topic Re: NFCU CLOC in General Credit Topics

NFCU CLOC

SemperFico — Wed, 02 Sep 2015 20:09:09 GMT

Recently I was approved for 15k CLOC, my question is if this counts towards utilization?

Re: NFCU CLOC

gibeon — Wed, 02 Sep 2015 20:52:16 GMT

Yes, it should.

It reports as a revolving line of credit (similar to a credit card).

Also, NFCU will report it mid-cycle.

Re: NFCU CLOC

darkfrosty — Thu, 03 Sep 2015 16:45:36 GMT

Congrats! Did you have to send any pay stubs or anything to get it ?

Re: NFCU CLOC

SemperFico — Fri, 04 Sep 2015 00:43:30 GMT

Not at all, it was approved instantly.

Re: NFCU CLOC

Anonymous — Fri, 04 Sep 2015 22:16:51 GMT

I believe it will only count against ulilization if you use it, otherwise I see no reason it would.

Can I ask what your scores were when you were approved? We have been declined so we are waiting for some inq to age and for our scores to increase. I am hoping making them my primary bank and pumping 6k a month through them will help but I am a little frustrated that other than the auto refi they have not been generous so far.