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Question about NFCU Flagship reporting

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Valued Contributor

Re: Question about NFCU Flagship reporting



To be fair, Navy isn’t likely to include their own card statements in their utilization calculations but rather overall utilization vs payments. Obviously we don’t know this for sure but that would be the best way to get the most accurate picture for how a customer does with their credit accounts is to look at utilization vs payments instead of statement utilization. 

 

Navy seems to care about DTI more than anything else. Sky is the limit as long as your DTI supports it with them. Just look at me - they’ve extended me an insane amount of credit for my income but my DTI is insanely low as well and I’ve demonstrated my ability to make large purchases for my income and turn around and make just as large payments. 


Yes, DTI is apparently huge.  I correct and clarify what NFCU wrote on their approval sheet.  The exact verbiage on my approval sheet explaining my NFCU "score" reads:  "Payments on revolving accounts over last 12 months".    In my case, I had no other revolving accounts aside from my nRewards card aside from a new Discover.  I imagine as time goes by, the Discover card and the new AFCU card and the Flagship will be counted in that calculation.  I suppose the question is, do they mean how large were your payments or if it is referring to paying in full, or both.   Whatever is the case, they obviously found that my 597 TU FICO to be enough along with my 291 internal score.

 

The bottom line is that I am not expecting much in the way of any prime cards for a year or two but if I can keep my NFCU score rising, I should be in very nice shape when all derogs fall off my reports.


|

Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = High 300's - Low 400's
1-1-17 -
8-1-18 -
12-24-18 -
Current F08 -
Current 2,4,5 -
Current F09 -

Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k - All No PG || PG Accounts: AMEX Biz Gold NPSL | AMEX Biz Plat NPSL
Message 11 of 24
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Super Contributor

Re: Question about NFCU Flagship reporting


@spiritcraft1 wrote:


To be fair, Navy isn’t likely to include their own card statements in their utilization calculations but rather overall utilization vs payments. Obviously we don’t know this for sure but that would be the best way to get the most accurate picture for how a customer does with their credit accounts is to look at utilization vs payments instead of statement utilization. 

 

Navy seems to care about DTI more than anything else. Sky is the limit as long as your DTI supports it with them. Just look at me - they’ve extended me an insane amount of credit for my income but my DTI is insanely low as well and I’ve demonstrated my ability to make large purchases for my income and turn around and make just as large payments. 


Yes, DTI is apparently huge.  I correct and clarify what NFCU wrote on their approval sheet.  The exact verbiage on my approval sheet explaining my NFCU "score" reads:  "Payments on revolving accounts over last 12 months".    In my case, I had no other revolving accounts aside from my nRewards card aside from a new Discover.  I imagine as time goes by, the Discover card and the new AFCU card and the Flagship will be counted in that calculation.  I suppose the question is, do they mean how large were your payments or if it is referring to paying in full, or both.   Whatever is the case, they obviously found that my 597 TU FICO to be enough along with my 291 internal score.

 

The bottom line is that I am not expecting much in the way of any prime cards for a year or two but if I can keep my NFCU score rising, I should be in very nice shape when all derogs fall off my reports.


NFCU is a bit of a wild card honestly. I think as long as you show them you can pay what you borrow, they will continue to extend credit til you hit the limits for your income. Credit unions have a lot longer leash for their members than banks do because they’re non-profit and they don’t have Wall Street to answer to. 




Message 12 of 24
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Valued Contributor

Re: Question about NFCU Flagship reporting


@Saeren wrote:

@spiritcraft1 wrote:

@Saeren wrote:

@UpperNwGuy wrote:

Why all this rush to have your cards report?  They all report sooner or later.  How is your life improved if they report in the first month?


Because OP doesn’t want a balance to get reported when going for the SUB. 


Exactly.  Not that it would matter long term but still. When practicing the AZERO, actually just recently finally able to do so, the last thing I want is a 3k balance reporting.  Also, NFCU's internal score seems to look at the last few months UTI trend (according to their comments).  UTI rising will not result in a higher NFCU score I imagine. Smiley Happy  Right now, I care more about the NFCU internal score as Navy CLI's will be much more important than adding any non NFCU card within the next couple years.


To be fair, Navy isn’t likely to include their own card statements in their utilization calculations but rather overall utilization vs payments. Obviously we don’t know this for sure but that would be the best way to get the most accurate picture for how a customer does with their credit accounts is to look at utilization vs payments instead of statement utilization. 

 

Navy seems to care about DTI more than anything else. Sky is the limit as long as your DTI supports it with them. Just look at me - they’ve extended me an insane amount of credit for my income but my DTI is insanely low as well and I’ve demonstrated my ability to make large purchases for my income and turn around and make just as large payments. 


None of this makes sense to me.  What is the objective, and how does this behavior achieve the objective?

Daily Carry: PenFed Power Cash • NFCU Flagship • NFCU More Rewards • Chase Freedom Unlimited
Sock Drawer: PenFed Promise • NFCU cashRewards • Chase Freedom • Chase United MileagePlus • UNFCU Azure
Message 13 of 24
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Moderator

Re: Question about NFCU Flagship reporting

@UpperNwGuy, just because it doesn’t make sense to you, doesn’t make it any less valid to the op. 

He/She doesn’t want a balance to report for reasons stated. That’s it. Let him/her do his/her thing. 

Got some pruning to do... No more new cards!
Message 14 of 24
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Valued Contributor

Re: Question about NFCU Flagship reporting


@JAG73 wrote:

@UpperNwGuy, just because it doesn’t make sense to you, doesn’t make it any less valid to the op. 

He doesn’t want a balance to report for reasons stated. That’s it. Let him/her do his/her thing. 


What is the objective, and how does this behavior achieve the objective?

Daily Carry: PenFed Power Cash • NFCU Flagship • NFCU More Rewards • Chase Freedom Unlimited
Sock Drawer: PenFed Promise • NFCU cashRewards • Chase Freedom • Chase United MileagePlus • UNFCU Azure
Message 15 of 24
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Moderator

Re: Question about NFCU Flagship reporting


@UpperNwGuy wrote:

@JAG73 wrote:

@UpperNwGuy, just because it doesn’t make sense to you, doesn’t make it any less valid to the op. 

He doesn’t want a balance to report for reasons stated. That’s it. Let him/her do his/her thing. 


What is the objective, and how does this behavior achieve the objective?


He does not need to explain his *objective* every three posts. 

Message 16 of 24
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Moderator

Re: Question about NFCU Flagship reporting

Friendly reminder... we need to stick to the topic of the thread; this is not an interrogation.

 

--UB

 

 

Message 17 of 24
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Established Contributor

Re: Question about NFCU Flagship reporting

If you have a Navy checking account you can pay your charges before they even post and then they won’t report. I do it all the time.
Current Cards (in order they were approved with current limits):
Cap1 QS (plat.) $2750
Kohls $3K
Cap1 Savor $5K
PenFed Power Cash Rewards $2K
NFCU CashRewards $10K
NFCU MoreRewards $16.5K
Cap1 Venture $30K
PenFed Gold $2K
Ollo Rewards $3.2K
Sync Amazon $10K
NASA FCU Platinum Cash Rewards $3K
Disco It #2 $14.8K
DCU Visa $10K
NFCU Flagship Rewards $27.5K
Sync Care Credit $15K
PenFed Power Cash Rewards #2 $39K
WF Propel $5K
Comenity AKC $10.5K
Apple (GS) $6.5K
TD Cash Credit Card $6K
Rakuten Siggy Visa $6.5K
BBVA ClearPoints Visa $10K
Disco It #3 $8K
AOD Signature Visa $15K
PayPal MC $5K
PenFed Platinum Rewards Visa Siggy $7K

BK 7 discharged July 2016




Message 18 of 24
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Super Contributor

Re: Question about NFCU Flagship reporting


@Hex wrote:
If you have a Navy checking account you can pay your charges before they even post and then they won’t report. I do it all the time.

I guess you could actually set up a push payment towards the card from whatever financial institution when you make a purchase to make sure that the balance is covered before it even posts. 




Message 19 of 24
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Valued Contributor

Re: Question about NFCU Flagship reporting

Wow.  I never thought this would become an argument.  I don't have to explain myself, but I will anyway.

 

I have somewhat unique circumstances that require me, in my mind, to keep NFCU very happy with paying big monthly balances to zero every month. Over the next two years my FICO's are not going to rise very high but will skyrocket in say March of 2021 as ALL of my many derogs suddenly fall off.  Until then, I really don't see chasing more than perhaps one additional card but will let these new accounts age and cultivate my history with NFCU specifically.  I want that history to be spotless and to look, in their eyes, like the best customer they have ever had.   I have a plan and have been very patient and strategic about rebuilding...  repair starts in March as ALL derogs go past SOL.

 

Fact #2:  NFCU has been our Business bank since late 2015.

 

As to Despite paying off these balances as soon as they post, the possibility would remain that a large balance reported if NFCU did mid cycle reporting.  Timing and luck would come into the picture, but if NFCU doen't generally do a mid cycly report, then I am fine.  For such a generic question, I sure opened up a can of worms!


|

Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = High 300's - Low 400's
1-1-17 -
8-1-18 -
12-24-18 -
Current F08 -
Current 2,4,5 -
Current F09 -

Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k - All No PG || PG Accounts: AMEX Biz Gold NPSL | AMEX Biz Plat NPSL
Message 20 of 24
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