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navy federal cloc??

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navy federal cloc??

Anyone successfully apply for the navy federal cloc or an auto loan after chapter 7?what were your scores? Spoke on the chat and the rep said there is no timeframe after filing but I know how reps can give incorrect information. So I wanted to see if you guys had any success with this?

 

my Score is 660 and not a full month dc only one  1 inquiry in the last yr on equifax.

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Contributor

Re: navy federal cloc??

Recently Denied, Similar Score, and I have an unsecured Card with them too. Denied as I "exceeded unsecured credit limit" 

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Regular Contributor

Re: navy federal cloc??

NFCU likes to see history with them...I filed Chapter 7 12/14 and joined 06/17.  I was able to get a CR card for $4200 SL within a month and a CLOC for 15K within 90 days along with a Plat card for $8,200.  Sitting today with 11,200 CR, 12,300 Plat and 15K CLOC.  Starting scores were around 610 FICO 8.  New cards they pull Trans not sure which version of FICO and CLI's pull EQ and use FICO 5 with their internal score.   Hope this helps.  May need to just sit tight for at least 6 months before you apply after discharge. 

Chapter 7 Disc 03/2015 As of 09/02/18 **FICO 8 - EQ 658 / TRANS 658 / EXP 687 **FICO 9 - EQ 697 / TRANS 680 / EXP 711
UTL 1% ...TTL CL's $98,500
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Contributor

Re: navy federal cloc??

This information is no longer accurate. NFCU is still BK friendly but will not extend more then a 1k SL untill after 2 years post BK. 

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Re: navy federal cloc??

They approved you for an unsecured? I wonder if I should apply for an unsecured. Was thinking about getting the secured. And trying for
The cloc. But if I could get an unsecured that would be perfect.
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Re: navy federal cloc??

I just read your post. That you applied 1 yr after discharge?! They might not approve
Me as it hasn’t been that long since my discharge.
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