topic Re: Navy cloc in Personal Finance

Navy cloc

aesl1982 — Tue, 19 Nov 2019 19:40:01 GMT

So I already have a small $500 cloc with navy in my personal account. Today my wife called and we applied jointly for a cloc on our joint checking account. She didn’t realize they would counter and applied for $500 they approved it @14.9 mine in my own was approved couple months ago for 16.9. I’m afraid she left money on the table. I called navy and they said only thing to do is to cancel the original approval and re apply? Is this okay to do or a waste of time ?

Re: Navy cloc

AverageJoesCredit — Wed, 20 Nov 2019 00:00:21 GMT

Another hp. If you really need more than $500 ovedraft then you might consider it but it will be another hp. Navy = HP

Re: Navy cloc

M_Smart007 — Wed, 20 Nov 2019 01:23:41 GMT

@AverageJoesCredit wrote:
Another hp. If you really need more than $500 ovedraft then you might consider it but it will be another hp.
Navy = HP

You might as well add

PenFed = HP

Re: Navy cloc

CreditInspired — Sun, 24 Nov 2019 10:35:06 GMT

@aesl1982 wrote:
So I already have a small $500 cloc with navy in my personal account. Today my wife called and we applied jointly for a cloc on our joint checking account. She didn’t realize they would counter and applied for $500 they approved it @14.9 mine in my own was approved couple months ago for 16.9. I’m afraid she left money on the table. I called navy and they said only thing to do is to cancel the original approval and re apply? Is this okay to do or a waste of time ?

I wouldn't because it would probably be another HP knowing Navy. No way!

Re: Navy cloc

CreditInspired — Sun, 24 Nov 2019 10:40:26 GMT

@AverageJoesCredit wrote:
Another hp. If you really need more than $500 ovedraft then you might consider it but it will be another hp. Navy = HP

Ditto and you'd probably only get another $500.

IMHO, OP, if you dont mind wasting a HP, apply for a CLOC instead.

EDIT. Oops, is the $500 you were approved for an OOPS or a CLOC? If an OOPS, I suggest leave as is. If a CLOC, I would try for a higher amount

Re: Navy cloc

aesl1982 — Sun, 24 Nov 2019 13:02:31 GMT

It was the CLOC.