PenFed/NavyFed Auto Loan BK Friendly?

[southernblueeyes]

I got an auto loan with NFCU 7 months post BK7 discharge at 8.49%.  Refinanced 4 months later with PenFed at 5.6%. 

[Goal7502022]

I was approve for Navy Fed at 6.99% one year post BK but I wound up going with Capital One as they approved me at 4.67%

[Anonymous]

I just got approved for an auto loan today with penfed at 5.6%! I was discharged end of April this year, the 23rd I believe. I have Navy Federal with a secured card with them that just graduated this month to $2000 as well as a secured share loan but they denied me left and right for anything else including the auto loan I have been with them since 2007. I literally just joined Penfed today and figured I might as well try and I got an instant approval for just under 27k. So I'd say they are definitely more lienent with BK's when compared to Navy Federal, in my experience at least.

[Anonymous]

@coreyb80 would you share more about your scores and cards you got with PenFed while being in BK13?

[coreyb80]

---

@Anonymous wrote:

@coreyb80 would you share more about your scores and cards you got with PenFed while being in BK13?

---

My scores at the time were around the mid 600s.  I've been rebuilding while in 13 since 2018, filed 13 in 2016.  Before the vehicle I had a a credit card and a checking account with them.  Since  then I now have 3 cards with them and a personal loan.  They're pretty great to work with honestly.  The process, once approved, is simple.  I requested a check for the exact amount of the vehicle.  They sent the check via overnight express and I gave it to the dealership.  

[ballysdad]

I have accounts at both Penn and Navy. I have a CH7 15 mo discharged. 

Navy had secured card graduated to $2000 CLI to $3500 denied auto loan denied personal loans.

Penn I have CC was $3000 CLI to $7500. Auto loan $30k. denied personal loan

FICO scores mid 600's Utilization 2%. Income 100k range. Never had late payment until day I filed CH7.

What I would have done different.. only open secured card that should graduate with Navy and never apply to Navy for any other product. I feel I have wasted inquiries with Navy I would stick with Penn. Just my 2 cents