topic Re: NFCU Biz approvals in Business Credit

NFCU Biz approvals

woodyman100 — Tue, 06 Mar 2018 04:35:35 GMT

Approved for

10k master card

5k cloc

54 inqs

TU pull

submitted My app in branch on 3/1 and received approval via phone call on 3/5.

i wasn’t asked any questions or required to submit docs.

brings me to 88k unsecured with Navy. (126k with DW)

i started with a sub 10k Platinum card 20 months ago

Re: NFCU Biz approvals

pizza1 — Tue, 06 Mar 2018 04:52:45 GMT

Thats fantastic Woodyman!!! Much congrats to you!! We've been hoping for more Navy approvals, and you got yours!! I believe they also look at your internal credit with them, and I see you're not near max with them, even with tis new approval.

Im currently at $60k on the personal side, and I only asked for $10kcc, no LOC, so I guess we will see! I have a branch not far from me, so I think I'll do the same....run it over to them.

Im going give them all the paperwork at once...membership, and the credit products since they are separate. Did you just do the membership first, and wait to see if you got it, then submit the credit products papers???

What was your TU score??

Re: NFCU Biz approvals

pizza1 — Tue, 06 Mar 2018 05:09:43 GMT

oh one more question...

When was your last CLI or new cc approval with them, like date.

I am apparently on their "6 month" schedule for CLI or a new act, and have been for a year and a half like clockwork.

So Im just wondering since technically Im not eligible for any CLI with them until mid May, that they would decline my Biz CC app because Im not eligible any more credit with them until then. Wondering if the Biz side is treated a little differently...thats why I asked for you date of your last approval or CLI before this one....thanks!

Re: NFCU Biz approvals

woodyman100 — Wed, 07 Mar 2018 01:02:54 GMT

10-9-17 was my last CLI from them when my Platinum went from 25k to 33k.

TU 764

I did get the APR dropped to 6.99 in December right before the prime rate went up .25 and pushed me back over 7%.

I dropped off the application for membership in branch and had an email requesting more docs about an hour later.

I had to get some corrected paperwork from my county clerk and a new form from the IRS.

That took a few days and the checking was opened the day after uploading.

A couple of days later I uploaded the CC application in branch again.

I had an issue with the upload of docs when I first applied for a personal membership. That’s why I go in branch now

Re: NFCU Biz approvals

shoegal — Wed, 07 Mar 2018 02:11:56 GMT

Congrats on everything Woody! And great data points!

Re: NFCU Biz approvals

ToughFistFight — Mon, 12 Mar 2018 04:37:42 GMT

Awesome!! I cant get NFCU biz to touch me with a 10 ft pole.

Re: NFCU Biz approvals

pizza1 — Tue, 13 Mar 2018 02:39:42 GMT

@ToughFistFightwrote:
Awesome!! I cant get NFCU biz to touch me with a 10 ft pole.

Why is that? Did they approve you for membership, but not credit products? What was their reasons they gave?

Re: NFCU Biz approvals

ToughFistFight — Tue, 13 Mar 2018 06:48:00 GMT

Ya, I'm not sure. I do have a business checking and savings. I couldn't get approved for any credit product on the biz side. I have a bunch of letters, I have not read through them throughly. I suspect it is my husband's credit that is holding them back. I really didn't think about it when it required both of us to apply. I currently have my biz through BECU, so I wasn't needing a business bank.

Re: NFCU Biz approvals

SouthJamaica — Thu, 15 Mar 2018 16:16:51 GMT

Inspired by this thread I applied for 5k line of credit and 5k credit card. Line of credit was approved, waiting to hear on credit card. I'm very pleased, first time I've ever had a business line of credit.

Re: NFCU Biz approvals

pizza1 — Thu, 15 Mar 2018 16:22:53 GMT

@SouthJamaicawrote:
Inspired by this thread I applied for 5k line of credit and 5k credit card. Line of credit was approved, waiting to hear on credit card. I'm very pleased, first time I've ever had a business line of credit.

Hey SJ!!! Thats Awesome!! Much congrats to you!! Start your own thread as well with your stats, how long it took for approval of membership, LOC etc...who they pulled. Helps for anyone searching the biz section!! Kepp us posted on the CC!!!

Re: NFCU Biz approvals

lilalekat — Wed, 21 Mar 2018 21:03:14 GMT

My fiancé was just denied for business credit. He was trying to purchase a commercial vehicle for his business. The app was submitted on 3/11 and after many inquiries to the rep, it finally came back today 3/20. The rep said he didn’t know why they denied him but that they would send a letter in the mail explaining why. He does have the business and savings acct as well as a personal auto loan with them. 690 credit score. I signed him up for a DUNS profile earlier this month. Any tips on how to establish biz credit?

Re: NFCU Biz approvals

shoegal — Thu, 22 Mar 2018 01:23:36 GMT

@lilalekatwrote:
My fiancé was just denied for business credit. He was trying to purchase a commercial vehicle for his business. The app was submitted on 3/11 and after many inquiries to the rep, it finally came back today 3/20. The rep said he didn’t know why they denied him but that they would send a letter in the mail explaining why. He does have the business and savings acct as well as a personal auto loan with them. 690 credit score. I signed him up for a DUNS profile earlier this month. Any tips on how to establish biz credit?

Sorry about your fiancé’s denial! Mine was denied too. I applied for Visa and BLOC asked for $5,000 for both, and my score is 693 TU. But they were speedy about it. I applied Friday, and they emailed me the denial Tuesday morning but without the reasons. He said they mailed a letter. Bleh.

If your fiancé has an EX score around 650-700, he could get an Amex biz card.

Re: NFCU Biz approvals

pizza1 — Thu, 22 Mar 2018 02:16:18 GMT

@shoegalwrote:
@lilalekatwrote:
My fiancé was just denied for business credit. He was trying to purchase a commercial vehicle for his business. The app was submitted on 3/11 and after many inquiries to the rep, it finally came back today 3/20. The rep said he didn’t know why they denied him but that they would send a letter in the mail explaining why. He does have the business and savings acct as well as a personal auto loan with them. 690 credit score. I signed him up for a DUNS profile earlier this month. Any tips on how to establish biz credit?
Sorry about your fiancé’s denial! Mine was denied too. I applied for Visa and BLOC asked for $5,000 for both, and my score is 693 TU. But they were speedy about it. I applied Friday, and they emailed me the denial Tuesday morning but without the reasons. He said they mailed a letter. Bleh.

If your fiancé has an EX score around 650-700, he could get an Amex biz card.

oh no Shoegal!! Im sorry I was sure hoping for you that you'd get approved. I got approved for membership yesterday (3/20/18), and Im waiting to apply till I get my membership welcome packet in the mail with new business access number, (it request that on the business credit app). Im assumming end of next week to hear something back.

Re: NFCU Biz approvals

shoegal — Thu, 22 Mar 2018 02:35:56 GMT

@pizza1wrote:
@shoegalwrote:
@lilalekatwrote:
My fiancé was just denied for business credit. He was trying to purchase a commercial vehicle for his business. The app was submitted on 3/11 and after many inquiries to the rep, it finally came back today 3/20. The rep said he didn’t know why they denied him but that they would send a letter in the mail explaining why. He does have the business and savings acct as well as a personal auto loan with them. 690 credit score. I signed him up for a DUNS profile earlier this month. Any tips on how to establish biz credit?
Sorry about your fiancé’s denial! Mine was denied too. I applied for Visa and BLOC asked for $5,000 for both, and my score is 693 TU. But they were speedy about it. I applied Friday, and they emailed me the denial Tuesday morning but without the reasons. He said they mailed a letter. Bleh.

If your fiancé has an EX score around 650-700, he could get an Amex biz card.
oh no Shoegal!! Im sorry I was sure hoping for you that you'd get approved. I got approved for membership yesterday (3/20/18), and Im waiting to apply till I get my membership welcome packet in the mail with new business access number, (it request that on the business credit app). Im assumming end of next week to hear something back.

Thanks Pizza! You can call and ask for the access number. My welcome package arrived in 2 business day.

Re: NFCU Biz approvals

pizza1 — Thu, 22 Mar 2018 02:39:17 GMT

@shoegalwrote:
@pizza1wrote:
@shoegalwrote:
@lilalekatwrote:
My fiancé was just denied for business credit. He was trying to purchase a commercial vehicle for his business. The app was submitted on 3/11 and after many inquiries to the rep, it finally came back today 3/20. The rep said he didn’t know why they denied him but that they would send a letter in the mail explaining why. He does have the business and savings acct as well as a personal auto loan with them. 690 credit score. I signed him up for a DUNS profile earlier this month. Any tips on how to establish biz credit?
Sorry about your fiancé’s denial! Mine was denied too. I applied for Visa and BLOC asked for $5,000 for both, and my score is 693 TU. But they were speedy about it. I applied Friday, and they emailed me the denial Tuesday morning but without the reasons. He said they mailed a letter. Bleh.

If your fiancé has an EX score around 650-700, he could get an Amex biz card.
oh no Shoegal!! Im sorry I was sure hoping for you that you'd get approved. I got approved for membership yesterday (3/20/18), and Im waiting to apply till I get my membership welcome packet in the mail with new business access number, (it request that on the business credit app). Im assumming end of next week to hear something back.
Thanks Pizza! You can call and ask for the access number. My welcome package arrived in 2 business day.

Do you have other biz credit?? what was your personal overall util reporting ?

Re: NFCU Biz approvals

shoegal — Thu, 22 Mar 2018 02:49:51 GMT

@pizza1wrote:
@shoegalwrote:
@pizza1wrote:
@shoegalwrote:
@lilalekatwrote:
My fiancé was just denied for business credit. He was trying to purchase a commercial vehicle for his business. The app was submitted on 3/11 and after many inquiries to the rep, it finally came back today 3/20. The rep said he didn’t know why they denied him but that they would send a letter in the mail explaining why. He does have the business and savings acct as well as a personal auto loan with them. 690 credit score. I signed him up for a DUNS profile earlier this month. Any tips on how to establish biz credit?
Sorry about your fiancé’s denial! Mine was denied too. I applied for Visa and BLOC asked for $5,000 for both, and my score is 693 TU. But they were speedy about it. I applied Friday, and they emailed me the denial Tuesday morning but without the reasons. He said they mailed a letter. Bleh.

If your fiancé has an EX score around 650-700, he could get an Amex biz card.
oh no Shoegal!! Im sorry I was sure hoping for you that you'd get approved. I got approved for membership yesterday (3/20/18), and Im waiting to apply till I get my membership welcome packet in the mail with new business access number, (it request that on the business credit app). Im assumming end of next week to hear something back.
Thanks Pizza! You can call and ask for the access number. My welcome package arrived in 2 business day.
Do you have other biz credit?? what was your personal overall util reporting ?

I have an Amex Delta on the business side. I got it in October. Nothing else. My UTIL is 15%.

Re: NFCU Biz approvals

lilalekat — Thu, 22 Mar 2018 10:15:18 GMT

Ikr such a bummer. I’m thinking the rep really didn’t put the app in like he said he did, but who knows. Thank you for letting me know that, I’ll tell him about the AMEX card and have him to apply.

Re: NFCU Biz approvals

ToughFistFight — Fri, 23 Mar 2018 05:53:22 GMT

Sorry shoegal. The biz side is a hard nut to Crack my friend.

Re: NFCU Biz approvals

shoegal — Sat, 24 Mar 2018 17:27:20 GMT

@ToughFistFightwrote:
Sorry shoegal. The biz side is a hard nut to Crack my friend.

Thanks! I’ll keep gardening and try again in a year or so.

Re: NFCU Biz approvals

pizza1 — Mon, 26 Mar 2018 15:38:59 GMT

@shoegalwrote:
@ToughFistFightwrote:
Sorry shoegal. The biz side is a hard nut to Crack my friend.
Thanks! I’ll keep gardening and try again in a year or so.

Got my denial email this morning. Submitted credit app on friday morning, and got the denial this morning (monday), so quick, lol. Anyways, I didnt ask for a huge amount either on the application $2.5-$5k for their Visa, and NO LOC. I wasnt expecting an approval, but I thought I at least had a decent chance since I wasnt asking for much, and have been with them almost 5 yrs on personal side, in very good standing and a loan as well paid off early.

I sent a recon email and an esclation, and also offered to move part of line from my Cash Rewards card to open it up. Probably wont hear anything back till end of week, but I tried. If not approved Ill try again 6-12 months, if I dont have Amex before then, lol! (sighs)