{"id":91849,"date":"2024-03-20T10:31:58","date_gmt":"2024-03-20T10:31:58","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=91849"},"modified":"2024-03-20T10:31:58","modified_gmt":"2024-03-20T10:31:58","slug":"does-navy-federal-pre-approval-auto-loan-affect-credit-score","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/does-navy-federal-pre-approval-auto-loan-affect-credit-score\/","title":{"rendered":"Does Navy Federal pre-approval auto loan affect credit score?"},"content":{"rendered":"

Does Navy Federal pre-approval auto loan affect credit score?<\/p>\n

When it comes to securing financing for a vehicle, many borrowers inquire about pre-approval auto loans, particularly from reputable institutions like Navy Federal Credit Union. One common concern among potential borrowers is how obtaining a pre-approval auto loan might impact their credit scores. Let’s delve into this matter to provide a clear understanding.<\/p>\n

Applying for a pre-approval auto loan from Navy Federal, or any financial institution, generally involves a “soft inquiry” or “soft pull” on your credit report. This means that the lender is only accessing limited information from your credit history to determine your eligibility for pre-approval. A soft inquiry does not affect your credit score. Only “hard inquiries” or “hard pulls,” which occur when you submit a formal application for credit, have the potential to impact your credit score.<\/p>\n

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