NFCU new member question

[destine2grow]

I would app now. My CS was low due to utilization and a lot of inquriies and my score is lower than urs and I was approve for 2.5k and approve for the 2k navycheck I apped for. Although I only have one CO account that will fall off in 2016. However I do have some 120 day lates on my student loans. Good luck!

[Anonymous]

Well I just paid the USAA down to $10, Now I'll wait a week and recheck my scores before applying for the NFCU CC. I'm actually more worried about all of the medical collections knocking me out. I'm sure a computer would deny it instantly.

I have 11 collection accounts, which 6 are unpaid medical. The other 5 collections are paid to zero on my old CCs and car repo, I think the unpaid medical collections are going to be the death of me. I need to refinance my house to pay off the medical collections, but I can't refinance my house until I get my scores up. The easiest way to get the scores up would be a CC with a decent limit. It's like going in circles and a declined app is only going to make the situation worse. It is a very frustrating situation.

[leegreen]

Do some research on the collections to see how you can improve your credit. Look at the statute of limitations for your state. You can start at the rebuilding my credit forum here on myFico. OR you could google credit repair collections forum and see what else is out there. The first non sponsored result looks good.

When you get the funds to pay the unpaid collection look up PFD before just paying them. There are legal ways to repair your credit.

I wouldn't worry too much about NFCU denying you unless you burned them in the past. You can send me a PM for more info.

[Anonymous]

I had a car die today and in the process of freaking out about how to pay for a new transmission, I applied for the NFCU Cash Rewards Visa, even before waiting on my Util to come down below 50%. Within 30 seconds, I was approved for $6K. I think the rate was around 11.5 plus prime. Not too good, but I am so thankful for these guys, The limit itself should boost my score a good bit considering that i am coming from an 11 month old secured MC from USAA with a $300 llimit. These guys are amazing. My EQFX is 637 but that is from EXP.3 service reporting, a "Plus" score. This is with 5 paid CC collections and 1 paid repo, 5+ years old, as well as 6 unpaid medical collections, 2 years old. On the bright side, I have 2 paid installment loans and two that i am still paying. $$ range from $1k to 10K.  Also a perfectly paid mortgage for nearly 5 years and the Secured USAA Mastercard $300 (Though only EQFX shows it a s secured). All said, I guess it is do able and I thank you all for your advice. What to do next I wonder?

[Anonymous]

And you were so worried... Congrats!!!

[1GaDawg85]

Worried for nothing!

[Anonymous]

I never would have tried if had not been for all of the positive comments on here. Hell, this time last year BOA denied me for a secured card! The shopping card trick has never produced a pop up and the only offers I ever get are crap cards with $200 worth of fees and high rates. I have to say I am still in a state of disbelief. I suppose it will all sink in once I see the card show up and it starts reporting. I think now I should stop using the USAA and just leave a couple bucks on it each month, or should I leave it at zero until it expires next year?

Someone also said I should try to have 3 revolving accts. Should I pay these two for a few more months and then try for Walmart or are there easier ones to get?

[BarryNTexas]

Congrats on the Cash Rewards!

Work on those medical collections... I too have them on my report when I opened my NFCU accounts and it didn't keep them from approving me.

Google - whychat medical collections and check out that process.   I just had TU remove all of my med collections in one dispute!  Still waiting on the other two... but this process is successful, however can't be discussed here.

My Barclay's TU score changed this morning to 725.

Good Luck!

[BootStraps]

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@Anonymous wrote:

I had a car die today and in the process of freaking out about how to pay for a new transmission, I applied for the NFCU Cash Rewards Visa, even before waiting on my Util to come down below 50%. Within 30 seconds, I was approved for $6K. I think the rate was around 11.5 plus prime. Not too good, but I am so thankful for these guys, The limit itself should boost my score a good bit considering that i am coming from an 11 month old secured MC from USAA with a $300 llimit. These guys are amazing. My EQFX is 637 but that is from EXP.3 service reporting, a "Plus" score. This is with 5 paid CC collections and 1 paid repo, 5+ years old, as well as 6 unpaid medical collections, 2 years old. On the bright side, I have 2 paid installment loans and two that i am still paying. $$ range from $1k to 10K.  Also a perfectly paid mortgage for nearly 5 years and the Secured USAA Mastercard $300 (Though only EQFX shows it a s secured). All said, I guess it is do able and I thank you all for your advice. What to do next I wonder?

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If you can spare the pull, you may want to get a NFCU NavCheck (the Line of Credit) and then just baby the accounts so they grow up good and strong.

[Anonymous]

What is the best way to grow them strong quickly? Quickly as in a year. Should I leave the USAA at zero and just use the NFCU for things like house payments? I really don't see the need for the USAA when the CD for security deposit expires next Oct.  These do not "graduate", so what's the point?