Credit Card Center Advertiser Disclosure

Reply
Valued Member
Posts: 56
Registered: ‎04-05-2017
0 Kudos

PenFed Nextgen Internal Score

I just became a member to PenFed after weeks of reading this forum.  I noticed that PenFed gives a lot of weight to the Nextgen internal score.  Where can I find my Nextgen score?  I know they pull my credit when I applied for membership and I assume that a new Nextgen score was calculated.  I would love to see how I score with them before I pull a trigger on a CC application.  Thanks in advance...

NFCU Platinum $1700.00; Capital One Platinum $300.00; Discover (secure) $200.00; Bank One $300.00 (April 2017)

NFCU Platinum $1700.00; Capital One Quicksilver $750.00; Discover (secure) $200.00; (September 2017)
Contributor
Posts: 80
Registered: ‎09-16-2015
0 Kudos

Re: PenFed Nextgen Internal Score

They will actually give you the score they use when they pull it each quarter.  I believe they just pulled it not long ago, so it will likely be a couple months before you will see the banner for your new FICO score in the add block above your accounts.

BK7 d/c:03/2010
8/16/15 - MyFICO EQ-582 TU-601 EX-573
9/5/2017 - MyFICO EQ-636 TU-662 EX-656
Established Contributor
Posts: 1,156
Registered: ‎02-07-2017

Re: PenFed Nextgen Internal Score

[ Edited ]

There should be a tile on your Penfed account's main screen providing a link to the NexGen 2 score (which, for Penfed, is Equifax). If you don't see it, you might be able to find it under "add new tiles". Do be aware, though, that you need to have a credit card or other loan (mortgage, car, personal loan) or (I think!) Access America checking account to be able to get your NexGen score from Penfed; they might also have sent you a letter with the score when your application was approved.

 

Penfed's EQ NG2 score is an odd duck; not many other lenders use it, and the figures it generates are different from FICO's EQ scores. To use my own example, I'm currently 659 for EQ on FICO 8, but over on Penfed, my EQ score is at 690 with NG 2. I got a letter with the score shortly after my used-car loan was approved in February, and Penfed updated my account screen with the score tile a bit over a month later, after their quarterly site update. Penfed updates the score quarterly, so I think my next score should generate around the end of next month.

Rebuilding credit since 12/14 Ch7 BK discharge. FICO 10/16/17:TU 659/EX 694/EQ 688 FICO 8 or 680 FICO 9 (Penfed), VS 3.0 10/16/17: TU 704/EX 691/EQ 697. $800 Amazon Prime Store Card, $951 Cap One secured Platinum MC, $1200 Walmart Store Card, $2000 Apple FCU Platinum Visa, $3000 Penfed Power Cash Rewards Visa, $3500 Cap One Quicksilver MC, $3600 Discover It, $4300 Overstock Store Card, $10k PenFed used car loan, $5k Navient student loan. In the garden as of 7/2/17 AND THIS TIME I REALLY MEAN IT!!! (unless I get a preapproval I can't refuse...)
Valued Member
Posts: 56
Registered: ‎04-05-2017
0 Kudos

Re: PenFed Nextgen Internal Score

Thanks

NFCU Platinum $1700.00; Capital One Platinum $300.00; Discover (secure) $200.00; Bank One $300.00 (April 2017)

NFCU Platinum $1700.00; Capital One Quicksilver $750.00; Discover (secure) $200.00; (September 2017)
Valued Member
Posts: 56
Registered: ‎04-05-2017
0 Kudos

Re: PenFed Nextgen Internal Score

I dont have any accounts with them yet.  I was thinking of applying for a CC but I opened 4 CCs in the last 6 weeks and because of this and two car loans that I recently closed my FICO score went down.  I was trying to get the Nextgen score to see if I have a chance of being approved for the easiest CC.  I guess I'll have to wait until next month and see the new scores before I can apply. 

NFCU Platinum $1700.00; Capital One Platinum $300.00; Discover (secure) $200.00; Bank One $300.00 (April 2017)

NFCU Platinum $1700.00; Capital One Quicksilver $750.00; Discover (secure) $200.00; (September 2017)
Highlighted
Moderator
Posts: 17,529
Registered: ‎12-30-2011

Re: PenFed Nextgen Internal Score


FA21 wrote:

I dont have any accounts with them yet.  I was thinking of applying for a CC but I opened 4 CCs in the last 6 weeks and because of this and two car loans that I recently closed my FICO score went down.  I was trying to get the Nextgen score to see if I have a chance of being approved for the easiest CC.  I guess I'll have to wait until next month and see the new scores before I can apply. 


I don't think they give you a score (or least they didn't used to) with just a share account.  Had to have some credit product to get the score as it's part of their account review process that provides the scores.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


Take the myFICO Fitness Challenge
Valued Contributor
Posts: 1,800
Registered: ‎02-16-2016
0 Kudos

Re: PenFed Nextgen Internal Score

OP - you will only get the score if you have some type of a credit product with them

Chasex3/PenFedx3/NFCUx2/BofA/BMO/AMEX x5(4 revolvers +Platinum)/CapOnex2/DCU/Blispay/Cabelas/BBVA/BB&T/HSBC/Atira/Commerce Bank/State Farm Visa........I have them all. Except Barclays. They suck. And Sync. They suck worse! And Citi,, because I Have 9,000 Inq.
In the 520-530 range in 12/2015.... Currently EQ747/TU758/EX744
NFCU & PenFed are my best friends!!

In 3/2016 I had a $1800 fully secured CapOne QS. And that was it.. Current CL $221,000 (plus my auto and RV loans)
Super Contributor
Posts: 6,307
Registered: ‎02-24-2015
0 Kudos

Re: PenFed Nextgen Internal Score


FA21 wrote:

I just became a member to PenFed after weeks of reading this forum.  I noticed that PenFed gives a lot of weight to the Nextgen internal score.  Where can I find my Nextgen score?  I know they pull my credit when I applied for membership and I assume that a new Nextgen score was calculated.  I would love to see how I score with them before I pull a trigger on a CC application.  Thanks in advance...


It's not available anywhere except on the PenFed site. They give it to you quarterly a month late. Your May 31st score will be available in early July.

Member
Posts: 9
Registered: ‎08-07-2017
0 Kudos

Re: PenFed Nextgen Internal Score

I have only a share account with Penfed. No type of credit accounts at all and I receive the Nextgen credit score quarterly.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.