Anyone with a bk be aware before u apply to nfcu

[kugel]

my wife to become a member at nfcu with san diego her bk discharged 7 months ago her fico tu is 721 she applied for the cc 3 days ago and it was declined and they pulled 3 pulls on tu that's insane Plus one on equifax for the cloc that also got declined
She sent a secure message for a reconsideration
This is the reply she got

Thank you for your message. We have conducted a second review of your application. However, after careful consideration, we have determined that we must stand behind our original decision. Your application was declined due to your recently discharged bankruptcy. We are unable to extend any unsecured credit at this time. Although we cannot currently establish an unsecured credit card in your name, you may be eligible to participate in our nRewards Secured credit card program. Under this program, you may be issued a credit card that is secured by funds in your savings account. These funds will continue to earn dividends while on hold. The minimum credit limit for our nRewards Secured card is $500.00. Please note that the $5.00 hold that applies to your Membership Savings Account cannot be applied to your secured credit card hold. If you are interested in obtaining a secured credit card or would like additional information, please contact us at 1-888-842-6328. We ask that you please do not reply to this application message. If you have further inquiries, you may send an online message using your Navy Federal Online Account Access service. On the Other Services tab, click on E-Message to Navy Federal under the Contact Us option.

Unreal

[Anonymous]

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@kugel wrote:
my wife to become a member at nfcu with san diego her bk discharged 7 months ago her fico tu is 721 she applied for the cc 3 days ago and it was declined and they pulled 3 pulls on tu that's insane Plus one on equifax for the cloc that also got declined
She sent a secure message for a reconsideration
This is the reply she got

Thank you for your message. We have conducted a second review of your application. However, after careful consideration, we have determined that we must stand behind our original decision. Your application was declined due to your recently discharged bankruptcy. We are unable to extend any unsecured credit at this time. Although we cannot currently establish an unsecured credit card in your name, you may be eligible to participate in our nRewards Secured credit card program. Under this program, you may be issued a credit card that is secured by funds in your savings account. These funds will continue to earn dividends while on hold. The minimum credit limit for our nRewards Secured card is $500.00. Please note that the $5.00 hold that applies to your Membership Savings Account cannot be applied to your secured credit card hold. If you are interested in obtaining a secured credit card or would like additional information, please contact us at 1-888-842-6328. We ask that you please do not reply to this application message. If you have further inquiries, you may send an online message using your Navy Federal Online Account Access service. On the Other Services tab, click on E-Message to Navy Federal under the Contact Us option.

Unreal

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Well, to be fair 7 months post BK is probably not enough time to make you tolerable risk for NFCU. Also, what type of BK are we talking? CH. 7 or CH. 13? This likely could have affected their decision as well. Getting back into the credit game is going to take a little more time than that. Either way, I wish you luck!

[pizza1]

Its a known fact that NFCU HP's every little thing...this is no surprise at all. Membership, CLOC, CC, and recon will all result in their very own HP.

Again, not surprised at all reading this.

Sorry for your wife's decline, but I personally would take the secured route, as it will build history with them. You won't change their minds on this. If they offered secured, thats all they will offer right now, and Id take it.

There are a lot of people post BK very successful with them. I got my my 1st cc with them 2 months post BK7 on recon with a 600 fico. They either like your profile or they don't.

But, I also got into Navy the legitimate way, and not thru the back door, so that may have played a small part.

[kugel]

It was chapter 7 plus she has 4 cards today totaling 12k
I was discharged 12 months ago and applied in may and was approved for $500 cc witch is today at 15k
And was instantly approved for the cloc 15k with the bk
So it's very strange how they handle it

[Anonymous]

Sounds about right. I was 16 months post discharge. Got Checking, Savings, approved for cashRewards, declined for CLOC. 4 PULLS! I'm happy I got the accounts though. CLOC was just gravy. I'll probably use them for a mortgage this summer.

I'd go for the Secured nRewards card if you have $500 available. It will be fipped to unsecured before you know it.

[Anonymous]

I have a DISMISSED BK (yes voluntary, but still) and they are my highest credit limit. Very grateful to NavyFed and Penfed. 

[creditguy]

Three TU pulls sounds perfectly logical, I assume one for membership, one for the CC and one for the recon. Navy is very YMMV with approvals and there is no real cookie cutter pattern for approvals. I often think people read crazy Navy approvals and build their hopes up too high only to curse Navy when they are declined. Have her try again later on down the road, I wasn't approved my first try, I didn't get upset I just tried again in a few months and the floodgates of approval opened up. Navy is great, don't give up the ship.

[kugel]

She had the 3 TU pulls and one equifax before the recon

[Anonymous]

Yeah i did the same almost denied for everything which is ok as i recently opened a ton of store cards so that makes since, I have an appointment today for a walk through of the bank products and hope to discuss bettering my credit with them.

[kugel]

If I add my wife as AU on my nfcu witch is 15k will this speed up for her to be approved down the road for a card with them ?