NFCU - Pending Loan

[Anonymous]

Applied for my first auto loan today, with Navy Federal. Received the ominous 'Your application has been submitted for review' statement. Hopefully this is not a bad thing . I have never applied for an auto loan and one of the recommendations are to get one because it will help in boosting my CS (granted, payments being made on time). Not sure how my CH is going to play into this but everyone sees my scores below.

Loan request was 17,000. Let's cross our fingers X!

[Anonymous]

Almost all loan requests for NFCU get a review message so this is not a bad thing. I have only gotten instant approval one time on a loan request. All others were 30 minutes to 3 days for a response. Not particularly sure if it takes actual human to review and approve or not.

Good luck with your loan and enjoy your new vehicle.

[Anonymous]

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@Anonymous wrote:

Almost all loan requests for NFCU get a review message so this is not a bad thing. I have only gotten instant approval one time on a loan request. All others were 30 minutes to 3 days for a response. Not particularly sure if it takes actual human to review and approve or not.

Good luck with your loan and enjoy your new vehicle.

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I hope so ^_^. Nothing back from them yet. I figure I will wait until Tuesday then give them a call (probably Wednesday. Something special about the 14th....)

[Anonymous]

I applied for an auto loan with them on 2/8/12, and I still haven't heard back either if that makes you feel any better.  I applied for the nrewards CC the same day, and I had an approval for it the next morning when I woke up.  Just going to keep waiting.  It's all I can do for now.  If I haven't heard anything by Monday, though, I'm calling to find out if there is something I should be doing to speed up the process (i.e. faxing check stubs, proof of residency, etc).

[Anonymous]

forgive me for bumping a few month old thread but what was the outcome of both of your loan requests? i have similar scores and was wondering what my chances for auto loan approval be