cancel
Showing results for 
Search instead for 
Did you mean: 

UPDATED Should I join NFCU or wait? Help! (WENT FOR IT AND OMG - IN SHOCK)

Highlighted
Frequent Contributor

UPDATED Should I join NFCU or wait? Help! (WENT FOR IT AND OMG - IN SHOCK)

I am going to get a checking account with NFCU and I would like to get a CC and possibly a LOC or loan. I have credit debt that I would like to transfer over and take advantage of a lower rate. My scores are EQ 659 TU 676 EX 683, utilization is 36 percent, high CL is 15k, and income is over 100k. My scores were all above 700 but I have a late from Jan 2017 that I am working on getting removed Smiley Sad should I wait to apply or should I go for it? I really don't want to get a low limit because I want to transfer some balances. My ultimate goal is to get a HELOC with them so that I can make home improvements once my debt is almost paid off.

11/30/14 EQ 545 TU 573 EX 602 01/15 EQ 545 TU 586 EX 589
02/15 EQ 643 TU 627 EX 669 03/05/2015 EQ 708 TU 744 EX 707
05/2017 EQ 659 TU 676 EX 683
Goal: 700s across the board Smiley Happy
Message 1 of 42
41 REPLIES 41
Highlighted
Senior Contributor

Re: Should I join NFCU or wait? Help!

Message 2 of 42
Highlighted
Frequent Contributor

Re: Should I join NFCU or wait? Help!

I do through my brother.
11/30/14 EQ 545 TU 573 EX 602 01/15 EQ 545 TU 586 EX 589
02/15 EQ 643 TU 627 EX 669 03/05/2015 EQ 708 TU 744 EX 707
05/2017 EQ 659 TU 676 EX 683
Goal: 700s across the board Smiley Happy
Message 3 of 42
Highlighted
Frequent Contributor

Re: Should I join NFCU or wait? Help!

What are your thoughts?
11/30/14 EQ 545 TU 573 EX 602 01/15 EQ 545 TU 586 EX 589
02/15 EQ 643 TU 627 EX 669 03/05/2015 EQ 708 TU 744 EX 707
05/2017 EQ 659 TU 676 EX 683
Goal: 700s across the board Smiley Happy
Message 4 of 42
Highlighted
Frequent Contributor

Re: Should I join NFCU or wait? Help!

The scores above are my fico 8 scores.
11/30/14 EQ 545 TU 573 EX 602 01/15 EQ 545 TU 586 EX 589
02/15 EQ 643 TU 627 EX 669 03/05/2015 EQ 708 TU 744 EX 707
05/2017 EQ 659 TU 676 EX 683
Goal: 700s across the board Smiley Happy
Message 5 of 42
Highlighted
Established Contributor

Re: Should I join NFCU or wait? Help!

I would say go ahead and join to start the relationship. If you don't get the large CL, just wait 3 months show them you're responsible and they will reward you well. Navy is truly a group that if you're good to them they'll be good to you. So just by joining you have nothing to lose and they may give you a nice SL on a CC. 

My FICO is way worse than yours and I got one. 

Starting Score: EQ 497 TU 496 EX 499
Current Score: EQ 592 TU 580 EX 581
Goal Score: 700 Across the board


Take the myFICO Fitness Challenge
Message 6 of 42
Highlighted
Frequent Contributor

Re: Should I join NFCU or wait? Help!

What was your SL?
11/30/14 EQ 545 TU 573 EX 602 01/15 EQ 545 TU 586 EX 589
02/15 EQ 643 TU 627 EX 669 03/05/2015 EQ 708 TU 744 EX 707
05/2017 EQ 659 TU 676 EX 683
Goal: 700s across the board Smiley Happy
Message 7 of 42
Highlighted
Frequent Contributor

Re: Should I join NFCU or wait? Help!

Any other advice from anyone else??

11/30/14 EQ 545 TU 573 EX 602 01/15 EQ 545 TU 586 EX 589
02/15 EQ 643 TU 627 EX 669 03/05/2015 EQ 708 TU 744 EX 707
05/2017 EQ 659 TU 676 EX 683
Goal: 700s across the board Smiley Happy
Message 8 of 42
Highlighted
Frequent Contributor

Re: Should I join NFCU or wait? Help!

Go ahead and join. As for applying for a card, I'd personally try to get utilization down at least under 30 before applying.
Last app 1/2/2017.
In the garden until at least 6/2/2017.
Message 9 of 42
Highlighted
Regular Contributor

Re: Should I join NFCU or wait? Help!

I joined with scores of 620's-630's, income of $75k, a few baddies from 2+ years ago. My SL was $3700. I didn't attempt to recon my SL, like some have successfully done. I haven't hit 90 days yet, but I'm hopeful for a boost when I do. Anecdotally, they seem to give good increases, even if you don't start very high. I'd say go for it. If you don't get the SL you want initially, I'd bet (with your stats) that you'd get a nice increase in three months.

 

Edit to add: my utilization when I applied was around 30% +/-.

Message 10 of 42
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.