Reply
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

NFCU Auto Loan Pre-Approval 60 day limit

Hey guys,   got my Auto loan pre-approval back in October and I ordered the car.  My loan has a 60 day pre approval period.   I talked to the Volvo Customer Service this week and they said the VIN number will be available on 12/3/12  since that is when my car is scheduled to start being built at the factory...

 

Does anyone know if NFCU will re-pull credit in December when I use their "pre-approved" check for 45k at the dealership?


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Valued Contributor
Posts: 1,508
Registered: ‎08-30-2012
0

Re: NFCU Auto Loan Pre-Approval 60 day limit

Pretty sure they will. They are pull happy.

Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 712|EQ 695|EXP 723 (FICO)
What's in my wallet? Cap1 PLAT AU $4.25k; Cap1 QS AU $2k; NFCU Siggy $45k; $5k WalMart MC; CFNA Firestone $1.8k; Amazon $3k; NFCU Cash Rewards $22K; AMEX BCE $21k; NavCheck $15k; Lowe's $10k; Citi DP $7.7k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: NFCU Auto Loan Pre-Approval 60 day limit


madmann26 wrote:
Pretty sure they will. They are pull happy.

 

Haha that's the truth! Anyone who took the initial pull and waited a month before using their.loan?

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Valued Member
Posts: 29
Registered: ‎01-29-2011
0

Re: NFCU Auto Loan Pre-Approval 60 day limit

They didn't repull for me even after i requested an increase on the draft check..


Starting Score: 600
Current Score:EX FICO 778 EQ FICO 732 TU FICO 775
Goal Score: 800
NFCU Cash Rewards Sig (16K), Amex BCE(10K), Delta Skymiles(20K) Discover IT(8K), CITI HHonors(10K), CSP (8K), CITI TYP(5K) CITI Diamond Preferred(4K), Amazon Store Card(2.5K),


Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: NFCU Auto Loan Pre-Approval 60 day limit

That's good to know thanks stema8701

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Regular Contributor
Posts: 180
Registered: ‎05-06-2012
0

Re: NFCU Auto Loan Pre-Approval 60 day limit

I'm looking for a new/used card for my wife and I was thinking about going through Navy Federal for financing. How does it work when you receive the pre-approved check from them and go to the dealership to purchase the car? What happens to the excess funds if the car cost less than the amount approved on the check? Thanks.



Starting Score: EQ 675 | TU 688 | EX 702
Current Score: EQ 734 | TU 738 | EX 719
Goal Score: 750 (Across All 3)


Take the myFICO Fitness Challenge
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: NFCU Auto Loan Pre-Approval 60 day limit

Nfcu will only draft what you say to the dealershop. The packet you get with the draft check tells you not to disclose your preapproved amount to the dealership. Furthermore they pay the dealer off the VIN and then you have a full 90 days to get all of the paperwork sent back in.

I did an auto refi with them in march and it was pretty painless. The only issue I had was that I kept getting requests to forward the car title to them in Virgina... I had to call like 3 times just to make sure they understood that my state was not a title holding state.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: NFCU Auto Loan Pre-Approval 60 day limit

My VIN is now available.  I called to set up the appointment to go finish up the paperwork and sign the loan check over to the dealership.  I'm hoping this happens tomorrow. 

 

Wish me luck!


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Established Member
Posts: 27
Registered: ‎01-29-2012
0

Re: NFCU Auto Loan Pre-Approval 60 day limit

Web,
I had a somewhat similar situation. I was approved for the 60 days, I waited 30 days to actually buy the truck, but the dealer messed up the check process and Navy returned it because it was improperly endorsed by the dealer...I noticed after about 2 weeks it hadn't shown up online and called the dealer after speaking with a Navy rep.... Fast forward a few weeks and multiple phone calls and it passed the 60 days. Navy had to resubmit the application and they DID repull credit but I think it was soft because it neer showed up on EQ but I got a score notice from them with my new packet.. I was kinda a mess, but it all worked out in the end with a .99% rate :-)

Grant
1 October Eq 750

NFCU nRewards 20k, USAA MC 16k, USAA MC 13k, Cabelas 9k, Jeep MC 8.5K, Chase Mil Star 12k

Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: NFCU Auto Loan Pre-Approval 60 day limit

[ Edited ]

Wow thanks for sharing. Ill make sure the dealer has the phone number to be able to call navy fed if they have any questions. My car has to be paid before I fly to Europe to go get it so I cant afford for the dealership to screw up!

I handed the check over on Saturday. On Tuesday my husband and I had to go back to the dealership because we missed where we were supposed to sign. Anyways; we did that and so far no re pull! Keeping my fingers.crossed!

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.