Jump to content

RogerK08

Where to go from here

Recommended Posts

I've NEVER had a personal appointment with an officer after an online application, even with the small local bank with whom I do my primary banking business.  If I want a personal appointment or more immediate action, I go INTO the branch.  Ditto on what used to be the Exxon credit union back in the 80's before they re-branded and expanded their membership base (I ditched them when they changed their mission and grew larger than I prefer in an lending institution). 

 

It is simply not reasonable to expect immediate results in a holiday window of time.  I'd be wary of pushing them too hard or it becomes easier for them to just deny and be done with the app...give the people burning vacation hours at the end of the year time to do their job. 

Share this post


Link to post
Share on other sites

Dare I ask which CU?  And my dad was not a member of NFCU at the time, but I was eligible due to his service.  They randomly select some to provide a DD214 of the relative (I was not selected, but I have a copy of his if I ever get called to provide it).  I saw the prior posts from way back saying otherwise, but at least as of the last year, that has not been the case in my personal experience.  Not sure if that's a YMMV thing, but they told me it wasn't the case, and the site shows familial eligibility too:  https://www.navyfederal.org/membership/become-a-member/eligibility.php

 

NFCU or PenFed might be better suited for the goal that you're trying to accomplish in this case.  I think the NFCU Platinum has a no-BT fee 0% offer for 18 months.  And with them tending towards generous limits, might be the path I'd recommend.

Share this post


Link to post
Share on other sites

Congrats Roger on your journey and making great progress!

11 hours ago, Zanshiro said:

Dare I ask which CU?  And my dad was not a member of NFCU at the time, but I was eligible due to his service.  They randomly select some to provide a DD214 of the relative (I was not selected, but I have a copy of his if I ever get called to provide it).  I saw the prior posts from way back saying otherwise, but at least as of the last year, that has not been the case in my personal experience.  Not sure if that's a YMMV thing, but they told me it wasn't the case, and the site shows familial eligibility too:  https://www.navyfederal.org/membership/become-a-member/eligibility.php

 

NFCU or PenFed might be better suited for the goal that you're trying to accomplish in this case.  I think the NFCU Platinum has a no-BT fee 0% offer for 18 months.  And with them tending towards generous limits, might be the path I'd recommend.

 

This! I'm not sure if NFCU was a "no-go" from your father not wanting join? Or if they denied your eligibility?

 

I was actually able to sign up even though my Grandfather was several years decesead at the time, with a copy of his DD214; He was never a member of NFCU. I went into the branch and it was no problem. If you don't have branch access I think you can do it over the phone. I pasted the steps on their site:

 

BzHwlW.jpg

 

NFCU has been a god-send giving me my first unsecured card when I had so so scores (600-650), and still a collection or two on my report. I was also able to get a 25K Auto Loan approval last year with around a 610.

 

I agree with others that if you can get in, they will probably do you right. I think you may even be able to get a personal loan from them to help you escape the 25%er. some of their rates:

 

https://snipboard.io/fBJ6aj.jpg fBJ6aj.jpg

Share this post


Link to post
Share on other sites
21 hours ago, centex said:

I've NEVER had a personal appointment with an officer after an online application, even with the small local bank with whom I do my primary banking business.  If I want a personal appointment or more immediate action, I go INTO the branch.  Ditto on what used to be the Exxon credit union back in the 80's before they re-branded and expanded their membership base (I ditched them when they changed their mission and grew larger than I prefer in an lending institution). 

 

It is simply not reasonable to expect immediate results in a holiday window of time.  I'd be wary of pushing them too hard or it becomes easier for them to just deny and be done with the app...give the people burning vacation hours at the end of the year time to do their job. 

I haven't pushed at all, I will give them time to do their job. The two times I've used them in the past it was a simple phone call and asked  to come in to a branch to do paperwork, done deal in a few hours. They were also a lot smaller of an operation back then, I guess i was expecting something similar this time. 

If i dont hear anything by the end of the week i will give them a call. 

Share this post


Link to post
Share on other sites
2 hours ago, theRbro said:

Congrats Roger on your journey and making great progress!

 

This! I'm not sure if NFCU was a "no-go" from your father not wanting join? Or if they denied your eligibility?

 

I was actually able to sign up even though my Grandfather was several years decesead at the time, with a copy of his DD214; He was never a member of NFCU. I went into the branch and it was no problem. If you don't have branch access I think you can do it over the phone. I pasted the steps on their site:

 

BzHwlW.jpg

 

NFCU has been a god-send giving me my first unsecured card when I had so so scores (600-650), and still a collection or two on my report. I was also able to get a 25K Auto Loan approval last year with around a 610.

 

I agree with others that if you can get in, they will probably do you right. I think you may even be able to get a personal loan from them to help you escape the 25%er. some of their rates:

 

https://snipboard.io/fBJ6aj.jpg fBJ6aj.jpg

My father did not want to join, I never bothered with an application. I will have to look into it further after reading the last couple replys 

Share this post


Link to post
Share on other sites

Got an email from the Lender last night asking for  pay statements and info on what i was planning to consolidate/refinance. 

will update when i hear more.  

Share this post


Link to post
Share on other sites
1 hour ago, RogerK08 said:

Got an email from the Lender last night asking for  pay statements and info on what i was planning to consolidate/refinance. 

will update when i hear more.  

That says the ball is rolling in the right direction.  Hopefully, if approved, they don't condition it upon a closure of the accounts where balances are being paid through the loan (yes, some consolidation lenders DO include that stipulation). 

 

If you have not yet done so, you might want to put together a spreadsheet that shows what is outstanding and how this consolidation changes those balances. 

Share this post


Link to post
Share on other sites
1 hour ago, centex said:

That says the ball is rolling in the right direction.  Hopefully, if approved, they don't condition it upon a closure of the accounts where balances are being paid through the loan (yes, some consolidation lenders DO include that stipulation). 

 

If you have not yet done so, you might want to put together a spreadsheet that shows what is outstanding and how this consolidation changes those balances. 

I already have one made up with everything i owe down to the penny. This also includes totals on minimum monthly payments etc...

I applied for the payoff amount of the 25% personal loan i currently have plus a couple hundred extra dollars. I didnt add any of the credit card debt into this. Im hoping to be able to qualify for a 0% BT card in the near future to knock that debt out quickly. 

Edited by RogerK08

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.





  • Today's Birthdays

    1. nitenrz
      nitenrz
      Age: 14
  • Member Statistics

    • Total Members
      177,733
    • Most Online
      1,528

    Newest Member
    ecomfoundry
    Joined

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines