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NFCU Membership & Auto Loan Application, CLOC, Credit Card In what Recommended Order?

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Epic Contributor

Re: NFCU Membership & Auto Loan Application, CLOC, Credit Card In what Recommended Order?

I've never heard of navy not approving car loans based on new member
Message 11 of 18
Valued Contributor

Re: NFCU Membership & Auto Loan Application, CLOC, Credit Card In what Recommended Order?


@Creditaddict wrote:
I've never heard of navy not approving car loans based on new member

I read that on another Navy thread. 

 

Guyatthebeach

Message 12 of 18
Valued Member

Re: NFCU Membership & Auto Loan Application, CLOC, Credit Card In what Recommended Order?

I had not heard this.  Well, I will definitely find out.  I cannot imagine they would want me to take my business elsewhere simply because of how long I was a member. I will update the post to let everyone know of my results.

FICO 8/5/16 : EQ 691 I TU 709 I EX 685
NFCU CASH REWARDS $15.9k | Sam's Club MasterCard $8K| Discover IT $5.5K| Marvel MasterCard $6K | Cap One MC $6.5K l Cap One Venture $8.5K I PayPal MC $4K I Fingerhut $2.75K I Lowes $ 6.5K I Wal-Mart $5K


Goal: 720 on all 3 by 12/31/2016

GARDENING until 08/31/2017
Message 13 of 18
Senior Contributor

Re: NFCU Membership & Auto Loan Application, CLOC, Credit Card In what Recommended Order?

I don't know for sure if it's always the case but my fiancé applied for us a car loan when we joined and it was denied and the main reason being not enough tenure with them.
Message 14 of 18
Established Contributor

Re: NFCU Membership & Auto Loan Application, CLOC, Credit Card In what Recommended Order?

With you being the Spouse of a Veteran, I know that you will have with you all of the necessary documention to provide them. The simple mentioning of the LES is a clue.


Have all YOUR current Photo ID & address verification with you. Any proof of income outside of the LES as well could be helpful.


I showed up Ship-Shape, and they were falling all over themselves to approve me for both membership & credit as fast as possible.


You will NOT have a problem. This is a routine walk in the park for you. NOT a problem!

05/03/16 Fico 8 Scores: EQ 546, TU 501, EX 548
09/01/16 Fico 8 Scores: EQ 662, TU 628, EX 657
10/04/16 Fico 8 Scores: EQ 692, TU 665, EX 686
01/15/17 Fico 8 Scores: EQ 706, TU 670, EX 687 * all Yellow / Good
Message 15 of 18
Contributor

Re: NFCU Membership & Auto Loan Application, CLOC, Credit Card In what Recommended Order?

If you apply for CLOC ask for the FULL 15k and they can either counter you or approve it... Worth the Shot!! I applied with a 675 TU and EQ and was approved for full 15k CLOC and 10.1k Cash Rewards Visa.


@arn0822 wrote:

I am about ready to join NFCU.  I am a spouse of a retired veteran, so I meet the eligibility requirments to join.  I plan to join in person on Friday.  After opening my account how long do I have to wait to apply for an Auto Loan?  This is the most pressing matter.  I also plan to apply for the CLOC and a credit card but I do not know which order to request these products. 

 

I close on my house Friday so I have several inquiries from this process.  I want to pursue these prcoducts in tbe best recommended order knowing they will be pulling my credit report several times.  Any help is appreciated.  Thanks in advance.


 

NFCU NavCheck- $15,000 // PenFed Plat Rewards Visa Signature- $11K // NFCU Cash Rewards- $10,100 // Chase Ritz Carlton Visa Infinite- $10k // Chase Freedom Unlimited- $7.2k // SYNB- Lowes $7K // USAA Preferred Cash Rewards Visa Signature- $7k // PenFed Personal Line- $5k // BOA Cash Rewards- $2.5k // PenFed Promise- $2k // BBVA Compass AMEX- $2k // Macys Store Card- $1.9k // Chase United Explorer Visa Signature- $1.2k // American Express Green- NPSL // American Express Delta Gold- $1k // Chase Amazon Visa Signature- $500 // PenFed Thrifty LOC- $500
Message 16 of 18
Valued Member

Re: NFCU Membership & Auto Loan Application, CLOC, Credit Card In what Recommended Order?

Thanks.

FICO 8/5/16 : EQ 691 I TU 709 I EX 685
NFCU CASH REWARDS $15.9k | Sam's Club MasterCard $8K| Discover IT $5.5K| Marvel MasterCard $6K | Cap One MC $6.5K l Cap One Venture $8.5K I PayPal MC $4K I Fingerhut $2.75K I Lowes $ 6.5K I Wal-Mart $5K


Goal: 720 on all 3 by 12/31/2016

GARDENING until 08/31/2017
Message 17 of 18
Valued Member

Re: NFCU Membership & Auto Loan Application, CLOC, Credit Card In what Recommended Order?

Thanks, Sebastian503.  Yes, I generally do not have any problem providing documentation.  I am usually over prepared.

FICO 8/5/16 : EQ 691 I TU 709 I EX 685
NFCU CASH REWARDS $15.9k | Sam's Club MasterCard $8K| Discover IT $5.5K| Marvel MasterCard $6K | Cap One MC $6.5K l Cap One Venture $8.5K I PayPal MC $4K I Fingerhut $2.75K I Lowes $ 6.5K I Wal-Mart $5K


Goal: 720 on all 3 by 12/31/2016

GARDENING until 08/31/2017
Message 18 of 18
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