myFICO® Forums
Help
cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 

SO Penfed says i was approved for a 15k auto loan and...

tag
Get Access Now
Membersince2013
Valued Contributor
‎03-14-2015 06:32 AM
‎03-14-2015 06:32 AM

SO Penfed says i was approved for a 15k auto loan and...

Then i tried to check, but it said the status is "pending". I thought a "congratulations you've been approved for a $15,000 loan" means that i've been approved. Has anyone else encountered this issue?

Arrival+ | Barclaycard Rewards Mastercard | Citi Double Cash | CapOne QS (2) | Citi Diamond P | Freedom | Fidelity Amex | Amex Plat | Old Blue Cash | PRG | SPG | BCP | HHonors Surpass | Cap1 Venture | Discover | CSP | Cap1 Venture1 | BOA CR&TR (2) | Ritz Carlton | Southwest Rapid Rewards | Hyatt (2) | US Airways Mastercard (2) | Wells Fargo Rewards Visa | Marriott Premier (2) |

Fico Scores as of 2/21/15 - EX: total crap, TU: total crap, EQ: total crap
Message 1 of 3
0 Kudos
2 REPLIES 2
Anonymous
Not applicable
‎03-15-2015 03:46 PM
‎03-15-2015 03:46 PM

Re: SO Penfed says i was approved for a 15k auto loan and...

@Membersince2013 wrote:

Then i tried to check, but it said the status is "pending". I thought a "congratulations you've been approved for a $15,000 loan" means that i've been approved. Has anyone else encountered this issue?

Emm.. How many cars are you buying LOL?  With Penfed, it is probably a verification issue and the approval may be conditional...

Message 2 of 3
0 Kudos
Membersince2013
Valued Contributor
‎03-16-2015 12:03 PM
‎03-16-2015 12:03 PM

Re: SO Penfed says i was approved for a 15k auto loan and...

@Anonymous wrote:
@Membersince2013 wrote:

Then i tried to check, but it said the status is "pending". I thought a "congratulations you've been approved for a $15,000 loan" means that i've been approved. Has anyone else encountered this issue?

Emm.. How many cars are you buying LOL?  With Penfed, it is probably a verification issue and the approval may be conditional...

I'm still shopping lol.

Arrival+ | Barclaycard Rewards Mastercard | Citi Double Cash | CapOne QS (2) | Citi Diamond P | Freedom | Fidelity Amex | Amex Plat | Old Blue Cash | PRG | SPG | BCP | HHonors Surpass | Cap1 Venture | Discover | CSP | Cap1 Venture1 | BOA CR&TR (2) | Ritz Carlton | Southwest Rapid Rewards | Hyatt (2) | US Airways Mastercard (2) | Wells Fargo Rewards Visa | Marriott Premier (2) |

Fico Scores as of 2/21/15 - EX: total crap, TU: total crap, EQ: total crap
Message 3 of 3
0 Kudos
† Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.