Has anyone used NavCheck?

[Creditaddict]

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@kauaiboy2k13 wrote:

If I have 620 EQ with no negs and 2 tradelines, one being NavyFed secured card, you think I have a good chance at NavCheck approval?  Only $500 in checking account.

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How long have you had the secured card?

What is your other card and how long have you had it?

[kauaiboy2k13]

I had the secured NavyFed card since July of 2013.  The other card is Kinecta credit union and that was from Sept 2013.  Thanks for your response.

[Creditaddict]

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@kauaiboy2k13 wrote:

I had the secured NavyFed card since July of 2013.  The other card is Kinecta credit union and that was from Sept 2013.  Thanks for your response.

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I would actually apply for an unsecured credit card now... maybe cash rewards since you have nrewards or go rewards.

then depending how that goes, we can look at navcheck.

[kauaiboy2k13]

Wow, that's good to hear.  Before I apply for anything unsecured, I will pay down my secured card balances and make sure they report to Equifax with the lower ratio.  I will do that within a month and post what happens with my application.

[kauaiboy2k13]

I just got approved for auto loan through Navy Federal.  Is it too soon to apply for NavCheck too?

[Creditaddict]

Nope and credit card!

[ways2go]

payments are 2% of the balance, miminum of 20 dollars.  I need to put up a privacy fence  up and pay for it either by navcheck or cc,  they both have about the same interest rate. I haven't decided.

[Genkeim]

Interest starts as soon as you make the purchase with NavCheck. You usually get a 30day grace period on a credit card. If you're going to PIF it within a month I'd go CC and save on the interest. If not I'd look at from a util point of view since the APR is the same. 

[kauaiboy2k13]

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@Creditaddict wrote:

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@kauaiboy2k13 wrote:

I had the secured NavyFed card since July of 2013.  The other card is Kinecta credit union and that was from Sept 2013.  Thanks for your response.

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I would actually apply for an unsecured credit card now... maybe cash rewards since you have nrewards or go rewards.

then depending how that goes, we can look at navcheck.

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Btw, a week or 2 ago, NFCU made my secured card unsecured and doubled my limit from $500 to $1000 automatically.  I just applied for Navcheck a few minutes ago and got a 1 hour decision time.  Will post after they make the decision.

[Creditaddict]

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@kauaiboy2k13 wrote:

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@Creditaddict wrote:

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@kauaiboy2k13 wrote:

I had the secured NavyFed card since July of 2013.  The other card is Kinecta credit union and that was from Sept 2013.  Thanks for your response.

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I would actually apply for an unsecured credit card now... maybe cash rewards since you have nrewards or go rewards.

then depending how that goes, we can look at navcheck.

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Btw, a week or 2 ago, NFCU made my secured card unsecured and doubled my limit from $500 to $1000 automatically.  I just applied for Navcheck a few minutes ago and got a 1 hour decision time.  Will post after they make the decision.

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id request a CLI on your credit card now too... ask for $25k and probably get instant counter.