topic Re: I Love NFCU in Bankruptcy

I Love NFCU

Mjhall85 — Wed, 30 Dec 2020 23:21:40 GMT

So I got my secured card back in July it became unsecured about a month or so ago to 2k which is wonderful. today as I was doing some things I figured I'd try the prequal as it's been 5 months and 5 statements on my current card and bam approved for gorewards 25k it's at 15.99% but I don't carry a balance so that's okay with me! I am just over 6 months discharge so just posting to give insight that it's possible to get solid credit lines after. Now I am in the garden till next year and can cancel my indigo card next year before the annual fee comes. They pulled TU 9 which luckily is my strongest score as well at 672.

Hope you all have a safe and happy new year!

Re: I Love NFCU

AllZero — Wed, 30 Dec 2020 23:42:26 GMT

Congratulations on your approval! Very nicely done.

Re: I Love NFCU

Irv02 — Thu, 31 Dec 2020 00:08:59 GMT

Congratulations on your new Navy Go Rewards approval!!! Go Navy!

Re: I Love NFCU

Anonymous — Thu, 31 Dec 2020 01:54:35 GMT

@Mjhall85 grats on the awesome CL and new card!

What a great way to wrap up 2020 on a positive note!! So very happy for you!!

Re: I Love NFCU

Mjhall85 — Thu, 31 Dec 2020 02:31:00 GMT

thanks, I am pretty ecstatic about it! I didn't expect to hit five digit SL till a good two years after discharge. @Anonymous a great way to end the year,couldn't ask for a better ending,only going up more from here!

Re: I Love NFCU

Caliboy97 — Thu, 31 Dec 2020 05:05:03 GMT

This is amazing! I am a few months in with my navy federal card and every month do the prequal to see if they bite but this shows hope. For a $25k CC what income level are we looking around if you don't mind me asking.

i have a 75k a year base pay but around 6 figures by end of year

Re: I Love NFCU

Mjhall85 — Thu, 31 Dec 2020 05:45:14 GMT

Well I started my own company shortly after bankruptcy. The last half of this year did about 80k.

Re: I Love NFCU

Anonymous — Thu, 31 Dec 2020 14:39:49 GMT

@Caliboy97 Navy looks at DTI and the relationship as well as income. FWIW the Navy prequal tool is totally and completely unreliable.

If you have waited 91 days and three full statements since your last card you can apply for a new card. Navy will pull TU Fico 9.

I wish you and yours the happiest of New Years!!

Re: I Love NFCU

Anonymous — Thu, 31 Dec 2020 15:52:36 GMT

Congrats.

Re: I Love NFCU

Caliboy97 — Fri, 01 Jan 2021 02:22:58 GMT

Thank you dude! Unless they factor in my student loans I only have about $300 in CC debt out of 7k Limits so far and my fico9 is 640 so probably wait till like feburary/March to pull trigger

Happy New Year!

Re: I Love NFCU

Andy77 — Sat, 02 Jan 2021 17:07:24 GMT

@Mjhall85 that is amazing. Congrats!! I am 7 months post discharge. I try the pre-qualify and get only the secured card.

So, what you did was try the pre-qualify and when you clicked submit, on the next screen it said you were approved for 25k ? OR did it say you were pre-approved/qualiified and you actually applied and you were approved for the 25k card ?

I have two cards with them, both were secured and both unsecured at the 6 month mark, within the last month. I didn't get a cli because I was above 2k on each.I asked for a CLI on my 5k card and bumped to 7500.00 asked for a cli on my 3k prevously secured card and got declined for, you have reached navy federals maximum unseucred limit.

My TU Fico 9 is 689 and my util is 2 %

I will wait 6 months and try again, your post gave me major encouragement.

Again, that is just great.

Re: I Love NFCU

Mjhall85 — Sat, 02 Jan 2021 17:14:40 GMT

@Andy77 I did the prequalify and got all the cards I was eligible for and decided on the go rewards for the percents back and submitted my app for it and 25k I was shocked. Next year I'll app for the flagship and hope I get better than 25k. I discharged on 6/30. Just keep good with navy and you'll be set soon. I'm just gonna garden the next 9-10 months and get rid of my open sky and indigo card before the annual fees hit next year.

Re: I Love NFCU

Mjhall85 — Sun, 03 Jan 2021 22:44:32 GMT

I have about 40k in student loans currently in default but rehabbing so I am not sure they factor that in or not but if they did for the payment my DTI is under 10% with them. With navy they seem to definitely put more favor in the relationship. I am just glad they were so generous with my limit.