So I requested a CLI from Navy Fed and they upped one card but not the other and the letter they sent says that I have reached the maximum exposure at 18k and 17.5k on my cards. Is Navy Fed tightening the belt or because I have kept a high balance on both cards for so long they don't want to give me more?
For clarification on high balance....I have had 17k on each card since they upped me to 17.5k
Carrying existing balances of $17k on each card? So you owe $34k to NFCU?
@NRB525 wrote:Carrying existing balances of $17k on each card? So you owe $34k to NFCU?
well down to 32k now but yes at one point...I did.
@Anonymous wrote:i would think your utilization with them being over 90% is a fair reason as to why you have reached maximum exposure... navy may be tightening their belt considering the current economic climate, but your uti is definitely more of a no brainer as to the reason imho.
Yeah, I figured with the current economic times and with my utilization at the 90%+ mark for over a 2 year period probably didn't help my case and thankfully I am in a much better position now than I was even a year ago. I am slowly paying down balances that I had only been paying barely the minimum on and in time, paying them down below 30%.
@coldfusion wrote:
@Anonymous wrote:
@1GaDawg85 wrote:
@Anonymous wrote:i would think your utilization with them being over 90% is a fair reason as to why you have reached maximum exposure... navy may be tightening their belt considering the current economic climate, but your uti is definitely more of a no brainer as to the reason imho.
Yeah, I figured with the current economic times and with my utilization at the 90%+ mark for over a 2 year period probably didn't help my case and thankfully I am in a much better position now than I was even a year ago. I am slowly paying down balances that I had only been paying barely the minimum on and in time, paying them down below 30%.
Util doesn't seem to be the issue with this message....
My utilization is 5% and I received this same message when they upped me from 15k to 17.5k.
This seems to be their max exposure based on your income, scores, credit profiles, internal score, etc.
It is, but also note that the max exposure level can grow over time.
I am sure it will grow as I get my UTIL back under control with them and should see more growth as my financial situation improves. I would be curious others have received this type of response from them before.
Might be data point worth mentioning to others as they work to grow their relationship with NFCU.
I have received this data point many times. If I recall I got it at $20k, $30k, $50k, and again at $70k. Income during that time stayed relatively the same but handling credit was better and I began getting higher limits elsewhere. AS indicated, your at the max they are willing to extend based on your credit profile and experience with the. As your internal scores go up, your limit will go up a well. Do note that CLI requests over $25k has always been a HP, and is a trend I noticed with others.
