couldn't wait joined Penfed

[j_casteel]

Got accepted immediately (i'm sure everyone does)

I decided to go ahead and join, get some history and then apply for credit items in about 5mos. 

[j_casteel]

Question:

Do I have "nothing to lose" so to speak by apping for the Promise card seeing how my INQ will be the same pull they use for the 1st 90 days regardless, or should I just wait til 5-6mo which will put me at 6-7mo post bk7 discharge?

I was going to wait to join until I was ready to app but then thought it might be better to go ahead and establish some time with them. Not sure it matters one way or the other.

Scores are in siggy
AAoA is 6.5yrs
4 inqs on EQ mainly from recent auto
$90k salary

Got a recent Cap1 auto loan not yet reporting and a Cap1 CC with $3k limit not yet reporting.

Thoughts?

[Scupra]

Your assumption is correct Since they use the same pull there is no harm

[j_casteel]

Ok, decided to app since I had nothing to lose. 

declined due to BK and not enough established recent credit. 

I filled out the survey they sent me with an explanation and a request of reconsideration. 

We'll see what they have to say. 

I'm not too worried about it, and 100% don't mind and understand if I need to wait ~6mo or so. 

[TXinandout]

Sorry about that. I've read they are more flexible with finance/re-finance auto loans. You might want to give a try since you have the HP already, also the Thrifty Line of credit (I've seen a buch of people get approved for $500).

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@j_casteel wrote:

Ok, decided to app since I had nothing to lose. 

declined due to BK and not enough established recent credit. 

I filled out the survey they sent me with an explanation and a request of reconsideration. 

We'll see what they have to say. 

I'm not too worried about it, and 100% don't mind and understand if I need to wait ~6mo or so. 

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[washpadude]

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@Scupra wrote:

Your assumption is correct Since they use the same pull there is no harm

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Not always correct. I had three HPs from Penfed in one week in December.

[Scupra]

As with all credit, YMMV. General consensus is that PenFed will use the same pull. What happened with your situation? That sucks!

[washpadude]

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@Scupra wrote:
As with all credit, YMMV. General consensus is that PenFed will use the same pull. What happened with your situation? That sucks!

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First pull was for an auto refi. Instant online approval. After that I figured Penfed was warming up to my credit profile, so I apped for the Promise Visa. It was denied and came with a second HP. So, first two were about an hour apart. The third came three days later when I applied for a checking account.

[Scupra]

Wow, almost sounds like NFCU haha!