Grats on getting you flagship card approved 
Congratulations! What a story of trial and triumph!!
WOW, finally got the NFCU letters from my initial application in INTERESTING DETAILS!! So AGAIN...a nudge towards my account status and balance is seen, which supports that my deposit triggered the acceptance??
So they sent me two letters and it's a bit all over the place. So they have some internal score and they gave me 300 of 450. So that would give me like a 70% score? Then look at the factors for denial and note what tops the list:
[NOTE: These are key factors that hurt my NFCU score]
BALANCE status of NFCU accounts(near empty account!)
Direct deposit status of NFCU account (AGAIN money into or IN NFCU related)
Not enough variaty of secured loans (so having a personal loan or car loan would have likely helped)
Number of payments in last year (say what??)
Number of inquiries (ummm...TU only had ONE at that time, from a year ago)
Then ANOTHER part of the letter specifies the ACTUAL reason for denial, supposedly. It says delinquent past or present credit obligations. Ummm...OK. was that the 2 recent lates or the charge off about to fall off?
Then they sent ANOTHER letter that is vague. It does not really say much, but on back it has my TU score as ~580!!!! **bleep** is that? Then a while bunch of NEW factors affecting my score. Like not enough debt management or property ownership, high interest rate loans, not enough short term small dollar lending data, not enough loan paymen info on alternateive credit file...
So, I really don't know what to say about all this. I'm just happy I'm getting this card...supposedly.
@visualfxpro wrote:WOW, finally got the NFCU letters from my initial application in INTERESTING DETAILS!! So AGAIN...a nudge towards my account status and balance is seen, which supports that my deposit triggered the acceptance??
So they sent me two letters and it's a bit all over the place. So they have some internal score and they gave me 300 of 450. So that would give me like a 70% score? Then look at the factors for denial and note what tops the list:
[NOTE: These are key factors that hurt my NFCU score]
BALANCE status of NFCU accounts(near empty account!)
Direct deposit status of NFCU account (AGAIN money into or IN NFCU related)
Not enough variaty of secured loans (so having a personal loan or car loan would have likely helped)
Number of payments in last year (say what??)
Number of inquiries (ummm...TU only had ONE at that time, from a year ago)
Then ANOTHER part of the letter specifies the ACTUAL reason for denial, supposedly. It says delinquent past or present credit obligations. Ummm...OK. was that the 2 recent lates or the charge off about to fall off?
Then they sent ANOTHER letter that is vague. It does not really say much, but on back it has my TU score as ~580!!!! **bleep** is that? Then a while bunch of NEW factors affecting my score. Like not enough debt management or property ownership, high interest rate loans, not enough short term small dollar lending data, not enough loan paymen info on alternateive credit file...
So, I really don't know what to say about all this. I'm just happy I'm getting this card...supposedly.
Thats a case where i take the approval and forget about the denial reasons lol. I know people want to get the denial reasons so as to know what to work on, makes sense, but im the kind that they either approve or they dont and being that many times lenders will put the most ctazy reasons for denial that we often times have no control over, i just take the yes no approach lol.
Enjoy 18k
Ladies and gentlemen. It has arrived! I already bought lunch AND they let me pay it off already! Nice they don't block you from paying pending charges. So basically I paid it off before the charge was even active.
So now today I'll move ALL my auto pays to this card. Then I'll just rotate using the other cards for small stuff, but for now until mortgage close, I'll only use this card, so I will only have one cards with balance and less risk. No way I'm going ANYWHERE near even 30% until. So it will be tiny stuff reporting or stuff that won't hurt me.
I'm FREE!! No more watching EVERY SINGLE purchase! No need to worry so much about credit score either. I already have disputes going so nothing else for me to do but keep this card tight. My biggest stress was keeping until down, but that is not issue now.
And when I get my house this will come in handy for any large expenses, since money will be tight in the begining and my score won't matter. It will be down post mortgage and I'm not applying for any credit right now, unless I have to sell my card for downpayment after market crash. However I'll be able to get a car loan easy I think. Get it cheap enough and I can even pay off early to get something later with better rate.
Curious how my score looks in a year.
