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NFCU CLOC approval..

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New Contributor

NFCU CLOC approval..

Applied for CLOC requested $15000 and they countered $500 smh. Don't really need it but decided to take it for exposure. Did not get a HP on it, happy with that.

 

data points: 

693 EQ score w/ 14 Inquiries  during application 

https://imgur.com/a/6wiJIbl
Message 1 of 16
15 REPLIES 15
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Super Contributor

Re: NFCU CLOC approval..

Congratulations on your approval! It may be a delayed EQ HP.
Message 2 of 16
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New Contributor

Re: NFCU CLOC approval..


@AllZero wrote:
Congratulations on your approval! It may be a delayed EQ HP.

Probably, if I get a HP I will report back. It's only been 2 days

https://imgur.com/a/6wiJIbl
Message 3 of 16
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Super Contributor

Re: NFCU CLOC approval..

Congrats on your new CLOC


3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>08/2020 CCT EX 830 TU 848 EQ 844

I'd get it one piece at a time
And it wouldn't cost me a dime
You'll know it's me when I come through your town
I'm gonna ride around in style
I'm gonna drive everybody wild
'Cause I'll have the only one there is around.

- Johnny Cash One Piece At A Time
Message 4 of 16
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Established Contributor

Re: NFCU CLOC approval..

Congratulations on your approval!!







Message 5 of 16
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Mega Contributor

Re: NFCU CLOC approval..

Congratulations on your Approval..

Message 6 of 16
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Established Contributor

Re: NFCU CLOC approval..


@AllZero wrote:
Congratulations on your approval! It may be a delayed EQ HP.

If you've had a recent EQ hp for other services with them I've heard you can double dip.









Message 7 of 16
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Community Leader
Super Contributor

Re: NFCU CLOC approval..


@recoveringfrombk7 wrote:

@AllZero wrote:
Congratulations on your approval! It may be a delayed EQ HP.

If you've had a recent EQ hp for other services with them I've heard you can double dip.


That's what happened to me. Had an auto loan pre-approval earlier in the month so I didn't receive a HP for CLOC.

 

OP: everyone gets 500 now. Too many people were abusing it. It can still grow.







Message 8 of 16
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Established Contributor

Re: NFCU CLOC approval..


@Brian_Earl_Spilner wrote:

@recoveringfrombk7 wrote:

@AllZero wrote:
Congratulations on your approval! It may be a delayed EQ HP.

If you've had a recent EQ hp for other services with them I've heard you can double dip.


That's what happened to me. Had an auto loan pre-approval earlier in the month so I didn't receive a HP for CLOC.

 

OP: everyone gets 500 now. Too many people were abusing it. It can still grow.


I am not really up on CLOCs. I mean I know what they are...but

 

Let me ask this: Lets say I am 91/3 on a CC from NFCU. I app for a 2nd card and get approved. Since that resulted in an HP, I decide to go for a CLOC to back up my checking account. I assume they will use that HP for the CLOC? If I never use the CLOC, does it benefit me to have it FICO scoring wise? Am I charged any interest if I dont use it?






Potential Future Cards

Message 9 of 16
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Established Contributor

Re: NFCU CLOC approval..


@Wavester64 wrote:

@Brian_Earl_Spilner wrote:

@recoveringfrombk7 wrote:

@AllZero wrote:
Congratulations on your approval! It may be a delayed EQ HP.

If you've had a recent EQ hp for other services with them I've heard you can double dip.


That's what happened to me. Had an auto loan pre-approval earlier in the month so I didn't receive a HP for CLOC.

 

OP: everyone gets 500 now. Too many people were abusing it. It can still grow.


I am not really up on CLOCs. I mean I know what they are...but

 

Let me ask this: Lets say I am 91/3 on a CC from NFCU. I app for a 2nd card and get approved. Since that resulted in an HP, I decide to go for a CLOC to back up my checking account. I assume they will use that HP for the CLOC? If I never use the CLOC, does it benefit me to have it FICO scoring wise? Am I charged any interest if I dont use it?


@Wavester64  they pull TU9 for cards.  It would have to be a loan app for the double dip because CLOC is a loan product and they pull EQ9 for that.  No, no charge for no use.  Immediate interest if you do use it.  It is mainly overdraft protection and a semi-ish low interest personal loan for severe emergencies.









Message 10 of 16
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