NFCU Internal Score?

[Anonymalous]

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@BuckyB wrote:

You have to walk before you can run with NFCU.  Opening an account on Monday, throwing fifty bucks in on Tuesday and expecting a credit card approval on Wednesday ain't how you do it with Navy Fed.

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I was a member for less than a month when Navy gave me a card with a SL of more than $8000. I had 6 months of credit history at the time. I did move over a few thousand, and my scores were propped up by an old AU card, but I didn't have direct deposit, or anything beyond basic savings/checking.

Navy's pretty friendly. Building a relationship is certainly important to them, but lots of people have succeeded without. Though it wouldn't surprise me if they've started to become more restrictive, either.

[RealEstateGuy89]

I joined in 05/2021 and opened up a checking/savings account with $100.  No DD and my internal score was 277. I had nothing else with them. The day after opening my accounts, I applied for a Cash Rewards card and was approved for $700. Then in the fall of 2021 I applied for a Flagship card and was approved for $17,300.  My credit limits are much higher now after I've gotten CLI's on both cards. 

I think a lot of times with new customers, the issue that got them denied is their DTI.  Keep working to get it lowered, get DD and anything else that's easy to improve the relationship and then try try again.  I bet you'll be golden. 

[NoMoreE46]

Are the factors of the NFCU internal scoring model  published  anywhere?

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@GZG wrote:

internal score is basically TU Fico 9 + length of membership + balance of accounts + number/quality of accounts + direct deposit yes/no

it won't surprise me if your letter states:

~250 internal score

reasons:

current utilization/debt to income, considering the home and the car and the cc's

too short length since most recent TU inquiry

too little length of membership

no direct deposit

too low balance in navy fed accounts

give it 3-4 months, make sure your employer's direct deposit gets deposited into your checking, and that's about the earliest I would give it another chance if you specifically wanted to try Navy again for the Plat card

you could also try PenFed's gold card, they have a pre-qualify tool that isn't reliable, but 15 months 0% interest w/3% fee, they pull EQ, and not TU/Exp if you have less inquires on EQ

you can always try to recon through SM and plead your case, I don't think we see a lot of recons for NFCU, but it's worth a shot, you've already used the HP and they wouldn't even give you $500 so something is going on there

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[800wannabe420]

@NoMoreE46 

I sent an SM to NFCU asking what my current internal score is and this is the reply I received:

Thank you for using Navy Federal's eMessaging Service, Petty Officer #######. Each financial institution has its own lending criteria. As part of this process, lenders may choose from different credit models that are available from the credit bureaus. Each lender will pick the model that they feel best suits their financial need. Therefore, the score that we obtain may differ from that of other financial institutions, or those obtained directly from the bureaus. A custom (internal) score from TransUnion is requested when a new credit card application is submitted. As with any credit score, this updates monthly. We show no recent credit card or loan applications for your account access (last 30 days). Therefore, we are unable to give you an updated internal score

Navy Federal offers the option to view your FICO Score provided by Equifax through your Navy Federal Online account. You can also monitor, manage and help control your credit score with our free My Credit Score Dashboard. The credit score and report you will receive through Mission: Credit Confidence Dashboard is a TransUnion credit report with a TransUnion Vantage 3 Score. If we can be of any further assistance, please let us know.