Reply
Valued Member
creditstarved
Posts: 34
Registered: ‎07-26-2010
0

Re: PenFed Refi Odds

[ Edited ]

Nice! Thankfully PenFed uses NADA which values my car above what I owe on it (just barely by ~$1,100).

 

I was asked to provide my two most recent pay stubs for income/employment verification. Just finished emailing them off to the provided address tonight. Hopefully I'll have good news tomorrow. My fingers are crossed.


Starting Score: EQ FICO 773 (Jan. 2013)
Current Score: EQ FICO 783 (Feb. 2013)
Goal Score: EQ FICO 850

What's in my wallet? Chase Freedom - 1.9k || Chase United Explorer Signature Visa - 8.5k || Chase Priority Club Select Signature Visa - 5.9k || Citi Platinum Rewards - 4k || Citi Simplicity - 9.1k || GE Capital/Ashley Furniture 3.5k || Penfed Rewards Visa - 5k
Valued Member
Jkusa
Posts: 38
Registered: ‎10-15-2012
0

Re: PenFed Refi Odds

Hope you get it!!!!

src="http://ficoforums.myfico.com/fico/i/custom/FFC_Icon.gif">Starting Score: 652
Current Score: EQ 685 TU 683 EX 699 (their sites FAKO) all as of 03/02/13
Goal Score: 700


Take the FICO Fitness Challenge
Valued Member
creditstarved
Posts: 34
Registered: ‎07-26-2010
0

Re: PenFed Refi Odds

Approved today! :smileyvery-happy:


Starting Score: EQ FICO 773 (Jan. 2013)
Current Score: EQ FICO 783 (Feb. 2013)
Goal Score: EQ FICO 850

What's in my wallet? Chase Freedom - 1.9k || Chase United Explorer Signature Visa - 8.5k || Chase Priority Club Select Signature Visa - 5.9k || Citi Platinum Rewards - 4k || Citi Simplicity - 9.1k || GE Capital/Ashley Furniture 3.5k || Penfed Rewards Visa - 5k
Valued Member
Jkusa
Posts: 38
Registered: ‎10-15-2012
0

Re: PenFed Refi Odds

Congrats!!!! I got my check last wednesday, on thursday I sent it overnight to Cap1. Checked online today and my Cap1 auto loan balance is zero. 

 

Really a very easy process

src="http://ficoforums.myfico.com/fico/i/custom/FFC_Icon.gif">Starting Score: 652
Current Score: EQ 685 TU 683 EX 699 (their sites FAKO) all as of 03/02/13
Goal Score: 700


Take the FICO Fitness Challenge
Valued Member
creditstarved
Posts: 34
Registered: ‎07-26-2010
0

Re: PenFed Refi Odds

So far so good! I just need the check - they said it would be in the mail today. We'll see.

 

I spoke with a Cap1 CSR about the title transfer and she said it will be sent directly to them. How do they know where to send it? Are there instructions that PenFed provides when they mail the check?


Starting Score: EQ FICO 773 (Jan. 2013)
Current Score: EQ FICO 783 (Feb. 2013)
Goal Score: EQ FICO 850

What's in my wallet? Chase Freedom - 1.9k || Chase United Explorer Signature Visa - 8.5k || Chase Priority Club Select Signature Visa - 5.9k || Citi Platinum Rewards - 4k || Citi Simplicity - 9.1k || GE Capital/Ashley Furniture 3.5k || Penfed Rewards Visa - 5k
Valued Member
Jkusa
Posts: 38
Registered: ‎10-15-2012
0

Re: PenFed Refi Odds

[ Edited ]

You'll get the following in your package:

 

1.)Promissory Note that you'll need to sign and return to Penfed

2.)Loan Repayment Form that will be prepopulated with your checking account info that you'll need to sign and send to Penfed with the above

 

3.) Check made out to the current leinholder that you'll need to endorse

4.) Authorization for payoff and demand for certificate of title that you'll need to fill out and send, with the endorsed check, to you current leinholder.

 

5.)Form to send to your insurance company to have the leinholder changed to PenFed and to have them send a copy of the updated policy delcaration page to Penfed. I called my insurance company after the Cap1 account showed a zero balance and did this part over the phone.

 

Other than that they include a couple of paymeent vouchers to use in case there's a delay in getting you payment book (do folks still use those?) or ACH set-up

src="http://ficoforums.myfico.com/fico/i/custom/FFC_Icon.gif">Starting Score: 652
Current Score: EQ 685 TU 683 EX 699 (their sites FAKO) all as of 03/02/13
Goal Score: 700


Take the FICO Fitness Challenge
Valued Member
creditstarved
Posts: 34
Registered: ‎07-26-2010
0

Re: PenFed Refi Odds

That's great info...thanks a bunch! I wish I had thought of refinancing sooner. All of that interest that Cap1 earned off of me...


Starting Score: EQ FICO 773 (Jan. 2013)
Current Score: EQ FICO 783 (Feb. 2013)
Goal Score: EQ FICO 850

What's in my wallet? Chase Freedom - 1.9k || Chase United Explorer Signature Visa - 8.5k || Chase Priority Club Select Signature Visa - 5.9k || Citi Platinum Rewards - 4k || Citi Simplicity - 9.1k || GE Capital/Ashley Furniture 3.5k || Penfed Rewards Visa - 5k

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}