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Approved NFCU SSL - with detailed steps (May 2020)

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Valued Member

Re: Approved NFCU SSL - with detailed steps (May 2020)

It does show the starting amount correctly  on two of the three bureaus. 

 

I did not see a jump because this was done to have one in place for a few years when an unsecured personal loan and my car both come off in November...right vefore I wanted to apply for a Flagship.



Message 21 of 35
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Super Contributor

Re: Approved NFCU SSL - with detailed steps (May 2020)

You might want to have them correct that on the one bureau then. Sorry you’re having to go through that.
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.

RIP:







Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 22 of 35
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Valued Member

Re: Approved NFCU SSL - with detailed steps (May 2020)

Thank you @Birdman7 

im going to give them another reporting cycle as I'm only gardening now. Also I appreciate the work you put into updating f and maintaining the Understanding FICO Scoring thread. Very informative and highly recommended.



Message 23 of 35
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New Contributor

Re: Approved NFCU SSL - with detailed steps (May 2020)


@bustout wrote:

Thank you @Birdman7 

im going to give them another reporting cycle as I'm only gardening now. Also I appreciate the work you put into updating f and maintaining the Understanding FICO Scoring thread. Very informative and highly recommended.


Whatever happened here? Did you get it fixed and also see a score increase?








825
Message 24 of 35
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Valued Member

Re: Approved NFCU SSL - with detailed steps (May 2020)

Yes, I called Navy and told them it looks like it reported wrong because I had paid it the same day. Seems I caught it just at the right (or wrong) time and it showed the remaining balance as the loan amount. It was corrected and I saw a three point bump which I did not expect as I have a Self loan prior to I read about the NFCU one. 

 

I am going to take a hit this month because although I carry no blalnces except the 0% transfer on the Platinum, but this month I did not pay them to zero before the charges post. Wondering how much of a hit it will be with no other changes.



Message 25 of 35
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New Contributor

Re: Approved NFCU SSL - with detailed steps (May 2020)

Thanks for letting us know. Glad it worked out for you.







825
Message 26 of 35
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Super Contributor

Re: Approved NFCU SSL - with detailed steps (May 2020)


@bustout wrote:

Thank you @Birdman7 

im going to give them another reporting cycle as I'm only gardening now. Also I appreciate the work you put into updating and maintaining the Understanding FICO Scoring thread. Very informative and highly recommended.


@bustout you're very welcome and I'm glad you got it corrected. As for the effect on your score, that would depend on how many cards you have, how many report a balance, the utilization levels, the scorecard, there's a lot that goes into it.

 

And thank you for the kind words!

 

No need to worry it will correct itself next month when you go back to your regular routine

For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.

RIP:







Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 27 of 35
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Established Member

Re: Approved NFCU SSL - with detailed steps (May 2020)

great post OP!! i'm about to do a similar loan with SSFCU, wouldn't have even thought about this stuff. birdman already pointed me in the right direction last night. thanks for that!

scores 7/27/2020 between 650-680
cap1 quicksilver $1k discover $1.1k CSP $7.9k
Message 28 of 35
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Super Contributor

Re: Approved NFCU SSL - with detailed steps (May 2020)

@periferel My pleasure. So Alliant didn’t work out?

For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.

RIP:







Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 29 of 35
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Established Member

Re: Approved NFCU SSL - with detailed steps (May 2020)

i just went straight to SSFCU since i am in colorado. the CSR asked me if i go to a catholic church, lol. i was actually raised catholic and did attend the local church here for xmas...i guess that counts. just deposited $100 to open up the savings account and will deposit w/e amount i need for a 2-3 year loan next week. seems like everything should go smoothly, wish i did this a while ago!

 

i actually started a thread, hopefully someone who has done a personal loan with SSCFU reads it and posts something about their experience, but the csr sounded like he knew what he was talking about. apparently they release money to savings accounts on monday, wednesday and friday. so whenever i pay it back my money will be returned promptly.

 

between this bump and my last two baddies getting deleted this winter i think i'll be in good shape. just got a few thousand dollars to pay my cc and i think i should be ready for a good mortgage rate. who knows maybe this CU will be my lender.

scores 7/27/2020 between 650-680
cap1 quicksilver $1k discover $1.1k CSP $7.9k
Message 30 of 35
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