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
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO