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PenFed Score Update?

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Anonymous
Not applicable

PenFed Score Update?

Hey,

 

How often does PenFed update our free NexGen score? My last pull was on 12/1/2015. 

Message 1 of 16
15 REPLIES 15
Revelate
Moderator Emeritus

Re: PenFed Score Update?


@Anonymous wrote:

Hey,

 

How often does PenFed update our free NexGen score? My last pull was on 12/1/2015. 


I don't think there's a set date; probably whenever they do a global account review unless you have some other change that triggers them to pull a new report / score.

 

FICO NextGen (either version) is one of the worst freely available scores, worse than VantageScore even; as a result, while I have a rainy-day PLOC there (which I guess I should use a bit to keep the account active?) the Penfed FICO Score is at best just an added bonus.




        
Message 2 of 16
Anonymous
Not applicable

Re: PenFed Score Update?

Hmmm!! Thanks for your input Smiley Happy

Message 3 of 16
Anonymous
Not applicable

Re: PenFed Score Update?


@Anonymous wrote:

Hey,

 

How often does PenFed update our free NexGen score? My last pull was on 12/1/2015. 


They tend to do it every quarter.  We will probably see a March score sometime in April.

Message 4 of 16
Anonymous
Not applicable

Re: PenFed Score Update?

This is the email response from them:

Thank you for contacting PenFed.

The FICO scores are loaded quarterly in January, April, July, and October. When
loaded in October, the scores will be from end of August/beginning of September.
Message 5 of 16
Revelate
Moderator Emeritus

Re: PenFed Score Update?


@Anonymous wrote:
This is the email response from them:

Thank you for contacting PenFed.

The FICO scores are loaded quarterly in January, April, July, and October. When
loaded in October, the scores will be from end of August/beginning of September.

Ah, thanks!  Guess it's more regular now heh, one month lag time is kinda lame but c'est la vie, we get what we pay for Smiley Happy.




        
Message 6 of 16
Anonymous
Not applicable

Re: PenFed Score Update?


@Revelate wrote:

@Anonymous wrote:
This is the email response from them:

Thank you for contacting PenFed.

The FICO scores are loaded quarterly in January, April, July, and October. When
loaded in October, the scores will be from end of August/beginning of September.

Ah, thanks!  Guess it's more regular now heh, one month lag time is kinda lame but c'est la vie, we get what we pay for Smiley Happy.


Lol righttt! Why the lag time though? 

Message 7 of 16
takeshi74
Senior Contributor

Re: PenFed Score Update?

What's the rush?  Do you have or intend to apply with another creditor that uses the EQ FICO NG2?  From what I recall, PenFed's quarterly preapprovals and the score updates are released at the same time.

Message 8 of 16
Revelate
Moderator Emeritus

Re: PenFed Score Update?


@Anonymous wrote:

@Revelate wrote:

@Anonymous wrote:
This is the email response from them:

Thank you for contacting PenFed.

The FICO scores are loaded quarterly in January, April, July, and October. When
loaded in October, the scores will be from end of August/beginning of September.

Ah, thanks!  Guess it's more regular now heh, one month lag time is kinda lame but c'est la vie, we get what we pay for Smiley Happy.


Lol righttt! Why the lag time though? 


Probably two different systems and they only load the data into the second system from the first system once a month would be my guess.

 

Old school, but that's CU technology stacks for you.




        
Message 9 of 16
Anonymous
Not applicable

Re: PenFed Score Update?

Never said I was applying for anything or rushing. Just want to see what my EQ score is with them.
Message 10 of 16
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