topic Re: NFCU Recon? in Credit Cards

NFCU Recon?

Anonymous — Fri, 25 May 2012 04:59:39 GMT

Does anybody know if they recon do you can get an in-person decision and not a computer one?

Re: NFCU Recon?

Anonymous — Fri, 25 May 2012 05:04:35 GMT

Havent really heard of them reconing at all in any real way. Generous lender and pretty much at least offering secured option

Re: NFCU Recon?

Anonymous — Fri, 25 May 2012 05:14:31 GMT

If you get the 3-5 day message after an application then yes it gets sent over to lending for a manual review. You can't recon with NFCU but on the plus side if you get denied by the computer an actual HUMAN will look over your app for final decision

Re: NFCU Recon?

Anonymous — Fri, 25 May 2012 05:54:57 GMT

What do you mean an actual human will look over for final decision? She took my info, asked me if my CR had changed in the last 30 days and gave me the computer's decision. That was it. She said I'd get the reason in the mail along with my credit score.

Wonder if going in a branch will help?

Re: NFCU Recon?

Anonymous — Fri, 25 May 2012 16:34:32 GMT

what are you wanting to recon? ive never heard of a flat out denial for a credit product with them. if its not instant approval usually you get the 3-5 day message and it gets sent to lending for manual review. the 2 products ive apped for i got the 3-5 day message and the next day ill call card services and ask them to check on my app status right away.

Re: NFCU Recon?

Anonymous — Fri, 25 May 2012 17:13:27 GMT

My useless brother got denied by NFCU. This is what it looked like:

Unfortunately, your request for credit has not met Navy Federal lending criteria for approval, see reason(s) below. You will receive notification by mail at your address of record within the next 5-7 normal mail delivery days which will provide an explanation for the decision. This letter will also explain the appeals process that you may initiate.

Serious delinquency
Delinquency
Time since delinquency is too recent or unknown
Number of accounts with delinquency

Re: NFCU Recon?

Anonymous — Fri, 25 May 2012 17:30:56 GMT

@Anonymous wrote:
My useless brother got denied by NFCU. This is what it looked like:

Unfortunately, your request for credit has not met Navy Federal lending criteria for approval, see reason(s) below. You will receive notification by mail at your address of record within the next 5-7 normal mail delivery days which will provide an explanation for the decision. This letter will also explain the appeals process that you may initiate.

Serious delinquency
Delinquency
Time since delinquency is too recent or unknown
Number of accounts with delinquency

I may not be a credit analysis, but I think your brother has a few delinquencies...

Re: NFCU Recon?

Anonymous — Fri, 25 May 2012 17:46:21 GMT

@Anonymous wrote:
My useless brother got denied by NFCU. This is what it looked like:

Unfortunately, your request for credit has not met Navy Federal lending criteria for approval, see reason(s) below. You will receive notification by mail at your address of record within the next 5-7 normal mail delivery days which will provide an explanation for the decision. This letter will also explain the appeals process that you may initiate.

Serious delinquency
Delinquency
Time since delinquency is too recent or unknown
Number of accounts with delinquency

well they are certainly not going to approve anyone. typically the lowest score ive seen for approval is 600 but the delinquencies have to be fairly old and not too recent.

Re: NFCU Recon?

bichonmom — Fri, 25 May 2012 18:34:59 GMT

>>Current Score: Experian PLUS: 517 (05/10/2012), MyFico Equifax: 440 (04/14/12), Walmart TU FICO: 545 (05/10/12), Equifax Monitoring: 581 (05/25/12)

OP has a pretty low FICO. So, while usually Navy will approve most people -- even with low CL -- there have been many people on this forum who have had to start out w/their secured card. This may be the best option for OP. And then address the reasons for denial.

Re: NFCU Recon?

Anonymous — Fri, 25 May 2012 18:37:33 GMT

That's a brutal fico

Re: NFCU Recon?

Whereis750 — Fri, 25 May 2012 18:51:30 GMT

Anyone know how "old" serious delinquencies must be for NFCU to approve a CC app? I have several 120 day lates on two of my student loans back in 2009. The student loans were made current then paid in full when transferred to another lender. So the lates are just over 3 years old and I have no other negatives.

TU 715 FICO

EQ 696 FICO

Re: NFCU Recon?

Anonymous — Fri, 25 May 2012 19:30:00 GMT

With those scores I wouldn't worry too much about those lates. You have a good chance. They approved me with a util bill reporting from 2007 for 196.00 I had 7 inquiries and only 8 mos. credit history. When i got my score in the mail it did specify basically stating I would've got a better limit but I have a delinquent account too new to credit and too many inquiries lol half of the inquiries are because of them!

Re: NFCU Recon?

Whereis750 — Fri, 25 May 2012 19:37:40 GMT

Thanks! Can't wait to join and app!

Re: NFCU Recon?

Anonymous — Fri, 25 May 2012 21:48:01 GMT

Haven't checked my fico for EQ since I got all except 1 collection and 2 co removed. I wonder if the denial letter will have a fako or fico on it because I see they pulled EQ. Most of my baddies are old and due to fall off in 2012 and I only have 1 cc c/o from first premier back in 2007.

Re: NFCU Recon?

Anonymous — Fri, 25 May 2012 22:07:31 GMT

assuming they pulled eq its the same model you can purchase here on this website. its always fico

Re: NFCU Recon?

Anonymous — Sun, 27 May 2012 08:26:17 GMT

Called and rep says they usually don't come back with an instant decline. She then asked me if I had a a fraud/security alert on my report as this can kick back an instant decline. She said if I get the letter and that is the case, to call back and have it forwarded over to lending for recon.

She helped me get online access since I haven't recieved my later yet. (Rec'd my card and pin though)

The secured card is under my offers.

Re: NFCU Recon?

Anonymous — Sun, 27 May 2012 08:27:35 GMT

so do you know what your eq fico is? you should get the denial letter soon?

Re: NFCU Recon?

Anonymous — Sun, 27 May 2012 08:36:38 GMT

Haven't checked it since before I started my credit repair journey. I guess I'll find out next week sometime. My EQ FAKO (from the EQ website) is 581.

Re: NFCU Recon?

Anonymous — Sun, 27 May 2012 08:51:01 GMT

@Anonymous wrote:
Haven't checked it since before I started my credit repair journey. I guess I'll find out next week sometime. My EQ FAKO (from the EQ website) is 581.

that doesnt mean anything. if you want to see what nfcu pulled it would be a good idea to pull your eq report sold here and it will have the same score nfcu uses

Re: NFCU Recon?

Anonymous — Sun, 27 May 2012 19:30:23 GMT

I'd rather wait til next week to get it for free then pay the 20 to pull it here. I've already done the trial thing so I'd just have to pay for it. Makes more sense to me to wait to get it for a free in a few days.