topic Re: Navy FCU ROCKS!!!!! Approved for $17.5K in Credit Cards

Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 07:27:52 GMT

All I can say is WOW!!!! I just started lurking on MyFico < 60 days ago, and had and EQ score of 529 and TU score of 509. Through disputes with CRA's I was able to raise my EQ score to 650 (as of today) and TU to 611.

I searched CreditBoards and these forums for cards that checked EQ during the application and applied with University FCU in Austin (hometown) and Navy FCU (just joined 2 days ago). I was approved by UFCU for $2,500 (maybe I should have asked for more? ) and was approved by NFCU for $17,500!!!!!!!!!!!

My other cards are all sub-prime (Aspire $1K, Orchard $600 and $400) and I have NEVER had a CC with a limit of more than $2K.

I am soooooo amazed and grateful for all the fantastic information everyone here has shared in these forums. I would never have believed this was possible in such a short period of time and plan on taking VERY good care of these new valuable assets!

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

islandchild82 — Thu, 13 Mar 2008 07:42:18 GMT

Congrats!!!!! That's AWESOME!!!!!

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 07:50:20 GMT

TEX,

what CRA did Navy pull TU,EX,EQ? and what were your scores?

im in Fort Worth.

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 12:25:51 GMT

Congrats! Now I just have to convince a family member to join the navy so I can join the credit union lol

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 13:40:04 GMT

Congrats, Tex!!! No doubt about it. NFCU is AWESOME!!!

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 13:42:04 GMT

Hi Tex, welcome to the forums. And super congrats on NFCU! Wow, What a cl! WTG.

I've heard so many good things about that CU.

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 13:45:24 GMT

Awesome- time to dump the "Toy" cards now-

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 16:09:25 GMT

In reply to "MYMY" and some additional information about my stats when I applied last night (well 2:00 AM this morning).

First of all, I told my wife this morning about my success last night and her jaw nearly hit the floor when I told her I had been approved for $20,000 CL across 2 CC's in less than 10 minutes last night.

NFCU pulled EQ and my score was 650 on the nose.
Filed BK Ch. 13 12/03 and asked to have it dismissed 02/07 (modified loans for secured debt [cars and house], then dealt with unsecured's on my own).
BK 13 is currently reporting as "dismissed" on all 3 bureaus
Have 2 baddies with First Premier and WAMU that were IIB, but since case was dismissed, they are now reporting as "late" again even though they are closed.
Have one collection account left on EQ for $1300, which I am sending DV letter today
Have 4 sub-prime cards with limits from $400 - $1000, all on time for 2 years
Current Util across all revolving credit is 28%
Have 2 auto loans with local CU, both were modified loans in 12/06 and show 14 consecutive on-time payments (some 60 and 90 day lates prior to that).
Have a mortgage that was the same as the cars (modified on 02/07) and current for last 12 months.

That's just about everything that I can give you for a current snapshot when I applied.

I can now say from experience that the rebuilding process can & does work if you're diligent (maybe even relentless) about disputing with CRA's, be polite but firm with everyone you deal with, write DV's when disputes don't work and write GW's when dealing with an OC to get lates removed or status changed. I still have some work to do to get a few baddies removed from TU and EX, but I am well on the road to a "full recovery" and can't thank everyone here enough for their invaluable contributions.

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 16:33:25 GMT

I love reading success stories Tex! Thanks for sharing. (btw, I'm in Arlington.)

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 16:45:36 GMT

tex,

thanks for the detailed info. i already have check/savings acct with Navy, but my Eq 632, might be too low..i am waiting for a few things to drop..

Exuifax in Texas is done by CSC, have you had any experience with them?

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 20:51:58 GMT

Welcome to forums TexCredit,and congrats for the new credit line. hopefully one day i be there .

Well does anyone knows if i am suppose to be in the navy to join a Navy Fedral Credit Union ?

Thanks for your help .

Message Edited by creditdream on 03-13-2008 01:51 PM

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 20:55:05 GMT

Congrats! I'm so happy for you

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 21:02:22 GMT

WTG!

It IS jaw-dropping!

NFCU has been awesome to use over the years (more DH than me - LOL)... now why don't I have one of their cards, I ask myself...

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 21:12:43 GMT

you need to me in the armed forces, contractor, DOD, or work for them..

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Thu, 13 Mar 2008 22:27:02 GMT

I have disputed with CSC and have called them once. Seems like they are impossible to get a hold of on the phone and the CSR I spoke with was semi-OK to deal with. I can tell you that I have had good success disputing with them.

You mentioned your EQ is 632, and I've noticed several people who say they have been approved through NFCU with scores similar to that, with limits in the $3K-$7,500 range, but those are just postings in various forums around the web.

I'd be interested to know what is driving their decisions on CL's, as I applied on the phone, didn't ask for a CL, I was just told, "Congrats, you are approved for $17.5K @ 11.9%". My income is pretty good (~ $100K), but of course my score (650) and the derogs on my report couldn't have been a huge help, but who knows.

Anyone else want to chime in on their approval experience with NFCU, your CL, scores and income (if you're OK with that). Maybe we can find some patterns in approvals and CL's.

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

nathan — Thu, 13 Mar 2008 22:45:52 GMT

Oh God, you got me drolling with that fat cl. I was approved last nov for only $1000 with an eq of 598. My eq is now 661 with only one 5 yr old collection. When I got my first cc with them, my eq was a big mess. i know i will be approved for another card, but my doubt is for how much? I wanted to wait till i hit 680, but it looks like i may be good to go now. My highest cl is @1500 with hooters. I would be very grateful for even $5000, but will i make the cut? I will update the forum when i finally have the courage to apply.

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Fri, 14 Mar 2008 00:49:07 GMT

Nate (may I call you that?), you should GO FOR IT! We had similar stats when I app'ed for the NFCU Flagship in November. My Eq was 668 and I had a 6 year old collection. I was approved for $30K, by far my largest CL. Give NFCU the chance to show you how AWESOME they are!!

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

nathan — Fri, 14 Mar 2008 12:52:22 GMT

Thanks for the info Lucknomore. I was thinking of applying over the phone and asking them if they can use one pull for a cli on my first cc and for a new cc application. Has anybody done this with them?. I am now confused to go for cli or apply for a new cc hoping to get a better cl, i don't want to get two inq.

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Fri, 14 Mar 2008 13:39:46 GMT

You can also just be a relative and have them refer you. My husband referred me not so long ago and I got my own checking that I had my paltry $200 child support direct deposited to. I make 35K.Job about 3yrs Scores are 588. I have four subprime cards with highest limit being $500 and I use about 20% of their limits. No lates for 2 yrs but before that I have $7800 med collection and $7000 repo charge off and 10 med collections,largest being $250 most less than $100. No car or installments at all.I read how NFCU was #2 best credit card behind USAA.)All my cc have annual fee so I thought it would be nice to get a card from NavFed since their minimum limit is $1,000(aside from the no annual fee cards, they also have 2 cards with low annual fees).After reading in another forum how great thier cards are and others successes I applied. They also recommended aiming high for the regular card and that I would probably be offered the annual fee card if not accepted for the other.Well I got the VISA card with NO ANNUAL FEE and said they were rewarding me with my improving credit with a $5000 limit 13.5% int rate

Re: Navy FCU ROCKS!!!!! Approved for $17.5K

Anonymous — Fri, 14 Mar 2008 14:12:07 GMT

Tex,

just applied online but got an error message that redirected to home page

so i called and the CSR took the application by phone..but not an instant approval ...

did you get instant approval? or is this usual?