305 score and got $20K ? NFCU Scoring model how compare with FICO scores ?

[leeuniverse]

Hummm....

I'm going to need to dig through my paperwork, I don't remember seeing a NF Internal Score like that.  Wonder what mine was.

Anyway, I was with NF for a about a year, make $37k, had only a Checking and Savings, savings had like $200, Checking anywhere between $2k-4k or less, in my 50's, had between 740-770 or so depending on CB, had like 7 other cards, most for only like a year, a couple of closed secured for like 2 years, and one for 5 years, started getting email's from NF asking me to apply for their card, never done anything else with them, was paying on a car, credit report clean, and newish cause had to restart things awhile back, bad marriage.

Anyway, after about a year and a half with them I decided to apply, they gave me a $20k card.
Not only that, traded in car for another, put down 4k using the NF card and they just automatically boosted my CL to $24k.

What they've said on YouTube, NF is likely the easiest company to get a card with.  I couldn't believe they gave that much with my background.

Up till then my highest card was Discover that I had got like a year and a half before, for $5,500, the others in various degrees lower.

Anyway, I've been closing low-limit cards, getting new ones and boosting limits as possible.

I now have the $24k, 8k, 5,500, 4,700, and 2,450.

The last is Capital One which I've had over 5 years now, I was in their crap bucket apparently having only a $950 CL, but after getting the NF they finally decided, oh let's finally boost his CL.... a bunch when I requested it online, when just 2 months before they actually denied me, as they often did.  LOL

[4sallypat]

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@leeuniverse wrote:

Hummm....

I'm going to need to dig through my paperwork, I don't remember seeing a NF Internal Score like that.  Wonder what mine was.

Anyway, I was with NF for a about a year, make $37k, had only a Checking and Savings, savings had like $200, Checking anywhere between $2k-4k or less, in my 50's, had between 740-770 or so depending on CB, had like 7 other cards, most for only like a year, a couple of closed secured for like 2 years, and one for 5 years, started getting email's from NF asking me to apply for their card, never done anything else with them, was paying on a car, credit report clean, and newish cause had to restart things awhile back, bad marriage.

Anyway, after about a year and a half with them I decided to apply, they gave me a $20k card.
Not only that, traded in car for another, put down 4k using the NF card and they just automatically boosted my CL to $24k.

What they've said on YouTube, NF is likely the easiest company to get a card with.  I couldn't believe they gave that much with my background.

Up till then my highest card was Discover that I had got like a year and a half before, for $5,500, the others in various degrees lower.

Anyway, I've been closing low-limit cards, getting new ones and boosting limits as possible.

I now have the $24k, 8k, 5,500, 4,700, and 2,450.

The last is Capital One which I've had over 5 years now, I was in their crap bucket apparently having only a $950 CL, but after getting the NF they finally decided, oh let's finally boost his CL.... a bunch when I requested it online, when just 2 months before they actually denied me, as they often did.  LOL

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Thanks - you are correct, NFCU seems to be very easy to work with  - mine is a few months old with a savings only account.

Funny OTOH, Discover and Capital One are the lowest CL of all my cards - over 10 years and can't seem to get in good with them.

[dunn2500]

it says scores range from 100-450

so a 350 would equal a high 600 from Fico am guessing

fico is 300-850 so 550 point spread

navy spread is only 350

a bit misleading as your fico isnt anywhere near equal to navy

they approved me for flagship @22k when I had high 600s back a few years

[Thomas_Thumb]

A straight ratio of scores would suggest a 350 internal score is equivalent to a 693 Fico 9 score. However, using this technique with non linear credit scoring model lacks validity.

(350-100)/(450-100) = (x-300)/(850-300)

[Horseshoez]

How does one even find their internal NFCU score?  Admittedly I haven't looked all that hard, but when I go on to their site, all I see is a Vantage score.

[800wannabe420]

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@Horseshoez wrote:

How does one even find their internal NFCU score?  Admittedly I haven't looked all that hard, but when I go on to their site, all I see is a Vantage score.

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Navy only computes your internal score when you apply for a credit product. 

They do not maintain an internal score that is periodically updated (monthly,quarterly, etc.).

The only instance when you will receive this score is upon approval/denial of a credit product. 

I'm uncertain if a score is generated for a CLI request of an existing card/CLOC. 

[Horseshoez]

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@800wannabe420 wrote:

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@Horseshoez wrote:

How does one even find their internal NFCU score?  Admittedly I haven't looked all that hard, but when I go on to their site, all I see is a Vantage score.

---

Navy only computes your internal score when you apply for a credit product. 

They do not maintain an internal score that is periodically updated (monthly,quarterly, etc.).

The only instance when you will receive this score is upon approval/denial of a credit product. 

I'm uncertain if a score is generated for a CLI request of an existing card/CLOC. 

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Interesting, they approved me for a More Rewards card back in May; I'll go back into my E-Mails to see if it is referenced on the approval message.  Thanks for the pointer.

Edit: Well, no joy, my approval E-Mail doesn't mention my internal score.

[keekers]

I didn't get an internal score when I got my cards either and I looked hard since I've never known what my internal score is with them. I'm planning on getting a new vehicle in the coming month and I'll likely use them for financing. I'm hopeful I can somehow find out what it is then.

[Anonymous]

304 score and I got $20K. I never thought about it too much until I saw your post.