topic Re: NFCU.....INQUIRIES in Credit Cards

NFCU.....INQUIRIES

Anonymous — Mon, 08 May 2017 18:06:35 GMT

Does anyone have any data points on whether NFCU is inquiry sensitive on the NFCU rewards or other cards? THANKS

Re: NFCU.....INQUIRIES

itspnutbutterkellytime — Mon, 08 May 2017 18:20:46 GMT

I applied and was approved for my Go Rewards card with about 10 inq's on each report. I don't think they are inquiry sensitive. Hope this helps!

Re: NFCU.....INQUIRIES

Anonymous — Mon, 08 May 2017 18:28:36 GMT

I have 30+ on EX.....Same on TU...EQ..20.....IN Illinois they pull EQ and that score is 645

Re: NFCU.....INQUIRIES

Aduke1122 — Mon, 08 May 2017 18:57:05 GMT

No I don't think they are inquiry sensitive, they can be sensitive to new accounts for me anyways I was given a denial for that reason . They always heavily weigh DTI and UTi

Re: NFCU.....INQUIRIES

Anonymous — Mon, 08 May 2017 21:05:07 GMT

No. I agree with the other posters. They don't seem to be inquiry sensitive at all. I had probably 10 inquiries on the credit report they pulled for my cc app and was approved.

Re: NFCU.....INQUIRIES

Anonymous — Mon, 08 May 2017 22:50:37 GMT

I have about 13 new accounts this past year....probally too many for them...all good and clean on my file..but lots of activity this yeer

Re: NFCU.....INQUIRIES

AverageJoesCredit — Mon, 08 May 2017 23:45:53 GMT

Id wager Navy weighs more on income, utilization and debt to income ratio. Id love to see if people would always include these 3 data points when approved, it would certainly be ...enlightening

Re: NFCU.....INQUIRIES

Glen_M — Mon, 08 May 2017 23:50:15 GMT

Considering how pull-happy NFCU is itself, it would seem odd for them to be sensitive to high numbers of inquiries.

Re: NFCU.....INQUIRIES

Anonymous — Mon, 08 May 2017 23:51:42 GMT

My income is 105000, UTI is 18-20 %....out of 27 accts....5 carry balances....however, lots of these new accts in the last yr with lots of Inq...

Re: NFCU.....INQUIRIES

Aduke1122 — Tue, 09 May 2017 04:23:37 GMT

You maybe taking a risk with your UTi anything over 10 %

Re: NFCU.....INQUIRIES

Anonymous — Tue, 09 May 2017 04:34:38 GMT

I agree..I am gonna get it down to 10 or lower..

Re: NFCU.....INQUIRIES

Gonzozap — Mon, 28 Aug 2017 06:42:12 GMT

@Aduke1122 wrote:
No I don't think they are inquiry sensitive, they can be sensitive to new accounts for me anyways I was given a denial for that reason . They always heavily weigh DTI and UTi

Yep, they do focus a lot on DTI. I had a rep mention that to me. But DTI at a fixed point in time where credit cards are concerned seems almost pointless. After all, if I have 75k of available credit, but right now I'm only using 2% of it, then how meaningful could my static DTI be? Actually, the same situation applies to mortgage approval. As a former mortgage broker, DTI was/is one of the most critical components of approval. But for countess people buying a home, that static DTI at approval/closing is gonna change as soon as they get those keys in their hands since they will end up buying things for the new house. So, a lot of weight is placed on a very, very temporary number.

I'm certain more than a few people will have a DTI issue if they maxed out some of these $25k credit limits. I wonder if NFCU includes the payment on a maxed out NFCU card in the DTI. Probably not.

After saying all that, who the heck am i to talk? It must be working for them.

Re: NFCU.....INQUIRIES

Jimp2323 — Mon, 28 Aug 2017 13:09:46 GMT

@Glen_M wrote:
Considering how pull-happy NFCU is itself, it would seem odd for them to be sensitive to high numbers of inquiries.

It does seem a little one way, but excessive (12--3 of them from Navy) inquiries plus new credit were the reasons they listed for denying me a second card earlier this month.

Re: NFCU.....INQUIRIES

UpperNwGuy — Mon, 28 Aug 2017 13:57:28 GMT

@Anonymous wrote:
I have about 13 new accounts this past year....probally too many for them...all good and clean on my file..but lots of activity this yeer

Hmm.... 13 new accounts and 30+ Experian inquiries. I think you have your answer as to why Amex just gave you a CLD on two of your cards.

Re: NFCU.....INQUIRIES

Anonymous — Mon, 28 Aug 2017 14:19:26 GMT

@UpperNwGuy wrote:
@Anonymous wrote:
I have about 13 new accounts this past year....probally too many for them...all good and clean on my file..but lots of activity this yeer
Hmm.... 13 new accounts and 30+ Experian inquiries. I think you have your answer as to why Amex just gave you a CLD on two of your cards.

Very well could be UpperNwGuy--I have more now than when I wrote that.