NFCU - Back in their Good Graces?

[Anonymous]

Hey All -

So I was a member back in 2010, had just about every product and unfortunately went thru a divorce in 2015 resulting in a Ch 13.   Although NFCU didn't incur a loss (they were paid back from the wage earner plan) I was apparently blacklisted.    My credit accounts were frozen and closed by creditor and I was reduced to simply a savings account.    Attempting to add a checking account would result in a message to the effect that since my other accounts were not managed correctly they could not open the checking account.   I ended up closing my membership entirely in 2017.

Fast forward to April 2020 - thought I'd call in an see if I could become a member again.   Was instantly approved for savings and checking and my old member ID was reassigned to me.   All seemed well until.... I attempted to apply for a CLOC and it said I was not eligble.  Attempted to apply for a CC - the application went thru but credit was never checked (Credit karma didn't alert me) and ended up with a near instant auto decline.    Upon calling for recon, I was transferred to their BK department where I was informed I had a charge off of $4.12 which resulted in them taking a loss and as such I was not eligble for any credit product.  They were surprised I was approved for checking and savings.   I ended up asking if I could simply pay the small balance and they said no, it was written off and they could not accept payment for such an old balance.    

I escalated via their social team and was informed that they cannot request I make a payment and I could voluntarily make the payment but there's no guarantees it would remove the remarks on my account.    I figured it was less than $5 so I'd roll the dice.   Payment was taken down, it posted 2 days later and on the 4th business day I received some offers.    

Figured I'd try for a CC product - this time I saw the TransUnion inquiry but declined.    I called and asked why and she said I needed to wait for a letter.   She suggested I try to a CLOC - was instant appoved but only for $500.   The rep then said I could attempt to refinance to take advantage of a special offer and "may" even be able to use the same pull.   Well the same pull didn't happen, but I was approved for their auto loan.. not the best rate 4.99% at 72 mo.    

So my question is... am I truly off the black list.. a little surprised at the low low CLOC and the denial of the CC but yet approved for an auto loan.   Seems strange to me.

TU score - 704, EQ: 688

Thanks for any and all comments.

[Brian_Earl_Spilner]

Navy is only approving CLOCs at $500 because too many people were using them like a credit card. It can go higher in time. The card application was probably too soon. Navy is pretty forgiving once you make them whole again, from what I've seen.

[M_Smart007]

Congratulations on getting back in with Navy!

[M_Smart007]

@Anonymous  ..And Welcome to the forums

[AllZero]

Congratulations on your success!

[Anonymous]

Congrats!

[Adkins]

I think you're back in Navy's good graces, but they need to some time to get to know you again. If you really want a CC, did you try for the secured version? It does eventually graduate, so could give you a faster way into another CC or you could just give them more time. 

[Anonymous]

Thanks to everyone for taking the time to provide their comments

Secondly, to answer the question about the secured card.. yes, I applied and it was declined too.   Puzzled on that one since it would have had $200 backing it from my savings share.    When calling, I was told "An internal scoring system has declined your request for a secured card" and that to expect a letter in the next 7-10 business days... hopefully it'll arrive in the mail today or early next week.

Strange that a checking, savings, CLOC and Auto Loan was approved but no unsecured CC or secured CC.

[M_Smart007]

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@Anonymous wrote:

Thanks to everyone for taking the time to provide their comments

Secondly, to answer the question about the secured card.. yes, I applied and it was declined too.   Puzzled on that one since it would have had $200 backing it from my savings share.    When calling, I was told "An internal scoring system has declined your request for a secured card" and that to expect a letter in the next 7-10 business days... hopefully it'll arrive in the mail today or early next week.

Strange that a checking, savings, CLOC and Auto Loan was approved but no unsecured CC or secured CC.

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They use EQ for loans and TU for credit cards, do you have anything negative on your TU report?

You might pull that bureau and check it with a fine tooth comb?

https://www.annualcreditreport.com/index.action

If my good friend  @AllZero,  would be so kind as to post some links to credit monitoring for TU

[AllZero]

@M_Smart007 . 👍

UNOFFICIAL LIST of credit cards and which score they provide

3 Bureau FICO 8 scores and reports for $1 at Experian or CreditCheckTotal (part of Experian). Cancel in 7 days or less to avoid the reoccurring charge.

Free credit reports (disregard the VantageScore 3.0 score) at:
creditkarma.com for weekly TU and EQ
wallethub.com for daily TU