Showing results for 
Search instead for 
Did you mean: 

NFCU after charge off

Established Member

NFCU after charge off

so I've previously posted. I charged off in chapter 7 NFCU for 6500 dollars back in the end of 2015. I have had pretty low credit since because I maxed out my cards that I have after having an accident a year and a half ago. I received a settlement so I paid off all my balances completely. I went from a 563 to a 620 after paying these all off. I decided to pay back my charge off of 6500 to NFCU to try and reestablish a relationship. I applied for a card in May 2020 and was denied with reason "you caused navy Federal a loss" i requested recon and got a secured card for 300 dollars. 


At the time of the application in May my score was 620 transunion with 2 inquiries, no collections, 34 percent utilization across the board with the following cards: 

Discover it: 5000 

Target redcard: 2500

Usaa secured: 500

Capital one quicksilver: 3500

Lendingtree loan: 4500 left originally 11k loan

Amazon store card: 600


All payments on time. 


On 3rd billing cycle my secured card limit went up to 700 dollars (still secured) with letter that at 6 month mark it could be moved to unsecured. 


I decided to apply for the platinum rewards card. I got the 1-2 day dreaded message. I was DENIED!


I received the letter in the mail with denial "you caused navy Federal a loss" 


I sent a message and asked why this message is still on my account as I had paid it off in full and that it is no fair i get denied for credit. They are extremely backed up in answering it took 6 business days to get a response. Welll....... 


APPROVED!! 20 k starting limit with platinum rewards. It said we see you paid in full and no longer have a charge off on your account. I was approved for the 20k with a credit score on transunion of 660. 


CRAZINESS!! I am so happy I am in good graces with NFCU again! I hope that messsge was finally removed from my account so I do not have to go through recon everytime but if I have to its worth it. So glad they are taking care of me again. The only balance I have to date is 4 k left on lendingtree loan which has 28 percent APR. I will transfer that balance to new card and then I will be set. 


PS.... I used my NFCU secured card for every single purchase I could as if it were my debit card and made payments every couple of days. I made about 1500 in purchases a month (imagine doing that with only a 300 limit)  i also had all my deposits from work going in there (not direct deposit because I am still partially receiving compensation for work loss under my car accident insurance as I can only tolerate needing some time off here and there for flareups) 


NFCU is the best!!


Anyone have any questions regarding my situation?!

Regular Contributor

Re: NFCU after charge off

Wow that's fantastic. Congrats

Current Scores

Message 2 of 16
Established Contributor

Re: NFCU after charge off

Congratulations !! Red Alert ! You Killed It !!

Affinity FCU: Cash Rewards VS, PLOC. AOD FCU VS. BB&T Bright. BBVA: ClearPoints (x2), Rewards VS. Cap One: QS MC, QS Visa, SavorOne, Walmart. Discover it CB. DSNB: Bloomies Amex, Macy's Amex. NFCU: cashRewards VS, Plat MC, Plat Visa, CLOC. SECU MD VS. WF Propel Amex. Misc: Overstock, Target. TCL: $286K.
[6/21] Scores 8/9: 700-800s. Util: 1-2%. Inq/12: EQ 6, EX 8, TU 1. AAoA=5y, AoOA=34y, AoYA=6m.

Business: Staples LOC. FNBO Evergreen. AmEx Amazon Prime. Quill Net30. Uline. Office Depot.TCL: $22.3K
Current Project: 21-22 Business Profile.
Message 3 of 16
New Contributor

Re: NFCU after charge off

Congratulations on your big approval!

I know what you mean about multiple payments every month. Navy is still suspicious about me, I have two $500 cards with them (one Nov 2019, one July 2020). To hit the sub I pay in full every few days.
Current cards:

Goal cards:

Message 4 of 16
Community Leader
Senior Contributor

Re: NFCU after charge off

Congrats on the approvals and CLI!! Continued success on reestablished Navy relationship!! 🥳 

Message 5 of 16
Valued Contributor

Re: NFCU after charge off

So happy for you and clearly your persistence paid off!!  This is great.  Congratulations!

Message 6 of 16
Epic Contributor

Re: NFCU after charge off

Congratulations on your Navy Approval..


Glad to see that you had payed them backSmiley Happy

Message 7 of 16
Super Contributor

Re: NFCU after charge off

Thanks you for sharing your story. Congratulations on your CLI and approval!
Message 8 of 16

Re: NFCU after charge off

Incompetence is the general rule today, congrats on the recon Smiley Happy

Message 9 of 16
Senior Contributor

Re: NFCU after charge off

Congratulations on your NFCU approval!

Current Cards (in order of approval):

Current FICO 8 | 9:

Credit Age:

Inquiries (24 month):

Banks & CUs:

Goal Cards:

Currently: 2/6, 2/12, 5/24
Message 10 of 16
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.