Author Topic: NFCU? (Read 3985 times)

280plus · « **on:** October 12, 2009, 08:06:11 AM »

I have their Visa. I thought it was the one card I could count on not to raise my rates and squeeze me for more money because I pay my bills. Not so. They just jacked me 4% on both purchases and cash. I called, talked to two brick walls and was told it was due to my credit "score" (which has been improving mind you) which did not qualify for the lowest rate. I said, "But it's improved!" How the hell can your credit score IMPROVE and suddenly not qualify for the rate you qualified for a year ago? They're saying it's due to the new federal legislation.

I was then told I should "write a letter" which I plan to do. Anybody here have any inside info/contacts I can use? The proper place to raise hell? I figure some of you mil types might also have dealings with them. I am completely torked about this. It's sickening. I told the "supervisor" it wasn't about money it was about integrity. I told her I thought I had been working with a company that had integrity for the last 32 years but apparently I was wrong. "I'm sorry you feel that way sir." Yea, ok...

Balog · « **Reply #1 on:** October 12, 2009, 10:58:17 AM »

Mike Irwin used to work for them. Might see if you can contact him. If he's not responding to PM on here, I know mtnbkr knows him irl...

mtnbkr · « **Reply #2 on:** October 12, 2009, 11:01:37 AM »

AFAIK, he doesn't have any contacts there that would be of help.

Chris

Balog · « **Reply #3 on:** October 12, 2009, 11:02:23 AM »

Quote from: mtnbkr on October 12, 2009, 11:01:37 AM

AFAIK, he doesn't have any contacts there that would be of help.

Chris

Yeah, but he might be able to help walk him through the bureaucratese.

Desertdog · « **Reply #4 on:** October 12, 2009, 11:45:20 AM »

This is the big thing with credit cards now that the Dems are in power.

I was notified the my Master Card was going to go from 14% to 19% at the end of December. I was offered the opportunity to opt out before then and they would close the credit card and I could pay it off at the old rate. Since my daughter has been using this CC for the past few years I am going to shut ot down.

280plus · « **Reply #5 on:** October 12, 2009, 12:25:00 PM »

Well, they are killing us and I'm getting pretty sick and tired of it. They're forcing me right out of business. I'm just disgusted with the whole thing. They've all quadrupled their minimums so it's getting to where I'm going to have to start tapping savings to keep up during the lean months. I am going to opt out, it's the only choice I have they told me to opt out and open a new card at the new rates. I told them if I opt out I will not open another card with them. Ah well, I'm just fishing for ideas here, no need to bother Mike.

Desertdog · « **Reply #6 on:** October 12, 2009, 12:28:30 PM »

Quote

I told them if I opt out I will not open another card with them. Ah well, I'm just fishing for ideas here, no need to bother Mike.

Check with the Credit Unions in your area and see what their rates are.

280plus · « **Reply #7 on:** October 12, 2009, 12:35:52 PM »

yup, I'm on the phone with my bank to see about the rates on a line of credit. Sounds fairly cheap so far.

charby · « **Reply #8 on:** October 12, 2009, 02:41:01 PM »

Quote from: Balog on October 12, 2009, 11:02:23 AM

Yeah, but he might be able to help walk him through the bureaucratese.

you couldn't handle that truth :)

PTK · « **Reply #9 on:** October 12, 2009, 02:45:55 PM »

This is why I have only ONE credit card that I use.

Leatherneck · « **Reply #10 on:** October 12, 2009, 02:48:29 PM »

That's strange. NFCU got hinky with me over a car loan a few months ago, so I went with CARMAX's offered rate, which was lower than NFCU's. That's never happened before, and I've been a member of NFCU for over 40 years!

TC

280plus · « **Reply #11 on:** October 12, 2009, 03:01:58 PM »

I'm sad to say they've become as cutthroat as the rest of them. Plain and simple.

I feel like if this can happen, the world really IS going to hell in a handbasket.

MillCreek · « **Reply #12 on:** October 12, 2009, 03:31:01 PM »

When I bought a new car five years ago, NFCU was not competitive with other local credit unions or even my bank, Bank of America. I thought that was pretty odd.

Balog · « **Reply #13 on:** October 12, 2009, 03:34:17 PM »

Meanwhile, USAA still continues to beat all comers, including the local credit union. :D

Gewehr98 · « **Reply #14 on:** October 12, 2009, 07:07:44 PM »

Quote

This is the big thing with credit cards now that the Dems are in power.

Wait. Am I to understand that banks are Democrat-controlled?

Balog · « **Reply #15 on:** October 12, 2009, 07:13:48 PM »

I believe new legislation re: CC's has been passed.

Doggy Daddy · « **Reply #16 on:** October 14, 2009, 01:29:04 AM »

Is that "Nevada Federal Credit Union" you're all going on about?

DD

280plus · « **Reply #17 on:** October 14, 2009, 05:56:22 AM »

Navy Federal, sorry didn't know there was another NFCU. They're at www.Navyfcu.org

Doggy Daddy · « **Reply #18 on:** October 14, 2009, 03:31:03 PM »

Thanks, 280.

I'm breathing easier now.

DD

280plus · « **Reply #19 on:** October 14, 2009, 03:32:26 PM »

Wish I was...

Doggy Daddy · « **Reply #20 on:** October 14, 2009, 07:09:16 PM »

Quote from: 280plus on October 14, 2009, 03:32:26 PM

Wish I was...

Don't worry. Obama will make it all better... maybe...

Awww heck. Probably not. Sorry.

DD

Headless Thompson Gunner · « **Reply #21 on:** October 14, 2009, 07:22:54 PM »

Banks are making their lending standards more stringent. This applies to credit cards as well as everything else. Even if your credit score has improved, your score might still fall short of their new stricter standards.

Credit card issuers especially are doing the rate-raising and terms-changing thing now, due to onerous new legislation that will make it very difficult to do it in the future if it becomes necessary. If there's even the slightest possibility that they might ever need to raise your rates, they're gonna do it now rather than wait and have to fight the crazy new rules.

280plus · « **Reply #22 on:** October 14, 2009, 09:10:58 PM »

All I know is they're taking those of us who have been able to maintain or improve our financial well being throughout this and driving us into the ground. They've gotten it to the point where I can't keep up and they don't care. It'll just end up meaning more of us will have to default becasue they've made it impossible to do otherwise. What pisses me off is this is over nothing I've done wrong but it's going to cost me dearly if I don't figure a way out of it. So much for what being a good loyal customer does for you.

Headless Thompson Gunner · « **Reply #23 on:** October 14, 2009, 10:01:52 PM »

I'm not sure what loyalty has to do with any of it. They have to run a business and stay afloat, which is becoming harder and harder due to government meddling and this government-created fiscal mess we're all in. I'm sure it's no comfort for you, but they're struggling just as much as you are.

In the end, we all have to take care of ourselves. They'll do what they have to for themselves, you'll do what you have to do for yourself, I'll do what I have to, and so on. And eventually we'll all get through it. Assuming the government doesn't come up with still more ways to screw us all.

Fly320s · « **Reply #24 on:** October 15, 2009, 06:11:02 AM »

Quote from: Balog on October 12, 2009, 07:13:48 PM

I believe new legislation re: CC's has been passed.

Yes. The minimum monthly payment rates were increased because some people complained about how long it takes to pay off a credit card and how much interest would be payed doing it that way.

For an off-the-wall example, if a person had a credit card with a $1,000 balance and he paid the minimum monthly payment of $19, the payoff would take years and the total interest paid would be much larger than the original balance.

So, someone complained and the government "fixed" it. Don't blame Obama; it started with Bush.

News:

Author Topic: NFCU? (Read 3985 times)