Tesla Credit Decision Pending

Congratulations on considering a Tesla! I understand that waiting for a credit decision can be nerve-wracking, especially when you’re excited about a new vehicle purchase.

When you apply for a loan or financing, such as the credit application for a Tesla vehicle, your application goes through several stages of review. “Credit Decision Pending” means that your application is being reviewed by the credit team, but a final decision hasn’t been made yet.

Here’s an overview of the process:

  1. Application Submission: This is when you complete and submit your credit application. In this application, you’ll provide various pieces of information, including your income, employment details, credit history, and more.
  2. Initial Review: Once you’ve submitted your application, it goes through an initial review. This review might be automated, checking for key points like whether you meet the minimum income and employment criteria, among other factors.
  3. Credit Check: The next step is a credit check. This is where your credit history is reviewed. This includes looking at your credit score, how much debt you have, your history of repayments, and any outstanding credit issues. It helps the lender assess the risk of lending to you.
  4. Further Review: After the credit check, there may be further review. This is where your “Credit Decision Pending” status comes in. During this time, the underwriting team may manually review your application, verify information, or request additional information. For example, they may need to verify your employment or income, which could involve contacting your employer or asking for recent pay stubs.
  5. Decision Time: Once the lender has all the information they need, they will make a decision. You’ll typically be notified of this decision via email or through your online account.

So, if your application status is “Credit Decision Pending,” don’t worry! It’s a normal part of the process. However, if it remains in this status for an extended period, you may want to reach out to Tesla’s financing department for an update. They can let you know if there’s any additional information needed to proceed.



  1. How long does a credit decision usually take? The time frame for a credit decision can vary depending on the lender, your credit history, and other factors. It can range from a few minutes to several days. If manual review or additional information is needed, it might take longer.
  2. What factors are considered in a credit decision? Factors that are often considered in a credit decision include your credit score, credit history, income, employment status, the amount of debt you currently have, and the size of the loan you’re requesting.
  3. What does it mean if my credit decision is pending for a long time? If your credit decision is pending for a long time, it may mean that the lender needs more time to review your application, they’re waiting on additional information, or they have a high volume of applications to process.
  4. Can I speed up the credit decision process? While you can’t directly speed up the lender’s process, ensuring that all your information is accurate when you apply and promptly responding to any requests for additional information can help avoid unnecessary delays.
  5. What happens if my credit application is denied? If your credit application is denied, the lender will typically provide a reason for the denial. Common reasons include low credit score, high debt-to-income ratio, or insufficient income. If you’re denied, you may want to consider other financing options or take steps to improve your credit before reapplying.
  6. Can I apply with a co-signer if my credit isn’t great? Yes, applying with a co-signer who has strong credit could potentially help you get approved for the loan. The co-signer essentially agrees to take responsibility for the loan if you’re unable to make the payments.
  7. What if I have further questions about my application? If you have further questions about your credit application, the best course of action is to contact the lender directly. They can provide the most accurate information about your application and their decision process.


Page 10page 11page 12page 13