Anything Else Before I Take the Plunge (NFCU)?

[Twotimesacharm]

I've been scouring the boards for every possible way to improve my odds for a big SL for my second card with NFCU (app in July). If there's any other suggestions, please send them my way!

Relationship: 

Membership - 3 yrs

More Rewards card ($3,000) - 3 yrs (never late)

Checking and Savings - 3 yrs

Direct deposit  - 3 yrs

Campus checking (for son) - 2 yrs

25k home improvement loan - 2.5 years (paid 12.5/25k so far, never late)

Newly added:

EasyStart CD: 50.00/12 mo

Product change everyday checking to Flagship checking, deposited additional 5k (did not have high balances).

Just paid off $8500 of $8700 credit card balances across the board.

Removed myself as an AU on a maxed out Cap 1 card.

2 of my last 3 baddies are off in June (1 in September).

DTI: 41%

Income: 79k

Inquiries: Zero (they were the last pull in August of 2021)

I see people talk about pledge loans, however, with my home improvement loan, I don't think that would help, but I could be wrong. I have a very good account mix (cc's, mortgage, student and nfcu loan).

THESE SCORES DO NOT REFLECT THE $8500 JUST PAID. I do expect a decent bump from bringing my util from 85% to 4% and 2 out of my last 3 charge offs falling off.

T9: 645

T8: 690

If there's something more I can do, let me know!

Thank you ❤️ 

[CreditPoor]

Your DTI needs to come down and the negatives need to come off your report to give you the best chances. Navy is big on DTI

[Twotimesacharm]

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@CreditPoor wrote:

Your DTI needs to come down and the negatives need to come off your report to give you the best chances. Navy is big on DTI

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What DTI do they like?

My mortgage has a co-borrower and they contribute about $800/mo to the $2200 payment, but I'm not sure if, or how, I can include that in my income.

Also, I forgot to mention inquiries on my original post, so I'll add them (zero)

[FicoMike0]

Seems like the drop in utilization should boost your score.

[pakratus]

I took my $1k More Rewards to $30k in less than 3 years.  You should be requesting CLIs.

I got the $25k limit on my first card.  Then $1k on my second.  Messed up my plan but I'm good now.

[SouthJamaica]

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@Twotimesacharm wrote:

I've been scouring the boards for every possible way to improve my odds for a big SL for my second card with NFCU (app in July). If there's any other suggestions, please send them my way!

Relationship: 

Membership - 3 yrs

More Rewards card ($3,000) - 3 yrs (never late)

Checking and Savings - 3 yrs

Direct deposit  - 3 yrs

Campus checking (for son) - 2 yrs

25k home improvement loan - 2.5 years (paid 12.5/25k so far, never late)

Newly added:

EasyStart CD: 50.00/12 mo

Product change everyday checking to Flagship checking, deposited additional 5k (did not have high balances).

Just paid off $8500 of $8700 credit card balances across the board.

Removed myself as an AU on a maxed out Cap 1 card.

2 of my last 3 baddies are off in June (1 in September).

DTI: 41%

Income: 79k

Inquiries: Zero (they were the last pull in August of 2021)

I see people talk about pledge loans, however, with my home improvement loan, I don't think that would help, but I could be wrong. I have a very good account mix (cc's, mortgage, student and nfcu loan).

THESE SCORES DO NOT REFLECT THE $8500 JUST PAID. I do expect a decent bump from bringing my util from 85% to 4% and 2 out of my last 3 charge offs falling off.

T9: 645

T8: 690

If there's something more I can do, let me know!

Thank you ❤️ 

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You'll be in good shape once the payments are reported. Just give it a couple of months, so that NFCU's soft pull will reflect them.

[Twotimesacharm]

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@pakratus wrote:

I took my $1k More Rewards to $30k in less than 3 years.  You should be requesting CLIs.

I got the $25k limit on my first card.  Then $1k on my second.  Messed up my plan but I'm good now.

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I plan on a CLI request right after the second app. Hopefully I get both!

[Twotimesacharm]

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@SouthJamaica wrote:

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You'll be in good shape once the payments are reported. Just give it a couple of months, so that NFCU's soft pull will reflect them.

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Thanks!

[md_rebuild]

Agree with other posters.   Your DTI % needs to come down.

I got 4.5K with my Cash Rewards card.   Got it to $8K after 2 years, then within 3 months got the Flagship and then the Amex, both starting at $25K.   

[Twotimesacharm]

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@md_rebuild wrote:

Agree with other posters.   Your DTI % needs to come down.

I got 4.5K with my Cash Rewards card.   Got it to $8K after 2 years, then within 3 months got the Flagship and then the Amex, both starting at $25K.   

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What DTI do they like to see? I generally don't add my husband's income as he owns his own business and it fluctuates, but it would certainly bring it down.