topic Re: Navy Federal Credit Score in General Credit Topics

Navy Federal Credit Score

Marths — Sun, 15 Nov 2020 17:38:52 GMT

I recently applied for an NFCU card and in the mail yesterday I recieved the credit notification of the score they used, etc and I noticed that they didn't use any major CB scores. The score I was given was a NFCU specific score. Does anyone have any experience with these scores and have any insight on how it's weighed? I'm not really sure what I'm looking at with this score.

Thanks a bunch!

Re: Navy Federal Credit Score

M_Smart007 — Sun, 15 Nov 2020 18:16:00 GMT

@Marths wrote:
I recently applied for an NFCU card and in the mail yesterday I recieved the credit notification of the score they used, etc and I noticed that they didn't use any major CB scores. The score I was given was a NFCU specific score. Does anyone have any experience with these scores and have any insight on how it's weighed? I'm not really sure what I'm looking at with this score.

Thanks a bunch!

Hi @Marths ,

NFCU uses their own internal scoring, it is based on several things.

No one really know's the secret recipe. (well maybe the underwriter's)

Sorry, I could not be of more help.

Re: Navy Federal Credit Score

Girlzilla88 — Sun, 15 Nov 2020 19:47:27 GMT

@Marths I agree with @M_Smart007 From everything I have read and everyone at NF I have spoken with even a lot of them are kept in the (unknown) about it....Best recommendation I can see is that they like lower/low UTL and LENGTH/relationship with them

Re: Navy Federal Credit Score

Mr_Mojo_Risin — Sun, 15 Nov 2020 23:37:54 GMT

Like others have said, NFCU doesn't advertise what goes into their internal score.

From many DP's they seem to like low DTI and length of history with them as @Girlzilla88 mentioned.

Re: Navy Federal Credit Score

Anonymous — Mon, 16 Nov 2020 05:47:23 GMT

I agree DTI and length of relationship play a big part, but no one really knows the recipe as stated. I am surprised they didn’t pull a major bureau simultaneously.

Re: Navy Federal Credit Score

SouthJamaica — Mon, 16 Nov 2020 19:51:26 GMT

@Anonymous wrote:
I agree DTI and length of relationship play a big part, but no one really knows the recipe as stated. I am surprised they didn’t pull a major bureau simultaneously.

They probably did pull a major bureau for the data, then applied their own algorithm to it for the score.

Re: Navy Federal Credit Score

Girlzilla88 — Mon, 16 Nov 2020 20:01:20 GMT

A side note one of the NF agents mentioned was that they do really like 700 and above, if it's under 700 in the 600s it can be hit or miss depending on profile. ^^

Re: Navy Federal Credit Score

Mr_Mojo_Risin — Mon, 16 Nov 2020 21:31:10 GMT

@Girlzilla88 wrote:
A side note one of the NF agents mentioned was that they do really like 700 and above, if it's under 700 in the 600s it can be hit or miss depending on profile. ^^

Don't think I've heard that. That's good for DP's!

Re: Navy Federal Credit Score

Girlzilla88 — Mon, 16 Nov 2020 22:34:08 GMT

@Mr_Mojo_Risin I thought that was neat to know as well we had spoke in length after he mentioned the OOPS program they have and I was talking to him about doing a second card etc as far as what they look for and what they like/don't like....He pretty much said the same we all know as far as they do their own thing, internal scoring, that they don't even really know etc but he said 700 and up is a noticeble difference and likely easier approved and how the 600 range is hit or miss it really just digs down more to the profile and of course length with them because I told him I was curious about 650 vs 700 if that would make a difference at all or not?! ^^

Re: Navy Federal Credit Score

Mr_Mojo_Risin — Mon, 16 Nov 2020 23:01:00 GMT

That sounded like a great conversation! Thanks for bringing it back to the gang!!

We love those DP's!! 🤣

Re: Navy Federal Credit Score

Marths — Tue, 17 Nov 2020 12:55:15 GMT

@Anonymous wrote:
I agree DTI and length of relationship play a big part, but no one really knows the recipe as stated. I am surprised they didn’t pull a major bureau simultaneously.

They did leave a nice HP on TU; however, the letter that I recieved did not have my TU score on it so I assume it's as @SouthJamaica said.

I believe they use Vantage 3.0 scores for their initial pull which Credit Karma uses, and accoring to that app I had a 710 at the time of the HP. NFCU seems to give as much advantage to their members as they can. I really haven't heard of any other creditors that use the model.

Also thank you @Girlzilla88 for that information. While it seems there really isn't any, it is a step into at least an idea of how the weigh it.