topic Re: Nfcu cloc approved Finally in Personal Finance

Nfcu cloc approved Finally

Anonymous — Thu, 05 Apr 2018 20:32:16 GMT

After some serious readjusting to my credit I have finally been approved for the CLOC! I do not plan to ever use it but it’s great for utilization and emergency (hope there aren’t any) situations! I was approved for 3K and will request the max in 6-9 months!

Just thought I would share! Was denied 4 times before. Established credit with them 2 months ago utilizing the CR cards and possibly keeping money in my savings with them has helped!!

Re: Nfcu cloc approved Finally

Anonymous — Thu, 05 Apr 2018 20:40:05 GMT

Congratulations! I too have a NFCU CLOC in addition to my CC, checking, and savings accounts. I like that it reports monthly as available credit and lowers overall utilization and also hope to never have to use it! Just another way of making credit work for you rather than you working for credit!

Re: Nfcu cloc approved Finally

Anonymous — Thu, 05 Apr 2018 21:32:35 GMT

Just curious what cloc stands for?

Re: Nfcu cloc approved Finally

Anonymous — Thu, 05 Apr 2018 21:42:46 GMT

Excellent job!

Best of luck to you.

Congrats on your approval!!

Re: Nfcu cloc approved Finally

donneumeyer — Thu, 05 Apr 2018 22:19:47 GMT

checking line of credit. nfcu= equifax hard pull for it

transunion for their credit cards

but as always YMMV

Re: Nfcu cloc approved Finally

shoegal — Fri, 06 Apr 2018 04:16:49 GMT

Congrats! 🎉

What are your data points? In another thread, you said your scores are 586. Did you get a CLOC with that score?

Re: Nfcu cloc approved Finally

Anonymous — Fri, 13 Apr 2018 15:25:31 GMT

@Anonymous wrote:
Just curious what cloc stands for?

Checking Line Of Credit.

Congrats OP!!

Edit: https://www.myfico.com/crediteducation/glossary.aspx

Re: Nfcu cloc approved Finally

Anonymous — Sat, 14 Apr 2018 17:39:15 GMT

I got this product about 11 months ago, they wouldn’t do the 15K so we settled on 7.5K. I never used it, still haven’t. Lol. But I requested it to go to 15K after having it for 2 Months and they made it happen. Odd thing is, it still has never reported, it’s looking like it has to be used at least one time to trigger reporting maybe. Anyway,
Congratulation on your new CLOC