I'm gonna repost this here. No responses elsewhere and I really need your input.
I've read a ton about PenFed including the data thread(great BTW) but I'm still feeling apprehensive. I just paid my cc utilization from 95% down to 5% on one card and zero balance on other. If I get the score bump I'm expecting, my FICO 9 should be about 675. I want to apply for membership and a home equity loan. My home is paid for completely. Here is my other data:
Derogs: one old collection
Lates: two about 4 months ago
Age of credit: 1 yr 2 months.
Most recent account: 1 yr ago
Inquiries: 4 most recent July (1)
Should I go for it? I can't afford a hit for nothing but nothing ventured, nothing gained....maybe...
