Anyone have any idea how they work here? I seem to be preapproved for everything under the sun except a mortgage. I already have a $10k CC and now it says i preapproved for another one up to $10k. If everyone knows, My CC approval was similar to pulling teeth with several root canals at once.
Here is how the page shows up
Congratulations on your pre-approvals. It appears you have the "accept" instead of the "apply" which is a good sign.
I am wondering if a credit check still happens, underwritting etc. I have not seen anyone talk about going through the process.
that amazing you have offers. Im not a fan of theirs and didnt even know they had these but i guess with good income and credit you are a viable candidate
aslong as i dont ask for a CC, they are probably easy to get along with.
@RootDet wrote:Anyone have any idea how they work here? I seem to be preapproved for everything under the sun except a mortgage. I already have a $10k CC and now it says i preapproved for another one up to $10k. If everyone knows, My CC approval was similar to pulling teeth with several root canals at once.
Here is how the page shows up
Well, I think it would be a little rude to turn down an offer, you should be able to a pretty nice used car for $65K. In fact, I have a 2010 Toyota Corolla in "fair" condition that I was thinking of selling to the right person. And you seem good. You know, I could probably see my way to letting you have it for $60K and you wouldn't even need the full loan!
I did call and ask. I was told it is a better chance of approval, but they still do an HP and full manual underwriting. So it is not a streamlined process. Not the preapprovals we are used to at say Penfed.
I am too radioactive for them to try, o no going to be a guinea pig here
Congrats on the offers! @M_Smart007 and I both have the same offers. I was wondering the same. I figured it would be pulling teeth with the current state of the economy. lol
I know Redstone uses the same software.
Their preapprovals are a soft pull. No hard pull in sight, after applying for an auto loan several months ago. Ended using USAA instead.
Still waiting for a SP Preapproval auto refinance that beats my current rate.
Loan Options tab -> Pre-Approved Loans.