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NFCU CLOC and auto loan approval (penfed update)

Frequent Contributor

NFCU CLOC and auto loan approval (penfed update)

Just asked for $8,000 and next day was approved, auto loan next day too for $35,900 at 14% so I won't take the auto loan, CAP one approved at 7% and Carvana 7% too.

I applied today for PENFED membership and auto loan, went under review, we will see...

BK Discharged 06/02/2016 SCORES AROUND 475

Current scores:
EXP-667
EQ-654
TU-653
5 REPLIES
Frequent Contributor

Re: NFCU CLOC and auto loan approval

PENFED approved the auto loan, $34,600 at 8.20%. It feels good to get approved even though the rate is not ideal, but not bad either considering I'm still less than a year from discharge.
BK Discharged 06/02/2016 SCORES AROUND 475

Current scores:
EXP-667
EQ-654
TU-653
Frequent Contributor

Re: NFCU CLOC and auto loan approval

that's awesome! Congrats!

Community Leader
Senior Contributor

Re: NFCU CLOC and auto loan approval

Congrats on the approvals! I think we are going to replace DW's car and I just joined DCU.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
730 EQ FICO 11/2017
750 TU FICO 11/2017
735 EX FICO 11/2017
$20k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE
Frequent Contributor

Re: NFCU CLOC and auto loan approval

I ended up getting 6% after they gather all the info about the car, not bad at all!

BK Discharged 06/02/2016 SCORES AROUND 475

Current scores:
EXP-667
EQ-654
TU-653
Highlighted
New Contributor

Re: NFCU CLOC and auto loan approval

PENFED is definitely a great credit union.

BK Filed 06/15 and D/C 09/15 Current FICO 8 November 2017 EQ 666 EX 645 TU 660 CAP 1 Venture MC 11.2 k, BOA Cash Reward Visa 2k, Target 800, Banana Republic 5k, NFCU 30k, NavChek CLOC 15k, NFCU AMEX Rewards 3.6k, Barclays NFL 11.5k, Discover IT 5.5k, PayPal 3.5k, Wal-Mart 5k, Amazon Prime 5k, Belk 5k, PENFED Power Cash Reward 12k, PENFED Credit Union CLOC 1.5k, PENFED New Car Loan 6% APR 33k 72 MTHS, PENFED Signature Loan 8.5k 48 MTHS, Nordstrom 1.5k. Total CC Limits 109K.