Navy Federal CLI with very high UTIL

[Anonymous]

I have a CLOC and 8K GoRewards CC with Navy.  My balance is currently sitting at 7800 and overall my CC util on credit report is 90%. I have been out of work for some months and just returned last month. I heard Navy just did the AR's last month so I wanted to see if I can get approved for a CLI so I can have some cushion until I'm able to pay down my balances. I have had the card since June 2016 and every 3 months I would try for a CLI but always got the review message. All 3 Credit reports are frozen so Navy would call and ask me to unfreeze my EQ, and I would always decline because I didn't want an inq. To my surprise, I just put in for a 2000k increase instead of hitting the max to see if I would be approved....and I was approved! This would help somewhat to reduce my UTIL..... I DO NOT plan on using the funds at all....

After I start paying the balance down - how soon can I request another CLI and maybe get to the 25k max??  Credit score is 635/ No blemishes, clean report, score is low due to Utilization. 

[Aduke1122]

Nice CONGRATS on the CLI that's seems like the same exact situation as my fiancé , he has had the cc since July 5th , tried 3 times and declined each , he has carried a balance on this card and has higher UTI and it stated that as the reason bf for the decline . W heave been too scared to ask again , don't want to waste another HP .. but your scores are very close . This gives me some hope !

[Aduke1122]

And to answer your question, it's 6 mths between each CLI

[Anonymous]

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@Aduke1122 wrote:
Nice CONGRATS on the CLI that's seems like the same exact situation as my fiancé , he has had the cc since July 5th , tried 3 times and declined each , he has carried a balance on this card and has higher UTI and it stated that as the reason bf for the decline . W heave been too scared to ask again , don't want to waste another HP .. but your scores are very close . This gives me some hope !

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I was so shocked. Glad I was able to give you hope

[Anonymous]

Congrats on the increase!!

[Anonymous]

Congrats on the increase.  We have had very high utiization on our NFCU cards and CLOC since the summer, recently paid all of the NFCU stuff down to under 50% and today got a couple of great CLIs my 10k card to 18k (still room for improvement but had several apps this past couple of months that held be back most likely) and my wife's 10k card was increased to 22k.  Brings our overall utilization down to about 12% and the NFCU cards to about 20% or less so in 6 months I am hoping to get a pop to 25k each plus a CLI on my former secured card.

We had been denied CLI's the past several  AR's, bringing down the utlization opened the door for us.

[rmduhon]

We were approved for a 14,500 CLI yesterday with `80% UTI on our GoRewards card, ~15-18% overall.

[Anonymous]

Congratulations on the CLI! Glad NFCU was able to give you a little cushion with your UTIL!

[Anonymous]

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@Anonymous wrote:

Congrats on the increase.  We have had very high utiization on our NFCU cards and CLOC since the summer, recently paid all of the NFCU stuff down to under 50% and today got a couple of great CLIs my 10k card to 18k (still room for improvement but had several apps this past couple of months that held be back most likely) and my wife's 10k card was increased to 22k.  Brings our overall utilization down to about 12% and the NFCU cards to about 20% or less so in 6 months I am hoping to get a pop to 25k each plus a CLI on my former secured card.

We had been denied CLI's the past several  AR's, bringing down the utlization opened the door for us.

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Wow... congrats to you also! That's awesome!

[Anonymous]

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@rmduhon wrote:
We were approved for a 14,500 CLI yesterday with `80% UTI on our GoRewards card, ~15-18% overall.

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Lucky you! I didn't want to push it so only requested 2k hahaha!