What kind of scores are nessasary for PenFed's personal loans?
Love Penfed! Easy approval process for personal loan. I opened a savings account online with a deposit of $5 and decided to apply for a personal loan just to help improve the score with an installment loan to add to the mix. I plan to use the SSL technique with repaying it. The loan officers and the customer service reps are all very knowledgeable. I even decided to apply for a credit card a few days later, and they used the same HI data from the personal loan. Penfed said that the HI is good for up to 90 days, so I could request an auto loan or apply to other offerings. So get this- Penfed approved me for a $14,500 CL, which is the highest that I have ever obtained!
5 hard inquiries in 1 year
Congrats! Interesting, I hadn't considered doing an unsecured personal loan for the SSL technique. I have an installment loan, a car loan I just took out in Oct., and as it's 95% of original amount I"m getting dinged for it. Maybe if I did a personal loan and pay it down to under 9% it might help offset the car loan. As my car loan is 2.99% for 65 months I'm not interested in paying it down just to make Fico happy.
2nd what GameofThrones said. Congrats on your 819 GOT! ;-)