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wrote:
PenFed doesn't use f8...
who cares, F9 is almost always higher for most, hers was 818 for it initial pull. go ahead and app, become your own datapoint
wrote:the only statistic with a doctor that matters is ones own, same for datapoints with credit. here is mine helping a friend last month with penfed. $200K in income, F8s touching 800 on 3B and they would not give her a single $500 card. I have one of my cars and a card through them and the hoops they wanted me to go through for being self-employed 3 years ago for a card was stupid. I have said it before and I will say it again, great for car loans and that is about it. marginal customer service. dealing with nfcu on any level proves this point. penfed's best years are behind them imo. oh, while I was on recon with them I got my friend a $25K everyday. also got her a cash+ and 2 other amex cards. amex is the reference point of easy imo, I love dealing with them almost as much as chase. good luck with your rebuild!
What was the reason for her denial B? I'm sort of surprised they denied her.
The one thing I've learned over the last couple of years visiting the forums is there's no guarantee of approvals no matter how high the income or scores are. There's something about her profile they didn't like. I get a kick out of folks trying to squeeze 5 more points out in order to grab a new CC. IME if they're are going to approve you. A few points won't make a difference. Same with a denial.
I've been denied with a 785 and approved with a 650. lol
wrote:
wrote:the only statistic with a doctor that matters is ones own, same for datapoints with credit. here is mine helping a friend last month with penfed. $200K in income, F8s touching 800 on 3B and they would not give her a single $500 card. I have one of my cars and a card through them and the hoops they wanted me to go through for being self-employed 3 years ago for a card was stupid. I have said it before and I will say it again, great for car loans and that is about it. marginal customer service. dealing with nfcu on any level proves this point. penfed's best years are behind them imo. oh, while I was on recon with them I got my friend a $25K everyday. also got her a cash+ and 2 other amex cards. amex is the reference point of easy imo, I love dealing with them almost as much as chase. good luck with your rebuild!
What was the reason for her denial B? I'm sort of surprised they denied her.
lack of credit card history. the car refi was fine, 2.49% no issue. 3 apps all declined. going to give them one more shot this month if they can do it under the same hp if her amex cards report. she only had a cc for a year and a car loan for over 2.5 years and she is 52 years old. she has been cash for decades. what can you do lol
wrote:
wrote:
wrote:the only statistic with a doctor that matters is ones own, same for datapoints with credit. here is mine helping a friend last month with penfed. $200K in income, F8s touching 800 on 3B and they would not give her a single $500 card. I have one of my cars and a card through them and the hoops they wanted me to go through for being self-employed 3 years ago for a card was stupid. I have said it before and I will say it again, great for car loans and that is about it. marginal customer service. dealing with nfcu on any level proves this point. penfed's best years are behind them imo. oh, while I was on recon with them I got my friend a $25K everyday. also got her a cash+ and 2 other amex cards. amex is the reference point of easy imo, I love dealing with them almost as much as chase. good luck with your rebuild!
What was the reason for her denial B? I'm sort of surprised they denied her.
lack of credit card history. the car refi was fine, 2.49% no issue. 3 apps all declined. going to give them one more shot this month if they can do it under the same hp if her amex cards report. she only had a cc for a year and a car loan for over 2.5 years and she is 52 years old. she has been cash for decades. what can you do lol
Ah, that's not uncommon. Folks believe scores with no history will get them what they want. lol
Just my opinion, I believe history will trump scores every time. I'd rather have a strong 740 with a long track record of payments. Than a 850 that is as fragile as a carton of eggs. lol
OP has a much better shot because he/she has the history of paying things on time.
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Gmood, in 10+ years of history I struggled for a year to a year and a half. I was forced (and without details I mean I literally had no better options) to double my debt while making half of what I currently make. This was 5 to 5 and a half years ago. Since then outstanding debts (-1) have been settled and I have had perfect on time payment history on 2 types of installment loans and multiple revolving accounts.
I understand, been there done that. I've had nearly every baddie you can think of..BK, Foreclosure, Repo, charge offs.
I had a foreclosure still on my file when I joined Penfed. They initially turned me down for an auto loan. I called them and explained my situation. The CSR put me on hold and talked to the LO. When she came back she told me congratulations you are approved. They gave me the best rate on a auto loan at that time, 1.99%. My score was around a 650. That's only been 3 1/2 years ago.
Nothing ventured, nothing gained! Never give in on a denial until you've exhausted all options.