After trolling the forums for awhile and trying a few suggestions ( Barclays, Discover etc.), I've decided that to reach my credit goals I need NFCU in my back pocket. My husband's parents opened a savings account for him when he was a baby and he closed it when he was 18. I re-established his membership and opened one for myself yesterday.
My situation is this: I am 30 months post-Chapter 7 (he did not file) and I really want an NFCU card. I opened 4 cards in the past month trying to help re-establish, before I read all of the NFCU reviews. I only had one account pre-bankruptcy that ever reported last due (joint account with someone else) which I paid off as soon as I found out it was past due. It was a car loan and reported 60 days twice; it had a 2k balance when I paid it off. I haven't had any late pays since. He has some late pays 6+ years old that weren't too bad. A couple of 30 days and one late mortgage payment when the closing was pushed back. We are currently renting because we've had a couple interstate moves (not military) and we want to wait until we can get a decent APR to buy. I also have 18 inquiries on my TU from opening new accounts and requesting credit line increases- six of which are in August. He has 3 on TU and only one in the last year. My TU Fico after these last 2 accounts opened is 648 and last I checked for Eq is 627 exp 625. I haven't looked at eq and exp since my last 2 accounts opened. His TU fico is 653.
I'm afraid of apping and getting a lower limit than what I want. I thought about going to joint route, but he is self-employed and has been for less than a year so no tax returns. We do keep a log of everything, but he gets a lot of cash and I don't always deposit it-- sometimes I just go grocery shopping with it and gas, etc. I don't know if they will accept this or want to verify it. On 9/5 I will be transferring 5k over to them, but IDK if that bears any weight on the credit limit. I also just went from 2k Care Credit to 9k and got a 2k Barclays and 1k DiscoverIT. The 9k is not reporting. I have 2 Capone cards and am authorized on hubby's 2 cards. We each have a BestBuy MasterCard and I have Target, Justice, Victoria's secret, Wal-Mart, and Sam's. I may be forgetting one or two. Overall, utilization is 23%.
App or wait until transfer is completed and inquiries are a little older? Will they accept his income without tax returns?
Thanks a bunch!
