NFCU Denial & Recon help

[Joeysalaaa]

Hello all !!

So I recently reactivated my NFCU membership (super easy via phone after closing it out 8 years ago) and app for the GoRewards card. Well I was told they use EQ to pull for new CC, which is my only report fully clean and void of a couple fraudulent accounts and a couple that were my own from -2020 during the Covid crisis (charge offs). EQUIFAX has removed all as fraud or those that were mine as early exclusion as of Monday!!!!

EQ fico 8 is 682 today. TU is 640 and EX 601. Ex and TU still have 4 accounts in dispute which I'm working with their EO to remove as EQ did. 

I've seen people here get approved with NFCU with 570s with CL above $10k !! So I was shocked at the denial although not entirely given the pulled TU. That said, here's my stats:

Income $350k (avg)

AAofA: 15-20 years depending on bureau 

healthy mix of CC (highest limit $3000), student loans, auto loans and Loc all current never late.
NO derogs on EQ, 3-4 pending removal on other two but 6 years old  

Low inquiries on all

Utilization overall 25-30% each bureau

I did recon today with their CEO and secure message request to  pull from my EQ if possible and I went over all the denial reasons and explained in detail my reasoning to appeal. I also noted my past membership with a $15,000 CL in perfect standing.

Any pointers if they come back and ask for more information ? Or what to say if they have my recon again ? And what my chances are at a successful recon? 

any info is appreciated my amazing MyFico friends !!! Thank you !! I'm hoping to get back in with NFCU good graces ASAP!!! 😂 

[Jnbmom]

I would wait to see regarding recon, could go either way .

I would have however waiting until your others reports were fixed then would have applied , but that ship sailed .

Good luck with recon .

[Joeysalaaa]

Thank you !! As I said I was told by a friend they use EQ so that was my bad. But I am hopeful that they will entertain pulling EQ or at very least looking at my reasoning to approve for a small line to get me in the door, as well as my prior relationship with them.

we shall see !

[Patient957]

I wish you the best on your recon.  But my question is, with your income, why go into an app with such high utilization?  Underwiting may look at these numbers as red flags.  They'll be asking the same question I'm asking.  Makes $350k, highest limit is only $3k, and he still has 30% UT?  These apparent incongruities are precisely the red flags underwriters look for.

I would get your UT under 5% before any new apps, 1% even better.

[Joeysalaaa]

Thank you !

as noted I had a severe credit hit after losing work during Covid 2020-21 and fell behind on my accounts. Then I became ill with Covid and they worsened. My income only reached my mark this last year. Past debts of course don't reflect current financial picture always as income can change monthly for some !

We will see that they say ! Worse comes to worst I can always re app in January after cleaning my other reports !