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New Member
bbstps2dbtFREE
Posts: 3
Registered: ‎08-09-2008

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.

Frequent Contributor
creditreformer
Posts: 395
Registered: ‎04-25-2008

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
bbstps2dbtFREE
Posts: 3
Registered: ‎08-09-2008

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 :smileyhappy:.  
Frequent Contributor
creditreformer
Posts: 395
Registered: ‎04-25-2008

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
bbstps2dbtFREE
Posts: 3
Registered: ‎08-09-2008

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?

Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008

Re: PENFED (any chance)

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

 

 

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