Navy Federal Thread for CLI and Additional Cards

[Anonymous]

Yep!

[Anonymous]

Idk why people app for AF cards and expect it to be waived. Kind of odd

[credit_endurance]

Still no decision on my CLOC $15.k app from early today. Still says "Review in Process" Could that possibly mean a denial?

[Scupra]

I'm not expecting it to be waived by any means lol. By CA's thinking though, why would any lender waive an AF? They do though.. I don't see why it's so bad to attempt at getting it waived? I do with all my AF's. Sometimes they waive them, sometimes they offer a different promo to "make up for it". It's free money on the table just for asking. Can't tell me some of you would leave $50-whatever laying on a table for no reason???

[Creditaddict]

I'd call on the cloc tomorrow morning if no response yet

[toi34]

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@Creditaddict wrote:
Future credit is going to be based on debt to income... No debt, no dti to worry about.
Cars and mortgages are only going to really care about the percentage of your income that debt will take to service.
Navy is not any different from other banks in that sense

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@Creditaddict.....what is the highest DTI ratio  you can have to be approved for CC and CLOC with Navy?

[Creditaddict]

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@toi34 wrote:

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@Creditaddict wrote:
Future credit is going to be based on debt to income... No debt, no dti to worry about.
Cars and mortgages are only going to really care about the percentage of your income that debt will take to service.
Navy is not any different from other banks in that sense

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@Creditaddict.....what is the highest DTI ratio  you can have to be approved for CC and CLOC with Navy?

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I have seen some pretty high... I don't think there is a hard and fast rule.

[credit_endurance]

Update: Checked my email this morning and saw a message from NFCU saying loan was approved, Although on their website is stil says review in process. Clicked on the link and it's requesting that a promissary note be signed. Is this a normal procedure for this type of loan? And does that mean I was approved for the full amount?

[Creditaddict]

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@credit_endurance wrote:

Update: Checked my email this morning and saw a message from NFCU saying loan was approved, Although on their website is stil says review in process. Clicked on the link and it's requesting that a promissary note be signed. Is this a normal procedure for this type of loan? And does that mean I was approved for the full amount?

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yes

[credit_endurance]

Just a some data points from my recent experience. Was checking my Fico alerts and it looks like I was hit for 4 total inquires. 3 TR 1EQ. I allied for membership, cc, & CLoc that's 3 apps but 4 total pulls. They must have pulled both TR& EQ for the CLoc perhaps. Just a theory 😕