@sourpuss29 wrote:
@Janneman
Your internal score aside, the other reasons stated in the letter would have given you an idea as to why they only approved you for $1,000, which is sumthin' I was curious about.
As I mentioned in your other thread, I applied for the Platinum card back in Sept and was given the same ridiculously low limit; and even though I immediately requested that the account be closed, the card was still mailed to me. When I received it and looked over the letter, it stated that: (1) my IS was 267; and (2) the reasons for the decision were lack of direct deposit and secured loan.
* rollz eyez *
So, yeah...the way Navy does things is QUITE odd, indeed; and even though I'm happy I got in, I'm not about to jump through hoops in order for them to deem me as "worthy" of extending additional (decent) amounts of credit to.
I got exactly the same reasons that you got, which is why I am so lost because- they mentioned lack of DD and secured loan but I do have both of them for so long....then why they even stated that I am lacking them??????? And why my internal score is so low and did not change a bit in last 8 months even though I increased my activities on my NFCU accounts a lot except on credit card???? As I stated on my other thread that there is NOTHING extra or different I could do now in order to increase my internal score including giving more time because I have already taken all the odds by opening pretty much all the accounts with this union and I think 8 months are not a small time so to say that I should give them more time....
I mean, people might not paying attention over here that letter indicates that I am lacking direct deposit and secured loan, but I got both of them. And, I have these two not just recently, rather too long...My Fico score is 829...Very clean profile...don't know any money to any lender except $50 (Azeo method), being with NFCU for many years...Income is good....What am I missing over here??
I still have not received the card yet, but I have decided to keep it because I believe next time my limit might not be different...and this card go grow quick...in one and half year I might have their maximum exposure...Besides, I can not ask for any more credit limit increase from them because the limit of my other credit card with them already at maximum. How strange is this- one side they approved me for only $1000 by citing these reasoning, but on the other hand instantly approved me for CLI for $8k on my other card...Now I strongly believe that there is no any concrete datapoint on Navy because nobody knows how this union operates...One could get become CEO right out of high school without any experience as well, but on the other hand we are not even considered for the job despite of doing triple PHD...That's how I feel.
