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6 Month PenFed probation.

Super Contributor

Re: 6 Month PenFed probation.

I'm not a DOD employee.  My hold lasted a little more than 10 days for the first month only.  Now there's no hold on my payments. 
Message 21 of 29
Contributor

Re: 6 Month PenFed probation.

-I am DoD.

-I have a LOC with PenFed (since day 1), and they most recently softed me 9/10.

 

7/16/09 - EQ 684, TU 691

7/25/09 - EQ 682 (-2) 7th INQ did it.
8/21/09 - EQ 684 Bounced back from the Inq even though none expired. There was a new credit account opened on the same day. *shrug*
10/23/09 - EQ 691
Message 22 of 29
Senior Contributor

Re: 6 Month PenFed probation.


lphelps wrote:

-I am DoD.

-I have a LOC with PenFed (since day 1), and they most recently softed me 9/10.

 


 

Everyone with a PenFed credit account of some kind is regularly softed.
Message 23 of 29
Senior Contributor

Re: 6 Month PenFed probation.

Many banks and CCC's take a soft each month in conjuction with reporting that month to the CRA, at least that is the way mine is with quite a few accounts....every month shows a soft around the same time as my account update.

 

IME

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Message 24 of 29
Highlighted
Senior Contributor

Re: 6 Month PenFed probation.


txjohn wrote:

Many banks and CCC's take a soft each month in conjuction with reporting that month to the CRA, at least that is the way mine is with quite a few accounts....every month shows a soft around the same time as my account update.

 

IME


 

Quarterly softs is probably more normal. They have you under pretty close surveillance, txjohn. Might have something to do with all those high CL's!  Smiley Wink
Message 25 of 29
Super Contributor

Re: 6 Month PenFed probation.


creditwherecreditisdue wrote:

lphelps wrote:

-I am DoD.

-I have a LOC with PenFed (since day 1), and they most recently softed me 9/10.

 


 

Everyone with a PenFed credit account of some kind is regularly softed.

I've had my PenFed Visa ever since August.  I haven't been softed as of yet.  Maybe they're waiting until my current report with them expire after 90 days. 

Message 26 of 29
Senior Contributor

Re: 6 Month PenFed probation.


creditwherecreditisdue wrote:

txjohn wrote:

Many banks and CCC's take a soft each month in conjuction with reporting that month to the CRA, at least that is the way mine is with quite a few accounts....every month shows a soft around the same time as my account update.

 

IME


 

Quarterly softs is probably more normal. They have you under pretty close surveillance, txjohn. Might have something to do with all those high CL's!  Smiley Wink

 


creditwherecreditisdue wrote:

txjohn wrote:

Many banks and CCC's take a soft each month in conjuction with reporting that month to the CRA, at least that is the way mine is with quite a few accounts....every month shows a soft around the same time as my account update.

 

IME


 

Quarterly softs is probably more normal. They have you under pretty close surveillance, txjohn. Might have something to do with all those high CL's!  Smiley Wink

 

This has been ongoing for me going back over a year, in fact showing back to 2007 (as far as it keeps the record).

 

BoA, CapOne and others....for a long while have kept up on me pretty much every month.  Some months show multiple softs.  The more recent CU's don't seem to soft as much, but all of my big bank cards did and do.

 

To date the only AA I have suffered is the CLD and then closure of WAMU/Chase this month. 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Message 27 of 29
Super Contributor

Re: 6 Month PenFed probation.

Apparently the 10 day holding is back on my account.  Last month when I paid the balance there was no hold on available credit.  This month my payment is not immediately reflected in my available credit .
Message Edited by DI on 12-03-2009 08:06 AM
Message 28 of 29
Senior Contributor

Re: 6 Month PenFed probation.

I guess you just got the benefit of a glitch or lucked out last month.

 

Smiley Indifferent

 

But, it should resolve after 6 months.  Mine did.  Now when I make a payment, it posts and credits at midnight that night.

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Message 29 of 29