Navy Federal Personal Loan Approved!

Creditaddict · ‎07-26-2016

I asked for $13k because that brings me to exactly $100k unsecured credit with Navy.

Went pending and just received text this morning and went online and signed documents electronically.

60 months at 18% (The worst rate Navy has) but went through with no additional verification and I don't think I will need it longer than 12 months.

CreditMagic7 · ‎07-26-2016

Ouch. I know that you say 18% is highest APR on their PL but is that also their worst on CC's too?

Mine is a 17% on the GoRewards.

Creditaddict · ‎07-26-2016

@CreditMagic7 wrote:
Ouch. I know that you say 18% is highest APR on their PL but is that also their worst on CC's?

Mine is a 17% on the GoRewards.

Yes, that is the worst rate for all Navy products and is higher than my credit cards.

Could be my total exposure with them?

Could be my massive amounts of credit?

Could be they pulled EQ, my lowest score with the 9-year-old BK still reporting.

Who knows... I'm just kind of shocked it went through especially with no income verification!

CreditMagic7 · ‎07-26-2016

@Creditaddict wrote:
@CreditMagic7 wrote:
Ouch. I know that you say 18% is highest APR on their PL but is that also their worst on CC's?

Mine is a 17% on the GoRewards.
Yes, that is the worst rate for all Navy products and is higher than my credit cards.
Could be my total exposure with them?
Could be my massive amounts of credit?
Could be they pulled EQ, my lowest score with the 9-year-old BK still reporting.

Who knows... I'm just kind of shocked it went through especially with no income verification!

Thanks for the info on that CA.

pizza1 · ‎07-26-2016

Thats awesome CA!! of course they pulled EQ...they LOOVVEEEEEE EQ, LOL...

But still...no POI, thats great!!

Anonymous · ‎07-26-2016

Congratulations! Also, thanks for the info about Navy Federal!

Anonymous · ‎07-26-2016

Congratulations!

gingerflower · ‎07-26-2016

Congratulations on the approval with no POI

Anonymous · ‎07-26-2016

Congrats.

Anonymous · ‎07-26-2016

@Creditaddict wrote:
I asked for $13k because that brings me to exactly $100k unsecured credit with Navy.
Went pending and just received text this morning and went online and signed documents electronically.
60 months at 18% (The worst rate Navy has) but went through with no additional verification and I don't think I will need it longer than 12 months.

Congratulations to you!...Thanks for sharing.