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Shocked! NFCU CR Approval - Low score, Lots of baddies

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Shocked! NFCU CR Approval - Low score, Lots of baddies

Thank you so much to all of you that share information in this forum!

 

Background: I have a lot of charge offs and collections from 2013/2014 almost $50k worth. I was given so many pre-approvals for cards and personal loans and didn't know any better and got in to debt real quick. 

 

I joined NFCU almost 4 years ago.  In Dec 2018 I decided to start rebuilding my credit so i deposited $500 in to my savings and got a Nrewards because I doubt I would have got approved for any unsecured card (scores were in the low 500's).  I use the card often and pay it down multiple times a month. Received a pre approval for a Capital One Platinum Secured and applied in May 2019 and was approved ($49 for $200 limit)

 

Last month I discovered myFICO forums and learned so much about PIF, statement cut dates, monitoring apps, etc.  I carried a high balance on both cards because of a vacation in June and it killed my utilization.  So this month I paid them both in full and watched and watched for it to be reflected (statement cut 7/22 & 7/25).  Since I learned on here that NFCU pulls TU I waited til it reported. Cap1 reported on 7/29 Finally NFCU reported today!   My TU went from 562 to 608 (FICO9) 

 

I pulled the trigger and held my breath as it kept spinning...bam! APPROVED CR $15,000 Smiley Surprised Largest limit I've ever had and I couldn't have done it without you guys!  Thank you!!!  

 

Felt daring and also apped for Paypal Credit because I use them a lot and got approved for $500 (TU) which is enough for me Smiley Happy  To the garden I go................

 

Message 1 of 11
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Community Leader
Super Contributor

Re: Shocked! NFCU CR Approval - Low score, Lots of baddies

Welcome to the forums, @kayaktus, congrats on your recent approvals, and good luck on your rebuild going forward!

2020 is like a steak cooked well-done that needs to get out of my face. - @imapharmacygirl
Message 2 of 11
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Frequent Contributor

Re: Shocked! NFCU CR Approval - Low score, Lots of baddies


@kayaktus wrote:

Thank you so much to all of you that share information in this forum!

 

Background: I have a lot of charge offs and collections from 2013/2014 almost $50k worth. I was given so many pre-approvals for cards and personal loans and didn't know any better and got in to debt real quick. 

 

I joined NFCU almost 4 years ago.  In Dec 2018 I decided to start rebuilding my credit so i deposited $500 in to my savings and got a Nrewards because I doubt I would have got approved for any unsecured card (scores were in the low 500's).  I use the card often and pay it down multiple times a month. Received a pre approval for a Capital One Platinum Secured and applied in May 2019 and was approved ($49 for $200 limit)

 

Last month I discovered myFICO forums and learned so much about PIF, statement cut dates, monitoring apps, etc.  I carried a high balance on both cards because of a vacation in June and it killed my utilization.  So this month I paid them both in full and watched and watched for it to be reflected (statement cut 7/22 & 7/25).  Since I learned on here that NFCU pulls TU I waited til it reported. Cap1 reported on 7/29 Finally NFCU reported today!   My TU went from 562 to 608 (FICO9) 

 

I pulled the trigger and held my breath as it kept spinning...bam! APPROVED CR $15,000 Smiley Surprised Largest limit I've ever had and I couldn't have done it without you guys!  Thank you!!!  

 

Felt daring and also apped for Paypal Credit because I use them a lot and got approved for $500 (TU) which is enough for me Smiley Happy  To the garden I go................

 


Congratulations and Welcome!  Navy is the bomb and you are definitely on the right track!

Starting FICO 8 December 2017

FICO 8 as of 6/7/20



Sock Drawer:

Message 3 of 11
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Community Leader
Mega Contributor

Re: Shocked! NFCU CR Approval - Low score, Lots of baddies

Amazing successSmiley Happy All the bestSmiley Happy
Message 4 of 11
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Epic Contributor

Re: Shocked! NFCU CR Approval - Low score, Lots of baddies

Welcome To myFICO Forums and

popcorn eating emoticon.gif

Message 5 of 11
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Valued Contributor

Re: Shocked! NFCU CR Approval - Low score, Lots of baddies

       shocked_2.jpg

W O W !!!   A W E S O M E !!!

C O N G R A T S !!!  Smiley Very Happy

 

I haven't dealt with them (yet) but NFCU continue to impress me!

As a veteran, it would be a sweet deal. 

I discovered they even have local branches in my area.

They have some great cards and seem very customer-friendly.

 

Welcome to My Fico Forums and keep up the great work!   



Updated 10/08/2020
Total Length of Credit = 35+ years; AoOA (Currently open accounts) = 27+ years;
AAoA = 8+ years; AoYA = less than 1 year (Aug 2020)
Total Open Credit Lines Over $538K. Utilization Less Than 1%.
Inquiries until Nov 2020 (TU:3 -- EQ:4 -- EX:9)
New Accounts: 3/6 months; 8/12 months; 12/24 months (as of 10/15/20)
*Hover cursor over each card to see name & CL, or press & hold on mobile app.
Message 6 of 11
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Valued Contributor

Re: Shocked! NFCU CR Approval - Low score, Lots of baddies

Awesome, congrats on the two new cards and massive SL with Navy!




Message 7 of 11
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Moderator

Re: Shocked! NFCU CR Approval - Low score, Lots of baddies

Grats on the new card Smiley Happy
Message 8 of 11
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Valued Contributor

Re: Shocked! NFCU CR Approval - Low score, Lots of baddies

Congrts on the new nfcu card and pp credit approval. 




"Your ego is writing checks your body can't cash".
Message 9 of 11
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Senior Contributor

Re: Shocked! NFCU CR Approval - Low score, Lots of baddies

Congrats on your NFCU cashRewards approval and monster SL! 




Message 10 of 11
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