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Regular Contributor
creditchief
Posts: 181
Registered: ‎07-24-2007

PenFed ??

Could someone tell me a few things about PenFed? I logged back on to their site and now my status says transferred and also an approval for a car loan for 35,000 has come up near the random offers at the top,is this normal and is this a real offer? Thanks for any help on this subject( I have never had a ccc offer so good of their products like this if this is legit)


Starting Score: 550-tu 550-eq
Current Score: 745-tu 777-eq (ex-736 lo)
Goal Score: 800-tu 800-eq


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Regular Contributor
shadow2k
Posts: 108
Registered: ‎01-04-2008

Re: PenFed ??

Transferred means it was sent out to get printed and mailed to you.  Basically, it means you're good to go.

 

The car loan you're seeing is not a true pre-approval.  This is what their true pre-approved offers look like:

 

Senior Contributor
bichonmom
Posts: 3,318
Registered: ‎05-05-2011

Re: PenFed ??

I hope you don't mind my posting under your thread. I saw your subject line and since I am considering applying for a Pen Fed CC was curious about the posts here. I'd really appreciate heaing about other's experiences getting approved for a CC with them. How stringent are their standards? My EQ FICO is about 670 with one 6-yr old collection. Do I have a chance? I'd hate to get dinged w/an inq only to be declined.

 

Thanks!

 

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Valued Contributor
wmarat
Posts: 1,754
Registered: ‎11-03-2007

Re: PenFed ??


bichonmom wrote:

I hope you don't mind my posting under your thread. I saw your subject line and since I am considering applying for a Pen Fed CC was curious about the posts here. I'd really appreciate heaing about other's experiences getting approved for a CC with them. How stringent are their standards? My EQ FICO is about 670 with one 6-yr old collection. Do I have a chance? I'd hate to get dinged w/an inq only to be declined.

 

Thanks!

 

 


I think you do not have a chance with PenFed right now.

IN VINO VERITAS.
Senior Contributor
bichonmom
Posts: 3,318
Registered: ‎05-05-2011

Re: PenFed ??

Hmmm. That's what I was afraid of. Have heard of so many people on the forum getting approved with them that I was hopeful.

 

Thank you.

 

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Regular Contributor
creditchief
Posts: 181
Registered: ‎07-24-2007

Re: PenFed ??

Thanks shadow2k for the reply and info, and yes that is what mine looks like, sorry if I didn't explain it better. (You're Approved then it says vehicle loan but thats all other than the opt. out of offers)when I clicked on it it said 35,000.


Starting Score: 550-tu 550-eq
Current Score: 745-tu 777-eq (ex-736 lo)
Goal Score: 800-tu 800-eq


Take the FICO Fitness Challenge
Regular Contributor
shadow2k
Posts: 108
Registered: ‎01-04-2008

Re: PenFed ??

 


creditchief wrote:

Thanks shadow2k for the reply and info, and yes that is what mine looks like, sorry if I didn't explain it better. (You're Approved then it says vehicle loan but thats all other than the opt. out of offers)when I clicked on it it said 35,000.


If you've got the gold box...you're basically golden to take whatever they're offering you.  Those are *normally* already approved and don't even require a hard pull...normally.  Of course...I've never seen the magical gold box, so I don't know the exact process.  :smileysad:

Established Contributor
UFGuy2006
Posts: 712
Registered: ‎08-02-2008

Re: PenFed ??


shadow2k wrote:

 


creditchief wrote:

Thanks shadow2k for the reply and info, and yes that is what mine looks like, sorry if I didn't explain it better. (You're Approved then it says vehicle loan but thats all other than the opt. out of offers)when I clicked on it it said 35,000.


If you've got the gold box...you're basically golden to take whatever they're offering you.  Those are *normally* already approved and don't even require a hard pull...normally.  Of course...I've never seen the magical gold box, so I don't know the exact process.  :smileysad:


I got the gold box last year and for me the approval was good to go (no hard pull). My Visa rewards went from 17k to 32k. Needless to say I was ecstatic!

FICO: EX: 735 (5/14); TU: 776 (5/14); EQ 711 (5/14)

In My Wallet: Amex X 5 | Barclays X 2 | BOA X 1 | CapOne X 3 | Chase X 3 | Citi X 5 | DCU X 1 | Discover X 1| Fidelity X 1 | Fifth Third X 1 | PenFed X 1 | PSECU X 1 | USAA X 2 | US Bank X 1 | Walmart X 1 | Wells Fargo X 1

Holding off apps for the next 6 months! Last inq 5/27/2014.
Frequent Contributor
TangMeister
Posts: 456
Registered: ‎07-09-2008

Re: PenFed ??

The gold box has always been....errr...golden for me.  No hard pulls and instantly approved every time.  I wish more CUs had it!  :smileywink:


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