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Registered: ‎04-05-2017
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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
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Registered: ‎09-16-2015
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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
4/18/2017 - MyFICO EQ-637 TU-671 EX-660
Established Contributor
Posts: 1,118
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 8/18/17:TU 649/EX 684/EQ 688 FICO 8 or 693 NG 2, VS 3.0 8/18/17: TU 704/EX 684/EQ 700. $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, $3000 Cap One Quicksilver MC, $3300 Discover It, $4000 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...)
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Re: PenFed Nextgen Internal Score

Thanks

NFCU Platinum $1700.00 Capital One Platinum $300.00 Discover (secure) $200.00
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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
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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)


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Posts: 1,608
Registered: ‎02-16-2016
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Re: PenFed Nextgen Internal Score

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

Chase/Penfed/NFCU/BofA/BMO/AMEX/CapOne/DCU/Blispay/Cabelas Over $199K in available credit. I have them all. Except Barclays. They suck. And Sync. They suck worse!
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. Now approaching $200K inunsecured as of 8/1/2017
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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.


FICO8 EQ 736 TU 761 EX 741 FICO5 EQ 720 Total revolving 422500
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Registered: ‎08-07-2017
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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.

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