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PENFED (any chance)

New Member

PENFED (any chance)

I've read lots of goodies in this forum abt Penfed esp. gas rebates, low apr, etc but jst afraid to try with them. I got bk in 07 disch. & have slowly rebuilt my cs now @ 660/ 690 both FICO, any advice would be appreciated. Thnks.

5 REPLIES
Frequent Contributor

Re: PENFED (any chance)

Penfed is VERY conservative.  They strongly dislike public records.  They denied me for a secured cc w/ficos in the mid-high 600s JUST b/c of a 7 yo tax lien, so I’m not sure they’d give you a cc w/a recent bk.
New Member

Re: PENFED (any chance)

Thnks & would not try them then if they don't like me who'd past record...they just miss a probable good & responsible borrower now Smiley Happy.  
Frequent Contributor

Re: PENFED (any chance)

Can you join usaa or nfcu or a local credit union (maybe alliant- but I’m not sure if they’re bk friendly)?  I was really turned off by penfed’s attitude…holding a 7 yr old baddie against me like I was some kind of criminal…I had more than enough on deposit w/them to cover a secured cc, but they gave me ‘no way, no how, not going to happen’ in return.  Seriously, denial for a SECURED cc?  Just didn’t make sense.  Oh well, USAA just gave me a secured cc + soon I will get 1 from NFCU.  Sometimes denials from 1 place turn into better things @ other places.

New Member

Re: PENFED (any chance)

dont know if I can bec Im not in service, I have CU chk/ sav acct & 4 post-bk CC with low utilz, 1 reason I ask PenF was I know they give high CL which that's primarily my target..high CL, anyone you recommend that I have a chance?

Highlighted
Senior Contributor

Re: PENFED (any chance)

PenFed does not give high CL unless you have excellent credit and income to justify.

 

 

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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