07-15-2008 11:33 AM
07-15-2008 12:30 PM
07-15-2008 12:33 PM - edited 07-15-2008 12:34 PM
I joined Penfed Credit Union early this month because of their rewards Visa. They turned me down and I can't figure out why. Should I send them a RECONN letter, asking them to reconsider? Or should I call them? They said that I had too many obligations, which was weird because I only have my mortgage pymt of $3100/mo, income of $7500/mo and an Equifax score of 689, which is what they pulled. My Debt to Income ratio is good, I also have a good mix of credit. I applied for that card with confidence I'd get approved so I took a hit on my credit inquiry and got NO card in return. This has me pissed off. Could you guys give me my next step in this situation.
07-15-2008 12:33 PM - edited 07-15-2008 12:38 PM
07-15-2008 12:41 PM - edited 07-15-2008 12:43 PM
07-15-2008 12:46 PM
07-16-2008 09:31 AM
07-16-2008 10:38 AM - edited 07-16-2008 10:39 AM
jmbfl wrote:PenFed does not do joint applications or consider HH income. Only the applicant's and they may ask for proof of some people. Their CSR's are very nice. Give them a call and see what you can find out.
07-16-2008 12:41 PM