No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
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?!
Wow that's fantastic. Congrats
Congratulations !! Red Alert ! You Killed It !!
Congrats on the approvals and CLI!! Continued success on reestablished Navy relationship!! 🥳
So happy for you and clearly your persistence paid off!! This is great. Congratulations!
Congratulations on your Navy Approval..
Glad to see that you had payed them back
Incompetence is the general rule today, congrats on the recon
Congratulations on your NFCU approval!