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Is PENFED good for after BK

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Scupra
Super Contributor

Re: Is PENFED good for after BK

Boy has Penfed changed since this thread was started. They are definitely a bit more friendly now Smiley Happy

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 21 of 32
Vegas4Play
Valued Contributor

Re: Is PENFED good for after BK

I was reading this the other day thinking the same think Scupra

Fico 8's TU 756/ EQ 754/ EX 743- 8/2020// AAoA 5.7 years // Lines August 2020 = 619k Personal - Business 61k // Inquiries 6 TU - 0 Exp - 0 Eq.
Message 22 of 32
Scupra
Super Contributor

Re: Is PENFED good for after BK


@Vegas4Play wrote:

I was reading this the other day thinking the same think Scupra


Very crazy! I love seeing the old posts about Cap1 and how they NEVER give CLI's, oh how things change Smiley Very Happy

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 23 of 32
armymom
Regular Contributor

Re: Is PENFED good for after BK

How much credit history does Penfed like to see for approval?  I will be one year post discharge in October.  I'm looking ahead to April 2017 to apply for the Promise card.  I financed my current vehicle through them but it's been paid off for two years now.  Hoping that will weigh in my favor.

Filed BK 07/07/15 Discharged 10/07/15
Starting scores 11/2015 EQ 567 TU 487 EX 531
Current scores 02/2017 EQ 649, TU 642, EX 651

Cap 1 QS 5000 Cap 1 QS 6500, PenFed Promise 2500, NFCU GoRewards 8000 NFCU CLOC 4000
In the garden until 2018
Message 24 of 32
Scupra
Super Contributor

Re: Is PENFED good for after BK


@armymom wrote:

How much credit history does Penfed like to see for approval?  I will be one year post discharge in October.  I'm looking ahead to April 2017 to apply for the Promise card.  I financed my current vehicle through them but it's been paid off for two years now.  Hoping that will weigh in my favor.


People are approved as early as a couple months post d/c

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 25 of 32
ScottsdaleDad
Contributor

Re: Is PENFED good for after BK

I was approved a couple of days ago for Pen Fed membership and a Thrifty Line of credit for $500, and my discharge was May 2016. I have a Discover IT card for $1,400 and a share secured loan for $1,000 with another CU, approved post bk. My Fico EQ is 651, but PEN Fed told me the EQ score they used was 564. Not sure how I got the LOC approved with that score. 

Message 26 of 32
Namaste7
Established Contributor

Re: Is PENFED good for after BK

This is an extremely informative thread. Thanks to all who are data points.
~~MMXX~~
2024 Goal$
2023 Goal$
FICOs 760+
Message 27 of 32
OutOfBK
Established Member

Re: Is PENFED good for after BK

I just applied for the visa sig and was denied. Reason given was a bankruptcy present. I joined pen fed in 2013 right after my chapter 13 bankruptcy discharge. So, 4 years post bankruptcy is obviously still a problem with pen fed. My scores hover at around 697 or so with multiple inquiries.
Message 28 of 32
Anonymous
Not applicable

Re: Is PENFED good for after BK

Recon.....you should get a survey too. Let them know your disappointment. It has worked for many. I received a 7.5k prvs card from Penfed a little over 4 yrs file date, not through recon, but it can be done. 

Message 29 of 32
biglista88
Regular Contributor

Re: Is PENFED good for after BK

I was approved for an account and thrifty line on credit ($500), about 6 months post chapter 7. I was denied a LOC and promise visa at the same time. Score pulled was 609EQ.

Does anyone know if you can request a new credit pull whithin the first 90 days of joining? As my EQ Is currently 635 now.
REBUILD STARTED (AGAIN) 9/1/2023


Current Scores 3/3/24

“Breathing new life into a dead credit file”
Message 30 of 32
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