Hello All,
Another lurker here, enjoying all of the wonderful advice this forum has to offer. I was hoping some of you who have experience with Navy could advise me of the best steps to continue building my relationship with them.
I filed BK in Feb. 2010, discharged May 2010. I was leery of credit for a long time, and I only recently decided to get back in the game. Having never banked with Navy before, I opened a checking and savings with them on 8/25/18, and when I spoke with a welcome rep a few days later and discussed my desire to rebuild she thought I should apply for their platinum card. I did that and was approved with a $500 limit on 8/30/18, and have been using it responsibly.
Riding high from that card approval, I thought they might approve me for an auto loan since it would be secured by the car, but, unfortunately, I was wrong. The rep did offer, however, that I might like to try for their SSL. I applied and was approved, but had not yet read about the technique discussed here yet. I made the first couple of payments early, then after learning of the technique I have been trying to get it paid down, currently with a balance of 1053 on an initial loan of 4,100. Approval was on 9/22/18.
What I'd like is to get recommendations on how I should implement the next steps for requesting a CLOC, CLI on the plat, and a 2nd card in order to maximize limits at initial request. I am most interested in the CLOC, and, of course, would really like to get the 15K.
I also received a preapproved 0 BT offer from Discover about 2 weeks ago. I'm wondering what kind of limit they might offer on that as well, but I was surprised to see they are only offering 0 for six months, since I've been seeing a much longer term offered by them elsewhere. I wondered if I would do better to wait on Discover until I have built up the Navy a bit.
When I began with Navy I had no FICO available. Discover provided FICO (TU8?) was 645 on 11/6 and then 668 on 12/6. Navy provided FICO 9 (EQ) was 653 on 11/5 and then 720 on 12/5.
Any thoughts or advice you all could offer would be greatly appreciated. Thank you all in advance!
