If those are your FAKO's, your real scores may be a smidge higher and could potentially get you an approval. You can try CCT, Credit Check Total for $1 and that would give you a better idea.
wrote:I am a new member of NFCU and would like to app for a CC with them. The board says they are very forgiving of rebuilds and new credit BUT I have no FICO score. Do you guys think they will approve me, or should I wait?
Datapoints:
FAKOs: 644 TU / 637 EQ / 650 EX
AAoA: 2 months
Util %: 26% (Credit1 hasn't posted yet)
INQ: 3 TU/ 3 EQ / 6 EX
Baddies: 0
CC Limits: Express $250 / Cap1 $400 / Credit1 $300
Any help would be greatly appreciated. Thanks.
@Fr3sh welcome to the myFico community, we are so glad you joined us! Congrats on the new membership at NFCU as well!
Navy has a variety of credit card products for a bunch of different stages and most of us will agree that it doesn't matter what product they approve you for or what that starting limit may be, once you're in...your're in. That having been said, they will base a decision on scores, income and DTI (debt to income). IMHO, I wouldn't be concerned about the average age of accounts, utilization or inquiries as those don't play into the decision as much at NFCU as they may elsewhere.
If you decide to give it a go, IMHO I would suggest the CashRewards or GoRewards cards. If you are interested in getting some current info on Navy, here's a link to our very active thread which is huge, but even if you go back through a few dozen of the current pages, you'll get a feel for what's happening on an almost daily basis. It's a great place to post questions too as there is usually a very quick answer there. Be sure to subscribe to that thread if you find it interesting, and you'll get email alerts when there are new posts.
Please update us here or on the thread above and let us know what you decide to do and the outcome. Congrats on getting your current cards in place and you are certainly on your way to a great credit profile! My fingers are crossed for your success with your first Navy card!!
P.S. To answer your question lol, I think your chances are good!
They don’t do a HP to join, anymore. I was nervous to join since my scores had dropped from mid-600s because of a few balances but I was still able to join and get a card. I think you might be fine!
wrote:
wrote:I am a new member of NFCU and would like to app for a CC with them. The board says they are very forgiving of rebuilds and new credit BUT I have no FICO score. Do you guys think they will approve me, or should I wait?
Datapoints:
FAKOs: 644 TU / 637 EQ / 650 EX
AAoA: 2 months
Util %: 26% (Credit1 hasn't posted yet)
INQ: 3 TU/ 3 EQ / 6 EX
Baddies: 0
CC Limits: Express $250 / Cap1 $400 / Credit1 $300
Any help would be greatly appreciated. Thanks.
@Fr3sh welcome to the myFico community, we are so glad you joined us! Congrats on the new membership at NFCU as well!
Navy has a variety of credit card products for a bunch of different stages and most of us will agree that it doesn't matter what product they approve you for or what that starting limit may be, once you're in...your're in. That having been said, they will base a decision on scores, income and DTI (debt to income). IMHO, I wouldn't be concerned about the average age of accounts, utilization or inquiries as those don't play into the decision as much at NFCU as they may elsewhere.
If you decide to give it a go, IMHO I would suggest the CashRewards or GoRewards cards. If you are interested in getting some current info on Navy, here's a link to our very active thread which is huge, but even if you go back through a few dozen of the current pages, you'll get a feel for what's happening on an almost daily basis. It's a great place to post questions too as there is usually a very quick answer there. Be sure to subscribe to that thread if you find it interesting, and you'll get email alerts when there are new posts.
Please update us here or on the thread above and let us know what you decide to do and the outcome. Congrats on getting your current cards in place and you are certainly on your way to a great credit profile! My fingers are crossed for your success with your first Navy card!!
P.S. To answer your question lol, I think your chances are good!
Thanks for the info, I am feeling great about my decision to join this forum.