@Anonymous wrote:I live in Orange County CA and I app'd on 2/27/19 - I was denied.
I called their Loan Servicing Department, and I spoke with a supervisor who explained the denial was due to me having too much available credit. She specifically said, "your available credit cannot exceed more than 25% of your income".
I'm a risk to their organization in other words.
I asked what it would take for an approval... I was told to payoff Lending Club and reapply in one year.
DCU pulled my Equifax Credit Report.My Equifax FICO 9 Score was 732 (per PenFed - I bank with PenFed).
My UTL was 8%.
Income is 65k.
I have a personal loan through Lending Club for 23k.
- NuVisionFCU - 1k (opened 8/2012)
- CapitalOne Quicksilver Rewards - CL $10,500 (opened 12/2014)
- JCPenney Store CC - CL 6k (opened 12/2014)
- Disc. IT - CL $13,500 (opened 10/2018)
- BofA Cash Rewards - CL 5k (opened 10/2018)
- NFCU - CL 25k (opened 10/2018)
- PenFed Power Cash Rewards - CL 10k (opened 10/2018)
Feel free to ask me any questions!
The reason they gave you for the denial is crazy. I don't think the person you spoke to knew what she was talking about.
@Gmood1 wrote:
@Anonymous wrote:I live in Orange County CA and I app'd on 2/27/19 - I was denied.
I called their Loan Servicing Department, and I spoke with a supervisor who explained the denial was due to me having too much available credit. She specifically said, "your available credit cannot exceed more than 25% of your income".
I'm a risk to their organization in other words.
I asked what it would take for an approval... I was told to payoff Lending Club and reapply in one year.
DCU pulled my Equifax Credit Report.My Equifax FICO 9 Score was 732 (per PenFed - I bank with PenFed).
My UTL was 8%.
Income is 65k.
I have a personal loan through Lending Club for 23k.
- NuVisionFCU - 1k (opened 8/2012)
- CapitalOne Quicksilver Rewards - CL $10,500 (opened 12/2014)
- JCPenney Store CC - CL 6k (opened 12/2014)
- Disc. IT - CL $13,500 (opened 10/2018)
- BofA Cash Rewards - CL 5k (opened 10/2018)
- NFCU - CL 25k (opened 10/2018)
- PenFed Power Cash Rewards - CL 10k (opened 10/2018)
Feel free to ask me any questions!
It must have been the Lending club loan. As I was instantly approved for the same card a few months ago.
The supervisor just gave you an excuse really. My available credit limits well exceed my household income by 25%, more like 700%. lol
Sometimes the CU's can be finicky. There are many here with limits well passed 25% of their income.
Ditto.
OP, If lenders went by that anaology, there are a lot of MyFICOers who would have been denied additional credit, especially me. I mean really! My income is $73K and my total CL is $133K, and there are far more people who CLs exceeds mine by a long shot.Take @Gmood1 for instance 
@AverageJoesCredit wrote:
Just close your Navy card to appease the digital credit gods
OP, you know @Anonymous is joking, right. Don't you dare close your NFCU card! 
@DaveInAZ wrote:"your available credit cannot exceed more than 25% of your income".
- I would have asked "So, DCU is your day job - are you a stand up comedian at night?"
Help me remember... Is DCU what OCTFCU (Orange Co. Teachers FCU) became?
That excuse is LMAO! I hoped you laughed uncontrollably into the phone Like I always say, "Go where your business is appreciated!"
DCU is Digital Credit Union they are based out of Mass i think......
On another note i got a 2k card with them but I just had my cars refinaced at my local credit union with no problem I asked about a CC since they all ready pulled my credit was told that my Avi credit was too much so basicaly the same you got i got 90k avi credit only 4% uti thou and make about 70k a year
