NFCU - Membership...Now What?...Updated DP

[Anonymous]

NFCU – 6 months of history (11-22-2018 to 5-22-2018)

11/22/2017 – Approved for Membership 1 HP-EQ and Go Rewards cc $4200 sl…1 HP-TU

1/4/2018 – GoRewards credit score – EQ9 709 … TU9 720

2/2/2018 – Approved for CLOC $5000, asked for $15,000…HP-EQ

2/10/2018 – Received letter (after app for CLOC)  NFCU credit score is 681 (range 334-818)

                                Source:  Equifax Information Services

2/24/2018 - GoRewards CLI (93/3)(request $25000) – Approved $7000 (tl sl $11,200)…HP-EQ (F9-709)

3/4/2018 (AR was done on this date) – 2nd cc CashRewards instant approval $20,000…HP-TU9 - 726 (EQ Fico9 - 711)

5/7/2018 – Preapproval Auto Laon – Approved $10,000…HP EQ

5/7/2018 – CLOC cli – requested $15,000 – DENIED … Too soon, shy one week.  NO HP

                                                Also, the letter stated too many accounts opened in the last 12 months.

5/8/2018 – CX’d the preapproved Auto Loan – After speaking with rep. I can only use preapproved auto loans for dealership purchases only.  I am buying used vehicle from private party (my brother). Have not applied for the auto loan yet, when I am ready to start paying a car loan than I will apply, very soon.

Question: When can I again request CLOC cli? Now (91 days) or since denied, another 91 or 181 days from denial date?

[Anonymous]

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@Anonymous wrote:

NFCU – 6 months of history (11-22-2018 to 5-22-2018)

11/22/2017 – Approved for Membership 1 HP-EQ and Go Rewards cc $4200 sl…1 HP-TU

1/4/2018 – GoRewards credit score – EQ9 709 … TU9 720

2/2/2018 – Approved for CLOC $5000, asked for $15,000…HP-EQ

2/10/2018 – Received letter (after app for CLOC)  NFCU credit score is 681 (range 334-818)

                                Source:  Equifax Information Services

2/24/2018 - GoRewards CLI (93/3)(request $25000) – Approved $7000 (tl sl $11,200)…HP-EQ (F9-709)

3/4/2018 (AR was done on this date) – 2nd cc CashRewards instant approval $20,000…HP-TU9 - 726 (EQ Fico9 - 711)

5/7/2018 – Preapproval Auto Laon – Approved $10,000…HP EQ

5/7/2018 – CLOC cli – requested $15,000 – DENIED … Too soon, shy one week.  NO HP

                                                Also, the letter stated too many accounts opened in the last 12 months.

5/8/2018 – CX’d the preapproved Auto Loan – After speaking with rep. I can only use preapproved auto loans for dealership purchases only.  I am buying used vehicle from private party (my brother). Have not applied for the auto loan yet, when I am ready to start paying a car loan than I will apply, very soon.

Question: When can I again request CLOC cli? Now (91 days) or since denied, another 91 or 181 days from denial date?

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I believe it is 91 days from opening. But keep in mind they also stated you have too many inquiries (ironic since many of them are from NFCU itself!). Id wait for the inquiries to age to 6 months before trying again (HP's lessen in importance at 6 months for most creditors). But hopefully those with more knowledge regarding the CLOC will chime in for you. 

[Anonymous]

Yes, I agree, will wait 6 months but my confusion is 6 months from the date I was approved for the CLOC (2-2-18) or 6 months from the date I requsted cli which resulted in a cli denial (5-7-18).