topic Nfcu secured ?'s in Bankruptcy

Nfcu secured ?'s

Anonymous — Fri, 15 Mar 2019 16:27:27 GMT

I've had my NFCU secured card for about a month now. I put $1k towards it for the credit limit. I've ran about $2k through it this month. Nfcu never put a hold on the funds. It shows the funds are available and says the funds are available cash. I've transferred some to my checking and back to see if it would transfer. Does this sound right?

Re: Nfcu secured ?'s

JTC-137 — Fri, 15 Mar 2019 19:04:13 GMT

Your Current Balance should be $1,000 more than your Available Balance, but you’re saying that’s not the case here?

Does the card show up as “Secured nRewards” in your account?

Re: Nfcu secured ?'s

Anonymous — Fri, 15 Mar 2019 21:07:09 GMT

No no, they never put a hold on the $1k I set aside for it. It's available cash. My CL is still only 1k.

Re: Nfcu secured ?'s

Anonymous — Fri, 15 Mar 2019 21:08:12 GMT

I was just saying I've used it and it works but they never put a hold on the funds.

Re: Nfcu secured ?'s

Anonymous — Fri, 15 Mar 2019 21:31:16 GMT

How is it labeled when you log in to your account? Does it say Secured nRewards?

Re: Nfcu secured ?'s

Anonymous — Fri, 15 Mar 2019 22:41:18 GMT

That $1K should have been locked up when you deposited it towards the secured credit card. NFCU usually holds that money in your share savings account and with responsible use will eventually "graduate" you to unsecure and release those funds back to you...at which point, you can then transfer out to wherever. Have you had the card long enough now to be graduated to an unsecure card? At the bottomw of your Account Summary page do you show a nRewards Visa under "Loans and Credit"?

Re: Nfcu secured ?'s

Anonymous — Sat, 16 Mar 2019 00:37:52 GMT

It says the secured Nrewards but NFCU never put a hold on the funds or locked them up. The money is still available. I can transfer it around and atms say that the money is in there as an available balance and it lists it included in available cash above my accounts also. I dont need the cash, I just found it very odd is all, like I dont think something is right. The card works fine as I've ran over 2k through it in the last month PIF every week. I've had the card for a month now.

Re: Nfcu secured ?'s

JTC-137 — Sat, 16 Mar 2019 13:45:56 GMT

Sounds like they didn’t set your account up right, never heard of that happening.

Are you going to call them to straighten it out or let it go as is?

Re: Nfcu secured ?'s

Anonymous — Sat, 16 Mar 2019 17:11:46 GMT

I'm not sure. I may just leave it be.