Official NFCU CLI Guide

[stinastina]

So there has to be other factors at play because I have had my card for 6 months and I have not gotten any love from NFCU. My credit score is poor at the moment, I am 10 months post bk and my utilization is high. I have paid on time the minimum each month with transfer from my checking. What do you think is the most important factor to get some love here ? I am finally in a position to reduce my utilization to 30%. It might take a couple of months before I can improve my score to the 600s.

[Aduke1122]

Well folks my CLI request was declined ,.and I even typed a good recon letter and attached my bank statement for the last 3 mths amd was still told NO and that I would need to have my account for atleast 12 mths bf trying to get a cli ..wth we all know that is Bs and my scores have improved more than 50 pts since I got the card and my EQ report is clean now compared to when it was approved .. I'm at a loss and it took everything I had to not send a message back to them calling BS about the 12 mths thing

[Stryder]

Yes, pay your utilization down as much as you can...you will see results as you cross over certain thresholds...0 - 10%, 11%- 29%, 30 - 59%, over 60% UTIL 

Before I knew anything about credit, I had a score of around 680 last fall...In Nov 2015, I bought a large 4k TV on a 36mo no interest SYNC devil card which ran me up to around 90% Util and my score dropped to 630. That was when I started to learn about credit and knew I had to pay that down. When I got down to 49%, I went up to 645, 27% - 655, 17% - I started to get into the higher 600's (this was in August). 

I also had other things going on, so I cant relate all of the score bumps to bringing the UTIL down, but it was a major factor. Credit Bureau's don't have much to measure when you have baddies, lates, and other hairballs on your credit, so the UTIL is their only means of measuring how you are handling your credit today.

You have paid your cards on time, but minimums, don't excite them. You have to make sure you everything on time  (even if it is just minimum) ...never ever miss one. When you do get all the baddies cleaned off, your payment history will really play a big part in how strong your score is.

[Aduke1122]

Thanks for the advice Stryder, I think I will move on from Navy and put more.effort into some of.my other cards , I came in with all.sorts of.issues with them so I believe that I don't stand a chance , I have paid my account in full every mth ,.my UTI is under 30 percent and like I said my EQ is now clean from when I was approved, I've never filed BK or have anything else going on , I have a short history and that and my income bc I'm a Stay at home mom is going to work against me with them I believe , although the Cars act states you can use spouses or household income I don't believe Navy really likes doing it . I don't know any other reason besides the ones I listed why they would deny my request . If someone can chime in and help I would appreciate it.

[Creditaddict]

Don't give up on Navy... they will surprise you all of a sudden one day... just keep trying every 2 months after AR.

Make sure you get your other util. down on other cards before the AR also not just on Navy.

[Anonymous]

When i did mines on the 31st i was declined due to account being to new....i hit it again  after the 3rd statment and sincei havent herd anything back im gonna assume it was denied again....no pull..either...maybe ill wait longer idk not gonna drive myself crazy! about it at leak i have 5k right now.....but i will try for anohter card after 90 dyas and see if i get any lucj EQ is my worst socre i maybe better off apping for a new card.

[Stryder]

Aduke: Thanks for the advice Stryder,

I was actually aiming my comment at stinastina. I'm glad if you gleaned something from my comments though, but I know you have a lot of experience and that you work hard at this... so I also bow to you.

I was sad to see they declined you....those always hurt! Sometimes you just have to move on and decide you targeted goals.

I had decided in early October, I wanted to get a low APR card, and chose SDFCU's EMV card.... I still had one derog, but it was 7 years old...I had heard they don't like INQ's and new accounts...I had a car from July and 2 new cards that hadn't posted yet. I only have 5 cards total and 8 inq's in the last 24 on EX (they pull fico2 which was 671at the time). I talked to a CSR and told him what my scores were and that I did have new accounts....he said no problem, I had a good shot...they dont like people with 20 INQ's...OK, I'm good to go!...It went to the UW, she called me personally at work and told me I was declined because of my derog, INQ's and new accounts...I was devasted. I vowed that I would wait until my accounts did shape up and go again! probably early next year.

Well November rolls around, all my baddies fall off, all my scores jump beyond my wildest! I'm on a roll. I am completely clean and my EX score has jumped for 671 to 721!  I get an email from SDFCU's "New Membership Rep" congratulating me on my membership....then touts their other products and services..including my beloved EMV card.

I responded to her and told her my story, I was in much better shape now, and I would be interested in a recon. BUUUUT, I did not want to submit for it for a recon, if there was still an issue that would dis-qualify me even with my clean scores. I attached my 1B EX myFico pulled on 10/31 for them to see my scores I said were true, and understood they would still pull me if to complete an approval. She replied back and said she had submmitted my email to the Lending dept and they would be in contact with me.

 5 Days later I still hadn't heard anything...it was Friday (11/4) and still nothing...so I call at 4pmcst, and talk to a csr. He looks at my account and says there is nothing there. So I started explaining to him my situation, but didn't get very far into it and he says, hang on a minute....he comes back about 2 minutes later and says I have a EX fico 2 of 720...I replied right, that what I was saying, but I want someone to look at my account before you HP me to make sure there is not another problem to hold me back. He says your fine...I say so you dont think I have anymore issues...he says "your fine".

Ok, cool...I know at this point, he says Im fine, so I feel good! I know it will be Monday/Tuesday before it will go to an UW, but I feel good.

Im up at 5am (as always) Monday morning and get an email form SDFCU...denied...to many INQ's and new accounts! Whaaaat?  Im NOT happy at all!. 

I call them and talk to (I think the same woman that called me with the first denial)...I plead my case to her..she listens patiently...very impathetic...finally she says she will take it to her supervisor, they would replay my conversation from Friday and he would call me back. Still haven't heard form anyone. I get home Monday night, I have a letter form SDFCU...denial letter...mailed 11/4 at 7:00pm...that was an immediate denail and I am pretty disgusted with SDFCU

I looked at the thread on this board about all CU's and I found many people with nice profiles that app'ed SDFCU with 8-10 inqs, 750+ scores, and getting denied..

wooow, that s pretty strict....

oh well Aduke...we lick our wounds and move forward. I had already decided I was going to go for NFCU platinum card, because it fits what my requirements were for my BT card, just the rates aren't quite as low, but they look like they will be much more receptive of my business and I really need a good CL.

I am hoping this will go better...me thinks it will! 

I did do my 3x on my BCE today and now at 6K! I needed that! 

[Aduke1122]

Wow sorry to hear of all the troubles Stryder with SDFCU , thats crazy and I sure hope you atleast get them to understand why you are so upset esp after you sending them a copy of your reports and explaining to them bf hand . I would be very HOT!!

CreditAddict im not giving up on Navy all together I just don't want to be treated partially because of my income or whatever is scaring them , I honestly don't know what it could be if it's not what I named. I will try again in 3 to 6 mths and give my new accts time to age some , maybe they will surprise me , I sure hope so😊 thanks you guys for the encouragement I needed that !

[Anonymous]

A quick update from my post on Monday when i received the 24hr review message on my CLI request. I assumed it was a denial but this morning checked on my account and was given X2 increase going from 7k to 14k. Another example of how you just never know how this crazy credit world will turn out.

[Aduke1122]

Congrats ORKO , see I knew you were PAST DUE for one !