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NFCU CLOC and auto loan approval (penfed update)

TXinandout
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
Message 1 of 6
5 REPLIES 5
TXinandout
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
Message 2 of 6
MiaM
Frequent Contributor

Re: NFCU CLOC and auto loan approval

that's awesome! Congrats!

Message 3 of 6
Scupra
Super 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
759 EQ FICO 03/2021
754 TU FICO 03/2021
743 EX FICO 03/2021
$29k NFCU Platinum | $30k 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 | AMEX Gold
Message 4 of 6
TXinandout
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
Message 5 of 6
KJT
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 April 2020 EQ 682 EX 651 TU 667 AMEX Delta Platinum $1.7, Apple Mastercard $5K, CAP 1 Venture MC 11.2 k, Target $2.2k, Banana Republic $7k, NFCU $30k, NavChek CLOC $15k, NFCU AMEX Rewards $15.5k, NFCU Visa Signature Flagship Reward $6.9, Barclays NFL $17k, Discover IT Cash Back $9.9k, Discover IT Travel $17k PayPal $6.5k, Wal-Mart $7k, Amazon Prime $7k, Belk 5k, PENFED Power Cash Reward 20k, PENFED AMEX $20K, PENFED Credit Union CLOC 1.5k, PENFED New Car Loan 6% APR 33k 72 MTHS-Paid Off, PENFED Signature Loan 19k 48 MTHS, Nordstrom 10K; Care Credit $20K, Raymour & Flannigan $5.7, Infiniti Q50 2019 $44K-1.9% APR 72 months. Total CC Limits 236K.
Message 6 of 6
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