PenFed Advice

[Dustink]

I want to help my mother get the Penfed promise card at the end of the year. What would you recommend she do before then to get her reports looking good to Penfed?

[fittiger]

I imagine current details of her reports will be helpful.

[Dustink]

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@fittiger wrote:
I imagine current details of her reports will be helpful.

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Sure, I will check out credit karma

[Dustink]

Score: 681

Utilization: 34%

Chase Slate: 3860/5000 10/12

Dell: 1742/3000 10/05

Les Schwab: 728/1250 6/12

US Bank: 409/5500 4/12

US Bank: 209/500 7/09

Blair: 0/200 5/06

Macy's: 0/100 10/09

JCP: 0/1200 5/10

Walmart: 0/800 7/11

Bestbuy: 0/2700 7/07

Kohls: 0/300 9/10

On time payments: 99.21%

AAoA: 3 yr 7 month

HP's: 3

Derogs: 0

Income: 20k

[NJTurnpike]

Probably stating the obvious but get her util down under 10% and she shouldn't have a problem getting the new card.

[youngandcreditwrthy]

Also, Id request large clis on all accounts; this will help util and limit wise!

[mirachi]

From what I'm reading, did she have 1 late payment?

[Dustink]

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@mirachi wrote:

From what I'm reading, did she have 1 late payment?

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Looks like it. I am not sure how late or whatnot. Just based of CK she doesn't have perfect payment history.

[Dustink]

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@youngandcreditwrthy wrote:
Also, Id request large clis on all accounts; this will help util and limit wise!

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That should be easier for her instead of paying down the debt. Does Penfed not like high limits relative to income though?

[sosabe77]

It helps to set up direct deposit and build a relationship with the CU.