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Navy Federal Auto Loan 7 months post discharge

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Honeykissez
Regular Contributor

Re: Navy Federal Auto Loan 7 months post discharge

Congratulations!!!! And thank you for this because I want to apply for an auto loan with Navy but didn't know if they would approve with a bk. I only discharged in August so I'm trying to wait as long as I could. How much of a loan did they approve you for?

Discharged BK 8/5/2020
Fico 8: Ex 537 - Tu 522 - Eq 572

8/5/21: Ex 653 - Eq 669 - Tu 727

Rebuilding: 8/21 Secured nfcu $200 - increased by nfcu on 11/7 to $600 - graduated 2/10 $2,000 ~ 9/10 Secured Discover It $200 - graduated 4/22 $1,800 ~ 12/8 Mercury MasterCard $750 unsecured ~ 4/8 Target $1,200 ~ 5/2 Apple Card $850 ~ 5/31 Quicksilver $2000 ~ 8/7 Nfcu Go Rewards $12,500
Message 11 of 12
southernblueeyes
Regular Contributor

Re: Navy Federal Auto Loan 7 months post discharge


@Honeykissez wrote:

Congratulations!!!! And thank you for this because I want to apply for an auto loan with Navy but didn't know if they would approve with a bk. I only discharged in August so I'm trying to wait as long as I could. How much of a loan did they approve you for?


Did not do a pre-approval so not sure how much they would preapprove. I wanted to put $5000 down so I only asked for the difference which was about $17,500. They gave me the option for four, five or six year loan. I chose 4 years but will probably pay off in three years. 

Message 12 of 12
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