topic Re: NFM - Nebraska Furniture Mart? in Credit Cards

NFM - Nebraska Furniture Mart?

Ragelog — Fri, 09 Jan 2015 18:02:47 GMT

Does anyone know who they pull? What their criteria is approval? If they offer Recons on denials? What starting CL's look like on average?

Thanks!

Sam

Re: NFM - Nebraska Furniture Mart?

Anonymous — Fri, 09 Jan 2015 20:12:29 GMT

This sounds like a very limited store card. Is it something you will actually use? It seems more like a one-time shot for some furniture, in which case who it pulls and the other info is largely irrelevant next to what you're purchasing. It is very hard to predict what will happen with a store card like this.

Re: NFM - Nebraska Furniture Mart?

pizza1 — Fri, 09 Jan 2015 20:24:07 GMT

I believe their minimum score is 640, and in my case I had to be 1 yr post BK. I never applied, but doing research and making a call to their credit department a year ago, they are pretty decent in approving.
By looking at your scores, you should be just fine! But beware, I've heard that if you default that they are a bitch to work with and they can repossess, and make everything due then. It's in their contract and fine print for the card.
Go to the counter for beat results and know a price in mind example $8k, good luck!

Re: NFM - Nebraska Furniture Mart?

Themanwhocan — Fri, 09 Jan 2015 21:53:59 GMT

I would be careful before appying for this credit card. it doesn't appear to be a card that is issued by a Bank or Credit Union. Cards issued by finance companies are actually considered a negative on your credit reports for FICO scoring purposes, as they are considered lenders of last resort.

Now, I don't know if Nebraska Furniture Mart is considered a finance company by FICO or not. But I wouldn't take the risk.

Re: NFM - Nebraska Furniture Mart?

IaBoy62 — Fri, 09 Jan 2015 22:54:46 GMT

NFM is owned by Berkshire Hathaway (think Warren Buffet.) They carry everything! They are a shopping destination and it's easy to spend 4hrs in there and have lunch too. They look at the whole picture, not just your score. They were in my BK in 2009 and they won't even pull my credit.

Re: NFM - Nebraska Furniture Mart?

IaBoy62 — Fri, 09 Jan 2015 22:57:55 GMT

They offer very long terms for free financing. The salespersons are expected to sell, sell, sell so sometimes you can make them an offer. I had one actually turn her back so we could switch lampshades with lamp bases that we liked. Pretty funny!

Re: NFM - Nebraska Furniture Mart?

Ragelog — Fri, 09 Jan 2015 23:58:28 GMT

They tend to offer 18 up to 60 month in rare circumstances interest free. For pretty much anything a house would need.

Re: NFM - Nebraska Furniture Mart?

BigBS — Sat, 10 Jan 2015 01:47:34 GMT

Got this card about 10 years ago when buying a new bedroom set. My credit score was nowhere near what it is now and I got a $6k CL - don't remember who they pulled. Following my divorce and desire to not be constrained by what my salary could afford I missed a few payments. When I came back to my senses and started to rebuild my credit I e-mailed the credit department for some assistance. They were very willing to allow me to continue using the card and pull the reporting of the card to not influence my score. Have always had wonderful customer service with them and agree that you can have a great time in the store with all the possibilities.

Re: NFM - Nebraska Furniture Mart?

IaBoy62 — Sat, 10 Jan 2015 10:17:01 GMT

Hey BigBs....so you just got behind , but you paid in full? I really liked their card!

Re: NFM - Nebraska Furniture Mart?

BigBS — Sat, 10 Jan 2015 17:46:42 GMT

@IaBoy62 wrote:
Hey BigBs....so you just got behind , but you paid in full? I really liked their card!

Yes, just late. Didn't PIF just made payments (above the minimum) each month. Never thought of it before joining this forum, but I can max the card out and not affect my credit score since it's not reporting. Don't know what I'd buy for $6k, but who knows. Haven't used it much over the last 5 or 6 years, but the things I have purchased were shipped quickly.

Re: NFM - Nebraska Furniture Mart?

IaBoy62 — Sat, 10 Jan 2015 17:48:31 GMT

Thanks!

Re: NFM - Nebraska Furniture Mart?

Ragelog — Sat, 10 Jan 2015 18:17:21 GMT

Was it always a hidden tradeline? Or only after you worked with them?

Re: NFM - Nebraska Furniture Mart?

Anonymous — Thu, 26 Mar 2015 16:26:06 GMT

Anyone know if this is still a hidden TL? Considering applying since I see some furniture I want and am not needing to meet spend right now.

Re: NFM - Nebraska Furniture Mart?

Anonymous — Thu, 26 Mar 2015 16:34:08 GMT

Also? Who do they pull? Only my TU is open for business right now so itll be nice to know so I don't waste time filling out application. It seems they are fairly generous from the reading ive been doing.

Lol.

Re: NFM - Nebraska Furniture Mart?

Ragelog — Thu, 26 Mar 2015 16:40:26 GMT

@Anonymous wrote:
Anyone know if this is still a hidden TL? Considering applying since I see some furniture I want and am not needing to meet spend right now.

Reports to all 3 credit bureaus as a charge account revolving with credit limit showing.

Re: NFM - Nebraska Furniture Mart?

Anonymous — Thu, 26 Mar 2015 16:44:36 GMT

Oh boooo.

Re: NFM - Nebraska Furniture Mart?

Anonymous — Thu, 26 Mar 2015 16:44:53 GMT

So what do they pull?

Re: NFM - Nebraska Furniture Mart?

Ragelog — Thu, 26 Mar 2015 16:45:47 GMT

@Anonymous wrote:
So what do they pull?

Trying to find the actual credit pull.

Re: NFM - Nebraska Furniture Mart?

Ragelog — Thu, 26 Mar 2015 16:49:56 GMT

I think they pull EX. I don't have a report since then for EX. I do for TU and EQ and don't see the pull on them.

Also found an old post on another forum that said EX.

Re: NFM - Nebraska Furniture Mart?

Ragelog — Thu, 26 Mar 2015 16:53:35 GMT

Confirmed they pull EX as I found the inquiry on my creditsesame alerts from EX.