91/3 Math So Confusing

[Caught750]

1% is still 1%. I understand that they may like to see that but if you're at 23% now and hoping to get to 9% with an increase you have time. You would need at least one more statement and that one can show the increase. Getting to 1% is as much about paying it off as it is having padding.

[NRB525]

It is possible NFCU applies a “bankers month” to every month. The year is considered 360 days, and each month is 30 days. Even if the month is 31 on the calendar. For computer calculations that want to convert to a generic “month” that is quite easy to program.

Another similar theory: NFCU management says “ we want more than three months between CLI.” The programmer says take the date of the last CLI, increment the Months portion by three, increment the Day Of The Month by one. That is the programmed target date when next CLI will not be outright denied. 

So for a CLI in January, you would be somewhat in better luck looking for the next CLI in April

[Anonymous]

Folks....I just begrudgingly apped for the Flagship...25k instant approval. That is just NFCU love at its finest. I thought they hated me. Im in tears

[Caught750]

Congrats on a massive approval! And you were upset about a few $k CLI. That certainly makes up for it! 😉

[Anonymous]

Homestly I was upset and dismayed all day about it.....Im thrilled. Its such a good feeling to do right by your bank and have it returned.

[Caught750]

The reasons I love Disco and Amex and closed all of my WF accounts! Congrats again!

[Anonymous]

I'm still in shock. I was also told by a rep earlier that they are now combining EQ pulls on loan products for 30 days and pulling EQ 99% of the time. I was considering just going for the 15k CLOC and taking out an auto loan but I really would not like another HP at this point

[CreditInspired]

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@Pikaboo-icu wrote:

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@Anonymous wrote:


So, who is correct? 

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The Bank/CU/Lender. 

Let's face it- it's their sandbox, their rules and they get to decide.

One will never argue/jolly/beg/explain or otherwise convince them. LOL

If they say it's 17th then it's the 17th and not a day sooner.  They're always happy to tell you the date (as they see it).

That said; I suppose as posted above, don't count the day you got approved and make it after the 91st day has passed, that would be the 17th.

CHEERS

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+1.

Took the words right out of my mouth 

[OmarR]

@Callesun wrote:
I see your point but the opposite argument is that many rebuilders are trying to rebuild as quickly as possible. For example my NFCU statement cuts in 48hrs so without a 91/3 CLI, my overall util would be 23% whereas with the CLI would put me below 9% delaying a sizeable FICO increase and possible prequal offers a month or two or three.

If you are trying to maximize your score for whatever purpose (mortgage, car, etc.), why don't you simply stay below 9% without the aid of a CLI?

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[Shooting-For-800]

3 months + a week.

Problem solved.