07-16-2013 03:24 AM
I was thinking about applying for PenFed which I hear is very INQ sensitive, well the thing is I have 0 INQ on my Equifax but about 6 new accounts on my report in the last 6 months.
Do you think I would be able to pass getting in based off of computer calculation do they take that into affect on new accounts as well?
07-16-2013 07:05 AM
They'll pull a FICO and 2 or 3 of the FICO scoring codes deal with new accounts reporting. IMO (and based on IME), it'll be an issue. I first tried with FICOs around 670 but also had 3-4 new accounts reporting inside a year. I was denied with that pyramiding comment they used to give out (or still do) which refers to adding new accounts to lower util. I tried again with FICOs around 750 and was denied. I had 0 inquiries but did have 2 new TLs reporting. Was denied due to new accounts, though they did approve me for their OD LOC (Thrift?).