NFCU only gave $500 limit? What to do?

[Anonymous]

Hello! So today I decided to apply for NFCU credit card because I need about $10,000 in funding for my business. I recently paided off everything on my credit cards and my scores are

770 exp

734 tu

634 eq - Want update for the past 2 months

I'm guess NFCU pulled eq because my limit was only $500. Do yall know where else i should try to apply to get $10k funding? My income is $8,000-$10,000 a month but all of my income is going into my business account with navy federal.

 

[Anonymous]

American Express will pull Experian your highest score but the short AAOA's could be an issue.

[Anonymous]

Dont worry. Be patient. Wait for 90/3 statements cut and apply for 2nd card with much higher limit.

Take a look my approval posting for data point:

http://ficoforums.myfico.com/t5/Credit-Card-Approvals/Another-Navy-25-000-Approval-Cant-believe-it/t...

[Anonymous]

Well I applied for chase ink business, chase reverse, American blue cash. All denied. All say 30 day later. Guess ill try again next year.

[jlitnns]

Weird, have you tried a CLOC? I'm pretty sure they pull TU on CC's and EQ on the CLOC (which I know is your lowest), but it might be worth a shot...if not Discover?

I started with a $500 SL in Jan and was disappointed. 2nd card started at $15k. 

[Anonymous]

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@Anonymous wrote:
Well I applied for chase ink business, chase reverse, American blue cash. All denied. All say 30 day later. Guess ill try again next year.

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You're getting your scores from Credit Karma which uses Vantagescore. Which almost no lender uses. What are your FICO scores? Your fico scores could be lower. 

[AverageJoesCredit]

Hi, going to see if we can get your post moved to approvals for better coverage. Congrats on getting approved by Navy. I know $500 isnt what you were looking for but that can grow bigtime in 3-4 months. Why the big discrepancy with TU and Ex with your Eq. You might also try reconing with Navy. Worth a shot.

[Meanmchine]

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@Anonymous wrote:

Hello! So today I decided to apply for NFCU credit card because I need about $10,000 in funding for my business. I recently paided off everything on my credit cards and my scores are

770 exp

734 tu

634 eq - Want update for the past 2 months

I'm guess NFCU pulled eq because my limit was only $500. Do yall know where else i should try to apply to get $10k funding? My income is $8,000-$10,000 a month but all of my income is going into my business account with navy federal.

 

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Im sorry OP but realistically I dont see credit card lenders offering you a $10k credit limit at this point when your highest limit is only $2k. My suggestion is to take your financial statements and past tax forms to your local banker and look for  business loan

From what Ive read, NFCU normally pulls TU

[srloring13]

What are your scores?  How long have your accounts been open?  If you need 10K in funding for your business, why not use the business income to secure a line of credit or credit card or loan?  It would help you achieve larger limits with your current creditors.  Also, you should make sure that are you requesting CLI at least once every 6 months or so to help build you existing credit limits.