PSECU Approval?

[Hogue69]

I took a stab in the dark last night and applied for a PSECU visa, it was in a pending status because last night was Sunday and obviously banking institutions are closed on Sunday, I go back today to review status and it says it's on hold,

Actually the exact message is "Thank you for your loan application. Your loan is on hold for the following reason(s): Two Paystubs verifying the applicant's income"

Does anyone have experience with PSECU's approval process, I'm faxing in my paystubs tomorrow, any ideas if it's normal and you verify income before they pull your scores and decide either way, or would they be verifying my income because I'm being approved?

Thanks!

[Revelate]

Almost certainly approved.  Income verification is typically the last step in any lender's approval process if they actually do them.  Waste of everyone's time otherwise, including at least one and possibly two bank employees'.

[Anonymous]

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@Revelate wrote:

Almost certainly approved.  Income verification is typically the last step in any lender's approval process if they actually do them.  Waste of everyone's time otherwise, including at least one and possibly two bank employees'.

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+1

[Hogue69]

Oh, wow, this is great news! I hope it all works out, I also decided to take my chances on the auto loan i've needed for 6 months, and I got the same message with a number to call and discuss my maximum amount.

Thanks man!

[Hogue69]

Also, Just checked my experian report, it looks like they hit me with one HP for apping for an auto loan and a visa, that's awesome!

[Anonymous]

I wasn't required to prove income. However, it seems they want to get an idea on what your CL should be. Did you do just the Visa card or the Visa/PSL combo?

[Hogue69]

Just the VISA.