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Wow, what an approval! (NFCU +data points)

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Regular Contributor

Wow, what an approval! (NFCU +data points)

Sooo... I applied  for membership at NFCU about a month ago, and called yesterday to fund my savings account.  I was not planning to app for anything until after my car loan, but I could not resist. (I can drag a few more months out of my Subi...) and apped for cashRewards around 8pm. I got the 24 hour review message. 

 

About 3 hours later, I got a message - I was approved at 13.4% interest for $22,100, 

 

This is unbelievable. They pulled TU which was at 651.  I have a long history (oldest accout 13 or 16 years, depending on the bureau), AAoA is 3y 3m, 5 inq, 14% uti. I have a really dirty file - still have multiple 120 day lates from 2012/2013, and the last 2 years I have paid everything on time except for once - that late was 3 months ago. My income is about 65,000. My scores have increased over 100 points since January.

 

Why on earth would they give me a SL of $22,100? It's just  crazy. How could they possibly want me to have access to that much credit? Not that I'm complaining, but wiith my demographics I am shocked.

 

 

ETA - I have 3 other cards - limits are much lower!  Citi DC $1500, Cap One quicksilver (PCed from Journey) $2700, and Discover IT $2400.

 

Starting EQ 553 TU 541 Jan2017
Current EQ 679 TU 680 EX 687
Goal: 680 ATB
Message 1 of 18
17 REPLIES 17
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Senior Contributor

Re: Wow, what an approval! (NFCU +data points)


@JJC37 wrote:

Sooo... I applied  for membership at NFCU about a month ago, and called yesterday to fund my savings account.  I was not planning to app for anything until after my car loan, but I could not resist. (I can drag a few more months out of my Subi...) and apped for cashRewards around 8pm. I got the 24 hour review message. 

 

About 3 hours later, I got a message - I was approved at 13.4% interest for $22,100, 

 

This is unbelievable. They pulled TU which was at 651.  I have a long history (oldest accout 13 or 16 years, depending on the bureau), AAoA is 3y 3m, 5 inq, 14% uti. I have a really dirty file - still have multiple 120 day lates from 2012/2013, and the last 2 years I have paid everything on time except for once - that late was 3 months ago. My income is about 65,000. My scores have increased over 100 points since January.

 

Why on earth would they give me a SL of $22,100? It's just  crazy. How could they possibly want me to have access to that much credit? Not that I'm complaining, but wiith my demographics I am shocked.

 


Be happy ... I got approved a couple of weeks ago and got a SL of $23.500 with a slighly higher APR (I PIF so it doesn't matter) and my TU is 786 right now. Don't fight the beast Smiley Wink

Message 2 of 18
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Established Contributor

Re: Wow, what an approval! (NFCU +data points)

Wow that is an awesome SL super congrats on your sweet approval JJC37!!! 😉
Message 3 of 18
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Regular Contributor

Re: Wow, what an approval! (NFCU +data points)

@pipeguy - I certainly won't! Smiley Very Happy But I still think it's weird.

Starting EQ 553 TU 541 Jan2017
Current EQ 679 TU 680 EX 687
Goal: 680 ATB
Message 4 of 18
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Regular Contributor

Re: Wow, what an approval! (NFCU +data points)

Thanks, GIJ!

Starting EQ 553 TU 541 Jan2017
Current EQ 679 TU 680 EX 687
Goal: 680 ATB
Message 5 of 18
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Established Contributor

Re: Wow, what an approval! (NFCU +data points)

Congratulations!
In the wallet:
Amex PRG ~ Amex BCE ~ Discover ~ NFCU Cash Rewards Visa Signature ~ NFCU Platinum Visa ~ NFCU Line of Credit ~ Chase Amazon Prime Visa Signature ~ PenFed Cash Rewards Visa ~ PenFed Promise Visa ~ Fairwinds Credit Union Cash Rewards Visa ~ CapOne QS1 ~ Lowes Store Card

Closed on mortgage 8/9/17!! Woot!
Message 6 of 18
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Regular Contributor

Re: Wow, what an approval! (NFCU +data points)

Thanks CharlieFT! 

 

I'm still in shock.

Starting EQ 553 TU 541 Jan2017
Current EQ 679 TU 680 EX 687
Goal: 680 ATB
Message 7 of 18
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Valued Contributor

Re: Wow, what an approval! (NFCU +data points)

Congrats!! That's a great Navy approval. They are a terrific CU to work with
State Farm Rewards (3,000) ~ Marvel MC (8,000) ~ PenFed Power Cash (10,000) ~ PenFed Promise (1,000) ~ PenFed OLOC (500) ~ Discover ($1,100) ~ Citi DC (2,200) ~ NFCU cashRewards (6,200) ~ NFCU Platinum (2,700) ~ NFCU CLOC (15,000) ~ Venture (10,300) ~ DCU Visa (5,000) ~ Chase Freedom (3,000) ~ Amex Hilton Honors (5,000) ~ Amex SPG (1,000) ~ Amex BCE (1,000) ~ Care Credit (15,000)
Current Scores (6/6/18): 697 Transunion, 659 Equifax, 674 Experian
Message 8 of 18
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Regular Contributor

Re: Wow, what an approval! (NFCU +data points)

Thanks Tigers! They must like something about my file but I cannot for the life of me imagine what that might be.

 

Maybe they love teachers. Smiley Happy We can always use some love.

Starting EQ 553 TU 541 Jan2017
Current EQ 679 TU 680 EX 687
Goal: 680 ATB
Message 9 of 18
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Established Contributor

Re: I just apped for NFCU cashRewards...

 

Congratz ! ! !

 

on the Quick Approval & Impressive starting credit line with Navy!

 

Best Wishes ! ! !

.

 


@JJC37 wrote:

I got the approval 4 hours later for $22,100Smiley Happy


05/03/16 Fico 8 Scores: EQ 546, TU 501, EX 548
09/01/16 Fico 8 Scores: EQ 662, TU 628, EX 657
10/04/16 Fico 8 Scores: EQ 692, TU 665, EX 686
01/15/17 Fico 8 Scores: EQ 706, TU 670, EX 687 * all Yellow / Good
Message 10 of 18
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