Navy Fed CLI in review

[designated_knitter]

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@Brianna0824 wrote:

Ok everyone. It seems as though I have been declined for my increase. 🥺. They said a letter was sent out telling me why I have been declined. How long do I have to wait to try again?

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I'm  sorry @Brianna0824 .

Did you call in and ask?  I suspect I'm in the same boat.

Will be really interesting to see if they delay my nRewards graduation this month.

[Anonymous]

Was denied two weeks ago for a increase on my navy card made a few deposits into the account and got a 4k increase after 3500 to 7500 I always just keep trying after denial same method worked for my first increase 

[designated_knitter]

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@Anonymous wrote:

Was denied two weeks ago for a increase on my navy card made a few deposits into the account and got a 4k increase after 3500 to 7500 I always just keep trying after denial same method worked for my first increase 

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I already direct deposit 1500 every 2 weeks so suspect that wouldn't work for me.  I'll wait until my nRewareds expected graduation date and see what happens there.  Short of buying a house, I don't know what other products of theirs I could get.  I've had or have:

1. Car refi -- paid off
2. Secured nRewards
3. Platinum card
4. Go REwards
5. Easy save CD with 1000 bucks
6. DD of 3000 / month
7. another CD with 200 bucks that I'm continuously ading to
8. CLOC
9. Secured certiificate loan that is sitting at less than 50 percent currently.  

Aain, I can't complain... they've blown away every other financial institution I have dealt with even with my wonton credit hoarding ways over the last 6 months.  Another few months tending my knitting isn't going to make a huge difference in the grand scheme of things!

[Brianna0824]

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@AverageJoesCredit wrote:

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@Brianna0824 wrote:

Ok everyone. It seems as though I have been declined for my increase. 🥺. They said a letter was sent out telling me why I have been declined. How long do I have to wait to try again?

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If you are at least 6 months from last increase, you can try every week if you wanted to , especially if reason is recent change to account. If its max, i would try next monrh as our internal scores/max  can change  monthly

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I've never gotten an increase with them and I've been with them for 8 years.

[Brianna0824]

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@designated_knitter wrote:

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@Brianna0824 wrote:

Ok everyone. It seems as though I have been declined for my increase. 🥺. They said a letter was sent out telling me why I have been declined. How long do I have to wait to try again?

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I'm  sorry @Brianna0824 .

Did you call in and ask?  I suspect I'm in the same boat.

Will be really interesting to see if they delay my nRewards graduation this month.

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Yes I called and asked and they looked my account up. They said they had sent a letter out a  couple of days ago and I should be getting it any day now.

[Brianna0824]

I'm confused I have so much money pouring in this account. I can't wait to see the reason the denied me. Hopefully it's something I can fix.

[AverageJoesCredit]

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@Brianna0824 wrote:

I'm confused I have so much money pouring in this account. I can't wait to see the reason the denied me. Hopefully it's something I can fix.

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Unfortunately how much money has or deposits with them does not affect how they lend credit. Pure coincidence that a cli was given after depositing money for other poster. Navy just cant be baught. Hopefully you get one soon. Sometimes, despite what we read, some people take longer to experience the Navy luv weve come to know . 

[designated_knitter]

Any new updates for anyone this week?

I gave up today... I had my platinum paid down  to 21 percent and was leaving it there while waiting but went ahead and did another balance transfer to pay off a synchrony card with higher interest.

I'll wait another 6 months and get all cards paid down to reasonable levels (recovering from other BTs and try again in the fall.  This is my expensive time of year with vacation etc. (even more expensive than usual give the dental work).  Take a couple of months to recover from all of that.

Given that I've only been a member for 6.5 months, I can understand their caution given the balances I've run up..

Cheers!

[Brianna0824]

Ok so I finally got my letter and it said I was denied because I reached NF maximum unsecured credit limit. What does that mean? My card is completely paid off..... 

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@designated_knitter wrote:

Any new updates for anyone this week?

I gave up today... I had my platinum paid down  to 21 percent and was leaving it there while waiting but went ahead and did another balance transfer to pay off a synchrony card with higher interest.

I'll wait another 6 months and get all cards paid down to reasonable levels (recovering from other BTs and try again in the fall.  This is my expensive time of year with vacation etc. (even more expensive than usual give the dental work).  Take a couple of months to recover from all of that.

Given that I've only been a member for 6.5 months, I can understand their caution given the balances I've run up..

Cheers!

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@designated_knitter wrote:

Any new updates for anyone this week?

I gave up today... I had my platinum paid down  to 21 percent and was leaving it there while waiting but went ahead and did another balance transfer to pay off a synchrony card with higher interest.

I'll wait another 6 months and get all cards paid down to reasonable levels (recovering from other BTs and try again in the fall.  This is my expensive time of year with vacation etc. (even more expensive than usual give the dental work).  Take a couple of months to recover from all of that.

Given that I've only been a member for 6.5 months, I can understand their caution given the balances I've run up..

Cheers!

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[Mr_Mojo_Risin]

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@Brianna0824 wrote:

Ok so I finally got my letter and it said I was denied because I reached NF maximum unsecured credit limit. What does that mean? My card is completely paid off..... 

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@designated_knitter wrote:

Any new updates for anyone this week?

I gave up today... I had my platinum paid down  to 21 percent and was leaving it there while waiting but went ahead and did another balance transfer to pay off a synchrony card with higher interest.

I'll wait another 6 months and get all cards paid down to reasonable levels (recovering from other BTs and try again in the fall.  This is my expensive time of year with vacation etc. (even more expensive than usual give the dental work).  Take a couple of months to recover from all of that.

Given that I've only been a member for 6.5 months, I can understand their caution given the balances I've run up..

Cheers!

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@designated_knitter wrote:

Any new updates for anyone this week?

I gave up today... I had my platinum paid down  to 21 percent and was leaving it there while waiting but went ahead and did another balance transfer to pay off a synchrony card with higher interest.

I'll wait another 6 months and get all cards paid down to reasonable levels (recovering from other BTs and try again in the fall.  This is my expensive time of year with vacation etc. (even more expensive than usual give the dental work).  Take a couple of months to recover from all of that.

Given that I've only been a member for 6.5 months, I can understand their caution given the balances I've run up..

Cheers!

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It pretty much means you've reached the max they're willing to lend right now that is not secured.

This isn't forever. Past DPs and members experiences show the max unsecured can change in as little as a month or 2.

Sorry it didn't work out this time but it's certainly not the end for you.

Just give it maybe a couple of months and try again.