Navy Federal Charge Off

[Anonymous]

Hello!  I recently paid off 2 Navy Federal Charge Offs.  One was a credit card and the other an unsecured loan.  The credit card was affecting my utilization (showing 99%).  I paid them in full instead of settling in the hopes to reestablish a relationship with them.  I have also paid all the collections on my account and many have been removed.  My goal is to purchase a house in a year.  Do you think I will see a good score increase and has anyone else reestablished w NFCU?  How long should I wait to apply for something with them?  TIA

[simplegirl]

I saw someone say you can they spoke to a navy federal rep that said if you pay back your debts you can come back to them. As far as score increases you need to give a little more information like your negatives still on your report, current accounts and balances with the limits.

[Anonymous]

Maybe start slow with a checking/savings account for a few months.  I hope it all works out for you.  Good job on getting your finances in order and doing the right thing.

[Brian_Earl_Spilner]

From what I've read, you have to go through a probationary period with them. Once you make it through, you should be good to go again.

[AllCredit]

Any estimate on how long the probationary period is?  I had something with them and I paid it off in full January 2018.  I've kind of just been waiting for the right time to submit an application...that would hopefully get it approved.