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Frequent Contributor
Posts: 279
Registered: ‎03-24-2016
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PenFed Checking Account Overdraft question

I was approved for a $500 overdraft protection on my checking account. Does this get reported as a trade line?

Frequent Contributor
Posts: 436
Registered: ‎06-22-2015
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Re: PenFed Checking Account Overdraft question

I had the same situation with a different bank and they didn't report on my report.  Not sure about PenFed though.

38 Credit Cards $47,780 CL (66.0% UT, 16/41 Zero Balance), 3 Charge Card NPL, 16 VISA/MC, 7 Amex, 2 Discover, 16 Store Cards
2 Auto Loans, 5 Installment Loans, 1 Student Loan (Deferred)
EQ FICO 8 611 Positive 39, Negatives 8, Inquires 25, AAoA 1Y10M
EX FICO 8 593 Positive 71, Negatives 8, Inquires 51, AAoA 3Y6M
TU FICO 8 600 Positive 72, Negatives 3, Inquires 36, AAoA 1Y10M
Rebuilding Since 03-2015, Gardening Since 06-2017, Gardening till FICO 8 705
Valued Contributor
Posts: 7,411
Registered: ‎01-08-2013
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Re: PenFed Checking Account Overdraft question

I wouldn't think that would, but what do I know lol.
EX 08 Fico: 729 TU 08 Fico: 735EQ 08 Fico: 740Total Credit Line: $128,600Utilization: 6%Inquiries:EX-6TU-7EQ-5


Regular Contributor
Posts: 196
Registered: ‎11-21-2015

Re: PenFed Checking Account Overdraft question

It does report as a trade line yes. Penfed reported mine as well

Starting Scores April 2015 510-520's
Current as of 05/22/2016
(664 EQ) (705TU) (673 EX) AMEX PRG npsl l PENFED Rewards $10k l NFCU Rewards $2300 l Chase Freedom Unl $3500 l Chase Marriott Visa Sig $5k l Chase Hyatt Visa Sig $5k l Chase IHG $3k l BofA Rewards $3100 l Cap1 QS1 $2k l John Deere $15k l Lowes $17k l Amazon $5k l Walmart Store $6k l Marvel $6k l Jetblue $1500 l GM Cap1 $1k l Home Depot $750 l Kohls $700 l Jared Jewlers $4700 l GM Cap1 $3k (AU) l Discover IT $5,500 (AU) l QS1 $2150 (AU) l Cabela's $2k l Comenity (various $1500)
Valued Contributor
Posts: 1,201
Registered: ‎08-10-2015
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Re: PenFed Checking Account Overdraft question

It shows up and reports on all bureaus.  It is factored in scoring the same as a credit card.

Frequent Contributor
Posts: 469
Registered: ‎10-25-2015
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Re: PenFed Checking Account Overdraft question

Yes, it shows up on mine as Installment Loan.
BK CH7 (09/15) - TU 439 : EQ 459 : EX 440
Discharged (12/15)
Frequent Contributor
Posts: 279
Registered: ‎03-24-2016
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Re: PenFed Checking Account Overdraft question

So is it revolving or installment? I just set up an Alliant Secured Shared for a 9% long term installment loan. I wonder if this overdraft, if it is an installment, will screw me up with what I just did. 

Frequent Contributor
Posts: 430
Registered: ‎01-19-2016

Re: PenFed Checking Account Overdraft question


OhMyWhatHaveIDone wrote:

So is it revolving or installment? I just set up an Alliant Secured Shared for a 9% long term installment loan. I wonder if this overdraft, if it is an installment, will screw me up with what I just did. 


Mine reports as revolving

Staring Score: EQ 597 TU 617 EX 566 (01/22/2016)Current Score: EQ 667 TU 701 EX 744 (05/26/2016)
Valued Contributor
Posts: 1,201
Registered: ‎08-10-2015

Re: PenFed Checking Account Overdraft question

Revolving, I just tripled checked each report :-)
Established Contributor
Posts: 587
Registered: ‎03-07-2007

Re: PenFed Checking Account Overdraft question

i gpt 500 line also but confused on how to use it ,any info is appreciated thanks

fico 08 08/01//2017 tu 629 eq 637
ex 611 overstock 0/2250 disc secured 0/ 300 credit one 0/450 navy c rewards 1000/3500 navy plat mc 0/2000 penfed oloc 0/500 x 2 mjc 0/5000 wally world 0/200 carecredit 0/800 eq 05 bankcard 669 if i knew who pulled it

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