Super Contributor
Posts: 6,548
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?

New Contributor
Posts: 58
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 $11,000, Chase Freedom $16,000.00, Macy's Amex $7,000, Sears Mastercard $10,000.00, Citi Dividend AMEX $5,000.00, Citi Dividend World Mastercard $6,500.00, Wal-Mart DC $7,500.00, Kohl's $2,500.00, JC Penny's $7,500.00, 3 Rivers FCU Visa Platinum $20,000.00, Local Bank Gold Visa $5,000.00, Help Card $4,000.00, USAA Platinum Mastercard $32,000.00, United Federal Credit Union Gold Visa $5,000.00, Home Depot $22,000.00, Lowe's $15,000.00, Blue Cash Everyday, $12,000.00, PenFed Promise Visa $10,500.00, Duck Card $20,000.00, US Bank Kroger $17,000.00, Value City Furniture $10,000.00, PNC Points Visa Signature $15,000.00, TU 767, Eq 744, Exp 757

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