topic Re: Navy Federal Blacklisted in Bankruptcy

Navy Federal Blacklisted

DonFico — Sun, 15 Nov 2020 05:28:03 GMT

I filed chapter 7 bankruptcy with NavyFed almost 9 years ago. I had a $500 secured credit card and $1500 left on a motorcycle loan. Obviously they got the money for the secured loan, so it should be only $1500 they were burned for.

Did anyone have success getting credit from them again several years of being blacklisted? That is, has anyone called the BK department out of the blue several years later, was able to pay them back, and later, received credit from them?

Re: Navy Federal Blacklisted

Brian_Earl_Spilner — Sun, 15 Nov 2020 06:14:33 GMT

There's plenty of people on here that have done it

Re: Navy Federal Blacklisted

M_Smart007 — Sun, 15 Nov 2020 14:54:14 GMT

@DonFico wrote:
I filed chapter 7 bankruptcy with NavyFed almost 9 years ago. I had a $500 secured credit card and $1500 left on a motorcycle loan. Obviously they got the money for the secured loan, so it should be only $1500 they were burned for.

Did anyone have success getting credit from them again several years of being blacklisted? That is, has anyone called the BK department out of the blue several years later, was able to pay them back, and later, received credit from them?

Hi @DonFico ,

I would call and speak to a NFCU rep and see "if" you are pre-qualified for any credit cards. JMHO

Some people have been able to get back in good graces with them.

Re: Navy Federal Blacklisted

Anonymous — Sun, 15 Nov 2020 16:33:15 GMT

@DonFico wrote:
I filed chapter 7 bankruptcy with NavyFed almost 9 years ago. I had a $500 secured credit card and $1500 left on a motorcycle loan. Obviously they got the money for the secured loan, so it should be only $1500 they were burned for.

Did anyone have success getting credit from them again several years of being blacklisted? That is, has anyone called the BK department out of the blue several years later, was able to pay them back, and later, received credit from them?

Heck yeah! As it was mentioned up thread by @Brian_Earl_Spilner there are many who have done it and recently too. It appears that the most successful course of action is to call and speak with the department that handles the repayment. IF (and that is a BIG if), you get someone who doesn't make it easy peasy for you to set up a repayment, just keep calling back until you get a helpful rep on the line. You may be lucky right out of the gate but if not, keep calling. Navy is amazing with second chances as soon as the past debt is settled.

I look forward to following your return to the Navy family! GL!!

Re: Navy Federal Blacklisted

DebtStinks — Mon, 16 Nov 2020 02:02:30 GMT

Just to clarify, @Anonymous probably meant to say paid in full vs settled. NFCU requires them to be made whole before you have a chance at getting new credit from them.

Best of luck!

Re: Navy Federal Blacklisted

Whitneyy — Wed, 18 Nov 2020 02:27:23 GMT

I paid off an account in full while making deposits into my savings. When it was cleared I called to make sure all the departments that needed to be update as paid off, DID.

A few days later, I was approved for $4,900.

Re: Navy Federal Blacklisted

Anonymous — Wed, 18 Nov 2020 20:43:46 GMT

I did not know you culd voluntarily pay back a creditor. I thought if you went to pay one of them off they could all come back for a few bucks.

Re: Navy Federal Blacklisted

Lurker22 — Fri, 20 Nov 2020 15:34:25 GMT

while the BK estate is still active I believe you're correct, once the case is closed you can pay whoever you want for whatever you want

Re: Navy Federal Blacklisted

Anonymous — Fri, 20 Nov 2020 17:00:19 GMT

I offerred to pay back Amex for a card, even if it was $1000 limit. They have th ebest point system. They said I can pay them off but there is no guarantee I'd get a card again.

Re: Navy Federal Blacklisted

2b2rich — Sat, 21 Nov 2020 03:09:13 GMT

The one thing I have consistently read on this board is post and comments from people who burned NFCU but paid the debt, talked to the BK dept, and was back in the door. I imagine there are extreme cases that might not be so cut and dry, but have definitely seen that they forgive.

Good luck!

Re: Navy Federal Blacklisted

2b2rich — Sat, 21 Nov 2020 03:12:42 GMT

@Anonymous wrote:
I did not know you culd voluntarily pay back a creditor. I thought if you went to pay one of them off they could all come back for a few bucks.

Nope, they would get the book thrown at them for coming after you regarding a debt that was discharged. Just because you pay one creditor does not obligate you to the others whose debt was discharged in your BK.

Re: Navy Federal Blacklisted

jetsfan2013 — Sat, 21 Nov 2020 14:26:49 GMT

It's possible however by no means is it a given. There are other credit union options post BK.

Re: Navy Federal Blacklisted

M_Smart007 — Mon, 30 Nov 2020 17:29:50 GMT

@Whitneyy wrote:
I paid off an account in full while making deposits into my savings. When it was cleared I called to make sure all the departments that needed to be update as paid off, DID.

A few days later, I was approved for $4,900.

@Whitneyy, A belated

Re: Navy Federal Blacklisted

Anonymous — Mon, 30 Nov 2020 17:36:24 GMT

@jetsfan2013 wrote:
It's possible however by no means is it a given. There are other credit union options post BK.

Sure there are other good options without a doubt but I haven't seen any credit union as generous as Navy. IMHO, if paying them what was owed would get me a chance of having a new start with them, it would be more than worth it. Being in with Navy is the next best thing to winning the lottery!

Re: Navy Federal Blacklisted

M_Smart007 — Mon, 30 Nov 2020 17:42:57 GMT

@Anonymous wrote:
@jetsfan2013 wrote:
It's possible however by no means is it a given. There are other credit union options post BK.

Sure there are other good options without a doubt but I haven't seen any credit union as generous as Navy. IMHO, if paying them what was owed would get me a chance of having a new start with them, it would be more than worth it. Being in with Navy is the next best thing to winning the lottery!

Yes!, they are very generous!!!

I also find the customer service 24/7 - 365 days a year to be of top tier rank. (find that with another CU)

Re: Navy Federal Blacklisted

Anonymous — Thu, 18 Mar 2021 21:57:27 GMT

I had 2 cards which were closed. I have continued to pay the balances. I recently obtained a secured card with them as well as a vehicle refinance. They are definitely willing to give second chances

Re: Navy Federal Blacklisted

M_Smart007 — Thu, 18 Mar 2021 22:02:03 GMT

@Anonymous wrote:
I had 2 cards which were closed. I have continued to pay the balances. I recently obtained a secured card with them as well as a vehicle refinance. They are definitely willing to give second chances

Yes Navy is most definitely a 2nd chance CU, as long as the wrongs are righted.

ETA: @Anonymous , Welcome to the forum!

Re: Navy Federal Blacklisted

Anonymous — Thu, 18 Mar 2021 23:39:19 GMT

@Anonymous congrats on getting back in with Navy, well done! Welcome to the community, we are glad you're here!

P.S. Aloha @M_Smart007 !

Re: Navy Federal Blacklisted

sihmud — Sat, 05 Mar 2022 03:58:25 GMT

@Whitneyy wrote:
I paid off an account in full while making deposits into my savings. When it was cleared I called to make sure all the departments that needed to be update as paid off, DID.

A few days later, I was approved for $4,900.

@Whitneyy hello, curious as to how much you owed and was the debt discharged in BK or just a defualted account? id like tio pay back my balance that was DC with NFCU credit card but not sure if id get back close to the amount id repay ehich is around 5,300