Took advantage of signing up for an NFCU membership via family referral. Sister had offered this to me in the past-- i wish i had done this sooner! this was before i knew anything about NFCU and before i discovered myfico.com.
9/14/2016--signed up at the local San Diego branch. HP TU (score: 634) FOR NFCU MEMBERSHIP
Looking to finance home renovation for my parents' home...pulled the trigger and applied for NFCU Personal Expense Loan.
10/8/2016-- apped for Personal Loan and asked for $50,000 @ 60mos. HP TU @646 (thought they pulled Equifax for Consumer Loans? guess it's not always consistent.)
This was quite a tedious process... Loan Officer asked for a series of documents...
2 paystubs, 1 bank statement indicating direct deposit, w-2 AND AND AND 2015 TAX RETURN!
Annual income at $144,000. They wanted to verify my monthly income.
10/9/2016- conditionally approved for $39,000/60 mos @ 17.9% APR.
Wasn't too excited about the APR. I have 14 days to finalize the loan and submit promissory note but I think i will withdraw the application due to high APR. I will apply for PenFed by December for a Personal Loan in hopes they will give me a lower APR.
10/10/2016- been on a high with this mini app spree... applied for the CashRewards Credit Card... keep in mind, i was initially declined last month and this time, i was instantly approved for $24,000@ 14%APR!!! this is my highest CC SL!
i have yet to find out which CB they HP... what a difference a month makes!
Congratulations!!!! That is definitely how you do it!!! Big big Congrats once again!! Welcome to the Navy Federal Family and keep doing it right with them and they will reward you even more!!!
Congratulations on your successesl!!!
Congrats and ty for your breakdown of events.