Unsecured Credit cards- Navy Federal Credit Union $ 10,000

[rpg]

Hello,

I want to say my Chapter 7 was discharged Jan 5, 2011. My post BK credit FICO score was 670. Yesterday I was approved for a Unsecured Navy Federal Credit Union $ 10,000 Visa with 13.50 interest - no annual fee. It was just two months after the BK.

For those looking to reestablish credit you may want to try NFCU-

Thanks,

[scorpion35]

Hello,

I want to say my Chapter 7 was discharged Jan 5, 2011. My post BK credit FICO score was 670. Yesterday I was approved for a Unsecured Navy Federal Credit Union $ 10,000 Visa with 13.50 interest - no annual fee. It was just two months after the BK.

For those looking to reestablish credit you may want to try NFCU-

Thanks,

if u can get in
wanna sponsor me?

[tobee43]

well...i wasn't lookin for any credit until i read this post...me too...i'm with scorpin35....wanna sponsor me too???

[onthefence]

Were you a member before you filed for bk? Or are you a new member 2 months post bk?

[bkdone]

I feel for you Scorpion, I do. I'm not trying to rub it in, but NFCU is the real deal. I've been a member on this board since 2004 and I've read about NFCU a million times but never pursued it. If I had realized that I was eligible to join before now, I would have. I just joined about 5 days ago. Already approved for a ridiculous credit line and I'm still shocked. WOW.

[IamOld]

That's awesome!!!! The only thing I would say is this - they turn into the demons from hell if you're ever more than one month late. My atty has a special place in hell picked out for them. They are unreal if you get on their wrong side (they're also a huge financial institution). If you're on their good side they're great; else...

[Stilltheone]

Not eligible to join!

[iswmle]

That's awesome!!!! The only thing I would say is this - they turn into the demons from hell if you're ever more than one month late. My atty has a special place in hell picked out for them. They are unreal if you get on their wrong side (they're also a huge financial institution). If you're on their good side they're great; else...

Heh, boy do I agree with that. I bk'd both them and USAA. Navy Fed were screaming banshees. USAA was no better but in the end I could do without NFCU for the rest of my life while I'm counting down the days to be back in the good graces of USAA.

[rpg]

I joined after the bankruptcy - the funny thing that makes no sense is- they gave me a unsecured credit card for over 10,000 limit but denied a car loan yesterday go figure? I ended up with ALLY for 21000 at 8 percent on a used 2006 for 72 months.

[Scooter10]

I joined after the bankruptcy - the funny thing that makes no sense is- they gave me a unsecured credit card for over 10,000 limit but denied a car loan yesterday go figure? I ended up with ALLY for 21000 at 8 percent on a used 2006 for 72 months.

Let them know what you got. They may re-consider and match/beat your rate. CU's can do this The advantage of a CU is the manually underwrite everything and they can really choose what they want to do if it makes sense. I find it hard to believe that they gave you a 10K unsecured cc, but declned a secured auto, there must be a miscommuncaition between them and you

[mikemike]

To get this card u need a referral or need to be in the military?

[ValleYum]

To get this card u need a referral or need to be in the military?

Straight from their website:

Eligibility Checklist

Navy Federal's field of membership is determined by the National Credit Union Administration.
If you fall under any of these categories, you're eligible to join:

All Department of Defense (DoD) uniformed personnel—Army, Marine Corps, Navy and
Air Force retirees and annuitants

All Department of Defense Reservists—Army, Marine Corps, Navy and Air Force retirees
and annuitants

All Army and Air National Guard Personnel—civilian employees, retirees and annuitants

All Delayed Enlistment Program (DEP) Personnel

All DoD Officer Candidate programs—Midshipmen and cadets at the United States Naval Academy,
United States Military Academy, United States Air Force Academy, United States Coast Guard Academy
and the United States Merchant Marine Academy; Other Officer Programs*

U.S. government employees assigned to DoD installations (including Coast Guard)

All DoD civilian employees—including retirees and annuitants

DoD contractors assigned to U.S. Government installations

Family Members—including grandparents, parents, spouses, siblings, grandchildren, children (including adopted and stepchildren) and household members

Once your family members have joined, they can extend the membership opportunity to their family members, too.

[mikemike]

Thank You valleyum....I dont fit any of them :-(

[nc73]

No idea what their criteria is but I was only approved for 2k. A year from discharge..

[Poppie]

They made me get a secured card first (a year after discharge), then a year after that I got a regular card with a $3k credit limit. And I actually had pretty decent credit right after discharge too (no lates or collections or charge offs on my credit report).

So I don't know why some people hit the jackpot with them right away, but not everyone does. I'm happy with my $3k card now, of course. I am just saying that they didn't throw huge amounts of credit at me right off the bat.