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NFCU Debt Consolidation Loan Approval Odds

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Valued Member

Re: NFCU Debt Consolidation Loan Approval Odds

I had good luck with a secured loan with nfcu to build some history. I just did a small $300 secured loan for 6 months and once it was paid off they approved me for a $12k unsecured loan. They still won't approve me for a credit card lol. I had similar scores to yours. Couldn't hurt
Message 21 of 25
Established Member

Re: NFCU Debt Consolidation Loan Approval Odds

That's a solid option but I think I'm just going to wait it out . I figure I'll build a relationship with the cash rewards card and try again in a few months . Thanks for the advice though .
Message 22 of 25
Established Member

Re: NFCU Debt Consolidation Loan Approval Odds

23 days till 91/3 . Hopefully I'll see some approvals then.
Message 23 of 25
Established Member

Re: NFCU Debt Consolidation Loan Approval Odds

UPDATED INFO ..
Discover it May 2018 $500 limit cli to $1000 ( $0 balance )
Capital one Quicksilver April 2018 $500 Cli to $750( zero balance )
Credit one May 2018 $400 Cli to $600 ( zero balance )
Gamestop CC July 2018 $300 Cli to $950 ( $500 Balance )
Capital One Quicksilver One Oct 2018 $1000 Cli to $1500 ( $0 balance )
Tropical Financial CU rewards Oct 2018 $500 ( $0 Balance )
Kohls card Nov 2018 $300 cli to $700 ( $0 Balance )
Target Red Card Dec 2018 $300 ( $140 Balance )
NFCU Rewards $700 April 2019 ( zero balance )
BBVA Clear points May 2019 $2000 ( $0 balance )**
I also have 3 loans
Avant $3500 down to $2500 Nov 2018 ( 35% very high interest rate I know lol )
Opurtun Loan $1300 Nov 2018 ( owe $440 )
Tropical Financial Kool Cash Loan Feb 2019 $1000 down to $750

New scores are as follows
EX8 681
TU8 652
EQ8 681
Seeing that this post is a " NFCU " subject my FICO 9 scores ar as follows ( all scores listed prior were FICO 8 )

EX9 694
EX9 677
TU9 645
Message 24 of 25
Highlighted
Established Member

Re: NFCU Debt Consolidation Loan Approval Odds

Quick update . I called NFCU to ask a few questions about my possible options ( just trying to get any info that would help ) . I was asked if I had considered a collateral based loan. I didn't consider it because the only thing I had to offer was my car . My car is a 1999 Mustang Gt . I didnt think the cars value would be enough to use as collateral. The CSR told me to check anyway that it wouldnt hurt ( the value of the car ) . Anyway we checked and I was able to use my car as collateral and NFCU approved me for a loan. I requested $7500 . They gave it to me at 13% interest . Way better then what I had by far . Moral of the story , call and ask questions . You never know what u can work out . Never hurts to ask questions . Now I'll wait for 91/3 and see what happens then . Looking for a bigger SL card with NFCU . Anyway hope this helps someone in the future !!
Message 25 of 25
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