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I just don't get it... NFCU

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Frequent Contributor

I just don't get it... NFCU

The last credit card I've opened was the NFCU Platinum Visa back at the end of January for $1K. On May 2nd I was denied a CI, with the main reason being "delinquent past or present credit obligations" (?). I only have one Cap1 account that has lates, but the last one was 15 months ago, way before NFCU even approved me for the card. My EQ FICO 9 was 617, about 57 pts lower than my EQ FICO 8. How could I have been approved for the card initially, but now I don't qualify for an increase, when my scores are higher than they were in January?!

 

Now here's what I don't get- my wife (who has a lower FICO 9 than me & has a bunch of medical collctions we're working through) just got approved for the GoRewards card with a $15K limit! There is no rhyme or reason to this madness... =/



Starting Score: Nov 3, 2018: EX 597 TU 599 EQ 616
Current Score: May 30, 2019: EX 651 TU 690 EQ 678
Goal Score: Dec 31, 2019: EX 700 TU 700 EQ 700

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Message 1 of 9
8 REPLIES 8
Established Contributor

Re: I just don't get it... NFCU

For CC apps NFCU uses TU but CLI is EQ.  It seems you have something different on your reports that might be on EQ that is not on TU.  Have you compared all three of your reports to check what is reporting on each one?  I'd bet there is something different there. 

If this is not the case you could always call NFCU and recon. 

Good Luck!

Message 2 of 9
New Contributor

Re: I just don't get it... NFCU

Might be time to review your reports and make sure nothing else has changed since you opened the account.  As to why you got 1K and your wife got 15K is always going to be a mystery.  It's possible you just hit the button early and try again later on with different results or maybe NFCU changed the requirements.

Message 3 of 9
Frequent Contributor

Re: I just don't get it... NFCU


@Hasselfree wrote:

For CC apps NFCU uses TU but CLI is EQ.  It seems you have something different on your reports that might be on EQ that is not on TU.  Have you compared all three of your reports to check what is reporting on each one?  I'd bet there is something different there. 

If this is not the case you could always call NFCU and recon. 

Good Luck!


Nope, I'm on top of it & there is nothing on my EQ report that is not on my TU report, that's what frustrates me! =/



Starting Score: Nov 3, 2018: EX 597 TU 599 EQ 616
Current Score: May 30, 2019: EX 651 TU 690 EQ 678
Goal Score: Dec 31, 2019: EX 700 TU 700 EQ 700

Take the myFICO Fitness Challenge






Message 4 of 9
Valued Contributor

Re: I just don't get it... NFCU

I'm pretty sure that Navy prefers applicants with less than stellar credit to wait 180 days before granting a CLI.  You might be eligible to open another card after 91 days and 3 statement cuts, but you'd be denied a CLI if you didn't wait 6 months.





Message 5 of 9
Frequent Contributor

Re: I just don't get it... NFCU


@MaizeandBlue wrote:

I'm pretty sure that Navy prefers applicants with less than stellar credit to wait 180 days before granting a CLI.  You might be eligible to open another card after 91 days and 3 statement cuts, but you'd be denied a CLI if you didn't wait 6 months.


Ahh, that might be it, thanx! My wife is an AU on my card, so maybe she benefitted from the 2nd card theory. I think I'll just go back in the garden for a while. I really want the NFCU AMEX card, but I will hold off for now...



Starting Score: Nov 3, 2018: EX 597 TU 599 EQ 616
Current Score: May 30, 2019: EX 651 TU 690 EQ 678
Goal Score: Dec 31, 2019: EX 700 TU 700 EQ 700

Take the myFICO Fitness Challenge






Message 6 of 9
Valued Contributor

Re: I just don't get it... NFCU

You might benefit from reading the last few pages of this thread:  Navy Federal Thread for CLI and Additional Cards





Message 7 of 9
Community Leader
Senior Contributor

Re: I just don't get it... NFCU


@ScooterMcDoodlebutt wrote:

The last credit card I've opened was the NFCU Platinum Visa back at the end of January for $1K. On May 2nd I was denied a CI, with the main reason being "delinquent past or present credit obligations" (?). I only have one Cap1 account that has lates, but the last one was 15 months ago, way before NFCU even approved me for the card. My EQ FICO 9 was 617, about 57 pts lower than my EQ FICO 8. How could I have been approved for the card initially, but now I don't qualify for an increase, when my scores are higher than they were in January?!

 

Now here's what I don't get- my wife (who has a lower FICO 9 than me & has a bunch of medical collctions we're working through) just got approved for the GoRewards card with a $15K limit! There is no rhyme or reason to this madness... =/


It is never, ever a good idea to compare one’s credit profile with another,

especially with NFCU, because it could be a thousand and one reasons why DW was approved and you were not. It may be silly things like your income is much higher than hers, your DTI ratio is higher than hers, she’s never had a late where you had one 15 months ago; and as another poster said, different scores are used for different products. There are just to many variables that go into credit approvals and credit denials to make a

valid comparison. 

GOALS: Garden til DEC 2020 and 800 Club

Scores
APR 2019: EX 787, TU 789, EQ 781
JAN 2019: EX 794, TU 783, EQ 801
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnate $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $15.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 8 of 9
Community Leader
Super Contributor

Re: I just don't get it... NFCU

Hey Scooter🙋‍♂️ my favorite usernameSmiley Happy

McDoodlebutt👍
Charter Member of the Discover " No Cli For You " Club !

Chase Never/24 Squad Leader
Team Pendread Anonymous
#JustSayNo2Comenity
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Message 9 of 9