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Quame15
Contributor

Pledge loans

I don't have a navy account I want to apply for the pledge loan but I wanted to see what other banks or credit unions offer pledge loans where I put the money in and use the same money to pay it as it frees up?

2 REPLIES 2
Horseshoez
Senior Contributor

Re: Pledge loans


@Quame15 wrote:

I don't have a navy account I want to apply for the pledge loan but I wanted to see what other banks or credit unions offer pledge loans where I put the money in and use the same money to pay it as it frees up?


Take a look at PenFed, their SSL works exactly the same as the one at NFCU.

Chapter 13:

  • Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank (now Bank of Southern California)
  • Filed: 26-Feb-2015
  • MoC: 01-Mar-2015
  • 1st Payment (posted): 23-Mar-2015
  • Last Payment (posted): 07-Feb-2020
  • Discharged: 04-Mar-2020
  • Closed: 23-Jun-2020

 

I categorically refuse to do AZEO!

In the proverbial sock drawer:
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moto4man
Regular Contributor

Re: Pledge loans


@Quame15 wrote:

I don't have a navy account I want to apply for the pledge loan but I wanted to see what other banks or credit unions offer pledge loans where I put the money in and use the same money to pay it as it frees up?


Huntington has something similar called "Stand By Cash".  But you don't app for it, you have to have a checking with other requirements.  And it does max out at 1K.  Once you meet those requirements it will be offered to you.  I don't think it's anything near as good as what some of the other banks/CU's are offering, but it is an alternative.

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