Consider NASA...questions

[Jlu]

Damn I wanted a fifth concierge to call when I need someone to talk to since it's a lot cheaper than getting a therapist and/or girlfriend. They usually listen for a good 10 minutes before telling me they're sorry to hear about my cat's problems but they have to terminate the call

[Burned2manybridgesB4]

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@juggalo9er wrote:

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@Burned2manybridgesB4 wrote:

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@juggalo9er wrote:

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@Burned2manybridgesB4 wrote:

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@Jlu wrote:

Does anyone know if NASA has an option to upgrade or be issued a Visa Signature? I'm assuming the one they are sending out is going to be a regular Visa.

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Doesn't look like it's an option.

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i want a siggy or nothing!

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Nothing it is.....

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its like amex, the siggy makes you feel special and little else!

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I loves me Amex Siggy...er...I mean charge card...

[red259]

Not to rain on people's parade, but is there any chance but getting such a large credit line on a weaker credit profile that other lenders may start denying for the reason of having too much outstanding credit? Or do lenders only care about outstanding credit with them? The reason I ask is it would be nice to pick up 25k of available credit for util purposes, but I'm not interested in sacrificing my chances at valuable rewards cards to do so. Also, I think its only a matter of time before people start defaulting on these cards (this appears to be reckless lending) and the lenders begin taking AA. Something that sounds too good to be true usually is. 

[Burned2manybridgesB4]

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@red259 wrote:

Not to rain on people's parade, but is there any chance but getting such a large credit line on a weaker credit profile that other lenders may start denying for the reason of having too much outstanding credit? Or do lenders only care about outstanding credit with them? The reason I ask is it would be nice to pick up 25k of available credit for util purposes, but I'm not interested in sacrificing my chances at valuable rewards cards to do so. Also, I think its only a matter of time before people start defaulting on these cards (this appears to be reckless lending) and the lenders begin taking AA. Something that sounds too good to be true usually is. 

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There's always a chance of exposure risk, and AA. Your payment history, and length of credit history determine your risk. There will most assuredly be AA down the road for a few.

[Firehorse]

Jeebus. Finally had membership approved. Applied on Tuesday. Their mortgage loan offers are remarkable. They too seem too good to be true the more I think about it.

0% down on a Jumbo fixed rate loan with no PMI. Just seems crazy after the foreclosure fiasco. I don't even how that kind of loan is even possible.

[Anonymous]

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@Firehorse wrote:

Jeebus. Finally had membership approved. Applied on Tuesday. Their mortgage loan offers are remarkable. They too seem too good to be true the more I think about it.

0% down on a Jumbo fixed rate loan with no PMI. Just seems crazy after the foreclosure fiasco. I don't even how that kind of loan is even possible.

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Well, in the foreclosure crisis, they were given such offers to everyone, so this could be OK if they only gave it to those clearly well-qualified.   But, given the amount of early 30K credit card CLs we saw given out to those with no comparable cards, not sure that financial conservatism rules here!

[Anonymous]

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@Firehorse wrote:

Jeebus. Finally had membership approved. Applied on Tuesday. Their mortgage loan offers are remarkable. They too seem too good to be true the more I think about it.

0% down on a Jumbo fixed rate loan with no PMI. Just seems crazy after the foreclosure fiasco. I don't even how that kind of loan is even possible.

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Community Banks and Credit Unions(or any bank for that matter) can due whatever they want with mortgages to a certain extent if they intend to hold the debt themselves.  All the regulations that are set forth by Fannie Mae, which make a mortgage "conforming" only matters if an institution wants to sell the debt to be securitized by investment firms.  If a mortgage conforms to the standards set by Fannie Mae they are guaranteed to be sellable.  If an insituiton has no desire to sell the mortgages to be bundled into investments it doesn't matter.

However most banks due sell them, hence all the requirements.

[Firehorse]

I'm curious how fast NASA will report the new TL for those who got it. Let us know when you see it on your CRAs.

[TheFlores]

I appd after membership, sp only so far. 20k. Still haven't got any docs. Instant approved. Would ploc still be soft pull. And how does that report. revolving or installment

[Spikenit]

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@Firehorse wrote:

I'm curious how fast NASA will report the new TL for those who got it. Let us know when you see it on your CRAs.

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Instant Approved last Sunday evening. Hard pull logged on EX Monday. TL reported to EX by Wednesday evening. As of tonight (Sat.), it's reported on all three.