topic Re: SDFCU Chip and Pin Smart Card Visa in Credit Cards

SDFCU Chip and Pin Smart Card Visa

ficojoe — Fri, 31 Aug 2012 19:53:00 GMT

They asked me to email in a signature and proof of income. Is this a good sign or do they ask everyone for this?

Re: SDFCU Chip and Pin Smart Card Visa

DaveSignal — Fri, 31 Aug 2012 19:55:28 GMT

@ficojoe wrote:
They asked me to email in a signature and proof of income. Is this a good sign or do they ask everyone for this?

I applied at the branch office, but I am pretty sure I signed something for them and gave them some earnings statements. Are you a member already?

Re: SDFCU Chip and Pin Smart Card Visa

ficojoe — Fri, 31 Aug 2012 20:06:25 GMT

@DaveSignal wrote:
@ficojoe wrote:
They asked me to email in a signature and proof of income. Is this a good sign or do they ask everyone for this?
I applied at the branch office, but I am pretty sure I signed something for them and gave them some earnings statements. Are you a member already?

I joined about a month prior but waited to apply for the card until yesterday. My score jumped up pretty good yesterday with some deletes, so I went on an app spree 760 FAKO on Equifax. Lots of Inquiries might scare them. 1 collection from midland might scare them, it is very old, but the way midland reports it looks new and bad, but it is under dispute. My federal tax lien dissapeared yesterday! woo hoo.

I was denied by Grow financial yesterday because I have new credit from NFCU, they told me to call back in 6 months to a year.

Re: SDFCU Chip and Pin Smart Card Visa

DaveSignal — Fri, 31 Aug 2012 20:12:04 GMT

They are going to pull Experian. They base the interest rate off of your EX FICO score. After that, it goes to manual review for card approval.

Re: SDFCU Chip and Pin Smart Card Visa

ficojoe — Fri, 31 Aug 2012 20:32:30 GMT

Experian is not as good as Equifax. Experian shows some 5 year old 120 day lates which keeps the FAKO much lower. tax lien only sows on TU now (should be deleted, but TU is slackin). Hope my Ex is good enough for them.

Re: SDFCU Chip and Pin Smart Card Visa

DaveSignal — Fri, 31 Aug 2012 21:07:38 GMT

They approved me for an 8.9% APR with my 693 on EX. And then they called me the next day to tell me I was not approved for the card. I needed this card though, so I kept working at it. Thankfully, with my extra effort, I got approved a couple weeks after that.

Re: SDFCU Chip and Pin Smart Card Visa

ficojoe — Fri, 31 Aug 2012 21:16:39 GMT

@DaveSignal wrote:
They approved me for an 8.9% APR with my 693 on EX. And then they called me the next day to tell me I was not approved for the card. I needed this card though, so I kept working at it. Thankfully, with my extra effort, I got approved a couple weeks after that.

Thanks. If they deny me, I will ask them to reconsider. What method(s) did you use to reconsider, or, having been through it, what would you suggest for someone else to try if needed?

My Experian FAKO is 690. Not seen a recent FICO.

Re: SDFCU Chip and Pin Smart Card Visa

DaveSignal — Fri, 31 Aug 2012 21:32:59 GMT

Well, I immediately tried to explain myself over the phone when I got the call stating I was denied the card. The rep put some notes in my account and told me that they only would consider my request for reconsideration if it was in writing. And so I wrote a letter. It was very proffesional, on my work letterhead, and written in a manner similar to an official memorandum. The basic nature of it, though, was:

1. I realize that I had this issue on this date in the past but it was becasue blah blah blah.

2. I am awesome. Following are reasons why I am so awesome...

3. signature

After faxing that to the credit loan approval dept, I verified that they got it and waited until a specific day the following week when they have some kind of meeting to go over such written requests. After this meeting had occured, I received another call asking if I would accept $5k.

Re: SDFCU Chip and Pin Smart Card Visa

ficojoe — Sat, 01 Sep 2012 22:32:11 GMT

They emailed me today again looking for 2 years of tax statements. I wonder if that is a good sign or if that is usual operating procedure at SDFCU?

"Please provide the signed copies of your last two years tax returns and also a completed loan application. Once this information is received, reviewed and verified we will contact you with the status of your request."

Re: SDFCU Chip and Pin Smart Card Visa

DaveSignal — Sat, 01 Sep 2012 23:02:28 GMT

I am pretty sure I gave them earnings statements for the past 2 months. I don't remember giving them tax statements. I went in expecting a conservative lender, and I knew my scores would be at the very low range of what they would approve, but I wanted that EMV card with PIN and I was relentless to get it. If they requested my tax returns, I would have found them, signed them, and sent them.

Re: SDFCU Chip and Pin Smart Card Visa

ficojoe — Sat, 01 Sep 2012 23:06:42 GMT

@DaveSignal wrote:
I am pretty sure I gave them earnings statements for the past 2 months. I don't remember giving them tax statements. I went in expecting a conservative lender, and I knew my scores would be at the very low range of what they would approve, but I wanted that EMV card with PIN and I was relentless to get it. If they requested my tax returns, I would have found them, signed them, and sent them.

I sent mine in right away. Hoping for an approval...

Re: SDFCU Chip and Pin Smart Card Visa

ficojoe — Tue, 04 Sep 2012 18:35:51 GMT

@DaveSignal wrote:
Well, I immediately tried to explain myself over the phone when I got the call stating I was denied the card. The rep put some notes in my account and told me that they only would consider my request for reconsideration if it was in writing. And so I wrote a letter. It was very proffesional, on my work letterhead, and written in a manner similar to an official memorandum. The basic nature of it, though, was:

1. I realize that I had this issue on this date in the past but it was becasue blah blah blah.

2. I am awesome. Following are reasons why I am so awesome...

3. signature

After faxing that to the credit loan approval dept, I verified that they got it and waited until a specific day the following week when they have some kind of meeting to go over such written requests. After this meeting had occured, I received another call asking if I would accept $5k.

Can you please give me the fax number you used to send the recon letter? I just got the denial voice mail...

I might need to get into the garden for a while, I've gotten a few denials now for having too much unsecured credit opened recently. I've opened about $30,000 in revolving credit in 2 months time.

Re: SDFCU Chip and Pin Smart Card Visa

DaveSignal — Tue, 04 Sep 2012 19:30:27 GMT

Because

@ficojoe wrote:
Can you please give me the fax number you used to send the recon letter? I just got the denial voice mail...

I might need to get into the garden for a while, I've gotten a few denials now for having too much unsecured credit opened recently. I've opened about $30,000 in revolving credit in 2 months time.

Because I did the whole recon while I was at work, I don't have the fax info on my home computer. But I just called them and asked for a fax number to send my recon. The King Street office is small (this is their primary contact phone number that ends in 5000). I would recommend calling them back and asking about a reconsideration first and then you might get a note in your member account and they can tell you if they will accept a written recon letter. This would also be a good time to get the fax number.

I don't think this is an easy card to get. I think my job gives me an edge over many other applicants when applying at any CU that primarily caters to federal-government employees. Its worth a try though.