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USA Fed VISA Approval

Established Contributor

USA Fed VISA Approval

Just got the good news and received an approval for 10K from USA Fed!


I asked for 20K but the loan officer counter-offered with 10K.


I'll certainly take 10K. Smiley Happy


Funny thing is, they said I didn't get 20K because of "escalating" debt. Huh? My utilization is 14% at the time of approval. Not sure what they mean by that?



Message 1 of 3
Valued Contributor

Re: USA Fed VISA Approval

Congrats. You wouldve probably got near that 20K if you waited for the NFCU merger and applied with NFCU directly.

Message 2 of 3
Senior Contributor

Re: USA Fed VISA Approval

The term 'Escalating debt' is similar to 'Pyramiding', IIRC.


Congrats on the approval.

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Message 3 of 3