRewards card and the AMEX More Rewards card three months later. At the time of my approvals, my util was over 70% only because of some closed cards (that I'm paying off with a low-interest payment plan). Util on all my open cards was very low. I got 17K on the second card (the AMEX) even though my income is low. Except for the closed card payments, I didn't have many other obligations and so my DTI wasn't bad. I think that helped too.

I don't think high util is automatically a killer, though it certainly isn't good—it depends on the kind of high util.

Re: NFCU 91/3 DENIAL

Anonymous — Fri, 06 Dec 2019 20:32:25 GMT

My recon ended up being a DENIAL! I am beyond disappointed! I was looking forward to this day for months =(

Re: NFCU 91/3 DENIAL

FinStar — Fri, 06 Dec 2019 21:11:55 GMT

Sorry to hear OP. Just give things time to breathe and you can try again when things are more optimal.

Re: NFCU 91/3 DENIAL

CreditInspired — Fri, 06 Dec 2019 23:13:26 GMT

@Anonymous wrote:
My recon ended up being a DENIAL! I am beyond disappointed! I was looking forward to this day for months =(

Can you provide us with your DPs and income?

I could be wrong, but there are so many posts on here about 91 days/3 statement cuts, that people forget it's not an approval. It's just the minimum amount of time to wait before requesting a CLI or applying for another card.

Denial could be for a number of factors. We can guide you in the right direction with more info.

Re: NFCU 91/3 DENIAL

Anonymous — Wed, 22 Jul 2020 04:05:02 GMT

I got denied too for a second NFCU Amex card. I requested a CLI increase on my other card. I received a message back stating that I have met the max line of the credit for that card but as a courtesy they increased it by $2500, which was very nice of NFCU. I wanted a second card to lower my utilization even further. I just paid off a bunch of credit card debt and went from 50% utilization to 24%. I paid off $18K on a NFCU card. Not sure why I was declined but waiting to see the denied letter...