NFCU CC APPROVAL * + Scores*

[firefox100]

Congratulations on awesom approval from NaVy. enjoy it have fun.

[Rdbeetle]

Congrats on your NFCU approval! That's an awesome SL!!!

[laurenjessica]

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@Ceewin wrote:

I lurk on these boards almost everyday and I try my best not to go into the CC Approvals section, but I always find myself here.  I had no plans to apply for any credit until later this year but I kept getting mailers from NFCU with an offer code.  My inquiry history on TU is 1/24 (credit card) & 3/12 (mortgage inqs only).  My current highest CL is AMEX BCP @$7600 which is more than enough for our spending needs as we're focusing on keeping up with an extra $400/month ($100/weeek) extra principle payment to be mortgage free much sooner than 30 years

But...look at what I was just approved for!! A $25k SL...what is going on here?!?!

I don't know my FICO Bankcard Score.  Here are my FICO 8's

TU 807

EX 741

EQ 787

ETA: I think I would consider my file young & thin.  AAoA=2yrs 7mos, Oldest Acct= 7 years (I'm an AU), Zero Installment loans, 1 paid Auto Loan, 1 mortgage, and 10 credit card accounts.  I'm an AU on 6 of DH's cc accounts.

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Congrats on your monster Navy approval!

[Anonymalous]

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@Ceewin wrote:

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Interesting.   I always thought "seasoned" files had at least an average age of 6+ years with 3+ cc's, and one active auto, installment and mortgage loan reporting.  Also, I was wondering about that interest rate and you're correct.  The mailer states it would range from 14.40% to 18% (.99% 6 mos intro rate).  It will be the first card I reach for , but I probably wont meet the $2k spend in 90days SUB of $200.

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That sounds like the "high FICO performers have..." stuff, which is more about mean or median profiles within various score or demographic ranges. Thin/thick and young/mature typically refer to scorecards, which are how profiles are classified. They're important because each scorecard scores things in different ways, which explains why different profiles react so differently to the same changes. To give a simple example, I lost about 50 points after a single application, and that's because young scorecards are very sensitive to the credit seeking. The breakpoints also vary by FICO version, with 2 years being applicable for the older mortgage scores, or 3 years with some of the newer models (IIRC). If you're really interested, the best place to look is the FICO Scoring board.

[NoMoreDebt]

WOW, congrats on the sl

[Creditwiser]

As they say, you gotta love Navy !   Congrats on an awesome approval and SL !

[Guyatthebeach]

Congratulations on your approval!

Guyatthebeach

[Great_Things_Ahead]

Congratulations on your awesome Navy Federal Approval 🥳

[alextercero]

Congrats on the approval

[JoeRockhead]

Very nice SL and approval, congratulations!