Hello,
I'm recently discharged and applied with NFCU and have questions.
I decided not to app with CO or Credit One (they judged me so I'm done with them) as I burned both in bk. I'm hoping NFCU will accept us and help us grow. If not I'll give PenFed a shot. We already have Affinity Credit Union but I just want one more account with a diff CU.
For those of your who have NFCU, did you apply for an unsecured loan or CC with NFCU after being DC? How soon did you app for CC? What are the chances they will approve someone right out the gate? I was just going to have some of my savings going into this account to build a positive banking reslationship and hope they offer me something down the line.
I'm kind of nervous coming out of bk. I plan to follow Soul Mastrers plan but must tweak it some.
I've heard some people app for CO right out the gate but I'm really afraid for hard pulls bc my score is low (it made me cringe - increased 20 pts since DC but still poor rating). We need another car so I'm hoping to rebuild and look into getting another car in a few months so I don't want bunch of hard pulls.
Sorry for rambling but hoping to get some insight...thanks!
Thank you! Ok so another question: since I recently submitted my application should I wait for everything to be processed to app for cc? I'm just nervous about having senseless hard pulls. Oh and what's CLOC? is that similar to cc? Or a different type of credit extended?
Oh, I've learned my lesson with CreditOne. They were in the process of trying to judge me but filed just before.
Oh, I've learned my lesson with CreditOne. They were in the process of trying to judge me but filed just before.
CLOC is a line of credit... it's not really a credit card, but is sort of similar. Basically if you needed cash, or overdrafted your account, you could pull money from your line of credit but it would start accruing intrest right away until you paid it back. This is different from a credit card in that you can pay your balance in full and avoid interest charges. A line of credit is typically used in more of an emergency situation for this reason.
Regarding CapOne... you should try the prequal page. It won't be a hard pull and you can see if anything comes up.
If nothing does, there's really no harm in trying to apply anyways. If CapOne has blacklisted you they won't do a hard pull and it won't have an effect on your credit report.
Myself and many others have burned CapOne in BK and got back in right away, so there's really nothing to worry about. If they aren't ready to let you back in they won't even pull your credit, so really no harm no foul in trying to apply.
Decided to give it shot and got the "Thank you for your interest message". So I guess that's a No...
I'll wait and see what nfcu says about my application for an account and go from there 😐
I'll wait and see what nfcu says about my application for an account and go from there 😐
Thank you for explanation! 😊
I didn't even get a secured card offer 😂
call them and ask for reconsideration, explain your situation and tell them you are looking to rebuild your credit, and would be willing to start with a secured card to help build a relationship and see what they say.
Thanks, they are closed today so I'll call tomorrow
Called today and they weren't helpful, basically stated the credit inquiry could be a hard pull. That deterred me from submitting a request for reconsideration. They said they process could take up to 3 weeks and j would be noticed by mail.
I'm kind of bummed....not sure how some people call and get the recon results immediately.
I'm kind of bummed....not sure how some people call and get the recon results immediately.