NFCU Getting Jumpy?

[smallfry]

I notice that Navy has softed my EQ on April 1 then again on May 27. Normally they soft every quarter. Been a member since 5/2007. One paid car loan 60 month in 17 months. Car loan 9/2008 paid 60% of that off. One credit card 25K never used more than 5% of limit in any one month. Always PIF. What could they be concerned about?

[Lyythine]

Dont feel bad... in the two months since ive been a member, they have softed me 3x...  I mean granted, I did open an account there and then immediately gain over 55k in credit with them (Auto refi, 2 credit cards, and a LOC).  So, for them I understand their reasoning... However, if you ever want to feel special, join PenFed and have a credit card with them.... I think their CSR's just get bored and soft me for fun, or so it seems that way.  In the past year, they have softed me 11 out of 12 months.  You think they would get the hint by now that im not in any sort of credit trouble, but ya know - who knows these days..........

[smallfry]

Have the same limit with Penfed. They soft quarterly. 

[Anonymous]

I get soft inqs by many of my ccc's on a regular basis.  In fact, some feel like they get a soft each time they report.

[Anonymous]

Navy Federal generally softs once every 2-3 months for members, but only for those with lending products...usually 2 months, though they wait 3 months every once in awhile. The additional soft may be from a pre-qualification or pre-approval campaign. You'd think that rather than repulling your score in May, they'd use the score they pulled in April, but for some reason they're kept in different places so there's a certain amount of redundancy.

[smallfry]

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@Anonymous wrote:

Navy Federal generally softs once every 2-3 months for members, but only for those with lending products...usually 2 months, though they wait 3 months every once in awhile. The additional soft may be from a pre-qualification or pre-approval campaign. You'd think that rather than repulling your score in May, they'd use the score they pulled in April, but for some reason they're kept in different places so there's a certain amount of redundancy.

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Jay I've been a member since May 2007. NFCU along with Penfed has religiously softed EQ only every quarter never more than that. Since I became a member I have had a car loan actually two and credit cards. Thought the extra pull was out of the ordinary. Since I voluntarily decreased my nRewards cards from 40-25K I have no idea what they want to offer me. 

[Anonymous]

I've been a member for 20 years and have multiple credit products with them. In the last couple of years that I have actually looked at my soft pulls, NFCU pulled a soft once which was for a CC cli. In retrospect, knowing a creditor has pulled a soft on my report has never helped me in any way. It's been a waste of time just looking at that portion of my report.

[Anonymous]

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@smallfry wrote:

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@Anonymous wrote:

Navy Federal generally softs once every 2-3 months for members, but only for those with lending products...usually 2 months, though they wait 3 months every once in awhile. The additional soft may be from a pre-qualification or pre-approval campaign. You'd think that rather than repulling your score in May, they'd use the score they pulled in April, but for some reason they're kept in different places so there's a certain amount of redundancy.

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Jay I've been a member since May 2007. NFCU along with Penfed has religiously softed EQ only every quarter never more than that. Since I became a member I have had a car loan actually two and credit cards. Thought the extra pull was out of the ordinary. Since I voluntarily decreased my nRewards cards from 40-25K I have no idea what they want to offer me. 

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small - just curious why you asked to have the CL reduced?

[smallfry]

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@Anonymous wrote:

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@smallfry wrote:

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@Anonymous wrote:

Navy Federal generally softs once every 2-3 months for members, but only for those with lending products...usually 2 months, though they wait 3 months every once in awhile. The additional soft may be from a pre-qualification or pre-approval campaign. You'd think that rather than repulling your score in May, they'd use the score they pulled in April, but for some reason they're kept in different places so there's a certain amount of redundancy.

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Jay I've been a member since May 2007. NFCU along with Penfed has religiously softed EQ only every quarter never more than that. Since I became a member I have had a car loan actually two and credit cards. Thought the extra pull was out of the ordinary. Since I voluntarily decreased my nRewards cards from 40-25K I have no idea what they want to offer me. 

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small - just curious why you asked to have the CL reduced?

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TU wasn't picking up the card when it was used. I only got a 40K limit on the card because I combined a MC and the N card. Both were originally 20K. What do I need with a 40K limit on a card that doesn't see over 1K per month? 

[Anonymous]

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@smallfry wrote:

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@Anonymous wrote:

Navy Federal generally softs once every 2-3 months for members, but only for those with lending products...usually 2 months, though they wait 3 months every once in awhile. The additional soft may be from a pre-qualification or pre-approval campaign. You'd think that rather than repulling your score in May, they'd use the score they pulled in April, but for some reason they're kept in different places so there's a certain amount of redundancy.

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Jay I've been a member since May 2007. NFCU along with Penfed has religiously softed EQ only every quarter never more than that. Since I became a member I have had a car loan actually two and credit cards. Thought the extra pull was out of the ordinary. Since I voluntarily decreased my nRewards cards from 40-25K I have no idea what they want to offer me. 

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Hmm, maybe the frequency varies based on several different factors (like the type of product you have with them), or maybe they've changed the frequency with which they do regular pulls as a result of the economy? I'm just speaking from my personal experience though (I'm a member since late '08), which is most likely different from yours. As far as the offers go...the prequal/preapp process is automated, and I doubt the methodology is smart enough to see that you had a voluntary CLD and not prequal/preapp you as a result of it. Only solution for that would be to opt out.