topic Re: NASA FCU Pre-qualification in Credit Card Applications

NASA FCU Pre-qualification

arifjk — Wed, 29 Jun 2022 21:18:54 GMT

Hello All,

In the past, when I did check the rate on CC website for NASA FCU, it never gave me any pre-qualification data. This time around it gave me a pre-qualification offers. What I wanted to know how reliable this information is. Hope anyone of you have some info or experience.

Thanks.

Re: NASA FCU Pre-qualification

Jnbmom — Wed, 29 Jun 2022 22:50:23 GMT

@arifjk wrote:
Hello All,

In the past, when I did check the rate on CC website for NASA FCU, it never gave me any pre-qualification data. This time around it gave me a pre-qualification offers. What I wanted to know how reliable this information is. Hope anyone of you have some info or experience.

Thanks.

This is just my experience, their preapprovals are not always approved .Both hubby and I have been prespproved a few times . We applied and were denied .

Re: NASA FCU Pre-qualification

DSTMystique — Thu, 30 Jun 2022 10:07:06 GMT

I was recently pre-approved as well and was subsequently denied. Not sure what their deal is...

Re: NASA FCU Pre-qualification

coldfusion — Thu, 30 Jun 2022 14:04:51 GMT

@DSTMystique wrote:
I was recently pre-approved as well and was subsequently denied. Not sure what their deal is...

Prequalifiers don't necessarily evaluate every meaningful criteria used to make a credit decision, and different vendor prequalifiers have different degrees of accuracy. Being prequalified really never guarantees approval even with issuers like American Express or Chase, and on the other hand a failure to prequalify doesn't predestine you for a denial if you choose to apply anyway.

Emperically, someone that for example already has significant (tossing out roughly $300K) unsecured credit across other issuers probably isn't going to be in NASA's preferred demographic but without having intimate knowledge of your credit profile it's impossible to guess what in your case their issue would have been.

Re: NASA FCU Pre-qualification

practical1 — Sun, 03 Jul 2022 20:42:37 GMT

Hello All,

I had a particularly nasty experience with these folks last November, which I'll share for the record.

As was suggested by other posters in several other threads, gave their pre-qual a try... and was offered a 20K VISA card. Decided not to proceed at that time (didn't need the HP). Was barraged with e-mails for a couple of weeks, then finally relented and was immediately approved. Had some difficulty uploading my Driver's license for ID verification and ulitmately called Customer Service -- had to email a scanned image to them and received the card via expedited service about a week later.

Everything was fine. I used the card, paid all charges immediately. Opened other accounts at the credit union and deposited funds. No issues at all.

Abruptly, all my accounts were cancelled without notice. Only learned of this when I was unable to log-on to their portal -- no one could tell me what was going on. A dozen or so calls later and I was directed to their Fraud Department who accused me of trying to open the account frauduelently -- no specific allegations mind you -- just some vague assertion of identity theft. No amount of verification of info on my credit file or offers of substantiation of any data they wished to confirm would satisfy them. I even offered to make the 5 hour drive to their office and present myself in-person.

Needless to say, I was very concerned that there might be some actual issue of which I was unaware of and required attention. They offered absolutely no useful feedback or had any interest in working with me to resolve their concerns or mine. I was polite and appropriate in every call and follow-up e-mail -- their people were not.

As far as I'm concerned, they can go straight to the "Neither Region." If my experience is in any way indicative of the way they do business, I'd avoid them. Plenty of other good credit unions out there, who respect their customers. Separately, PenFed has had no problem extending me $35K in unsecured credit at extremely favorable rates since this incident and US Bank has provided an additional $20K -- these are not institutions known to take on risky customers; consequently, I have good reason to believe that the Fraud Department at NASA had absolutely no basis for their specious assertions.

Of course, others might have had experiences totally different than mine...

Re: NASA FCU Pre-qualification

bachi607 — Fri, 08 Jul 2022 01:17:18 GMT

Hi, I am also prequalified for $10K with 672 EXP FICO8 score and I have been banking with them for last 8 months, could someone confirm whether they go with stated income or need POI? also did they ever give instant approval? I have chosen to Balance Transfer of 7K while applying pre-qualification, I am desperate to know if they ask POI, kindly advise -Thanks

Re: NASA FCU Pre-qualification

john_m90 — Fri, 08 Jul 2022 17:36:56 GMT

I had a similar experience with this bank. I was approved for over 8 k card last year then suddenly, they closed my card and cancelled my balance transfer checks. It took them over a week to verify my employment and wage info. They said they could not verify my employment. They were using the wrong procedure to verify my employment due to the laziness for their fraud department investigators.
They finally reopened my account.

also their website and cards are really badly designed. Looks like their designers have not updated they systems since 1990.

stay away from this bank.

Re: NASA FCU Pre-qualification

bachi607 — Fri, 08 Jul 2022 17:40:41 GMT

Mine got Declined despite PreQualification says approved for $10K.. they should shut that PreQulf down.

Re: NASA FCU Pre-qualification

Anonymous — Fri, 08 Jul 2022 18:58:53 GMT

@bachi607 I keep reading similar stories. On the flip side, I've been hearing very positive things regarding the prequalification tool at Dover FCU.

Re: NASA FCU Pre-qualification

arifjk — Fri, 08 Jul 2022 19:17:09 GMT

@Anonymous wrote:
@bachi607 I keep reading similar stories. On the flip side, I've been hearing very positive things regarding the prequalification tool at Dover FCU.

Oh Great then. But it looks like Dover application approval process is quite long and tenuous.

Re: NASA FCU Pre-qualification

bachi607 — Fri, 08 Jul 2022 19:18:16 GMT

Thank you but I am moving to new employer in 2 weeks with which i will now get 70% more pay than current employer, wondering can I submit offer letter supporting stated income along with current paystubs, also what are approval chances if the EXP FICO 8 is 672 with 4 recent IQ n 6 IQ from last year Oct'21 ? Thanks

Re: NASA FCU Pre-qualification

bachi607 — Fri, 08 Jul 2022 19:19:58 GMT

Thank you, I dont mind if they conditionally approve and take time to process and verify, ao anyone across country can join dover FCU? Thanks

Re: NASA FCU Pre-qualification

Anonymous — Fri, 08 Jul 2022 19:28:22 GMT

@bachi607 Yes, anyone can join. And I'm reading a lot of positive feedback from MyFICO users regarding their prequalification tool. I'm thinking about joining myself.

Re: NASA FCU Pre-qualification

bachi607 — Fri, 08 Jul 2022 19:33:30 GMT

Great Wish you good luck!!

I pulled nasa trigger last night as I have banking relationship with them but they still Declined though preQal says $10K approved, 2nd time in 1yr it got declined!!!

Re: NASA FCU Pre-qualification

bachi607 — Fri, 08 Jul 2022 19:40:44 GMT

I just checked my PreQul with Dover, No luck i guess, it says

"Thank you for checking your offers! A member of our team will be out to get you shortly to review this inquiry with you."

Re: NASA FCU Pre-qualification

Janneman — Sat, 09 Jul 2022 01:42:22 GMT

7 months ago i got approved for $10k limit cc wid them...a week later i received a letter that my account closed down because of fraud...i immediately called them but nobody is willing to talk wid me...very hardly i was able to talk to their fraud dept who said that my employment doesn't even exist...i provided them paystubs, bank statements, w-2s and tax transcripts, but still they said that i did fraud.. I work for a big electricity company but they were kept saying that company doesn't even exist...and that i defrauded them by giving everything wrong and fake. They didn't listen nor verify anything..and a/c remains closed since then.

Re: NASA FCU Pre-qualification

practical1 — Sun, 10 Jul 2022 04:50:18 GMT

@john_m90

@Janneman

I thought it was just me... but when a number of people report similar-sounding experiences, that confirms a pattern.

There is clearly, something seriously wrong with this credit union.

I reiterate my prior counsel -- stick with known, reputable players, like PenFed and others reccommended by myFico members!

Re: NASA FCU Pre-qualification

Janneman — Wed, 20 Jul 2022 23:03:47 GMT

A lots of people said that they were denied despite of being approved on prequalification, but not many mentioned of what exact reason they were denied for....

Re: NASA FCU Pre-qualification

Jnbmom — Wed, 20 Jul 2022 23:11:21 GMT

@Janneman wrote:
A lots of people said that they were denied despite of being approved on prequalification, but not many mentioned of what exact reason they were denied for....

I have prequalified twice as was hubby , denied . Their reason too much available credit. Not gonna get me a third time 🙄There are far more denials after pre qualification then approvals with this CU.

Re: NASA FCU Pre-qualification

coldfusion — Thu, 21 Jul 2022 02:57:41 GMT