NFCU questions

[Anonymous]

---

@Guyatthebeach wrote:
Heltmeraiseit is 100% correct. I was denied when I applied after my bankruptcy. I did not get approved until after a year post bankruptcy.

Don't worry, There are other cards out there.

Hang in there it will get better.

---

The general policy is to not approve members for an unsecured card until 1 year post discharge. That's not to say that exceptions can't be made, but this post is in line with policy.

[Anonymous]

I would do a Recon but feel your best bet is to do a secured card to get in the door.  I had a CH13 so it was harder to rebuild than a CH7 and I burned AMEX, Chase, Citi and USAA so I was limited to my debit card for years.  After discharge I applied to NFCU for a Secured loan and funded a secured credit card w/that same amount.  After I think a year of usage and paying off both the secured loan and credit card, my card became unsecured and I am now getting approved for everything except AMEX (although I have a Penfed Amex) and Citi.  $500 is all it takes to establish two lines that report to all three and then opens the door to NFCU.  Just my .02.  Cheers. 

[CreditExpressNJ]

---

@Anonymous wrote:

I would do a Recon but feel your best bet is to do a secured card to get in the door.  I had a CH13 so it was harder to rebuild than a CH7 and I burned AMEX, Chase, Citi and USAA so I was limited to my debit card for years.  After discharge I applied to NFCU for a Secured loan and funded a secured credit card w/that same amount.  After I think a year of usage and paying off both the secured loan and credit card, my card became unsecured and I am now getting approved for everything except AMEX (although I have a Penfed Amex) and Citi.  $500 is all it takes to establish two lines that report to all three and then opens the door to NFCU.  Just my .02.  Cheers. 

---

I will be starting to rebuild and I am curious to hear about your rebuild as its the route i plan on going... So when i try for a secured loan i should ask taht it be applied to a secured credit card or can you elaborate more please.. As i thought they were seperate trades totally....

[Anonymous]

---

@shaun2009 wrote:

---

@Anonymous wrote:

I would do a Recon but feel your best bet is to do a secured card to get in the door.  I had a CH13 so it was harder to rebuild than a CH7 and I burned AMEX, Chase, Citi and USAA so I was limited to my debit card for years.  After discharge I applied to NFCU for a Secured loan and funded a secured credit card w/that same amount.  After I think a year of usage and paying off both the secured loan and credit card, my card became unsecured and I am now getting approved for everything except AMEX (although I have a Penfed Amex) and Citi.  $500 is all it takes to establish two lines that report to all three and then opens the door to NFCU.  Just my .02.  Cheers. 

---

I will be starting to rebuild and I am curious to hear about your rebuild as its the route i plan on going... So when i try for a secured loan i should ask taht it be applied to a secured credit card or can you elaborate more please.. As i thought they were seperate trades totally....

---

They cut you a check once the loan has been established > Turn around and use the proceeds as collateral for the secured cc > Continue to pay on the loan. 

[Anonymous]

So if nfcu is included you arrange to pay after bk is discharged

[Anonymous]

---

@Anonymous wrote:
So if nfcu is included you arrange to pay after bk is discharged

---

I don't fully understand your question. Are you asking about the process to repay a Navy Federal debt that has been included in discharge? If that's the case, you would contact the bankruptcy department. They'll have you sign a form stating you are voluntarily repaying back a discharged debt (though you have no obligation to do pay). 

I would carefully consider the value of repaying a debt included in bankruptcy before paying it off. Unless the debt is a small amount, it often isn't the best financial move to repay a discharged debt for the sole reason of being able to get credit again from a particular bank/credit union.

[Anonymous]

Yes I just love nfcu even when I was in debt and behind they still helped and are very pleasant EVERY time I call. I really love that bank. And they gave me a chance when no one else did..