http://ficoforums.myfico.com/t5/Auto-Loans/PenFed-Refinance-Questions/m-p/1828299#M27563 <p>PenFed usually looks for 2-4 years of perfect payment history as far as current auto loans on your record are concerned. A strong payment history is necessary and a low CU is a must although the specifics are more than sketchy. That is the basic straightline of the matter. A buddy of mine got denied with a CU of 5 percent while on the other hand, I tried for the same deal and got approved for $50,000 at 1.99 percent for 5 years. My CU was 15 percent. The only difference was that my buddy had a BofA charge off on an auto loan from 3 years ago.</p> Wed, 23 Jan 2013 05:44:59 GMT Barris 2013-01-23T05:44:59Z http://ficoforums.myfico.com/t5/Auto-Loans/PenFed-Refinance-Questions/m-p/1819963#M27490 <p>I have a quick question for anyone that has been approved for penfed autoloans or have experience is there anything penfed is looking for Right now I have about 2years and 6 months of credit history no new account or inquires within last 1 year 4 months and I have 5 credit cards and 1 installment loan and 1 autoloan which Im trying to refinance my utilization is around 30%</p> Fri, 18 Jan 2013 17:30:47 GMT http://ficoforums.myfico.com/t5/Auto-Loans/PenFed-Refinance-Questions/m-p/1819963#M27490 92SelfMade 2013-01-18T17:30:47Z http://ficoforums.myfico.com/t5/Auto-Loans/PenFed-Refinance-Questions/m-p/1828299#M27563 <p>PenFed usually looks for 2-4 years of perfect payment history as far as current auto loans on your record are concerned. A strong payment history is necessary and a low CU is a must although the specifics are more than sketchy. That is the basic straightline of the matter. A buddy of mine got denied with a CU of 5 percent while on the other hand, I tried for the same deal and got approved for $50,000 at 1.99 percent for 5 years. My CU was 15 percent. The only difference was that my buddy had a BofA charge off on an auto loan from 3 years ago.</p> Wed, 23 Jan 2013 05:44:59 GMT http://ficoforums.myfico.com/t5/Auto-Loans/PenFed-Refinance-Questions/m-p/1828299#M27563 Barris 2013-01-23T05:44:59Z