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DCU Visa Approval with no FICO

Federalist
Regular Contributor

DCU Visa Approval with no FICO

Before I came to MyFico and learned about NFCU (which I'll be opening next week once all but one of my balances are zero and my installment loan reports), I started with DCU. My "Loan Suite" never had anything in it other than apply buttons. That changed 2 days ago with preapprovals and such showing all over the page.

 

I shouldn't have applied. I'm a month away from hitting the 6-month mark on my oldest account. I have no FICO and with 8 new revolving accounts, my best course of action was to sit back for at least a month or two (or 10, or 20) and play the soft pull CLI game until my accounts ripened. Plus, neither of my "high" credits of $1500 Alaska Air nor $3000 Wayfair were showing up yet (well, Wayfair was still showing $500 and Alaska Air hadn't popped yet). I had to decide whether to wait a week until my utilization had that perfect mix or wait a couple of months for FICO and some history under my belt.

 

That pesky "preapproved" button is so darn hard to ignore.

 

I pulled the trigger on a DCU Visa and asked for $3000 SL. They requested ID and last paystub. Then, approved. I'm floored.

 

Data Points:
No FICOs, FAKOs around 600

Total Utilization 16%, 2 cards reporting too much utilization

DCU Checking and Savings, 2 months old, low balances

Good income but no direct deposit yet

1 Timothy 6:10
Message 1 of 8
7 REPLIES 7
donny10
Senior Contributor

Re: DCU Visa Approval with no FICO


@Federalist wrote:

Before I came to MyFico and learned about NFCU (which I'll be opening next week once all but one of my balances are zero and my installment loan reports), I started with DCU. My "Loan Suite" never had anything in it other than apply buttons. That changed 2 days ago with preapprovals and such showing all over the page.

 

I shouldn't have applied. I'm a month away from hitting the 6-month mark on my oldest account. I have no FICO and with 8 new revolving accounts, my best course of action was to sit back for at least a month or two (or 10, or 20) and play the soft pull CLI game until my accounts ripened. Plus, neither of my "high" credits of $1500 Alaska Air nor $3000 Wayfair were showing up yet (well, Wayfair was still showing $500 and Alaska Air hadn't popped yet). I had to decide whether to wait a week until my utilization had that perfect mix or wait a couple of months for FICO and some history under my belt.

 

That pesky "preapproved" button is so darn hard to ignore.

 

I pulled the trigger on a DCU Visa and asked for $3000 SL. They requested ID and last paystub. Then, approved. I'm floored.

 

Data Points:
No FICOs, FAKOs around 600

Total Utilization 16%, 2 cards reporting too much utilization

DCU Checking and Savings, 2 months old, low balances

Good income but no direct deposit yet


Congratulations. DCU is great. Their even better in branch.

Message 2 of 8
Aduke1122
Senior Contributor

Re: DCU Visa Approval with no FICO

Awesome 👏 congrats op
Message 3 of 8
CYBERSAM
Valued Contributor

Re: DCU Visa Approval with no FICO

Congrats! DCU is awesome. I'll use them for personal banking and never had any issue.







Message 4 of 8
GiJane007
Established Contributor

Re: DCU Visa Approval with no FICO

Congratulations Federalist on your DCU approval!
Message 5 of 8
Musiclover
Super Contributor

Re: DCU Visa Approval with no FICO

That is amazing! Congratulations!


Daily Drivers: Penfed Platinum Rewards; NFCU GoRewards; Discover..
Message 6 of 8
bogeygolfer
New Contributor

Re: DCU Visa Approval with no FICO

That's awesome! Congrats!


Message 7 of 8
Tigers09
Valued Contributor

Re: DCU Visa Approval with no FICO

Congrats on your DCU approval.
Been with them a year since getting an auto refi. So far everything's been good
State Farm Rewards (3,000) ~ Marvel MC (8,000) ~ PenFed Power Cash (10,000) ~ PenFed Promise (1,000) ~ PenFed OLOC (500) ~ Discover ($1,100) ~ Citi DC (2,200) ~ NFCU cashRewards (6,200) ~ NFCU Platinum (2,700) ~ NFCU CLOC (15,000) ~ Venture (10,300) ~ DCU Visa (5,000) ~ Chase Freedom (3,000) ~ Amex Hilton Honors (5,000) ~ Amex SPG (1,000) ~ Amex BCE (1,000) ~ Care Credit (15,000)
Current Scores (6/6/18): 697 Transunion, 659 Equifax, 674 Experian
Message 8 of 8
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