topic Re: NFCU CLOC in Personal Finance

NFCU CLOC

JimBo99 — Wed, 01 Mar 2017 22:06:05 GMT

Hey credit peeps. I just applied for $15k CLOC and was approved for the full amount!! Couple of questions... I have not gotten any alerts about a credit pull yet and nothing has shown up on my NFCU home page yet just, but I did get a text saying I was Approved as well. How soon does it show up/ can I start using it? for those that have it. Also, HOW do I use it? Sorry, just really excited right now. This means the end for Credit one for sure!

Re: NFCU CLOC

AverageJoesCredit — Wed, 01 Mar 2017 22:07:06 GMT

Big congrats

Re: NFCU CLOC

JimBo99 — Wed, 01 Mar 2017 22:10:34 GMT

@AverageJoesCredit wrote:
Big congrats

Thank you so much!!

Re: NFCU CLOC

Anonymous — Wed, 01 Mar 2017 22:23:00 GMT

@JimBo99 wrote:
Hey credit peeps. I just applied for $15k CLOC and was approved for the full amount!! Couple of questions... I have not gotten any alerts about a credit pull yet and nothing has shown up on my NFCU home page yet just, but I did get a text saying I was Approved as well. How soon does it show up/ can I start using it? for those that have it. Also, HOW do I use it? Sorry, just really excited right now. This means the end for Credit one for sure!

It won't show up on the accounts page until you recieve the docs. You will have to sign them and then mail, fax or send it through secure message. Once they get your signed docs you will see it on your accounts page within a day or two.

Re: NFCU CLOC

Anonymous — Wed, 01 Mar 2017 22:23:53 GMT

Congratulations BTW!

Re: NFCU CLOC

Anonymous — Wed, 01 Mar 2017 22:40:05 GMT

Congrats!
Nfcu will also send you a separate box of checks specifically for the Cloc. You can write the check out to yourself & deposit into another bank. What were your scores when approved? I applied & was approved for $5k back in October & I was thinking about requesting a cli.. not today but probably beginning of next month.

Re: NFCU CLOC

Anonymous — Wed, 01 Mar 2017 22:44:14 GMT

CAn someone verify the PLOC (whats CLOC?) is not a HP?

Re: NFCU CLOC

Anonymous — Wed, 01 Mar 2017 22:49:30 GMT

@Anonymous wrote:
CAn someone verify the PLOC (whats CLOC?) is not a HP?

NFCU- Checking Line of credit (CLOC)

It is a HP

PLOC= Personal line of credit

Re: NFCU CLOC

JimBo99 — Wed, 01 Mar 2017 23:44:56 GMT

@Anonymous wrote:
Congrats!
Nfcu will also send you a separate box of checks specifically for the Cloc. You can write the check out to yourself & deposit into another bank. What were your scores when approved? I applied & was approved for $5k back in October & I was thinking about requesting a cli.. not today but probably beginning of next month.

My scores as of Feb 25 were: TU - 678, EQ - 666, EXP 645. But my EXP is 658 today all Fico 8's according to CCT. Not sure what Credit Bureau they used, as I've not gotten any HP alerts yet. Thank you for the info as well.

Re: NFCU CLOC

Anonymous — Thu, 02 Mar 2017 00:25:21 GMT

Congrats on the awesome approval!! Even if you don't use it, it'll give some good padding once it starts reporting.

They normally pull EQ for their CLOC

Re: NFCU CLOC

JimBo99 — Fri, 03 Mar 2017 04:50:59 GMT

Got the alert this morning. HP to EQ.

Re: NFCU CLOC

JimBo99 — Mon, 20 Mar 2017 03:17:20 GMT

Do they wait until I actually USE it before they report it? I signed the paperwork two weeks ago, have gotten the checks for the account, but still not reporting on any of the credit bureaus.