Navy Federal Pledge Loan Hack (INCREASE CREDIT SCORE)

Рет қаралды 106,565

Жыл бұрын

Is this video I will show you everything that you need to know about the Navy Federal Pledge Loan Hack. Navy Federal Credit Union is one of the best financial institutions out there. With this loan you can manufacture your credit score overnight!
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DISCLAIMER:
This video is for entertainment purposes only. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author make no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video. This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for your support!

Пікірлер: 368

@NaamWynn Жыл бұрын

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@myaimisdeadly7197 Жыл бұрын

i did the loan paided 87% and now it says i don't owe anything until 6/25/2024 thought you had to pay alittle monthly tf?

@dJNicoSuave Жыл бұрын

@@myaimisdeadly7197 I did the same it’s like you paid off the monthly payments for years in advance lol, but if you leave it alone it will give you on time payments every month until that date so I am going to leave for a couple of years build a trade line

@CesarJoel Жыл бұрын

That's how I built my credit. Did 2 $2,100 pledge loans, paid them 95% next day, opened the nRewards secured card and six months later got an auto loan at 3%, AMEX Everyday, Gold and Hilton Business. You can manufacture your profile with those NFCU products.

@NaamWynn Жыл бұрын

Lets go!!!!

@michaelswami Жыл бұрын

I did the same with 2 NFCU shares pledge loans. By being responsible with credit cards and these two loans, I am now at 809, 787 and 781 FICO 8 scores. My FICO 9 (Experian) is 827. His process works.

@kadayaleechisolm1240 Жыл бұрын

Will they show the credit bureaus you paid the 90% before they even report?

@CesarJoel Жыл бұрын

@@kadayaleechisolm1240 it will report as 90% paid when it reports the 1st time as a new account.

@mariorubalcava798 Жыл бұрын

Are you talking personal credit ?

@berrytrenzy Жыл бұрын

Making money is an action. Keeping money is behavior. Growing money is knowledge

@nathanmikewinchesterchevri370 Жыл бұрын

😮

@bbry2003 Жыл бұрын

@johngolf7314 how do i contact Brian

@mrstorres4183 Жыл бұрын

My recommendation is not to wait until it reports and then pay the 90% off. Your score will dip and the score will increase the amount that it dipped making it not as fruitful. As soon as the pledge loan funds hits your savings pay it off the 90%. It will report with the initial balance as the amount you took the loan our for and then the current balance which will be 90% less than the initial balance. This is what will boost your score without going down first. I have done two pledge loans. One as you state waiting to pay the 90% after the tradeline reports and one with paying the 90% as soon as the funds were available. I received more of a credit bump with paying the 90% right away.

@HigherSelfSeason Жыл бұрын

Whew, Thank you so much for sharing this information. I just got a pledge loan and was ALMOST about to cancel it. I was like dang it’s going to show that I owe 7K. Now I’m about to go make that payment ASAP! 🎯💯💎

@akiemsmall2828 11 ай бұрын

Thank you so much, about to start the 60 month pledge loan and as soon they release the funds back I’m paying 95% of it

@fabianserna-hk2il 10 ай бұрын

Doe sthe amount matter?

@estheticsguru 10 ай бұрын

Thank you for posting this information! I can see how paying 90% right after taking out the loan would result in an immediate bump in your credit. Doing it this way, you avoid the dip altogether!!

@fabianserna-hk2il 10 ай бұрын

@@estheticsguru after loan was reported to credit bureaus I saw a 13 point increase in Equifax/trans and 24 on experian. Paid off 90% right away

@jez3belly Жыл бұрын

Other financial gurus are talking about this, but you are the only one who breaks down the duration that will generate maximum results, and what to expect afterwards. I have a savings account with them, and have been looking for ways to add more tradelines to my credit reports to strengthen my financial profile while leveraging preexisting financial relationships. This is a great way to build toward higher lines of personal and business credit. Thank you, Naam!

@Wi77iam 11 ай бұрын

Saw your video earlier today and after being a member since 96, I finally decided to get a pledge loan. It got approved in about 3 hours and the funds were deposited as soon as I signed the documents.

@EdKaneInternationalMale Жыл бұрын

Dude, you deserve to have 1 million subs! Good stuff, articulated perfectly and well laid out! Great job!

@NaamWynn Жыл бұрын

Appreciate that!

@DayanaPlays Жыл бұрын

Great vid bud! 🚀

@sexyangel-918 Жыл бұрын

Great information! Thanks very much!!!

@dana780 11 ай бұрын

So happy I found this video. The clearest explanation of pledge loans I have seen.

@thorisburt4233 Жыл бұрын

I was denied a Navy Federal Pledge Loan a few months back, but it was because I was on a payment plan that just ended with my Platinum Navy Visa card. Once I completed the payment plan, I was approved. Here's to increasing my credit score and rebuilding my credit! This should be the only reason one gets denied according to Navy Federal just FYI. Thank you so much @Naam Wynn !

@NaamWynn Жыл бұрын

Lets go!!!

@killacam139 Жыл бұрын

Had to subscribe..all your vids are specific and well stated

@t.n.tthenobletrainer88 Жыл бұрын

Great content Nam, thx.

@nextnameinhorror Жыл бұрын

I just did a $10K one. I first tried with my business account but it only works on the personal side. Good info

@kattyhernadez7892 Жыл бұрын

Did you try doing the cash hack platform I did cash hack just a couple of days ago and I got paid $20,000 in just a couple of hours

@user-yw7yk8hp6x 7 ай бұрын

Great video

@darlenemoragne-sheaff5794 Жыл бұрын

Excellent as always...

@romell202 Жыл бұрын

Damn this is str8 sauce right here

@romell202 Жыл бұрын

Thanks!

@rosaortiz9723 Жыл бұрын

Thank you.

@patriciaguy5230 Жыл бұрын

Thanks I will be looking into it

@patriciaguy5230 Жыл бұрын

@Rosemary no never heard of it

@gumboqueen601 Жыл бұрын

I recently did the pledge loan with Navy Federal for $20K and to my surprise my credit score immediately shot up 28/34 months 👍🏽

@NaamWynn Жыл бұрын

Amazing!

@kattyhernadez7892 Жыл бұрын

Did you try doing the cash hack platform I did cash hack just a couple of days ago and I got paid $20,000 in just a couple of hours

@terrymckenzie5153 Жыл бұрын

have you tried doing the cash hack program i did cash hack just a couple of days ago and i got paid $20,000 in just a few hours

@kingmiller1982 Жыл бұрын

What you tired literally made Zero sense, fyi.

@noluvtrey1289 Жыл бұрын

@@kingmiller1982 Points! You know what I meant 😏

@timothynichols1081 Жыл бұрын

New to Navy Federal. Never herd of this type of loan.

@kattyhernadez7892 Жыл бұрын

Did you try doing the cash hack platform I did cash hack just a couple of days ago and I got paid $20,000 in just a couple of hours

@hongfoote4159 Жыл бұрын

Great 👍🏻

@darkktint5974 Жыл бұрын

wow this is what I need. wow this came up like it was meant for me. I am a Navy Federal Credit Union member. my credit score is 700. I'm gonna try get a pledge load of 50,000. wish me luck.

@kattyhernadez7892 Жыл бұрын

Did you tried doing the cash hack platform I did cash hack just some days ago and I got paid $20,000 in just a few hours

@terrymckenzie5153 Жыл бұрын

have you tried doing the cash hack program i did cash hack just a couple of days ago and i got paid $20,000 in just a few hours

@BwadeReacts Жыл бұрын

Do you have 50,000 ?

@maritestaylor8458 Жыл бұрын

Thanks

@Wordlyfe334 Жыл бұрын

I've just completed my $400 pledge loan now I'm aiming towards a bigger pledge loan to go with my cds also gotta spend big to receive big

@kattyhernadez7892 Жыл бұрын

Did you try doing the cash hack platform I did cash hack just a couple of days ago and I got paid $20,000 in just a couple of hours

@terrymckenzie5153 Жыл бұрын

have you tried doing the cash hack program i did cash hack just a couple of days ago and i got paid $20,000 in just a few hours

@killacam139 Жыл бұрын

Works just did it score went up 42 points in about a week...u want pay large percentage back before hits credit report..I paid 95% back next day

@TraderDT Жыл бұрын

WOW! So u good awesome results by doing the hack b4 the loan was reported to the bureaus. Naam (& others) say to let it post 1st, then do the hack. I guess it doesn't really make that much different when u do the hack. Interesting!

@mrstorres4183 Жыл бұрын

Exactly!!!! These people are being told to wait until it hits the credit report. They should not do that, The greatest score increase will be to make the 90% - 95% payment as soon as the funds hit your account. When it reports it will report with the original loan amount and your balance which will be 90-95% lower than the original loan amount.

@sixfootglamazon 5 ай бұрын

I wonder if this jump would happen regardless of the deposit amount…

@sonnysonny1446 11 күн бұрын

Tbh, I did mines with exchange rewards. I waited 10 days and paid 50% and the other 50% 4 days before the due date. My credit score literally jumped up around 65+ points. Im going to try your method and hopefully it takes my score up even more 😅

@TraderDT Жыл бұрын

Naam, with the pledge loan, which strategy makes more sense after the 90% pay down..................a) don't make any more payments until the next due date.................OR amortize that small balance over the term of the loan using auto-pay? thanks

@zacharisatosha7108 Жыл бұрын

Will the pledge loan count toward your DTI for lenders? Thanks for all the info Naam :)

@TraderDT Жыл бұрын

@@sinned96 Which monthly income? The income b4 the 90% hack or the monthly income (post hack)?

@jamesnap601 Жыл бұрын

it is about the relationship period.. Member for five years two checking accounts one biz account one 6000$ pledge loan paid off 85% next day/ 4 charge offs 8 lates they gave me a 7500$ credit card

@kattyhernadez7892 Жыл бұрын

Did you try doing the cash hack platform I did cash hack just a couple of days ago and I got paid $20,000 in just a couple of hours

@butterbaby5484 Жыл бұрын

Great news. Your situation sounds about mine but I haven't even applied for the card. I was actually going to wait but I might try

@thorisburt4233 Жыл бұрын

How long did you wait after you paid off the 85% to apply for the $7500 credit card you were approved for?

@FMILLC 5 ай бұрын

I have a Pledge Loan Now with Navy Federal Credit Union. They report to Transunion Credit Bureau. It's a small loan of 250.00 to check the system out. I just reviewed my report because Navy Federal e-mailed from their Mission Credit Alert saying a New Account or Trade Line which words you like to use has been added. Showing Secured Loan Paid as Agreed or Current. So just do it for a Better or Higher Credit Score

@sixfootglamazon 5 ай бұрын

Thanks for sharing! Nobody ever uses $250 as an example. Im going to get one now. How long did you get the loan for?

@TheSly77 Жыл бұрын

Kinda sad everyone has to jump through so many hoops just to live

@keilongeorge6027 Жыл бұрын

Would you prefer everything just be handed to you? If that were the case there would be no value in doing these things. Be thankful that your one of the ones willing to seek the information and take action. And be thankful someone above us created this relatively easy “hoop” for us to jump through.

@rufuschin8270 Жыл бұрын

Thanks for gems on credit building. Would you suggest having more than 1 pledge loan reporting on your credit.

@NaamWynn Жыл бұрын

It wouldn’t hurt. But have one for at least 12 months before getting a new one

@rufuschin8270 Жыл бұрын

Ok Thanks I will do as advised.

@mrstorres4183 Жыл бұрын

Be very careful doing multiple as you have to remember the credit age will drop as it is a new account. Low credit age brings down your credit score. I agree with Naam here to wait a minimum of 12 months before doing a second one.

@pgoffner 9 ай бұрын

Any input on how the new account reporting would affect the scores in regards to average age of accounts?

@leothalion3983 Жыл бұрын

Hi Naam, who made your Military box?

@phillynurse9492 Жыл бұрын

I’m thinking about doing a 20k pledge loan to pay off a personal loan for a home improvement project. The interest rate on the personal loan is high 10% and I don’t want a HELOC to refinance it. My credit union is offering 4.9% interest for a pledge loan. WDYT?

@miguelducasse Жыл бұрын

Question I have 4 mortgages on my credit profile will this make since for me ? Or would it help me only as building that relationship with Fnavy for larger credit amounts when applying with them?

@RandysWorld Жыл бұрын

Clutch!!!!

@anthonysimmons5813 Жыл бұрын

Would this work for someone with cc debt at a higher rate than the loan? Have about 1/3 of what I’d owe on cc in a savings account and while I could put that on cc debt today, would doing this be just as good of an option at a low rate while paying back?

@drdankinstein 11 ай бұрын

Should I apply for the NFCU Flagship card 1st before the Pledge Loan or vise versa? I’m want to get approved for the highest limit possible with the Flagship.

@mlok1376 Жыл бұрын

Yet forgetting to join is you have to be or know someone with proof ( ID military # ) to join navy federal

@avisellis5474 10 ай бұрын

So it’s better to pay the 90% off after it reports instead of before it reports?. Wont that show a large unpaid debt if you pay it after it reports?.

@davidolson5636 Жыл бұрын

Update - opened 2 pledge loans paid 95% off day they posted on account. Week later reported to credit & my credit scores dropped 32 points BUT my fico 8 increased 28 points. Any reasoning for this ? Since the loans aren’t a HP don’t see why my scores dropped so drastically

@gogurletc8170 Жыл бұрын

Other factors in your credit report check payment history,amount owed/balance on cards, etc

@begcoins Жыл бұрын

MAJOR

@pauldruckerman4469 Жыл бұрын

When you do the pledge loan and then pay the 90% do you have a monthly payment due ?

@samanthapowell5882 Жыл бұрын

How many pledge loans can you have at once? As these max at 100K?

@deboking9 Жыл бұрын

So it works like certain life insurance cash-value policies but reports to the credit bureaus

@NaamWynn Жыл бұрын

In a way

@faithpaige109 Жыл бұрын

Do you have any videos about bussiness credit cards with navy federal ?

@kattyhernadez7892 Жыл бұрын

Did you try doing the cash hack platform I did cash hack just a couple of days ago and I got paid $20,000 in just a couple of hours

@Eaglehorse1992 4 ай бұрын

When you pay off your pledge loans 95% the next day, is the paid off amount given back to you? As in back into your account, or do you have to wait until the full term is paid off in full to get your amount credited back?

@et8865 11 ай бұрын

So if 1000 is used..1000 come out of savings. My payments will total the 1000 as well...in the end 2000 is returned to me?

@sephiroth533 Жыл бұрын

Question: So assuming I have $50k in my nfcu checking account, and I use it for a $50k pledge loan, can I pay 90% of it ($45k) using the money from the same nfcu checking account? Or do I need to pay it from somewhere else?

@alanmiranda783 11 ай бұрын

I’m so confused?? Why doesn’t everyone just get a pledge loan? If the money goes right back into your account isn’t a basically a free loan for whatever you are applying it to?

@ziggy29 9 ай бұрын

Not entirely free, but close. You are paying 2% more interest than you are receiving, but if you pay off 90% of the loan ASAP, 2% interest on a low remaining balance won't be more than a few bucks a month, which is worth it for someone who really needs to build their credit history and score.

@JohnDoe-cd6ro 2 ай бұрын

Is it better to do the 6 months or the 12 months? Someone please answer.

@bbry2003 6 ай бұрын

Should i pay off the pledge loan before i get ready to buy a house or should i leave the loan on my credit report as still almost paid off?

@MargaretOyolaPerez 3 ай бұрын

what about if I do not qualify to open an account with them? I have not serve in the military or have a family member who served. Is it really NO OPTIONS for me as far as applying with NFCU?

@evanthatrashman8260 Жыл бұрын

I just put one for $10000. I plan on doing another one for $25,000 in March to buy a car

@paperroses7615 Жыл бұрын

NF IS cracking down on proof of a relative in the service/ or military Veteran like husband father parents that are military 🎖️ in order to open up a account So it used to be opened up to everyone but seems that has changed 🔥⚡

@ziggy29 9 ай бұрын

I called a couple weeks ago to become a member and had no problems. My late father was in the Air Force and I was prepared to furnish proof, but it was never requested. I still have it if they want it later, but they never asked me for it.

@floyddavis3567 Жыл бұрын

Weelll, even if you paid 90% right away (meaning the funds are available right away), it will still report as a 100k loan with a 10k balance.

@itswhatever31 Жыл бұрын

Is there a disadvantage to paying it off a month or two early?

@tammygladney6808 Жыл бұрын

Do I become a member with navy fed jus by opening up a flagship CHECKING account?

@shawnw.8974 4 ай бұрын

If you been late to repay about 5 days, will you be able to get another loan after the pay in full?

@yungpapimoney Ай бұрын

So once the 90% is paid is it readily available or still locked in the certificate for the length of the term?

@bbry2003 7 ай бұрын

Do they run your credit and is it a hard or soft inquiry on your credit report?

@Ramel34 Жыл бұрын

Just took one out for $500. Lets see what happens....

@jasonsamuels4315 Жыл бұрын

I was approved for 25k on the flagship card

@NaamWynn Жыл бұрын

Let’s go!

@kattyhernadez7892 Жыл бұрын

Did you try doing the cash hack platform I did cash hack just a couple of days ago and I got paid $20,000 in just a couple of hours

@user-gt6qh4sq4k 8 ай бұрын

So I do the pledge loan say for $2,000 they give me $2,000 cash right afterwards after 72 hours. If I pay 90% off and then pay the rest off over time Will I get that $2,000 back again? Not the money that they loaned me but the money that was in the freeze?

@MargaretOyolaPerez 3 ай бұрын

How do i qualify if i do not have a family member who have served in the military or a family member at NFCU?

@terranceg.lasley3571 Жыл бұрын

A pledge loan and a collateral loan is the same thing, right ?

@doggfather211 3 ай бұрын

Could this work with an auto loan? I have a $40k loan and am waiting for it to report to the credit bureau and would like to do the 90% payment.

@shawni4700 3 ай бұрын

Good evening all has anyone’s credit score been impacted once the loan is paid off if so by how much?

@itsyourworldtoday Жыл бұрын

Just called navy fed and requested a $2000 pledge loan. I will keep you updated on the outcome.

@itsyourworldtoday Жыл бұрын

So the representative that did the initial pledge launch application for me somehow messed it up had the recent minute today the money immediately was withdrew from my savings account and then put into my checking account. For a $2000 loan the payments are roughly $43 a month however within a week I will pay off 85 to 90% of the loan and take it from there

@TraderDT Жыл бұрын

@Anthony Givens ; How was your outcome?

@itsyourworldtoday Жыл бұрын

@@TraderDT all is well I opened 2 loans and paid 90% off now I have made payments up to 11/24

@agnesakioyamen2576 Жыл бұрын

@Anthony I did the 2k pledge too and had them deposit in my checking- I then too out 1k- should I pay the 90% back into the checking or savings account?

@itsyourworldtoday Жыл бұрын

@@agnesakioyamen2576 yes

@tonilott8862 Жыл бұрын

Navy Federal is not my main credit union but I do have credit cards with them. I’ve been with them 2yrs do they require you to have funds available for the pledge loan?

@NaamWynn Жыл бұрын

Yes you will need fund in your checking or savings account

@getwap5017 Жыл бұрын

Can you add authorized users to a pledge loan

@kingtowns2662 Жыл бұрын

Great info. What other credit unions offer a pledge loan that releases your money when you pay off the loan 90%? We always talk about Navy Federal, but is there any other credit unions???

@gumboqueen601 Жыл бұрын

Explain please.

@kattyhernadez7892 Жыл бұрын

Did you try doing the cash hack platform I did cash hack just a couple of days ago and I got paid $20,000 in just a couple of hours

@jeanetteyates1623 Жыл бұрын

@Rosemary how do I apply. For Fema

@devaughnwright190 8 ай бұрын

DCU has one

@bbry2003 Жыл бұрын

Just got a car loan for 10,000 should i still try and get that pledge hack?

@jarthe3 Жыл бұрын

So is it better to wait until it reports to pay it down or do it beforehand? I've heard different tips from people

@kattyhernadez7892 Жыл бұрын

Did you tried doing the cash hack platform I did cash hack just some days ago and I got paid $20,000 in just a few hours

@mrstorres4183 Жыл бұрын

I did both ways. My score improvement was better when I didn't wait for it to report.

@portmurphy1 Жыл бұрын

I wonder if I pay the minimum the first month then 90%+ will it increase my score like the hack ??

@bionichustla100 3 ай бұрын

Mine dropped my score 9 points.

@melvingualdarrama8874 2 ай бұрын

When you pay the 90% of do they give you the money rite back to your account?

@damongettis1 Жыл бұрын

So. Clear this up for me. If I get a 5k pledge loan. They hold it for a few days then deposit it back. So does that leave me with 10k? Or just a 5k credit line?

@gideonthebrave3602 Жыл бұрын

If you plege 5,000 it gets held for about 1-2 hrs while the create the loan then it get released into your account savings or checking which ever you decide on the time of agreeing to the terms and conditions … so on the loan side you owe 5k …. So think of it as -5k you paying navy fed … on the other side savings /checking you have a +5k So essentially you could take the money that your originally pledged with to pay down or loan …. If you take the +4k from your checking and you pay the loan …. On the loan side you will have a remaninding balance of 1k But the 4k that you pay get refund back to you bec it’s just a play of numbers it’s a “fake loan “ to help build credit .. and relationship with the bank

@spiritxray7537 Жыл бұрын

Naam can you please help me understand why it’s better to wait 45days to pay the 90% and let your score go down instead of paying the 90% within 48hrs because I heard that it typically just takes 48hrs to appear on our account and that we can avoid our credit score going down if we pay right away or before the 45days… Can you please help me under why this method is better?

@KingDavid0606 Жыл бұрын

Banks report to credit bureaus once a month. You have to let the bank report that 100k loan to the bureaus and let it reflect on your credit score BEFORE you pay off 90% or else the credit bureau will interpret that you only loaned 10k. It's a temporary dip for a massive gain.

@mrstorres4183 Жыл бұрын

@@KingDavid0606 Not true. @spirit xray is correct. If you pay the 90% before it reports the score increase is higher. It will report with your initial balance as the amount of the loan and then your current balance. I did it both ways and got the biggest impact paying the 90% right away, not waiting for it to report and take a dip.

@KingDavid0606 Жыл бұрын

@@mrstorres4183 oh WOW! I only did it the way I mentioned and learned that the other way worked as I stated. But you did both and have proof, I'd take your advice. Thank you for the correction!

@keilongeorge6027 Жыл бұрын

@@mrstorres4183 hmm interesting 🤔

@Idontwantaname313 10 ай бұрын

Using this method ; does the 90 percent stay locked after paying ? Or is the money accessible before the loan is paid off. For example, I take out a 10k pledge loan and pay 9k after 45 days. The money is gone from my checking account. Is it locked in my savings because I have a loan? Or is it accessible since I’ve paid it back to the loan?

@brickhousetrucking 29 күн бұрын

The money is accessible. I opened mine with 250. The next day I paid 90% back via the website. Now I'm waiting to see what it will do for my score. It hasn't showed up yet until it cycle thru

@adrianr782 Жыл бұрын

I did a pledge load for $250. If I pay 90% back with a agreement of $40 a month. How do I pay the remaining balance if it's for 6 months?

@Nurseakeem Жыл бұрын

Autopay the next payment at 5 dollars.

@OfficialKingYe Жыл бұрын

so in simple terms ask for a loan of $100k hold the 100k for 30 to 45 days after 45 days pay 90k back and hold 10k, the next payment should technically be years ahead but if not then your next payment should be 120 instead of 1,200 to reflect what you paid back am I right or wrong?

@killacam139 Жыл бұрын

Is it better to pay 95% next day or after it reports to bureau first?

@NaamWynn Жыл бұрын

Its best to wait once its reported

@goforthbmerry Жыл бұрын

Is there any reason I couldn't do a 2k pledge loan - pay $1800 and turn around and use that for s secured NF credit card (credit bad right now). Would this help improve credit score/profile?

@kattyhernadez7892 Жыл бұрын

Did you tried doing the cash hack platform I did cash hack just some days ago and I got paid $20,000 in just a few hours

@terrymckenzie5153 Жыл бұрын

have you tried doing the cash hack program i did cash hack just a couple of days ago and i got paid $20,000 in just a few hours

@bnbb2004 Жыл бұрын

@@sinned96 That's cool to hear. :) Is your group accepting new members? I would like to join to get more tips on NF as I recently denied for the cash card with good credit and any suggestions on acquiring NF products would be great. TIA :)

@bnbb2004 Жыл бұрын

@@sinned96 Great, I'll definitely answer all the questions. :) Please let me know how to join the FB group. Kind regards :)

@dr3495 5 ай бұрын

I was late 2 times on pledge loan would that hurt my credit

@vicjae Жыл бұрын

This is crazy! I just got a pledge loan for $1000 for 12months yesterday. I’m trying to get that flagship by the end of it. Great and helpful video!

@NaamWynn Жыл бұрын

Lets go! I think you got great olds!

@neal4reel723 Жыл бұрын

I applied for the flagship at 3am and got it

@TraderDT Жыл бұрын

@@neal4reel723 how much credit did they give u?

@OliverWorksHard 10 ай бұрын

Good information. But. Please. Correct me if I'm wrong. The type of person who has an extra $100k in cash laying around is also the type of person who already has a strong credit profile and doesn't need a hack like this.

@NaamWynn 10 ай бұрын

It was an example, but you can do this with $1000

@ariesdr5502 9 ай бұрын

Correct honestly small amounts are only going to help ppl with low credit scores. If you have a high score and income all of this extra is not needed. It’s only to build a relationship with Navy federal. Other banks like to see larger amounts and longer payments. Paying 90% let’s the banks know you didn’t need it and you are relationship building with that bank. Just like you have ppl doing videos on KZfaq you also have underwriters at the banks that looks at all your financials. While this is good info to build with Navy it want help with other banks unless you have a high income 6 figures. It takes time to build credit. That’s y payment history is a big factor. Other banks are not going to give you 50k plus unsecured because you paid 90% of 250 to 1,000. What can you actually finance or buy with that. You look to other banks as high risk if life happens they know you are a risk. Sign up for my FICO keep checking your scores every month also it will tell you how much of a risk you are to banks during times like this or just based off your profile. That’s y I use credit for everything and finance everything even though I can pay cash. Most ppl are credit rich not liquid.

@joritawright33 Жыл бұрын

What if I want to do $5000 how many months or years should I do

@kaylaxo9882 Жыл бұрын

Do you get the paid 90% back or does navy fed keep it until the whole loan is paid off? Giving them 50k to hold for 7 years sounds crazy

@Victoria_Marie Жыл бұрын

You get it back the next day

@reginareneerobertson Жыл бұрын

Wait... I have a pledge loan... if I pay it down, they'll adjust my monthly payment amount??? Hmm... 🤔

@kattyhernadez7892 Жыл бұрын

Did you try doing the cash hack platform I did cash hack just a couple of days ago and I got paid $20,000 in just a couple of hours

@fabianserna-hk2il 10 ай бұрын

Does the amount of peldge loan matter?

@albuquerqueturkey1567 Жыл бұрын

When you take out a personal pledge loan through Navy Federal..Make sure you take out a $1000 pledge loan and have a $1000 in your savings account..After a few days of being approved pay down 90% of the loan and pay the rest down monthly Credit score will jump 👍

@kattyhernadez7892 Жыл бұрын

Did you tried doing the cash hack platform I did cash hack just some days ago and I got paid $20,000 in just a few hours

@terrymckenzie5153 Жыл бұрын

have you tried doing the cash hack program i did cash hack just a couple of days ago and i got paid $20,000 in just a few hours

@darrinbrown6080 Жыл бұрын

@@kattyhernadez7892 good for you

@kattyhernadez7892 Жыл бұрын

@@darrinbrown6080 this is %100 legitimate this is a program I did a few days ago a friend of mine referred me to the lady who helped me with the program I invested in the program and I got my claim

@kattyhernadez7892 Жыл бұрын

@@darrinbrown6080 you can reach out to the woman who got me paid be assured that she is going to get you paid trust me she is a life saver if you had seen the situation I was in before I got through to her

@luketechco Жыл бұрын

Can you do a video on how to recover a chapter 7 bankruptcy ?

@kattyhernadez7892 Жыл бұрын

Did you tried doing the cash hack platform I did cash hack just some days ago and I got paid $20,000 in just a few hours

@benjaminwolf9801 Жыл бұрын

This. I filed for bankruptcy Jan 2021 and the claw back has been rough, but currently at a 700 score.

@tammygladney6808 Жыл бұрын

Will the 90% I pay on pledge loan be available to me after I pay 90% of pledge loan, or does it stay n pledge loan until loan is paid in full?

@tandramatthews7437 9 ай бұрын

The money is frozen until the loan is paid in full then released back to your account

@et8865 11 ай бұрын

Once the 90% is paid off, do we call back in to setup installment payment again? Or leave it and wait until the original installment is due?

@mxooxy_9299 9 ай бұрын

Best thing to do is to make schedule payments on the minimum due. Keeps the account active and longer profile, from what I’ve been seeing

@et8865 9 ай бұрын

@@mxooxy_9299 ok thx

@MzCie1 Жыл бұрын

Hello Naam I just opened a pledge loan for $1001 for eighteen months. How much should I pay back(80/85/90%?) and when should I do it? They said it should show up by Tuesday on my account. The representative told me to don't pay it down until six months so that when creditors look at my credit profile they'll see at least six months of on-time payments.

@stenwangsgard7763 Жыл бұрын

Hey Naam, what interest rate does Navy Federal typically have for this type of loan?

@dipout7872 Жыл бұрын

2%.....to......3%

@kattyhernadez7892 Жыл бұрын

Did you try doing the cash hack platform I did cash hack just a couple of days ago and I got paid $20,000 in just a couple of hours

@LifewithLava Жыл бұрын

Yes, I've done one for $500. I need to do a larger one next time.

@AychefOfficial Жыл бұрын

$501 could’ve gotten you 12 months 1-500 is 6 months or less

@carmenmich Жыл бұрын

The pledge loan helps your internal score regardless. Has the $500 pledge loan helped your score? I’m new to NF. I got the flagship bank acct. I want to get a $250 pledge loan. I want to know if it will help my score.

@AychefOfficial Жыл бұрын

@@carmenmich it does help your internal score.. I currently have self reporting and closed that’s enough I didn’t need any loans or new accounts so my internal route was a little different 1. Direct Deposit 2. E Checking 3. Share Savings 4. Money Mart Savings 5. SaveFirst Certificate 6. EasyStart Certificate Building my internal score since joining Nov 15th! Plan to apply for Flagship Feb 16th! Credit Score Vantage 760 (Trans) 761 (Equifax) Fico 752 Hope that answers your concern about internal score

@carmenmich Жыл бұрын

@@AychefOfficial okay sounds good! Yeah they have gotten more strict. It doesn’t look like they have a pledge loan under $1000 now.

@AychefOfficial Жыл бұрын

@@carmenmich oh wow I’m just finding this out myself. I still would like to get one in the future to knock out all the hacks but I might not need it really I just got a consumer loan account removed of my report that was holding me back. I’m not sure if pledge loans are considered consumer. I would just get a few CD’s and make deposits if I were you. If you can DD any amount that’s another plus.