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NFCU EXCEEDS MAXIMUM LOAN

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kobe2012
Established Contributor

NFCU EXCEEDS MAXIMUM LOAN

Applied for a second card with them and it says" exceeds maximum unsecured loan" or something like that.... does this mean my cli that I will initiate next month after AR will get declined?

Starting Score: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 1 of 10
9 REPLIES 9
JoeLuvsHisCredit
Valued Contributor

Re: NFCU EXCEEDS MAXIMUM LOAN

Sorry I can't help I am new to NFCU Sorry for not helping you Smiley Sad

Message 2 of 10
kobe2012
Established Contributor

Re: NFCU EXCEEDS MAXIMUM LOAN

It's ok joe! Maybe others can chime in 😊

Starting Score: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 3 of 10
BungalowMo
Senior Contributor

Re: NFCU EXCEEDS MAXIMUM LOAN

What card do you currently have with them & what's the limit? 

 

I have a platinum Visa with a 25k limit.  Never asked for more, didn't want to get greedy.  Recently apped for the goRewards.  Approved, but only for 5k.

 

So I'm wondering if (for me at least) my overall limit might be 30k.

Hard to say.  I do have 2 checking accts, 1 savings, 2 CC's, 1 active & several paid car loans, IRA acct & sav cert with them.  9 year history.

BK 7 discharge 06.24.2020 No Fico score at all. Smiley Sad
Message 4 of 10
kobe2012
Established Contributor

Re: NFCU EXCEEDS MAXIMUM LOAN

I only have cashrewards $6200 limit and $10000 limit CLOC... everything has $0 balance but CLOC about $7000 balance

Starting Score: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 5 of 10
BungalowMo
Senior Contributor

Re: NFCU EXCEEDS MAXIMUM LOAN

I would call their customer service, or if the chat tab shows up, use that.  I think the Chat tab is only M-F.  Phone...24/7/365!!

 

Contact them & ask what this all means.  Their reps are amazing & super nice!  Always.

BK 7 discharge 06.24.2020 No Fico score at all. Smiley Sad
Message 6 of 10
Anonymous
Not applicable

Re: NFCU EXCEEDS MAXIMUM LOAN


@kobe2012 wrote:
Applied for a second card with them and it says" exceeds maximum unsecured loan" or something like that.... does this mean my cli that I will initiate next month after AR will get declined?

As you stand with them right now you are at their max. If your profile is the same when you request a CLI, you will get the same response.

 

Things that can change your "max" with them are the following.

Increased income

Lower your UTI by alot. Get the CLOC way down. 

Increasing your scores, which are very low.

Baddies falling off. (Your scores indicate dirty files) BK will hurt for quite sometime.

Message 7 of 10
Scupra
Super Contributor

Re: NFCU EXCEEDS MAXIMUM LOAN


@kobe2012 wrote:
I only have cashrewards $6200 limit and $10000 limit CLOC... everything has $0 balance but CLOC about $7000 balance

What are your current scores? It sounds like you are just at your internal limit with NFCU.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 8 of 10
kobe2012
Established Contributor

Re: NFCU EXCEEDS MAXIMUM LOAN

It's currently @640 on all 3.. a lot higher .. I don't wanna waste another hp next month if I'm on their max

Starting Score: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
NFCU cashRewards:$6200 QS:$1500 Merrick:$1200 Cabelas:$1000 SonyVisa: $500 JCrew:$850 Overstock:$850 Express: $1050 PaypalCredit:$2150 NAVCHECK:$10K
Message 9 of 10
Scupra
Super Contributor

Re: NFCU EXCEEDS MAXIMUM LOAN


@kobe2012 wrote:
@Anonymous's currently @Anonymous on all 3.. a lot higher .. I don't wanna waste another hp next month if I'm on their max

Wait until you are around 680ish. Hopefully, that will raise your internal max and give you some room for CLI's.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 10 of 10
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