Navy Federal Auto Loan Hack (NFCU CREDIT HACK)

[@NaamWynn]

Have you gotten a NFCU auto loan before?

[@sj5283]

nope, they denied me because of my bankruptcy

[@douglashenry6996]

I financed two car loans through NFCU. I would never consider getting a car loan with anyone else.

[@cowboyhoward1]

I just got denied an auto loan. I have 2 credit cards with NFCU, a Platinum with a 9K cli and a cash rewards with a 5K cli. Both have a zero balance and perfect history. I have a 790 TU Fico 9 score. My income is 92,000 and my credit report is pristine. I have multiple credit cards and all have a zero balance. I have no idea why I was denied a loan. I don't really need one but should I call and ask the reason? Will they tell me? Thanks. Your video is excellent.

[@everythingcredit]

yes I have gotten 4 cars in 2 years with them, they are the best!!!

[@thelostone777]

I have gotten two auto loans from them 45k,84k . I have a pledge loan and a certificate and flagship account with them

[@SelfMadeLee]

Credit score was 620 when I requested 40K got approved right away... Don't put the vehicle you have in mind on the application right away. Just pick up your check and take it to the dealership you want. I do have a relationship with NFCU for a year: Checking, Savings, CC, and CD ... ((Update!)) Applied for another loan with trade in vehicle that was financed with NF. They approved me for 65K in less than 6months... I did pay before the due date every month as well... Continue to build a relationship with NF and never pay late...

[@NaamWynn]

Awesome!

[@therealkatiii]

what did you put for the net income

[@SelfMadeLee]

@@therealkatiii household total income. No proof required. 120k

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@Rico4801]

Yooo thank you for this info!!!

[@vmack1851]

Noticed your shadow box in background. Semper Fi Sgt!

[@Happyandfree67]

thank you both for your service and sacrifice 🙏

[@lebisque9194]

I've had and paid off a Navy Fed car loan. I need to buy my daughter a car now but these stealerships are out of control. Also, Pen Fed CU has better rates than Navy Fed right now. Love this content, Nam.

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@floridajames04]

Why do you NEED to buy your child a car? They don't have a job? I've never understood parents like you. No offense.

[@gamingwitchutuu429]

Can you use a credit card to make auto payments with navy federal

[@jameswalton8927]

I have NFCU for awhile now...My house 135K, Car for 65k and I have a credit card work about 10k. car and house I have had with them for awhile...my next loan will be around 110K for a new C8 zo6. fingers crossed when I do apply for it, I just want to pay down my car a bit more and house.

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@SYNICAL360]

asked for 50k got offer for 55k. have many relationships with NFCU..certificates, pledge loans, credit cards and business accounts

[@By_Any_Means_Necessary]

Great info especially the part about applying for multiple things in one month so it falls on one credit inquiry 👍🏾

[@vlonebosshk]

that info is not true

[@Sharnae202]

I love the way u broke it down from top to bottom love it ❤. And very detailed too. Can’t get no better than that 🙌🏾🙌🏾

[@so4real]

I got a $60k loan, I wanted to buy a used Tesla to replacemy old one, but I changed my mind. The check was good for 90 days. It's good to have money in your account with them. They see stability for repayment.

[@4yourEyezTV]

This is truth

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@donovanblackman1814]

Around how much I have a few thousand and I’m looking for a 60k loan also

[@Mallk19_882]

Congrats

[@StreetTVPA]

Thank man! I just got approved!

[@NaamWynn]

Let’s go!

[@youmatter2god552]

You can also become a member of Navy federal if you have a deceased love one who served in the military as well.

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@ForGoodnesSake]

Yes you can call them.

[@daneillio]

Yes

[@Jazzmin554]

Great video ❤ was stress asf getting bank statements and paystub for my car loan until I ended up getting it from a vendor online

[@vlonebosshk]

Navy Federal checks credit for EVERY product. One inquiry does not last for a month.

[@bliss8172]

Facts

[@larsnars427]

my biggest issue is the dealerships treating the auto loan like it’s not real money 😭🤣 trying to charge extra for stuff that’s not needed

[@williamh.hutchinson2858]

Naam, great videos my friend. Keep up the good work. Was wondering, if I go for an auto loan but get the check in my name. Say the check is like 30 to 50 k and I used that check to purchase 2 or 3 cars depending on the cost of the cars each. Couldn't I just send them all 3 titles after cashing and using that check? Purchasing these cars to use on Turo as well as doing delivery services like Door Dash etc?

[@Xtremeproducts]

Just got approved for $60.5k about a weeks ago even though I requested $55k. Picking up my check today.

[@NaamWynn]

Awesome 😎

[@Mallk19_882]

Congrats

[@Xtremeproducts]

@@Mallk19_882 thank you

[@mufasssathelion5871]

How long have you banked with them

[@Xtremeproducts]

@@mufasssathelion5871 since 2020 but I have almost all banking, cc, loans, etc with them as well plus I’m in the Army

[@Kendrashineofficial]

Can I include the household income even though my spouse will not be cosigning the application?

[@LaynairHolder-yn6ze]

Good to know it’s TU Fico 9. 👍🏽

[@Roctv]

19, 1 year of credit history . 730 fico transunion . Deleted ALL of my inquiries. Have direct deposit with them and I have had a secured card with them that recently unsecured . Had it for a year . Utilization 1% . I want a $40k car loan 72months I’m putting $125k income on application. Are my odds high ? I have four other CCs . First time car buyer . Think applying after 11:30 will help

[@abdul-jaleeldieng2660]

How did it go ?

[@Prosperous8532]

​@@abdul-jaleeldieng2660You see that car in his profile pic! 😂

[@TopShottaDanzel]

@@Prosperous8532😂😂😂

[@kacethegreat4560]

i have a score of 675 and i became a member only 3 weeks ago. i need a car right now but im afraid to appky for the loan bc it hasn't been 90 days. i have a savings, checking and direct deposit with them though. Should I try it or try to make it in a car that's falling apart???

[@BBTTresses]

Did you get an answer or did you apply?

[@TIMOTHYFOOTE-i7m]

Great information. Thanks

[@shaeofalltrades]

NFCU doesn’t give you a pre-approval if you plan on buying a car with a private seller.

[@kaywhy4690]

Yea i got denied

[@rikarozayyy4011]

Me too!

[@stoneschanify]

You KZbin financial experts amaze me… why not simply tell the people that you have to apply for or already have a card with them to get your internal score? A simple savings or checking account will NOT HELP.

[@keepinitraw8403]

Great video I just need you to slow down on the pics I be reading it and then in 2.5 seconds it’s gone 😂

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@Dom_bond]

Really like when you do videos on how to get approved for cad loans with NFCU. Maybe do a mortgage as well? Love the content keep it up Brotha

[@NaamWynn]

Coming soon!

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@artbyvi06]

I’m 18 years old and I’ve never taken out a loan and have no experience. I do have a family member who served so I should be able to become a member. Once I become a member will I be able to take out a loan? I don’t need a huge one just a few thousand for a car

[@ElGabylan]

Does the cosigner have to be a member?

[@asleebrown5461]

Good afternoon I was approved for NFCU flagship rewards visa for 20,000 on 10/18...should I go for a auto loan now or wait? Thank you for your time!

[@NaamWynn]

Go for it! Just make sure you don’t have too many inquiries

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@mannylara2930]

I already have an auto loan with chase through the dealership that i bought my car from the interest rate is not bad but it could be better . Should I pull out an auto loan with navy fed to get a better rate? My credit is 780 and I’m an E-5 in the army

[@yemialemu9902]

What is your interest rate with chase?

[@israellee4226]

I just got denied for a auto loan from credit union 4 days ago an it made my score go down 4 points

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@latisharene]

how come they pulled from Equifax if you said they pull from transunion only?

[@dreakonxhin6001]

what happens if u dont use all of ur approved auto loan? does that mean ur payment every month will go down also?

[@codycarr9087]

Yes. Your payment will be based on how much of your pre-approval you actually spend, not the total amount of the pre-approval.

[@tylerlocklear3218]

If i were to apply for a business credit card and Navy Federal pulls my credit, would i then be able to use that same inquiry to apply for a personal car loan or personal credit card in the same month with NFCU?

[@NaamWynn]

I know for personal it would be. But I would ask a rep concerning the biz card

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@liqdog111]

Nah, they require an application for each line of credit.

[@lockedloadedlaced548]

How do you transfer the check over to private party if you don't buy thru dealer? Same way im assuming?

[@NaamWynn]

Yes

[@zoreenagraham6327]

What's the lowest my fico 9 could be?

[@exploitgaming4053]

How do I rebuild my credit. I’m at 550 :/ bad decisions as a young adult.

[@nigelsayles8290]

Navy Fed Secured Loan

[@luisem214]

I asked for 65k and was offered up to 70k been with them for almost a year.

[@ilovericecakes]

What’s your credit score? And can you go in-depth on how did you apply? In-person, on-the-phone or online? How much did you say your income was? What’s your credit card utilization like prior to applying? Sorry, need to know all the details before I apply lol

[@latoyasheppard4017]

@@ilovericecakesmy exact questions

[@sunnydayincali]

I have a current loan on a car through NFCU and am now considering selling the car to a private buyer. Can anyone explain the process? Is it done over the phone or the bank?

[@BBTTresses]

Is building the relationship necessary bc I need a car now?

[@42Butterflies]

My daughter was able to get there auto loan. Easy process, approved in less than an hour. Question: If an auto loan is converted into a personal loan, is it deposited into your account?

[@ChrisDavis333]

Turning an auto loan into a personal loan is a financial crime and will land you in federal prison. Good luck.

[@justinharris5222]

what if I never had a auto loan in the past?

[@marcia-marcahwilliams2411]

I’m trying not to use my debit cards anymore…because you pointed out they’ve useless. I wanted to ask…this question , I pay my credit cards off each month…do you think it’s better to do this? I don’t like to pay interest on anything not even a penny. I’m a navy federal multi credit card user, also multi debit card user…should I keep them or let expire? Thanks Naam.❤

[@NaamWynn]

Great to have you here. I personally thinks its best to pay off credit cards in full by the statement closing date. As for the cards, I would keep the credit cards open as long as possible to help build credit, unless it has fees. The debit card i would just keep, incase you need money from an ATM. I just keep them stash away and not carry it with me unless its needed.

[@marcia-marcahwilliams2411]

@@NaamWynn I have excellent credit ,so I don’t have build credit ….retired now after 30 years….. I will stop carrying the Debit cards….and use one of my credit cards for all purchases. Is it true that eventually the 3 credit reporting agency will go away….I hope so….because they’ve so confusing with scores, I thought 850, is highest score….When I purchased my last car….they came back and said they hadn’t seen 870, before…..Have you? Thanks 🙏

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@rasonbonner9600]

What’s the odds of getting approved with a discharged bankruptcy about 3 yrs ago? Have been paying my CC off on time w a zero balance.

[@1Dad2Headaches]

I have 2 bankruptcies and got approved

[@scottdaniel4096]

Sure , haven’t you heard anything about cash hack program?

[@kamikani08]

I got approved today and been out by for two years now

[@youtubeogcreator]

Will Navy Federal impose early penalties for repaying a loan within a shorter timeframe than the specified loan term?

[@NaamWynn]

No, you make you read the agreements, since it does change over time.

[@MannyMoncler]

What’s a good fico score for 30kish approval

[@TruSno39]

CAN I USE THE MONEY TO REGISTER AND INSURE THE CAR ASWELL ?

[@theofficialalesha5212]

No you can only use the amount for the car

[@DanielleFlorez13]

What happens if I don’t use all the amount that was given? What are the steps after that?

[@razorsharpdetail]

Goes back to them

[@eyeVIEW10]

If I’ve been approved for a auto loan can I also submit a request for credit card without receiving a additional hard inquiry?

[@vlonebosshk]

you will receive another hard inquiry

[@septaken]

I recently called Navy Fed and asked about a consolidation loan. They told me it would have to be over the phone. Can I apply for a credit card in the same phone call ?

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@AyeThatsKrystaLewis]

Hey Naam! Can you do a video about charged off accounts with balances? I have seen mixed posts about wether you should pay them off or not.

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@Junkienuts89]

In reality all debt you obtain is paid off already. banks can't lend you their own money. The contract you sign with your ssn on it turns into a monetized security. Look into it, you'll be surprised. On another note look into 1099a/1099c to pay it off and have it showing on your consumer report as so.

[@KamalaOlivia]

Great information!

[@michaelbender8094]

Once you get approved and you don’t like the payments, could you cancel the loan or back out?

[@eua3762]

Lol yes, with any line of credit

[@TheHiphopgems]

I was maxed out on credit cards, my scores were around 600, I got 11k

[@DYoungDrift]

What if I only been a member with NFCU for a month, but I have 3.1 years of credit and had a house loan on there before?

[@ABsolutely_Channel]

I did’t have friend used NFCU, how i gonna register?

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@aeryonscranton6223]

Hey ma’am big question i’ve been with navy fed since i was 16 i’m 19 now but i started my credit like 3 months ago do you think since my credit score is 670 i could get approved or would i need more credit history?

[@tasteofzen5802]

Did you ever try it?

[@reggier2343]

My first auto loan was 50k for a ducati

[@tinydanceryoutube]

I'm not military. I'm a widow of one

[@H3lpIzYah]

So, After watching your video I think I messed up… I applied to NFCU for a $20k loan not even thinking they would preapprove it. I have a mid size suv that I still owe $16,885 and it’s financed thru another third party entity. I guess I can’t change the amount now since it’s a pre-approval right? NFCU also asked about my vehicle I have now & how much I pay monthly. I really don’t want to go back to the same dealership to trade it in because of how they did me initially so what do I do?

[@davec2020]

Naam i have been with Navy for a year now and have flagship card. I have 800 fico score make 150k yr. I have had auto loans for 60k 80k etc. I am also looking to purchase exotic but only want 125. Do you think this bank would be right for me or another bank. Any advice would be greatly appreciated. TY

[@NaamWynn]

I think you would have good odds, depending on your current relationship with them and DTI for other loans or credit cards.

[@davec2020]

@Naam Wynn My truck I have now was 60k with chase I'm trading that in with about 15k equity on it . Price is 135k for z06 minus 15k leaving me at 120 bc I'm paying the difference of sales tax etc

[@Furbsz]

don't you still need an access number to be able to register?

[@NaamWynn]

If you are not a member and need a sponsor.

[@derrickgs777]

Is there a penalty if you pay your car loan off early ? Thanks for your hard work and information.

[@NaamWynn]

No there should not be

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@Josh102697315]

Yes if you pay it in full and the account is closed. Remember your credit score is made up of your credit mix. When you remove a line of credit it reduces your mix and will hurt your credit score.

[@getwap5017]

Ive been with Navy for one month but kept a balance of 2k or better in it. Also my credit score is 740

[@dessys2754]

Did you apply for a loan? I just joined but I want to build a little bit of a relationship before applying for anything.

[@DYoungDrift]

^

[@getwap5017]

@@dessys2754 👌🏾

[@scottdaniel4096]

@@dessys2754 oh damn, haven’t you heard anything about cash hack program?

[@saylorgirl799]

@@scottdaniel4096Please elaborate… tell us more, please! What’s the cash hack program?

[@knottyheadrich5887]

How much car can I buy?

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@luisem214]

I love you Naam.

[@bfendii955]

What are my odds with 600 credit applying for 35k loan I make 40k annually been with navy federal for a year but I don’t have savings or credit cards with them only checking do you recommend me applying?

[@truthbtold8697]

He said if you male 100k it's unlikely to get a 100k car loan..so you make 40k seeking a 35 k loan

[@RS-jh2kl]

🥇

[@gamingwitchutuu429]

Can you use a credit card to make auto payments with navy federal bank? I want to use my Bank of America CC or my navy federal CC

[@reanagen]

Its not possible to write the check to yourself

[@Killa_Kamz]

You can. Just don't use it for 90 days, once the time passes it converts into a personal loan. So technically your not but are writing it to yourself.

[@garyshaw8449]

@@Killa_Kamz what you said makes no sense

[@Killa_Kamz]

@@garyshaw8449 What i said makes perfect sense because thats litterally what happens. If you get a preapproval auto loan check from NFCU you have 90 days to use it on a car. If not the auto loan check converts to a personal loan check and is able to be deposited into your own account. Thus, "writing the check to yourself".

[@harveylee743]

Semper fi

[@kevinbutty1286]

Hey Naam great video - just started a relationship with NFCU for 3 days and I have a 750 credit score. You think I will get approved? And I can’t pick up the check will they send it to the dealer? Thanks I’m sorry it’s a lot

[@NaamWynn]

I think you have good odds, if your DTI is good. They can send you the check.

[@DrewBell-eo6sd]

Wat if u got 500 credit score but you been a remember over almost two years.

[@NaamWynn]

That still on the lower side. But since an auto loan is a secured loan you can probably still get one, just with a higher interest rate

[@Grim_reapercy]

Got a question so I’m bout to be a E-2 in the marines. I plan on getting a mustang for about 40k. I have no credit tho. Do you think I will be accepted my income a month should be 2k a month active duty tho

[@NaamWynn]

Hey Devil, as a PFC I don't recommend it, but the end of the day, it's your money. Depending on your relationship with NFCU, if you are still new, I think your odds are low

[@kattyhernadez7892]

Have you tried doing the cash hack platform yet I did cash hack just some days back and I got paid $20,000 in just a couple of hours

[@josephfriedrich9792]

4:31 any product, as in another cc as well?

[@jessicaabhulimhen8036]

hi! can getting a cosigner with a great credit score (800) increase your chances of getting the loan and reduce your APR?

[@rppoker4768]

What

[@gsmooth6037]

Do you apply online or call?

[@xavierscott6704]

Hey love the video, but what about GAP insurance when you apply for the auto refinance loan or does it not matter?

[@King_Solomon215]

You want to consider that in your loan amount as well. So account 3-5k extra for the GAP insurance when you request your amount.

[@noahezachary]

@@King_Solomon215navy fed charges a flat fee of $399 for gap insurance

[@CatScanJim]

Not really a hack.

[@ginalagarce2811]

Navy Federal?!? See these stats and explain it all to me. Oh wait, I’ll explain it! - Makes no sense. - Got the loan I needed from ANOTHER credit Union without pause. - Have current account with Navy Federal. - Closing that banking relationship down as soon as today.

[@floridajames04]

Show me on the doll where Navy Fed touched you.. 😆

[@davidjmardis8521]

My credit score is 765 and I was thinking in 2 years from now buying a truck. I wanna save up 20 grand to put down on it and let the auto loan cover the rest. I am hoping that Navy fed would help me out cause in total the truck I want is like 38 grand

[@maxxpayne5833]

What kind of truck if you don't mind me asking

[@KingDavid0606]

Invest that 20 grand. Just get the loan amount through navy fed that you can afford. Use that 20 grand into something that can net passive income instead of a depreciating asset. Hell, you can buy a running business with that 20k as the down payment or a property to rent. Do your research.

[@scrilla707]

putting 20k down and you have good credit isn't very smart

[@divinefem777]

Never put that much down on a car. You could leave the lot and something unforeseen could happen to the car. Then you’ve wasted 20k!!! Not a smart money love

[@ChrisDavis333]

dude just go get the fucking truck.. I sell cars, 765 gets you a good rate, and you’ll get approved by anybody, especially for 38 grand. Put down $2000, not $20000. You want to have an auto loan on your report, it will help you not hurt you. If you can afford 20k savings in 2 years, you can afford a 38k truck. Let’s say you put down 2-3k, 35k auto loan, 6% apr, 550-570 a month. Which is an affordable car note in 2024.

[@Venger02]

👏👏🔥🔥💥💥

[@welderjedi5145]

Largest credit union.

[@NaamWynn]

Correct!

[@jaxripper251]

There is no Hack now

[@silversurfer231]

You had mw till the end. How is not turning in the title to the credit union and turing it into a secured personal loan loan fraud? There's nothing fraudulent about turning a loan into a personal loan

[@NaamWynn]

Because when you apply for an auto loan you agree to its terms and conditions that you will use towards a car