I know that NFCU looks at more than FICO score when deciding on approvals. Has anyone been approved with high utilization? My utilization is around 53%. My scores took a big hit as a result. EX 638 TU 644 EQ 643. (I know the most logical thing would be to pay down debt first). I just really don't have the extra cash right now, and was hoping to get a CC with a decent limit to help with utilization. So again, anyone approved for a card even though you have high utilization? Thank you in advance for your replies.
Like you said best thing to do is pay down your cc debt. While rebuilding imo is not a good idea to get new accounts simply to lower UTI. While rebuilding it's a good habit to just concentrate on lowering debt and not getting access to more debt. handle that first and see where you at I guarantee by lowering debt without adding more accounts is the way to go.
There's a thread on here where someone asked which nfcu card to apply for. It had several data points from posters. From what I remember the ones with moderate uti had lower SLs. If I find it I'll post the link
NFCU is a little odd and it looks like their internal scoring model is different than anything you'd find on any website. I believe if your income is good that uti should be fine.
Gardening as of: 23 JUL 2017 / FICO 8 (As of 14 Jul 2017): EQ: 663, TU: 723, EX: 680
