Super Contributor
Posts: 6,552
Registered: ‎04-07-2008

PenFed Scoring model?

Over a year ago I remember getting a message for a denial from Penfed sating my score was 846 on a range of 150-950


I know it's EQ. Is it an internal version of their EQ? Risk Score?

Regular Contributor
Posts: 104
Registered: ‎02-18-2008

Re: PenFed Scoring model?

PenFed uses a Pinnacle 2.0 scoring model by Equifax, same as Alliant credit union, this formula was designed to help lenders have an understanding of what risk the customer may have defaulting on a loan with in the next 24 months.

Discover IT $12,000, Chase Freedom $10,000.00, Macy's Amex $4,000, Sears Mastercard $10,000, Sams Mastercard $9,500.00, Wal-Mart DC $7,500.00, Kohl's $3,000.00, JC Penny's $7,500.00, 3 Rivers FCU Visa Platinum $20,000.00, IU Credit Union $10,000.00,Chase Marriott $31,000, USAA Platinum Mastercard $32,000.00, Fort Financial CU $10,000.00, Home Depot $22,000.00, Lowe's $15,000.00, Blue Cash Everyday, $12,000.00, PenFed Travel Amex $21,000.00, AMEX Green NPSL, Value City Furniture $10,000.00, PNC Points Visa Signature $15,000.00, GM Buyer card $5,000.00, BOA 123 $30,000.00,TU 774, Eq 744, Exp 750

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