topic Re: Navchek Reporting in Credit Cards

Navchek Reporting

mikie209 — Mon, 28 Oct 2013 02:54:50 GMT

Does the NFCU OLOC automatically report to your credit report with $0 balance or do you have to use some of it for it to show up on your report? I was approved for the OLOC (Navchek) and it shows in my account on NFCU but not on my credit report. My CC i got from them a week later is already reporting but not the navchek. Just curious. Thanks

Re: Navchek Reporting

Scupra — Mon, 28 Oct 2013 04:00:08 GMT

Navy can drag their feet sometimes.

Re: Navchek Reporting

Anonymous — Mon, 28 Oct 2013 20:07:33 GMT

I think the LOC is handled by a different lending department. According to my Equifax, my cc's were pulled by the Merrifield, VA office, but my LOC was pulled by the Vienna, VA office. Merrifield seems locked on as far as reporting goes since both my cards started reporting within a month. Vienna's a bit slow on the draw though... I've read it might even take up to a few months.

Re: Navchek Reporting

Anonymous — Tue, 05 Nov 2013 03:05:10 GMT

Mine is reporting now with 0 balance. FAX'ed in the loan agreement on 10/1/2013, reporting 10/31/2013.

Type of Account : Line of Credit (vs Revolving for CC)

Type of Loan: Line of Credit (vs Credit Card for CC)

Utilization super-boost!

Re: Navchek Reporting

jgodfrey82 — Tue, 05 Nov 2013 02:58:47 GMT

I just opened mine 10 days ago and it showed up on my reports today.. I did however empty my checking to savings, then overdraft on a 2nd transfer to my savings just to see how it worked. I paid the LOC back within 10 minutes, but maybe the activity spurred the reporting? It shows $0 balance 15k available, and it didn't even cost me any interest for the 10 minutes.

Also mine shows as a loan, not a credit card as some indicated it would, anyone seen this? It still added the limit to my total available.. weird.. maybe just credit karma and amex secure credit and how they categorize it.

Re: Navchek Reporting

Anonymous — Tue, 05 Nov 2013 03:23:19 GMT

jgodfrey,

I pulled from Equifax, and the LOC (15K here also, too easy, son!) is counting as a revolving, not installment or other.

Credit Karma did not count it as one my "credit cards" however, like you said.

Re: Navchek Reporting

jgodfrey82 — Tue, 05 Nov 2013 03:29:36 GMT

Watch44.. im so excited to have the the extra 15k available, not only for the util, but to loan to myself... I want a penfed LOC next, but I am not even a member amd heard they are tough, bit give large CL LOC?

I can envision myself writing the full 15k over to myself for use in flipping a house, car, boat, watch or anything else I can make some profit on by having the spending power. .

Re: Navchek Reporting

Anonymous — Tue, 05 Nov 2013 04:35:30 GMT

I was going to use it as my get out of jail fund. But your idea is certainly much better.

Re: Navchek Reporting

jgodfrey82 — Tue, 05 Nov 2013 04:47:19 GMT

I tell all my friends to remember my phone #, i got their bail money