Pledge Loan hack · Cloud Residents

Pledge Loan hack

Hi everyone,

I have a question about the Navy Federal pledge loan strategy.

Does a pledge loan affect credit utilization in the same way a credit card balance does? For example, if I take out a $10,000 pledge loan and only have a $1,000 credit card limit, would that make my utilization appear as 90% or otherwise negatively affect my credit profile for a long time?

I’d appreciate it if someone who has actually done this could explain how it showed up on their credit report and whether it had any impact on their score.

Thank you.

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