NFCU LOC Increase Denied

[anca21bi]

So I have my LOC since January and decided to request my first increse. I currently have $4500 and always paid on time, just like all my other accounts, but I have a bunch of credit inquires and using over 50% on most of my credit cards since I just bought a house. When I applied I asked for the $15K like I heard to do so I can get the counter, but then I call in and they say "Income Inssufficient For Amount Of Credit Requested". I also get the corresponding letter... Is there any suggesstions on what I do at this point?

[NY2014]

Hi , Anca21bi

from what Im hearing your 50% Util on must cards, a bunch of inquires (5,10,13 ?) and you just bought House , How many accounts do you have wih Navy ? whats your fico score ? could be  a lot of factors  why they denial, your prob at your internal exposure with Navy, don't have much to give a suggestion. only pay down most your cards down  under 30%, or maybe apply for there CC. but No until you know your situation regarding, income , score , inquires, sorry I couldnt give better advice little detail to go on.

let us now the breakdown , Fico score, Utili, how many inquires,ext, 

Thanks 

[anca21bi]

My Tu score is 612, according the denial letter, my EQ if my lowest, not sure what the FICO score is now.  I only have my checking/savings and the LOC with NFCU. I had an offer to apply for their credit card and when I did, I was denied. I tried an auto loan, and was denied as well. I have probably close to 20 inquires which doesn't help. I have about 15 retail/credit cards, all that I pay on time most have a balance. 

The only reason NFCU gave for denial is "INCOME INSUFFICIENT FOR AMOUNT OF CREDIT REQUESTED" and I did not receive a counter offer. When I called in the, customer service rep seemed to say something like I should apply with a  lower amount with an appeal. I'm not sure I want to, I've been denied more by NFCU than approved.

[Scupra]

You can try sending a PM asking to be approved at a lower amount and see if that works, there won't be a HP. NFCU send that reason for denial when you have reached your internal limit for scores/income at the time. Get your scores up, aka utilization down, and then try again. Good luck!

[Anonymous]

I feel your pain. I am in the same boat as you. My scores are simular to yours and I can't get them to approve a loc or credit card for me. I was told to reapply with a lower limit. I don't think it will be approved though. They recently approved a secured credit card for me. I am debating whether I should take my relationship to another credit Union. I currently have direct deposit with them and everything. I will just keep my savings there.