topic Re: NFCU CLOC and CC approval in Credit Cards

NFCU CLOC and CC approval

kobe2012 — Tue, 05 Jul 2016 01:14:46 GMT

My BK was discharged 6 months ago and was wondering if I have a chance with NFCU cloc or cc... my current scores were from fico8 EQ: 604, TU: 584 and EX: 582.. i just want to start a relationship with them and want to know my odds of approval. Are they inquiry senstive? as well as utilization? I have 3 rebuilder cards and just got approved for cabela visa...

Re: NFCU CLOC and CC approval

RonM21 — Tue, 05 Jul 2016 01:36:29 GMT

My first thought is it could be tough with the BK only 6 months back and the scores are on the border, I think. They tend to pull TU or EQ. I'm sure ymmv, but I think it could be better to hold of for a while. But, I can also see a situation where they may approve one, but not the other.

Keep in mind they'll HP you for membership first, then if you get in, HP you for an app. Maybe search the threads for NFCU denials to see if there are some comparable stats you can use.

Re: NFCU CLOC and CC approval

Anonymous — Tue, 05 Jul 2016 01:50:21 GMT

I'm almost 1 year post DC & just applied to nfcu for a cc. Will let you know how it goes

Re: NFCU CLOC and CC approval

Anonymous — Tue, 05 Jul 2016 02:47:41 GMT

Best of luck to both of you!

Re: NFCU CLOC and CC approval

kobe2012 — Sun, 10 Jul 2016 05:30:31 GMT

Smokie, did u get approved for their cc?

Re: NFCU CLOC and CC approval

Anonymous — Tue, 12 Jul 2016 10:06:22 GMT

Just barely, I got a SL of $500

Re: NFCU CLOC and CC approval

Vegas4Play — Tue, 12 Jul 2016 10:20:53 GMT

R u going to try Kobe??? or have you?

Re: NFCU CLOC and CC approval

kobe2012 — Fri, 15 Jul 2016 02:08:07 GMT

I finally got in with navy yesterday after two weeks .... I did apply for CLOC --- instant denial, only applied for $500, Equifax 05 was 550 (08 was 607) oh well... ill try again in a few months.... And I also applied for CashRewards and went 24 hour Review in process.... Still waiting... been more than 24 hours.. I'm hoping they would give me, even $500 just to start with. They pulled TU for the CC and membership, myfico 04 score sits at 608... Discharged was 12/2015... I feel like waiting this long would be a denial :-( , but am still keeping my hopes up. Am still glad I got in with them

Re: NFCU CLOC and CC approval

rubicon — Mon, 18 Jul 2016 04:12:50 GMT

what were your scores @smokie86

Re: NFCU CLOC and CC approval

Grafton88 — Mon, 18 Jul 2016 05:15:38 GMT

@kobe2012 wrote:
My BK was discharged 6 months ago and was wondering if I have a chance with NFCU cloc or cc... my current scores were from fico8 EQ: 604, TU: 584 and EX: 582.. i just want to start a relationship with them and want to know my odds of approval. Are they inquiry senstive? as well as utilization? I have 3 rebuilder cards and just got approved for cabela visa...

If you don't get an unsecured card it might be best to go with a secured card. I did this 5 months after my BK13 was discharged. They converted it to unsecured after 13 months. I then asked for a $5000 limit and that was approved. I just got another CLI to $15000 when my reports became clean.

I was denied a CLOC on Dec 2015 which was 13 months after my discharge. I think they seem to be very strict on you having a clean report. Once it is clean then the sky is the limit, well at least up to $15K.

Re: NFCU CLOC and CC approval

Anonymous — Mon, 18 Jul 2016 10:14:22 GMT

They are not strict on clean reports. NFCU is great to rebuild with. Many applications go into review and it seems to be taking a little longer than normal to hear back. They are not inquiry sensitive unless you count 30 on EQ to be a handful, lol.

NFCU doesn't use the 08 scores. They use the mortgage (I think). Have you been through your reports to make sure all your accounts are updated correctly? Anything wrong on there, even the smallest detail could result in a denial or keep your scores low.

Re: NFCU CLOC and CC approval

Anonymous — Wed, 19 Oct 2016 03:15:09 GMT

I was wondering the same thing. What are the odds of me being approved for a CLOC from NFCU. I just opened my own checking and savings accounts using my husband a( a govt. employee and a vet) as a sponsor. My credit profile is 731 TU, 687 EX, 665 EQ with one charge off from 2014. I also have a paid medical collection that is reporting as paid and no public records. I do have 10 inquiries on my TU and 12 on my EQ as I went on a spree this past summer to build my credit. Will it hurt my chances that I am a new member? Also, does anyone know if opening account balances affect odds for approval?

Thanks in advance for any information, experiences and/or guidance.