NFCU turned me down :-(

Anonymous · ‎06-06-2015

During my app spree several weeks ago, I'd applied for an "nRewards" Visa through Navy Federal. I got my denial letter today. Ugh. They cited the late pays on my auto loan with them, as well as the two collections I have remaining. This, also, in spite of the comment I was able to include with my app, about my currently being in active rebuild mode.

I did get approved recently for a CapOne Platinum @ $3000 CL, though, which rather mitigates this disappointment. Oh, well. Onward and upward. :-)

lindel · ‎06-06-2015

Do you mind sharing your scores? NFCU turned me down too. I ended up getting a secured card.

Fico Scores :03/12/2015 Equifax 565, Transunion 585, Experian 563
Current Fico Scores 12/15/2015 EQ 612, TU 645, EX 655
Kay Jewelers 4000/Barclays MC 1300/ Firestone1200/ Cap1 Quicksilver 2300/ NFCU nrewards secured 600/ Macys 600/ Walmart 3500/ Amazon 3500/ Cap 1 Journey 1050/ Kohls 300/ Banana Republic 3500/ Texaco 890/ BP 2000/ Jcrew 250/ Victoria Secrets 250/ Eddie Bauer 250/ Marisota 500/ SimplyBe 500/ Discount Tires 500/ Care Credit 1000/ American Eagle 150/ QVC 2000

Anonymous · ‎06-07-2015

@lindel wrote:
Do you mind sharing your scores? NFCU turned me down too. I ended up getting a secured card.

About the same as below, in my siggy. Looks like we started roughly around the same place, both score-wise and time-wise.

baller4life · ‎06-07-2015

Send them a message and plead your case. Many have been successful going that route. Explain any baddies and what you have done to improve your credit. Good luck.

jbsea · ‎06-07-2015

How many and how long ago where your late pays with them?

Amex Gold / Amex Platinum / Amex Marriott Brilliant/ Amex BCP/ Capital One Venture (AU) / Capital One Savor One/ Discover / NFCU Cash Rewards / BOA Unlimited Cash Rewards / NFCU GO Rewards (AU) / Amex EDP / NFCU Flagship Rewards / Chase Freedom (AU) / Capital One QuickSilver / Citi Costco (AU) / Amex Delta

Anonymous · ‎06-07-2015

@jbsea wrote:
How many and how long ago where your late pays with them?

Four late pays: Nov 2012, Feb 2013, May 2013, Nov 2014. (May 2013 was the month I quit my highly stressful/low paying job.) Loan originated Nov 2010. I mailed a very articulate and grateful GW letter last week to ask forgiveness for late pays, but I'm not sure how much they can do, based on how the laws are written. It's my understanding that if they report at all, they must report "correct" info.

(Hmmmmm... I just noticed that November seems to be a bad month for me, financially speaking. Seasonal Affective Disorder.)

jbsea · ‎06-07-2015

Well I would wait another year for them. Be very good with them. They will be good back but no more late pays. NFCU can be very good to you so I would treat them with the first priority....

Amex Gold / Amex Platinum / Amex Marriott Brilliant/ Amex BCP/ Capital One Venture (AU) / Capital One Savor One/ Discover / NFCU Cash Rewards / BOA Unlimited Cash Rewards / NFCU GO Rewards (AU) / Amex EDP / NFCU Flagship Rewards / Chase Freedom (AU) / Capital One QuickSilver / Citi Costco (AU) / Amex Delta

Littlewing745 · ‎06-07-2015

@Anonymous wrote:
@jbsea wrote:
How many and how long ago where your late pays with them?
Four late pays: Nov 2012, Feb 2013, May 2013, Nov 2014. (May 2013 was the month I quit my highly stressful/low paying job.) Loan originated Nov 2010. I mailed a very articulate and grateful GW letter last week to ask forgiveness for late pays, but I'm not sure how much they can do, based on how the laws are written. It's my understanding that if they report at all, they must report "correct" info.

(Hmmmmm... I just noticed that November seems to be a bad month for me, financially speaking. Seasonal Affective Disorder.)

Keep in mind moving forward that they *can* remove late pays; the law requires that they report late payments no longer than 7 years to your report - not that it *has* to be reported. Important distinction, which is why a goodwill letter is sometimes a great option. Don't give up!

Anonymous · ‎06-07-2015

I got approved for a CashRewards Visa for $1000 (low I know) with a 591. My score has grown since but I haven't gotten a CLI. This account was opened in Febuary.

Anonymous · ‎06-07-2015

@Anonymous wrote:
I got approved for a CashRewards Visa for $1000 (low I know) with a 591. My score has grown since but I haven't gotten a CLI. This account was opened in Febuary.

You should ask for a CLI. I got approved for an nRewards card last year with a SL of $500. I was just happy to have been approved since I was rebuilding my credit. I held the card in good standing for 8 months with no credit limit increase. I decided to give it a try. I asked for a CL of $2500. They countered at $12000! So if you've been good with them and are otherwise good everywhere else I'd just ask for one.