Re: Apply to PenFed now or later?
01-04-2013 05:19 PM
Your current debt awaiting settlement may derail you. As stated earlier, they are extremely conservative and do not do well with charge offs or collections from what I have learned. I do have membership, cc and a car loan with them. Got the cc and membership at opening, car loan a little after a year later. As always YMMV. My EQ was around 767 when I joined.
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)
Remember the Three P's: Pay early in Full, Pay on Time, Patience