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NFCU 91/3 DENIAL

Lola0628
Established Member

NFCU 91/3 DENIAL

Hello everyone! I am so disappointed to announce that today marks my 91/3 with NFCU and I received a denial for a cli and for a 2nd cc. I have 100% payment on my credit report, my utilization is a little high 49%, and no collections. I reconned for the 2nd cc. I sent a secure message asking for them to reconsider. I am awaiting a response I was told it could take 24 hours. I have researched and not found anyone that got denied for BOTH. Its one or the other. I am really praying that they will reconsider. Do any one have any advice? Is this normal? 

Message 1 of 14
13 REPLIES 13
Rebuild2019
Established Contributor

Re: NFCU 91/3 DENIAL

Good Luck @Lola0628 with your recon

CARDS: Discover It | QuickSilver One | Kohl’s | BB&T Spectrum Cash Rewards | BB&T Bright | NFCU CashRewards | NFCU More Rewards | AMEX BCE | Verizon Visa | Wells Fargo Platinum | Amazon Prime | OverStock
Starting Scores 05/2019: EQ:519, EX:525, TU:574
Message 2 of 14
CreditSweeper
Established Contributor

Re: NFCU 91/3 DENIAL

Good luck!

There certainly have been people that have been denied a 91 day CLI and a new card at the same point.

Your utilization is a bit high. NFCU is also big on DTI - so your other debt obligations and income come into play.
Personal Credit -
AMEX: Platinum, Gold, Green, Blue Cash Preferred
PNC: Cash Rewards, Points
BOA: Cash Rewards
NFCU: Flagship Rewards, Cash Rewards, CLOC
PSECU: Founders
BB&T: Spectrum Cash Rewards
CapOne: Quicksilver
Discover: IT Chrome, IT
Synchrony: PayPal 2%, PayPal Credit
Barclays: Uber
PenFed: Power Cash Rewards, Platinum Rewards
Alliant: Visa Signature
Goldman Sachs: Apple Card
BBVA: Clear Points
FNBO: Rewards
Store Cards: Target, Macy’s



Business Credit-
AMEX: Delta Gold, Amazon Prime, Simply Cash Plus
PNC: Visa Business
Synchrony: Lowes
Message 3 of 14
Lola0628
Established Member

Re: NFCU 91/3 DENIAL

Thank you! This is my first recon ever. Have you ever had any success?

Message 4 of 14
Lola0628
Established Member

Re: NFCU 91/3 DENIAL

I've been researching this forum for months and have not came across a case like this. Is there a forum?

Message 5 of 14
M_Smart007
Epic Contributor

Re: NFCU 91/3 DENIAL


@Lola0628 wrote:

Hello everyone! I am so disappointed to announce that today marks my 91/3 with NFCU and I received a denial for a cli and for a 2nd cc. I have 100% payment on my credit report, my utilization is a little high 49%, and no collections. I reconned for the 2nd cc. I sent a secure message asking for them to reconsider. I am awaiting a response I was told it could take 24 hours. I have researched and not found anyone that got denied for BOTH. Its one or the other. I am really praying that they will reconsider. Do any one have any advice? Is this normal? 


Sorry for your denialSmiley Sad ..I am guessing the 49% Util. spooked them(Not knowing your CB scores) .

I would work on getting that down, and try back in 6 Months. ..If that is an option?

 

Message 6 of 14
Brian_Earl_Spilner
Community Leader
Mega Contributor

Re: NFCU 91/3 DENIAL

I have been denied for both multiple times in the first year. My first CLI request approval was a SP when it happened though, so that was a plus.




Message 7 of 14
Brian_Earl_Spilner
Community Leader
Mega Contributor

Re: NFCU 91/3 DENIAL

Something to note, I made a thread about one of my denials where they showed that they were using trended data from my other accounts in making their decision. I didn't post it, but in another letter, one reason for denial was I wasn't paying down balances on my other cards fast enough.

 

https://ficoforums.myfico.com/t5/Credit-Card-Applications/NFCU-Denial-and-Interesting-Reasons/m-p/55...




Message 8 of 14
Lola0628
Established Member

Re: NFCU 91/3 DENIAL

Hi Brian,

 

Thank you so much for the information. Now I don't feel like the only person in the world denied for both. It was quite disappointing. I have heard a few recon success stories so once I receive an update I will update the forum. Going forward I will work on paying down my credit cards and hope to reapply in another 3 months. 

Message 9 of 14
tenaya
Frequent Contributor

Re: NFCU 91/3 DENIAL

I was recently accepted for the cashRewards card and the AMEX More Rewards card three months later. At the time of my approvals, my util was over 70% only because of some closed cards (that I'm paying off with a low-interest payment plan). Util on all my open cards was very low. I got 17K on the second card (the AMEX) even though my income is low. Except for the closed card payments, I didn't have many other obligations and so my DTI wasn't bad. I think that helped too.

 

I don't think high util is automatically a killer, though it certainly isn't good—it depends on the kind of high util. 


Overstock $9,750, Walmart $2.5K, Discover IT Cash Back $2.4K, NFCU Flagship $5K (formerly CashRewards), Shell (Citi) $800, NFCU More Rewards $17K, AMEX Cash Magnet $1K, Citizens Cash Back $2.8K, Amazon Store Card $4.2K, Cap1 QS $1.1K, FBNO Visa $1.6K, AMEX Blue Cash Preferred, $8K, eBay MC $800 (RIP Green Dot Platinum Secured)
Current FICO8: EQ 700, TU 700, EX 688   Current FICO9: EQ 715, EX 714
Goal for December 2019: FICO8 640-700 (reached! Fico 681!) | Goal for December 2020: FICO8 685-700 (Reached! 690!) | Goal for December 2021: FICO8 700-740
Starting Score: 539  Current Score: 690  Goal Score: 760
My credit recovery journal

Message 10 of 14
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