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NFCU after IIB Chapter 13

Established Member

NFCU after IIB Chapter 13

So, my bankruptcy ended month before last, rebuilding, Cap 1, Kohl's and a few larger limit Comenity cards later I thought let me see if NFCU will approve me for a low limit card to start with since I was with them before and been a member since 2008.  Now, I did include them in my Ch 13, but they were paid back at 100%, a little over $33,000.  I apply and get a "do not meet lending criteria" decline.  OK, let me message them and see exactly why the decline.  The message I receive back says they have a loss due to me and the bankruptcy and until that's paid they can't extend credit.  


Am I missing something here?  There should be no loss on their part, they got all their money back...A LOT of money, in a much shorter time frame than a normal Ch 13.  


Does anyone know what NFCU may think they are owed?  I called but that dept only works M-F.

Message 1 of 3
Valued Contributor

Re: NFCU after IIB Chapter 13

When you File Bankruptcy a FLAG is placed on your internal bank record... this flag marks your account as such and prevents them from violating the automatic stay and you from obtaining credit.    They assume they WILL NOT be repaid 100%.   The only way to have this removed is to speak with that department.

AU on: 2008 Sears MC $2,001 | 2016 SEARS Store Card $2,001 | 2011 Synchrony Home $5,500 | 2003 FNBO Visa $9,900 | 2008 Macys Amex $1,900 | 2008 Kohls $2,000 | 2008 JC Penny $4,500 | 2016 TJX Mastercard $1,500 | 2019 SDFCU PowerCash Visa $10,000 | 2018 AAdvantage Aviator MC $5,600 | 2018 HSN $4,500 | 2016 Local Credit Union Visa $5,000.
Member of: Andrews FCU (Share) | PENFED CU (Checking/Share/Credit) | SDFCU (Share) | Alliant CU (Checking/Share) | NASA FCU (Share) | NWFCU (Checking/Share) | Ally Bank (Checking/Savings) | BofA (Checking/Share) | Navigant CU (Share) | Greenwood CU (Checking/Share) | Elements Financial CU (Share) | Ocean State CU (Share) | SDFCU (Share) | Wells Fargo (Checking) | RI Credit Union (Share) | US Financial FCU (Checking 2 Day Early Direct Deposit/Share) | CashApp | PayPal Premier (for free direct deposit access with cash card) | Paypal Business (Grandfathered 1.5% Cash Back on Biz Debit) | Apple Pay Cash | and Venmo.
WISH LIST: Hanscom FCU (For the 2 day early direct deposit).
IIB: DCU | NFCU | Comenity | Synchrony | Barclays | Discover | Amex | Webbank (Avant) | Santander | Citi (Shell) | DSNB (Macys) | TDRCS (Target+Nordstrom) | Capital One (Personal+Business, Kohls, and GM Personal) | CreditFirst(Firestone).
Message 2 of 3
Frequent Contributor

Re: NFCU after IIB Chapter 13

It can be done, you may have to wait some time but you can re-establish.

In the garden until Summer 2021
Message 3 of 3
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