@FinStar wrote:
@LP007 wrote:
@pizzadude wrote:@LP007 How long was the underwriting process before you were approved, like 10-15 days? Did they ask you for any additional biz or tax documentation ?
Applied through the business account Marketplace portal. No PDF fill-in application. 3/18-3/24. 6 days.
No Docs asked for.
I have Biz & Pers checking + new Pers CC earlier this month.
Wow. That's like the smoothest and quickest NFCU Business CC approval I've seen...ever 😃
Given the previous and known DPs, most folks typically shied away from even pursuing it.
@LP007- Have you had the business account with NFCU for a very long period? Do you run substantial business transactions or amounts through it? Is your business set up as LLC, S-Corp, Sole Prop, etc.? I suppose the only drawback would be the business reporting (or lack thereof), but still a very decent tradeline.
Did they pull any biz CRAs?
Close to 3-year relation. I run a lot of transactions (deposits, bill pay, transfers, ACH). Account balances $10-20K. LLC.
CRA? Not sure about EQ, but I have 1 from 2/22-3/22 on my EX. It can be from any of the 4 biz apps I did during that period.
My suspision of this efficiency may be due to this new portal. A break from the PDF email in apps. It's now a plug&play application process.
