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Member
Posts: 6
Registered: ‎08-23-2013
0

Confused about Navy Federal (Approved for Credit Card, Denied for Auto Loan)

I just applied for a Navy Federal auto loan in the amount of $17,000. My credit is only 633 at the moment, so I wasn't expecting miracles- but I was at least expecting to be approved at high rate. I was denied.

 

After getting off the phone about the auto loan (just out of curiosity) I applied for a credit card, which I was approved for with a limit of $7,000.

 

I'm confused. Has anyone had this happen?

 

 


Starting Score: 571
Current Score: 618
Goal Score: 700


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New Member
Posts: 6
Registered: ‎04-28-2013
0

Re: Confused about Navy Federal (Approved for Credit Card, Denied for Auto Loan)

They pull different bureaus for Credit Cards=TransUnion and Auto Loans=Equifax.

How similar are your reports and scores?
Epic Contributor
Posts: 24,404
Registered: ‎10-23-2007
0

Re: Confused about Navy Federal (Approved for Credit Card, Denied for Auto Loan)

They have been pulling EQ for me only for credit and loan lately... I wish they would pull TU!
Fico Scores: EQ- 670., TU 705 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
83 Cards and Counting :smileytongue:
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† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

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