Navy Federal Pledge Loan Hack (INCREASE CREDIT SCORE)

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!

[CesarJoel]

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.

[berrytrenzy]

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

[mrstorres]

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.

[killacam]

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

[jezbelly]

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!

[thorisburt]

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 !

[EdKaneInternationalMale]

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

[gumboqueen]

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

[dana]

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

[nextnameinhorror]

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

[Wiiam]

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.

[jamesnap]

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

[darkktint]

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.

[albuquerqueturkey]

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 👍

[Wordlyfe]

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

[zacharisatosha]

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

[phillynurse]

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?

[sephiroth]

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?

[mrmentorcreditjamz]

Hey Naam…. Would you recommend the everyday checking or the flagship?

[killacam]

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