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PenFed Nextgen Internal Score

Valued Member

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)
Message 1 of 12
11 REPLIES
Contributor

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
12/7/2017 - MyFICO EQ-640 TU-669 EX-667
Message 2 of 12
Valued Contributor

Re: PenFed Nextgen Internal Score

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.

Ch 7 BK discharged 12/14, well along in rebuilding credit. FICO 4/19/18:TU 664/EX 697/EQ 695 FICO 8 or 683 FICO 9 (Penfed 3/13/2018), VS 3.0 4/17/18: TU 713/EX 709/EQ 708. $71,800 revolving credit as of 3/23/18; $4000 Walmart Store Card, $4500 Discover It, $5000 Discover It #2 (new 3/12), $6000 Cap One Quicksilver MC, $6000 Amazon Prime Store Card, $7000 Apple FCU Platinum Visa, $7000 Penfed Power Cash Rewards Visa, $7300 Overstock Store Card, $10K Cap One QS Rewards Visa Signature, $15K Care Credit, $10k PenFed used car loan, $5k Navient student loan, $12.7k Lending Club loan. Resetting the garden clock from 3/12/18...
Message 3 of 12
Valued Member

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)
Message 4 of 12
Valued Member

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)
Message 5 of 12
Moderator

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 4 741, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (1/1/18)
Goal Score:    EQ 5 771, TU 4 750, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (01/01/19)


Take the myFICO Fitness Challenge
Message 6 of 12
Valued Contributor

Re: PenFed Nextgen Internal Score

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

NFCU $60.4k/PenFed $22.5k/Commerce $15K/53 $2K/Synovus $14K/BBT $8.5K/CapOne $12K/DCU $7.5K/BMO $7.5K/Chase $14.5k/Cabelas $5K/ and many many more!
Total CL $333700, plus car and RV loan
Message 7 of 12
Super Contributor

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 741 TU 783 EX 759 Total revolving limits 518600
Message 8 of 12
Valued Member

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.
Starting Score: 550
Current Score: 646
Goal Score: 700



May 2017: EQ 567; TU 552; EX 593
April 2018: EQ 625, TU 610, EX 646
Message 9 of 12
Member

Re: PenFed Nextgen Internal Score

Can someone please help me and point me in the right direction? I'm on the site now and don't anywhere to see my NextGen2 score. I have Access America acct, Regular Shares and a Power Cash Rewards card. I opened the Shares and Power Cash card on 1/06/18 and the Access America on 2/01/18.
Thanks
Message 10 of 12