Got denied with a 617 score 611 trans I make 75k a year. They didn't give me a chance. First access approved me instantly
Me and My wife inqured for getting a loan to pay off her car. I have a Excellent credit score and then also we were offered with extreamly high interest rate. We didn't took the offer but for some reason they still opened an account for that loan inquiry. We had to be on multiple calls to close the account. We were informed that the account is cancelled/closed but they never reported Trans Union or any other agency. It's been 4 months and out credit repot still shows it as an active account.
I did a mistake of going back to them for inquiring for another loan, and exactly same thing again, They opened another acount and approved the loan and sent me a bill that my payment is past due. I never agreed or authorize any loan and it should have been just a soft inquiry. Now my credit reports shows 2 Loans on it that never should have been there. This has impacted my Credit score severely.
Please Save yourself, This bank is working under false pretense. I went there because my wife have an account. She served US Navy for 5 years and this bank does not respect any of it. She has extreamly high interest rate loans and Credit debt. We tried to consolidate it and they didn't wanted to work with you. It as bad as any other creditor around the Block. I really hope this review will help someone.
PS: This bank works with another agency for Loans.
My credit history is sordid. I make really good money, but have been terrible about getting payments in on time. I've been working on improving my scores. Example: June 2016 scores - TU - 508, Equifax 564. Today - TU - 689, Equifax 691. I've had to pay charge-offs, basically beg for mercy to have some of those completely removed from my credit report, make payments early and keep the cards I do have at a low utilization. I do have to say that the utilization was one of the biggest negatively impacting factors. I just had no idea how much. I paid my cards down to less than 10% utilization from about 80% and my credit score jumped almost 40 points from that alone! I got a Credit One Bank Visa with a limit of $400 in January 2017. At the beginning of April, they increased my limit to $600 without me asking. I also was able to open a Kohl's charge for $300 in February.
Granted, I have been a member of Navy Federal for 27 years, but never had credit with them as the few times I applied I was turned down. I also started a new job in March, so I thought that would really go against me, but I did make my NFCU account the recipient of my direct deposits. I thought my credit was improving well and after 2 pay periods of direct deposits, I said "why not" and I applied for the NFCU goRewards credit card on 4/21/2017. I was SHOCKED this morning (4/24/2017) to find that not only was my goRewards card approved, but I had a limit of $24,000 at an APR of 9.99%! I'm so ecstatic that I don't know what to do with myself. It really is a rewarding feeling knowing that my hard work on my creditworthiness is paying off. I'll never let my credit get bad again.