topic NFCU turned me down :-( in Credit Card Applications

NFCU turned me down :-(

Anonymous — Sat, 06 Jun 2015 14:46:51 GMT

During my app spree several weeks ago, I'd applied for an "nRewards" Visa through Navy Federal. I got my denial letter today. Ugh. They cited the late pays on my auto loan with them, as well as the two collections I have remaining. This, also, in spite of the comment I was able to include with my app, about my currently being in active rebuild mode.

I did get approved recently for a CapOne Platinum @ $3000 CL, though, which rather mitigates this disappointment. Oh, well. Onward and upward. :-)

Re: NFCU turned me down :-(

lindel — Sat, 06 Jun 2015 16:33:28 GMT

Do you mind sharing your scores? NFCU turned me down too. I ended up getting a secured card.

Re: NFCU turned me down :-(

Anonymous — Sun, 07 Jun 2015 13:03:43 GMT

@lindel wrote:
Do you mind sharing your scores? NFCU turned me down too. I ended up getting a secured card.

About the same as below, in my siggy. Looks like we started roughly around the same place, both score-wise and time-wise.

Re: NFCU turned me down :-(

baller4life — Sun, 07 Jun 2015 13:22:16 GMT

Send them a message and plead your case. Many have been successful going that route. Explain any baddies and what you have done to improve your credit. Good luck.

Re: NFCU turned me down :-(

jbsea — Sun, 07 Jun 2015 13:30:51 GMT

How many and how long ago where your late pays with them?

Re: NFCU turned me down :-(

Anonymous — Sun, 07 Jun 2015 14:06:49 GMT

@jbsea wrote:
How many and how long ago where your late pays with them?

Four late pays: Nov 2012, Feb 2013, May 2013, Nov 2014. (May 2013 was the month I quit my highly stressful/low paying job.) Loan originated Nov 2010. I mailed a very articulate and grateful GW letter last week to ask forgiveness for late pays, but I'm not sure how much they can do, based on how the laws are written. It's my understanding that if they report at all, they must report "correct" info.

(Hmmmmm... I just noticed that November seems to be a bad month for me, financially speaking. Seasonal Affective Disorder.)

Re: NFCU turned me down :-(

jbsea — Sun, 07 Jun 2015 14:12:09 GMT

Well I would wait another year for them. Be very good with them. They will be good back but no more late pays. NFCU can be very good to you so I would treat them with the first priority....

Re: NFCU turned me down :-(

Littlewing745 — Mon, 08 Jun 2015 00:54:33 GMT

@Anonymous wrote:
@jbsea wrote:
How many and how long ago where your late pays with them?
Four late pays: Nov 2012, Feb 2013, May 2013, Nov 2014. (May 2013 was the month I quit my highly stressful/low paying job.) Loan originated Nov 2010. I mailed a very articulate and grateful GW letter last week to ask forgiveness for late pays, but I'm not sure how much they can do, based on how the laws are written. It's my understanding that if they report at all, they must report "correct" info.

(Hmmmmm... I just noticed that November seems to be a bad month for me, financially speaking. Seasonal Affective Disorder.)

Keep in mind moving forward that they *can* remove late pays; the law requires that they report late payments no longer than 7 years to your report - not that it *has* to be reported. Important distinction, which is why a goodwill letter is sometimes a great option. Don't give up!

Re: NFCU turned me down :-(

Anonymous — Mon, 08 Jun 2015 03:56:16 GMT

I got approved for a CashRewards Visa for $1000 (low I know) with a 591. My score has grown since but I haven't gotten a CLI. This account was opened in Febuary.

Re: NFCU turned me down :-(

Anonymous — Mon, 08 Jun 2015 04:34:34 GMT

@Anonymous wrote:
I got approved for a CashRewards Visa for $1000 (low I know) with a 591. My score has grown since but I haven't gotten a CLI. This account was opened in Febuary.

You should ask for a CLI. I got approved for an nRewards card last year with a SL of $500. I was just happy to have been approved since I was rebuilding my credit. I held the card in good standing for 8 months with no credit limit increase. I decided to give it a try. I asked for a CL of $2500. They countered at $12000! So if you've been good with them and are otherwise good everywhere else I'd just ask for one.

Re: NFCU turned me down :-(

Anonymous — Mon, 08 Jun 2015 05:24:25 GMT

@Littlewing745 wrote:
@Anonymous wrote:
@jbsea wrote:
How many and how long ago where your late pays with them?
Four late pays: Nov 2012, Feb 2013, May 2013, Nov 2014. (May 2013 was the month I quit my highly stressful/low paying job.) Loan originated Nov 2010. I mailed a very articulate and grateful GW letter last week to ask forgiveness for late pays, but I'm not sure how much they can do, based on how the laws are written. It's my understanding that if they report at all, they must report "correct" info.

(Hmmmmm... I just noticed that November seems to be a bad month for me, financially speaking. Seasonal Affective Disorder.)
Keep in mind moving forward that they *can* remove late pays; the law requires that they report late payments no longer than 7 years to your report - not that it *has* to be reported. Important distinction, which is why a goodwill letter is sometimes a great option. Don't give up!

Is that Plenti card in your siggy hooked with the Plenti card at the Exxon stations?

Re: NFCU turned me down :-(

Littlewing745 — Mon, 08 Jun 2015 15:46:34 GMT

@Anonymous wrote:
@Littlewing745 wrote:
@Anonymous wrote:
@jbsea wrote:
How many and how long ago where your late pays with them?
Four late pays: Nov 2012, Feb 2013, May 2013, Nov 2014. (May 2013 was the month I quit my highly stressful/low paying job.) Loan originated Nov 2010. I mailed a very articulate and grateful GW letter last week to ask forgiveness for late pays, but I'm not sure how much they can do, based on how the laws are written. It's my understanding that if they report at all, they must report "correct" info.

(Hmmmmm... I just noticed that November seems to be a bad month for me, financially speaking. Seasonal Affective Disorder.)
Keep in mind moving forward that they *can* remove late pays; the law requires that they report late payments no longer than 7 years to your report - not that it *has* to be reported. Important distinction, which is why a goodwill letter is sometimes a great option. Don't give up!
Is that Plenti card in your siggy hooked with the Plenti card at the Exxon stations?

It is indeed, but boy...wish I had saved the app for something better. The rewards are just awful, and in addition to being awful, available at a *very* small number of vendors. To be fair, I knew it was limited going in, but good grief. It's really bad. I'm waiting a couple more months and doing a PC. I can't wait to get away from this silly card and its rewards structure.

Re: NFCU turned me down :-(

Kenny — Mon, 08 Jun 2015 16:09:36 GMT

I would send a recon message. If you get a Cap1 3k card should be very easy for NFCU to approve you for 500-1k IMO. Explain what happened and how it won't happen again... I bet it will be approved.

Re: NFCU turned me down :-(

Anonymous — Mon, 08 Jun 2015 19:18:12 GMT

I was just happy to get approved as well. But I have asked for a CLI but got denied. I will just let it age some. I'm in the garden right now so I don't want to ask for it and they hard pull