Help with new credit card applications and the possibility of getting approved

[Anonymous]

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@AllZero wrote:
I see you had a USAA account.

Are you a member of NFCU? If not, have you considered becomg a member?

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Yes, USAA is now in my review mirror.

NFCU: I am not a member. I am hoping that I could join and build a long mutual benificial relationship with them. I am not sure how they will respond to my credit history. I am rebuilding and on the right track, but not sure if I am up to their standards. I recently joined another credit union back in december of 2020 and they treated me like dirt because of my credit issues. I told them I am rebuilding and will pay all collection accounts within 45 days other than EOSA and USAA due to unethical business practices. So I have kept my side of the bargin and they are still the same. So I need a credit union that will work with me and watch me grow and be apart of that.

I hope my application will be accepted by NFCU. Do you have any suggestions about them and how I can approach building a good history with them with my current credit situation?

Thanks for your help.

[AllZero]

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@Anonymous wrote:

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@AllZero wrote:
I see you had a USAA account.

Are you a member of NFCU? If not, have you considered becomg a member?

---

Yes, USAA is now in my review mirror.

NFCU: I am not a member. I am hoping that I could join and build a long mutual benificial relationship with them. I am not sure how they will respond to my credit history. I am rebuilding and on the right track, but not sure if I am up to their standards. I recently joined another credit union back in december of 2020 and they treated me like dirt because of my credit issues. I told them I am rebuilding and will pay all collection accounts within 45 days other than EOSA and USAA due to unethical business practices. So I have kept my side of the bargin and they are still the same. So I need a credit union that will work with me and watch me grow and be apart of that.

I hope my application will be accepted by NFCU. Do you have any suggestions about them and how I can approach building a good history with them with my current credit situation?

Thanks for your help.

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I'd recommend joining for membership now. It should be a SP Soft Pull inquiry for membership. Let your membership marinate until your reports have cleaned up a bit before seeking credit products.

To enhance your membership, you can try having your employment DD Direct Deposit go through NFCU. They also allow 1 day early DD.

NFCU also has one of the best secured card out there, nRewards. It usually graduates around 7-8 months, IIRC.

For your reading pleasure. Navy Federal Thread for CLI and Additional Cards

[Anonymous]

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@AllZero wrote:

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@Anonymous wrote:

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@AllZero wrote:
I see you had a USAA account.

Are you a member of NFCU? If not, have you considered becomg a member?

---

Yes, USAA is now in my review mirror.

NFCU: I am not a member. I am hoping that I could join and build a long mutual benificial relationship with them. I am not sure how they will respond to my credit history. I am rebuilding and on the right track, but not sure if I am up to their standards. I recently joined another credit union back in december of 2020 and they treated me like dirt because of my credit issues. I told them I am rebuilding and will pay all collection accounts within 45 days other than EOSA and USAA due to unethical business practices. So I have kept my side of the bargin and they are still the same. So I need a credit union that will work with me and watch me grow and be apart of that.

I hope my application will be accepted by NFCU. Do you have any suggestions about them and how I can approach building a good history with them with my current credit situation?

Thanks for your help.

---

I'd recommend joining for membership now. It should be a SP Soft Pull inquiry for membership. Let your membership marinate until your reports have cleaned up a bit before seeking credit products.

To enhance your membership, you can try having your employment DD Direct Deposit go through NFCU. They also allow 1 day early DD.

NFCU also has one of the best secured card out there, nRewards. It usually graduates around 7-8 months, IIRC.

For your reading pleasure. Navy Federal Thread for CLI and Additional Cards

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Thank you for this information. It is some of the best info and advice that I have received. Really appreciate it. Off to reading the thread.

[DarkKnight_Credit]

Hi, I'm new here.

I've been in a similar situation with the OP. I did PFD, which my collections reached to zero.

With Capital One, they seem to approve users with less than perfect credit. I got approved for their card in the low 600s. Probably like 630-640 range. 

I recently got approved with AMEX with a score averaging around the 660s last month in December after I made a settlement with an auto loan (which my car got a repo years back) around November. AMEX haven't got reported onto my report as of yet. I think it takes about 2 months. 

[Anonymous]

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@DarkKnight_Credit wrote:

Hi, I'm new here.

I've been in a similar situation with the OP. I did PFD, which my collections reached to zero.

With Capital One, they seem to approve users with less than perfect credit. I got approved for their card in the low 600s. Probably like 630-640 range. 

I recently got approved with AMEX with a score averaging around the 660s last month in December after I made a settlement with an auto loan (which my car got a repo years back) around November. AMEX haven't got reported onto my report as of yet. I think it takes about 2 months. 

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Thank you for your response. When you applied for these cards, all of your collections show paid to zero on your credit reports correct? You had no open collection or charge off accounts?

[Anonymous]

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@AllZero wrote:

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@Anonymous wrote:

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@AllZero wrote:
I see you had a USAA account.

Are you a member of NFCU? If not, have you considered becomg a member?

---

Yes, USAA is now in my review mirror.

NFCU: I am not a member. I am hoping that I could join and build a long mutual benificial relationship with them. I am not sure how they will respond to my credit history. I am rebuilding and on the right track, but not sure if I am up to their standards. I recently joined another credit union back in december of 2020 and they treated me like dirt because of my credit issues. I told them I am rebuilding and will pay all collection accounts within 45 days other than EOSA and USAA due to unethical business practices. So I have kept my side of the bargin and they are still the same. So I need a credit union that will work with me and watch me grow and be apart of that.

I hope my application will be accepted by NFCU. Do you have any suggestions about them and how I can approach building a good history with them with my current credit situation?

Thanks for your help.

---

I'd recommend joining for membership now. It should be a SP Soft Pull inquiry for membership. Let your membership marinate until your reports have cleaned up a bit before seeking credit products.

I have applied for membership, I am in the waiting zone up to 30 days while they verifiy information. Hopefully I am in.

To enhance your membership, you can try having your employment DD Direct Deposit go through NFCU. They also allow 1 day early DD.

That is good advice, I see that most of the banks and credit unions are pushing that right now. I will check into it. Thanks

NFCU also has one of the best secured card out there, nRewards. It usually graduates around 7-8 months, IIRC.

I am prettry sure that I will apply for their card to get in the door if I am accepted as a member. I will post when it happens. That is awesome that it graduates. When it graduates, I wonder if they do a hard pull to convert?

For your reading pleasure. Navy Federal Thread for CLI and Additional Cards

That is a great thread to read thank you for the link.

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[Anonymous]

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@AllZero wrote:
I see you had a USAA account.

Are you a member of NFCU? If not, have you considered becomg a member?

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I am seeking to become a member. Just put my app in, wiating for the outcome. They collected the $5.00 savingins enrollment for membership. NFCU said it could take up to 30 days for verification for new member accounts. Thanks for your help.

[Anonymous]

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@Anonymous wrote:

Yes, I've seen references to Disco that eight day intervals allow for a fresh SP. I don't know on CapOne, but I do know they do account reviews quarterly when you're a cardholder so often they quote an out-of-date score when you request account modification. As for prequals though, I just don't know. Hopefully someone else will know though.

Agreed also with the above that Amex would be good to try on prequal but that big charged off balance will probably put a bullet in that.

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The eight days worked for updates. That is good news that you can truly checkin every 8 days to see if there are any changes. If Cap1 reviews that offten, that is very helpful for someone rebuilding their credit. Everyone rebuilding their credit should at the very least check into Cap1. Amex, will be my hardest from what it sounds like. I will hope for the best.

[Anonymous]

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@Anonymous wrote:

Let the PFDs update on your reports first. Once everything has updated, PFD or paid to $0, then hit the Disco and CapOne prequals and see what they say. Don't do it until the updates are done though - often those prequal SPs are held for a period of time before a new one would be pulled. You don't want them doing it based off of older reports that don't show your improvements.

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I will follow your format when I begin to apply. I am more like 60 days out still. I will post and update when I begin applying for new cc's.

[DarkKnight_Credit]

Yes, all of my collections were removed, before I got those cards. I did have Credit One that had a zero balance and was a listed as a charge-off I believe (this got removed recently and lowered my score by 3 points, due to AAOC). I currently still have Santander as a charge off, but settled.