topic Re: Apping for NFCU cc today... in Credit Cards

Apping for NFCU cc today...

miltolam — Tue, 21 Aug 2012 16:57:09 GMT

When I get home from work, I'm going to apply for a NFCU line of credit. I've held out for a lil bit in order for my EQ and TU scores to go up a few point. This is my credit picture right now:

EQ 660, TU 649, I have a Cap1 cc $20 balance/$750 CL, Orchard Bank cc $49 balance/$420 CL (had both cc since Sept '11, always on time and under %20 utilization)
Filed Chapt 7 in May '11/discharged August 15th '11. No baddies other than BK and 6 accounts associated with it. 4 inquiries since 9/2011. Income: 73k, Credit History: 17 years.

Based on this information and your experiences, can anyone give a prediction on what my outcome will be. Also, which card(s) should I apply for and would I have better luck calling it in or doing it online? Thanks in advance everyone, you all have been very helpful.

Re: Apping for NFCU cc today...

Anonymous — Tue, 21 Aug 2012 19:08:20 GMT

Hope all goes well.

If you get a "review" message after apping, remember that recon works wonders.

Re: Apping for NFCU cc today...

gettnthere — Tue, 21 Aug 2012 19:10:46 GMT

GoodLuck! NFCU is awesome!

Re: Apping for NFCU cc today...

miltolam — Tue, 21 Aug 2012 19:12:50 GMT

@Anonymous wrote:
Hope all goes well.

If you get a "review" message after apping, remember that recon works wonders.

@lupiin, I just called. The lady said my app has been submitted and will be reviewed...3-5 biz day but call anytime for status.

Re: Apping for NFCU cc today...

aloush11 — Tue, 21 Aug 2012 19:13:45 GMT

Good luck! Keep us posted.

Re: Apping for NFCU cc today...

miltolam — Tue, 21 Aug 2012 19:15:22 GMT

@Everyone...In the event that the outcome is not in my favor. How do you request a "recon" and what does that process entails???

Re: Apping for NFCU cc today...

Anonymous — Tue, 21 Aug 2012 20:06:42 GMT

They don't do recons. You can't call and speak directly to an underwriter. If you got the 3-5 day message that means it got forwarded to underwriting and an actual human will review it and make a decision. In the event you are denied I would recommended you start a secured card with them then build a relationship with them then re apply in 6-12 mos

Re: Apping for NFCU cc today...

Mellon — Tue, 21 Aug 2012 20:20:26 GMT

They do recons. When I was initially denied last year. I sent them a message online and attached my pay stubs. Within an hour I was approved for 2k. Now my cashrewards is 10K.

Re: Apping for NFCU cc today...

miltolam — Tue, 21 Aug 2012 20:24:20 GMT

@Mellon wrote:
They do recons. When I was initially denied last year. I sent them a message online and attached my pay stubs. Within an hour I was approved for 2k. Now my cashrewards is 10K.

@Mellon, in the event I get denied, how should I go about doing a recon? I want to prepare now just in case. I got a very strong feeling that I will get the nod but I'm scared of the unknown, LOL.

Re: Apping for NFCU cc today...

Mellon — Tue, 21 Aug 2012 20:29:08 GMT

shoot them a message (via the online message center) explain why you want the card and attached pay statements. It worked for me

Re: Apping for NFCU cc today...

Anonymous — Wed, 22 Aug 2012 01:21:21 GMT

Good Luck!

Re: Apping for NFCU cc today...

Anonymous — Wed, 22 Aug 2012 01:36:03 GMT

I think your bk is too new to apply. If your initially denied and send them a message they will HP you an additional time there's also a possibility they will pull tu additionally so 3 hp's and they might start you out @ 1000 limit. Sure they are generous and lately they have been crazy with initial limits but they won't approve everybody and some people don't seem to understand that.

Good luck Op let us know the results

Re: Apping for NFCU cc today...

miltolam — Wed, 22 Aug 2012 21:01:57 GMT

@Anonymous wrote:
@I think your bk is too new to apply. If your initially denied and send them a message they will HP you an additional time there's also a possibility they will pull tu additionally so 3 hp's and they might start you out @ 1000 limit. Sure they are generous and lately they have been crazy with initial limits but they won't approve everybody and some people don't seem to understand that.

Good luck Op let us know the results

Just giving everyone an update, I apped yesterday afternoon and was given the "3-5 days wait" still no decision as of yet. I pulled my EQ score/report on her...low and behold, NFCU pulled my EQ CR however, my score was unaffected (thanks God)...660 still it is

I'm going to prep my "recon" letter tonight and gather pay stubs just in case. If all goes well, I think this can have a huge impact on my credit...Keeping fingers crossed!!!

Re: Apping for NFCU cc today...

aloush11 — Wed, 22 Aug 2012 21:09:02 GMT

I have alot of faith in NFCU! Have you called to see if they needed any verification of income or anything else like that? IMO you should call once just to see if they needed verifiaction of anything, then they could continue to process the application without having to wait for snail mail or even an email for you to return.

Re: Apping for NFCU cc today...

gettnthere — Wed, 22 Aug 2012 22:51:47 GMT

@Anonymous wrote:
@I think your bk is too new to apply. If your initially denied and send them a message they will HP you an additional time there's also a possibility they will pull tu additionally so 3 hp's and they might start you out @ 1000 limit. Sure they are generous and lately they have been crazy with initial limits but they won't approve everybody and some people don't seem to understand that.

Good luck Op let us know the results

i got to agree with ROOT on this one. your BK is still really fresh and that may be the main reason for denial. if you recon they will HP you again and still may deny u. if recon is succesfull they will probably start you out with a toy limit and you may NOT be eligible for CLI's or at least not for a very long time. but BEST oF LUCK to you OP

Re: Apping for NFCU cc today...

miltolam — Thu, 23 Aug 2012 08:50:37 GMT

Awww c'mon fellas, where's the optimism and support here??? I said the BK was filed 5/2011, not 5/2012. Anyway, I'm going to call today when I get to work to see if they need anything else as aloush suggested. Will keep you posted, thank you. Say a prayer for me!

Re: Apping for NFCU cc today...

gettnthere — Thu, 23 Aug 2012 10:09:06 GMT

Im sorry, im not trying to be pessimistic. I was just trying to give you an idea of what "might" happen. NFCU is awesome and hopefully you"ll get all the credit you need goodluck

Re: Apping for NFCU cc today...

gettnthere — Thu, 23 Aug 2012 10:11:11 GMT

Keeping fingers crossed for ya!!

Re: Apping for NFCU cc today...

miltolam — Thu, 23 Aug 2012 10:20:14 GMT

@gettnthere wrote:
Im sorry, im not trying to be pessimistic. I was just trying to give you an idea of what "might" happen. NFCU is awesome and hopefully you"ll get all the credit you need goodluck

@I know @Anonymous...just pulling your leg a lil bit, LOL. I'm on the edge of my seat because as I said before, this could have a huge positive impact on my credit future. Just to sum it up, my credit was perfect at one point up until a motorcycle accident. I was clipped from behind by a motorist texting. From there, everything just went downhill. After I was physically able to return to work, it was so hard for me to catch up. Thus, I filed chapter 7 almost a year and half ago. Now, I am financailly stable and making over 70k/yr. I have never been late or had any baddies post bankruptcy. In fact, my utilization as of today is 5%. I have prepped a recon letter explaining all of this more into details. I also have my paystubs on standby just in case. I hope all of these factors are considered in determining my outcome...Prayers are up!!!

Re: Apping for NFCU cc today...

Anonymous — Thu, 23 Aug 2012 10:26:21 GMT

If you have online access you can send that stuff while it is in review. I sent an explanation through my messages when I applied.