PENFED AUTO LOAN HELP

[britt585]

Hi I want to know if anyone has any input on Penfed auto loan approval process?...I've been shopping around with different CU's and long story short my income is good, work history is good, my file is thin. FYI I tried DCU they denied my membership due to chexsystem..ugh..thanks for any input....

[Gotham-]

Hi @britt585

Did you Find out what the chexsystems is about so you can get more info ?

[britt585]

Well my chex system report has nothing negative however I have 8 inquiries....That seems to be a big deal to CU's (DCU,BECU,Bellco etc)...

[AllZero]

PenFed is a conservative credit union. If you're not able to get membership with BECU, DCU, then your chances with PenFed is not looking good. They're very sensitive to pryamiding debt.

You can try, they'll hard pull EQ9 for membership. Expect additional hard pulls for credit or loan products.

[britt585]

I called them and asked about membership process...They don't pull chex or early warning....CSR said they look at your credit....Not sure if they will approve me for auto loan....