You said you settled your delinquent auto loan for less, but then you said you plan to pay off the remainder of it soon. I'm not sure what you mean. If you settled the account for an agreed amount, then there is no need to pay off any more of it - that's what "settled" means.
Total Loan Balance: $43k / $65k
Total SL: $78k
PenFed likes clean profiles. That charge off might impact your approval odds until it gets removed from your credit report.
It appears you have sufficient income. They like low DTI too. For new customers, max credit line approval is $10k. Expect 1 hard EQ inquiry for membership and another for CC application.
The Pathfinder or PCR CC might suit your needs.
It appears you have sufficient income. They like low DTI too. For new customers, max credit line approval is $10k. Expect 1 hard EQ inquiry for membership and another for CC application.
The Pathfinder or PCR CC might suit your needs.
That was the old policy. New data points shows 1 pull per application. Triple pull for just thinking about them.
@Anonymous wrote:
It is paid in full for an agreed upon amount. However to get back in with NFCU I will have to satisfy the account in full. It isn't to better my score, just to solely be in good standing with NFCU as they were/are an amazing CU. I'd love to do business with them again and to do that my old debt would need settled in full.
I see, and that makes sense. Are you sure that's NFCU's policy, though? (That they won't do business with you until you pay the full debt)?
I don't have any experience with NFCU personally, so I have no idea if that's their policy... but generally speaking, most creditors won't make you pay a previously-settled balance before considering you for new credit. Many major banks will happily welcome back any returning customers with decent credit profiles regardless of any past losses they've had with that customer. Cap1 and Chase, for example, don't care if you settled with them for less in the past, as long as you have a good credit profile now.
@Anonymous wrote:
So this is my current credit situation:
Oldest credit line is a 13 year old store credit line of $2500. Never late
I have multiple accounts (12+) all paid satisfactory. 3 credit cards 6 months old with a combined credit limit of $2800, An auto loan 6 months old, and another installment loan that is 2 years old. 3% utilization.
I have an auto loan that was charged off but paid for less than owed that is 6 years old. No other baddies.
8 inquiries in the last year. 6 months ago I started my credit rebuilding. My current score is an avg of 690 fico 8.
My question is, I'd like to add 1 more credit card before gardening for the next year. What would be the best travel card that I could get with a high limit that would look past my charged off auto. I'd love to get the chase sapphire preferred. But figure maybe USAA or penfed might give me a better SL. Any thoughts or recommendations? Doesnt necessarily have to be a travel card if it'll not me a higher SL.
Thanks in advance for any replies
If you can afford the huge annual fee, I would say the best travel card you could get would be the Amex Platinum.
