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PenFed Update/Approved !!8k Recon/$8000 Final approval

Frequent Contributor

Re: PenFed asked for paystubs after app

I would say let it be and try again in 6 month. Regardless they gave you nice CL. Congratulations.

Message 61 of 77
Moderator Emerita

Re: PenFed asked for paystubs after app

Yeah, be happy and wait until your other accounts age. That's a nice CL albeit not as high as the others but still very good.
Message 62 of 77
New Contributor

Re: PenFed asked for paystubs after app


Zelaya wrote:

I would say let it be and try again in 6 month. Regardless they gave you nice CL. Congratulations.


Thank you Zelaya

Citi Bank X2/ 29k-USAA Amex/Mastercard 24k-PP Mastercard 20k_
WMDiscover 20k-PenFed X2/15k
Current Fico/EQ-765
Garden Time Day- 10
Remaining Days-170
Message 63 of 77
New Contributor

Re: PenFed asked for paystubs after app

Thanks LexieSmiley Happy

Citi Bank X2/ 29k-USAA Amex/Mastercard 24k-PP Mastercard 20k_
WMDiscover 20k-PenFed X2/15k
Current Fico/EQ-765
Garden Time Day- 10
Remaining Days-170
Message 64 of 77
Regular Contributor

Re: PenFed asked for paystubs after app


danielodonoll wrote:

Ok the status changed to Transferred

i called to see if the request for the 2 ND review was done and I was told that $ 8500 is what they able to do at this point and they couldn't match the other lines

She mention that I could request a cli on my other card that was opened on October 2012 since that card hits 6 months on April

 

I thank her politely for the consideration effort and that was it...........

 

Any suggestion on this?


I thought this would be the outcome.  Oh well...

 

Garden, garden garden, and come back in a year.  I think they may move then.  Remember that Penfed is pretty conservative (although there have been a rash of people on this board to sign up with them recently, myself included).


.......NPSL..…..…$28K….....….$25K.............$20K..............$20K..............$20K..….......$9.5K…........$7.5K.…........$9K..............$4.5K
Message 65 of 77
Regular Contributor

Re: PenFed asked for paystubs after app


danielodonoll wrote:

She mention that I could request a cli on my other card that was opened on October 2012 since that card hits 6 months on April

 

I thank her politely for the consideration effort and that was it...........

 

Any suggestion on this?


I think you are playing with fire, but I would try around the 6th to call and ask if they could increase that other card using the same pull, and than if and when you get that increase you can split your credit  lines the way you want them. You got nothing to lose if they want to do it with the same pull.....

 

But, bigger picture, unless you can really use it, don't  touch anything....

BOA Cash Rewards Visa Sig. 12K; BOA Travel Rewards Visa Sig 5K, US Bank Cash+ 11.5K, AMEX BCE 6200, AMEX BLUE Sky 7K, Chase Freedom Visa Sig. 5400, Fort Knox FCU Visa Platinum 2500; CAP ONE Cash Rewards WORLD MC 5K

Starting Score: 580
Current Score: 747
Goal Score: 800+


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Message 66 of 77
New Contributor

Re: PenFed asked for paystubs after app

i never worry about inquiries so i have no problems with hard pulls

Every hard pull that is done with the same lender counts as one/Inside source information/

I am not happy however with the approval procces and limit

 

Still thinking of canceling the new card or both cards

Citi Bank X2/ 29k-USAA Amex/Mastercard 24k-PP Mastercard 20k_
WMDiscover 20k-PenFed X2/15k
Current Fico/EQ-765
Garden Time Day- 10
Remaining Days-170
Message 67 of 77
Moderator Emerita

Re: PenFed asked for paystubs after app

@ danielodonoll wrote:


Every hard pull that is done with the same lender counts as one/Inside source information/

Uhh, I don't think this is accurate. Counts as one...for FICO?
Message 68 of 77
New Contributor

Re: PenFed asked for paystubs after app

Not for fico but from the lenders prospective I got approved for 20k  with Citi even though i have 14 ins in last 6 months

Now 6 of those are from Citi so no you don't really completely get denied base on the inquiries alone.

I was with Chase underwriting like 35 times on the phone and inquiries are not factored on the credit decision as long as you explain them

 

 

Citi Bank X2/ 29k-USAA Amex/Mastercard 24k-PP Mastercard 20k_
WMDiscover 20k-PenFed X2/15k
Current Fico/EQ-765
Garden Time Day- 10
Remaining Days-170
Message 69 of 77
Senior Contributor

Re: PenFed asked for paystubs after app

Cancelling? Come on, enjoy what you got and work from there. Another 6 mo and ask for CLI on both cards and go from there! What is half a year?
Message 70 of 77