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NFCU - Declined

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New Contributor

Re: NFCU - Declined

I currently have 3 cards: Citi Secured $300, Capitol One Quicksilver $1500, Store Card $100

Utilization is always under 10%, I pay everything in full monthly

Average Age is - 4yr 8 Months, oldest account 12 years

Lates are both CC related

EQ/EX are both at 650-660 range

Inquires are less than 5 in the last year and less than 10 in the last 2 years

 

I have student loans, both in good standing. A paid off car, in good standing. No Collections accounts.

 

Just these 2 sixty day lates....

 

Thanks for reply and help guys!

Message 11 of 20
Regular Contributor

Re: NFCU - Declined

I really think if you aren't successful with a recon, investing in a secured credit card with them will pay off huge dividends in 6 months.

Message 12 of 20
Valued Contributor

Re: NFCU - Declined

Those 60 day lates offset the many positives you have.  I would suggest asking them to give you a secured card.  That way you build a positive relationship right away and as those 60 day lates age a bit you should be able to graduate and also get a second card.  Unfortunately those 60 day lates will haunt you for quite a while.  I had some 90 days on student loans in 2014 and they continue to create some havoc on an otherwise spotless credit profile.

 

Be patient, build a relationship and you should be fine in time

Message 13 of 20
Community Leader
Senior Contributor

Re: NFCU - Declined


@JRack wrote:

I currently have 3 cards: Citi Secured $300, Capitol One Quicksilver $1500, Store Card $100

Utilization is always under 10%, I pay everything in full monthly

Average Age is - 4yr 8 Months, oldest account 12 years

Lates are both CC related

EQ/EX are both at 650-660 range

Inquires are less than 5 in the last year and less than 10 in the last 2 years

 

I have student loans, both in good standing. A paid off car, in good standing. No Collections accounts.

 

Just these 2 sixty day lates....

 

Thanks for reply and help guys!


Thanks. I agree with others. Apply for a NFCU secured and IMHO, if you can swing $1K, put that on it since 2 of 3 of your CCs are toy limits. Then in 6 mos to a year, you will have shown NFCU how well you handle paying your CCs. 

 

Because you have the income, I actually think NFCU will give you a regular CC after only 6 months.

 

GL2U

GOALS: Garden til APR 2020 and 800 Club


SEP 2019: EX 791, TU 797, EQ 800
JUN 2019: EX 788, TU 794, EQ 779
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $18.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 14 of 20
New Contributor

Re: NFCU - Declined

Ok sounds good!

 

Is there anyway I can swing a consideration for another card, such as a secured, without getting another hard inquiry?

Message 15 of 20
Valued Contributor

Re: NFCU - Declined

Yes, just send them a secured message and ask them to consider you for secured card but ask them not to do another HP.  They will honor your request.  Or you can call them.  Navy has great service so they will help you out

Message 16 of 20
Regular Contributor

Re: NFCU - Declined

+1

Message 17 of 20
New Contributor

Re: NFCU - Declined

Adding an update...

The held strong after a recon but said I'd qualify for a GoRewards card and so they approved an intro $1000 limit there!!!!

I'll take it!

Thanks for the help all
Message 18 of 20
Community Leader
Senior Contributor

Re: NFCU - Declined


@JRack wrote:
Adding an update...

The held strong after a recon but said I'd qualify for a GoRewards card and so they approved an intro $1000 limit there!!!!

I'll take it!

Thanks for the help all

Congratulations!

GOALS: Garden til APR 2020 and 800 Club


SEP 2019: EX 791, TU 797, EQ 800
JUN 2019: EX 788, TU 794, EQ 779
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $18.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 19 of 20
Moderator

Re: NFCU - Declined

As OP has now been approved this thread is closed to further comments. OP you are free to create an approval thread if you wish.
"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 20 of 20
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