topic Re: PenFed apps in Credit Card Applications

PenFed apps

Anonymous — Wed, 15 Feb 2017 02:06:09 GMT

Could somebody refresh my memory how long PenFed will hold onto your credit report before they will require another pull for new products? I can't remember if it's 30 or 90 days, thank you.

Re: PenFed apps

Anonymous — Wed, 15 Feb 2017 05:54:12 GMT

It was a fairly consistent policy of 90 days.....but not anymore as some are seeing consistent 30 days. I'm not saying it definitely will not be 90 days. I am saying, for any new product or CLI, you should expect a HP over 30 days. If a possible HP is your worst nightmare, then think twice, because it could result in one......or complete any actions within 30 days.

Re: PenFed apps

Anonymous — Wed, 15 Feb 2017 05:59:12 GMT

Plan on 30 - I'm planning on trying to do everything over the course of 2 days, wish me luck!

Re: PenFed apps

TXinandout — Wed, 15 Feb 2017 14:54:23 GMT

Are you going for Penfed now?

@Anonymous wrote:
Plan on 30 - I'm planning on trying to do everything over the course of 2 days, wish me luck!

Re: PenFed apps

Anonymous — Wed, 15 Feb 2017 16:50:04 GMT

@TXinandout wrote:
Are you going for Penfed now?
@Anonymous wrote:
Plan on 30 - I'm planning on trying to do everything over the course of 2 days, wish me luck!

Yeah, everything seems pretty much lined up for it - I've got some new utilization coming that will drop my score next month, so I believe I will 'strike while the iron is hot' as the phrase goes...I plan to do this tomorrow, so look for my rebuild thread (link in sig) to have some updates!

Re: PenFed apps

TXinandout — Wed, 15 Feb 2017 18:38:20 GMT

You know we'll be waiting for the update in the BK forum

Good luck!

@Anonymous wrote:
@TXinandout wrote:
Are you going for Penfed now?
@Anonymous wrote:
Plan on 30 - I'm planning on trying to do everything over the course of 2 days, wish me luck!

Yeah, everything seems pretty much lined up for it - I've got some new utilization coming that will drop my score next month, so I believe I will 'strike while the iron is hot' as the phrase goes...I plan to do this tomorrow, so look for my rebuild thread (link in sig) to have some updates!

Re: PenFed apps

AverageJoesCredit — Thu, 16 Feb 2017 01:40:21 GMT

Good luck Tyger

Re: PenFed apps

Anonymous — Thu, 16 Feb 2017 17:35:35 GMT

And the verdict is...

I chickened out

Having gotten all aforementioned ducks into the proverbial row, I did one final gut check and came to the following conclusion:

1. I am being greedy/impatient

2. this app is premature

I have a major app (auto loan) that has to happen before July when my lease expires. I won't be 1-yr post-DC until the end of April, and that is also when my first Cap One app goes 1yr+. PenFed is 5x more squirrely under 1-yr, so why poke the albeit very nice bear before I need to?

So with apologies to those in whom my above statements have built great expectation, this plan has been officially put on pause until May 1...I'll see you then

Re: PenFed apps

TXinandout — Thu, 16 Feb 2017 18:50:58 GMT

I think it was the best decision, just wait for your year anniversary and go for it. I know I'm trying in June (1year mark).

@Anonymous wrote:
And the verdict is...

I chickened out

Having gotten all aforementioned ducks into the proverbial row, I did one final gut check and came to the following conclusion:

1. I am being greedy/impatient
2. this app is premature

I have a major app (auto loan) that has to happen before July when my lease expires. I won't be 1-yr post-DC until the end of April, and that is also when my first Cap One app goes 1yr+. PenFed is 5x more squirrely under 1-yr, so why poke the albeit very nice bear before I need to?

So with apologies to those in whom my above statements have built great expectation, this plan has been officially put on pause until May 1...I'll see you then

Re: PenFed apps

Anonymous — Sat, 25 Feb 2017 05:33:19 GMT

even if they use the orginal hard pull.......will there also be a soft pull to check the current credit situation?

Re: PenFed apps

fltireguy — Sat, 25 Feb 2017 12:39:30 GMT

No they won't do a SP. LO I spoke with this past Wednesday said that they will use the last HP within 90 days unless a new one is requested by the customer

Re: PenFed apps

Anonymous — Sat, 25 Feb 2017 13:31:31 GMT

@Anonymous wrote:
And the verdict is...

I chickened out

Having gotten all aforementioned ducks into the proverbial row, I did one final gut check and came to the following conclusion:

1. I am being greedy/impatient
2. this app is premature

I have a major app (auto loan) that has to happen before July when my lease expires. I won't be 1-yr post-DC until the end of April, and that is also when my first Cap One app goes 1yr+. PenFed is 5x more squirrely under 1-yr, so why poke the albeit very nice bear before I need to?

So with apologies to those in whom my above statements have built great expectation, this plan has been officially put on pause until May 1...I'll see you then

Good decision! It sounds like you have that long term planning thing under control! Kudos to you!