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I've been scouring the boards for every possible way to improve my odds for a big SL for my second card with NFCU (app in July). If there's any other suggestions, please send them my way!
Relationship:
Membership - 3 yrs
More Rewards card ($3,000) - 3 yrs (never late)
Checking and Savings - 3 yrs
Direct deposit - 3 yrs
Campus checking (for son) - 2 yrs
25k home improvement loan - 2.5 years (paid 12.5/25k so far, never late)
Newly added:
EasyStart CD: 50.00/12 mo
Product change everyday checking to Flagship checking, deposited additional 5k (did not have high balances).
Just paid off $8500 of $8700 credit card balances across the board.
Removed myself as an AU on a maxed out Cap 1 card.
2 of my last 3 baddies are off in June (1 in September).
DTI: 41%
Income: 79k
Inquiries: Zero (they were the last pull in August of 2021)
I see people talk about pledge loans, however, with my home improvement loan, I don't think that would help, but I could be wrong. I have a very good account mix (cc's, mortgage, student and nfcu loan).
THESE SCORES DO NOT REFLECT THE $8500 JUST PAID. I do expect a decent bump from bringing my util from 85% to 4% and 2 out of my last 3 charge offs falling off.
T9: 645
T8: 690
If there's something more I can do, let me know!
Thank you ❤️
Your DTI needs to come down and the negatives need to come off your report to give you the best chances. Navy is big on DTI
@CreditPoor wrote:Your DTI needs to come down and the negatives need to come off your report to give you the best chances. Navy is big on DTI
What DTI do they like?
My mortgage has a co-borrower and they contribute about $800/mo to the $2200 payment, but I'm not sure if, or how, I can include that in my income.
Also, I forgot to mention inquiries on my original post, so I'll add them (zero)
Seems like the drop in utilization should boost your score.
I took my $1k More Rewards to $30k in less than 3 years. You should be requesting CLIs.
I got the $25k limit on my first card. Then $1k on my second. Messed up my plan but I'm good now.
@Twotimesacharm wrote:I've been scouring the boards for every possible way to improve my odds for a big SL for my second card with NFCU (app in July). If there's any other suggestions, please send them my way!
Relationship:
Membership - 3 yrs
More Rewards card ($3,000) - 3 yrs (never late)
Checking and Savings - 3 yrs
Direct deposit - 3 yrs
Campus checking (for son) - 2 yrs
25k home improvement loan - 2.5 years (paid 12.5/25k so far, never late)
Newly added:
EasyStart CD: 50.00/12 mo
Product change everyday checking to Flagship checking, deposited additional 5k (did not have high balances).
Just paid off $8500 of $8700 credit card balances across the board.
Removed myself as an AU on a maxed out Cap 1 card.
2 of my last 3 baddies are off in June (1 in September).
DTI: 41%
Income: 79k
Inquiries: Zero (they were the last pull in August of 2021)
I see people talk about pledge loans, however, with my home improvement loan, I don't think that would help, but I could be wrong. I have a very good account mix (cc's, mortgage, student and nfcu loan).
THESE SCORES DO NOT REFLECT THE $8500 JUST PAID. I do expect a decent bump from bringing my util from 85% to 4% and 2 out of my last 3 charge offs falling off.
T9: 645
T8: 690
If there's something more I can do, let me know!
Thank you ❤️
You'll be in good shape once the payments are reported. Just give it a couple of months, so that NFCU's soft pull will reflect them.
@pakratus wrote:I took my $1k More Rewards to $30k in less than 3 years. You should be requesting CLIs.
I got the $25k limit on my first card. Then $1k on my second. Messed up my plan but I'm good now.
I plan on a CLI request right after the second app. Hopefully I get both!
@SouthJamaica wrote:You'll be in good shape once the payments are reported. Just give it a couple of months, so that NFCU's soft pull will reflect them.
Thanks!
Agree with other posters. Your DTI % needs to come down.
I got 4.5K with my Cash Rewards card. Got it to $8K after 2 years, then within 3 months got the Flagship and then the Amex, both starting at $25K.
@md_rebuild wrote:Agree with other posters. Your DTI % needs to come down.
I got 4.5K with my Cash Rewards card. Got it to $8K after 2 years, then within 3 months got the Flagship and then the Amex, both starting at $25K.
What DTI do they like to see? I generally don't add my husband's income as he owns his own business and it fluctuates, but it would certainly bring it down.