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Credit Union Follies: a short story of one man simultaneously cast as Trash & Treasure

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Credit Union Follies: a short story of one man simultaneously cast as Trash & Treasure

I got the FCU Fever. Who hasn't? For months I've been reading of these great SLs being dropped left & right. Who doesn't want some? I wasn't content with just Navy & RBFCU & Perfed (yuk) so I researched many of the marvelous FCUs and reached out to several my research suggested would react favorably to my profile. Exciting stuff! My results from the last 7-10 days (Foreshadowing Alert! 7-10 days, get it?):

 

Langley: HP EQ & no membership because they couldn't verify I am me -- to be continued;

 

TDESCU: HP TU & then denied me membership: Egyptian-type message delivered over telephone;

 

Alliant: HP TU & denied CC because of too much unsecured credit;

 

Chartway: Membership easy but denied CC -- HP EQ -- because too many Inq & recent Accts; message delivered over telephone -- said I could write a recon letter to Lending, if I chose);

 

Penfed: Denied SP CLI @ Month 7; this CC, and total exposure to Penfed, remains at 2K.

 

Meanwhile:

 

NFCU approved two CLI -- HP EQ -- plus a 3rd card -- HP TU -- after only 8 months of membership, bringing total CLs to over 60K;

 

RBFCU approved a CC CLI -- HP TU -- of 12K bringing new total to 20K after 3 1/2 months of membership. I'll probably now also app for a PLOC to make full use of this HP.

 

Same me. Same information input. Radically different results. What can we ascertain from this Jolly Jaunt of mine?

 

1) Time for me to slow down (I've heard there's a Garden around here -- is it lovely?);

2) WALDT (goes for FCUs too -- why begrudge them their druthers?) & YMMV.  Always.

 

Least that's what I took from it. But I'm open to learning something else. Amusing, no?

 

 

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (03/3/2020): FICO 08 EXP: 749; TU: 758; EQ: 761
2019 Goal Score: 800 across the board


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Message 1 of 16
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Moderator

Re: Credit Union Follies: a short story of one man simultaneously cast as Trash & Treasure

Yeah, James, we need to plant you firmly in the Garden. 

 

I admire your tenacity, tho. I'd be crying in the corner at the second nope

Message 2 of 16
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Valued Contributor

Re: Credit Union Follies: a short story of one man simultaneously cast as Trash & Treasure


@Remedios wrote:

Yeah, James, we need to plant you firmly in the Garden. 

 

How "planted"? Like a plant planted? Just sit there and look like a plant planted? 

 

I admire your tenacity, tho. I'd be crying in the corner at the second nope


Well they all kind of went out in a flurry & returned in a flurry. No time to mope. But now ...?

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (03/3/2020): FICO 08 EXP: 749; TU: 758; EQ: 761
2019 Goal Score: 800 across the board


Take the myFICO Fitness Challenge
Message 3 of 16
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Community Leader
Super Contributor

Re: Credit Union Follies: a short story of one man simultaneously cast as Trash & Treasure

If you'd asked, I would have warned about apping CUs. Most of them are very conservative. Unless they give me a solid pre-approval, I don't do CC apps with them.
The larger banks as a whole are much more lenient.
If you want approvals, hit the banks like Commerce, Union bank, SunTrust, BB&T, BMO-Harris and BBVA if in your area.
Message 4 of 16
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Valued Contributor

Re: Credit Union Follies: a short story of one man simultaneously cast as Trash & Treasure


@Gmood1 wrote:
If you'd asked, I would have warned about apping CUs. Most of them are very conservative. Unless they give me a solid pre-approval, I don't do CC apps with them.
The larger banks as a whole are much more lenient.
If you want approvals, hit the banks like Commerce, Union, SunTrust and BBVA if in your area.

Live & learn (hopefully). Thanks for the tip. 

And maybe my Follies will benefit someone else. That's my hope. 

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (03/3/2020): FICO 08 EXP: 749; TU: 758; EQ: 761
2019 Goal Score: 800 across the board


Take the myFICO Fitness Challenge
Message 5 of 16
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Community Leader
Mega Contributor

Re: Credit Union Follies: a short story of one man simultaneously cast as Trash & Treasure

You got the itch huh?Smiley Wink Forget gardening, the only true cure is some more COWBELL!!Smiley Happy
Message 6 of 16
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Super Contributor

Re: Credit Union Follies: a short story of one man simultaneously cast as Trash & Treasure

This was painful to read

 

Sorry James



3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>04/2020 CCT EX 834 TU 848 EQ 844

I'd get it one piece at a time
And it wouldn't cost me a dime
You'll know it's me when I come through your town
I'm gonna ride around in style
I'm gonna drive everybody wild
'Cause I'll have the only one there is around.

- Johnny Cash One Piece At A Time
Message 7 of 16
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Frequent Contributor

Re: Credit Union Follies: a short story of one man simultaneously cast as Trash & Treasure

I did a similar thing.

TDECU- Approved membership and was only approved for $2K credit card.

Langley - Approved membership and was only approved for $2K credit card. Required POI, which I can provide but passed on the credit card. Will apply again in the future.

NASA - Approved membership but denied twice for credit card.

DCU - Approved Membership, also approved for $5K credit card which is now a $10K SL with preapproved $5K CLI.

First Tech CU - Denied Membership

SSFCU - $5K Card & $5K LOC

NFCU - $20K & $15K credit cards, $15K cloc

Penfed - $10K Credit Card, $10K Loc (denied several times for CLI and new credit card)

RBFCU - $25K Credit Card, denied line of credit


Message 8 of 16
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Valued Contributor

Re: Credit Union Follies: a short story of one man simultaneously cast as Trash & Treasure


@Df82 wrote:
I did a similar thing.

Wow. Thanks for the DPs. Did you do your apps as part of a spree or an extended period of time?

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (03/3/2020): FICO 08 EXP: 749; TU: 758; EQ: 761
2019 Goal Score: 800 across the board


Take the myFICO Fitness Challenge
Message 9 of 16
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Valued Contributor

Re: Credit Union Follies: a short story of one man simultaneously cast as Trash & Treasure

Ouch @ James. I would be in the corner with Remedios with a box of Kleenex after the first denial. Maybe not a box, a case sounds more sufficient..


Scores - All bureaus 756 +
TCL - Est. $275K
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