topic Re: Penfed app in Credit Card Applications

Penfed app

tbea1004 — Mon, 10 Dec 2018 18:43:46 GMT

Does anyone know if there has been any Penfed approvals for people with just 1 account on their credit report? There is nothing negative on the report. The only account is a new credit card with a 1k limit and the score is about 720. There are a few accounts on TU and EX but I have heard that Penfed only pulls EQ. Just signed up with Penfed on Friday and submitted the app on Saturday and got the under review message. There is a fraud alert on the report and there is not any inquiry from Penfed yet. Should I call them?

Re: Penfed app

Gmood1 — Mon, 10 Dec 2018 19:19:17 GMT

Yeah, there should have been a pull almost immediately. Or at least that's how it used to be.
I read somewhere on myfico, you need a year of credit history in order to be approved for a CC with Penfed. I'm uncertain if that's true or not.

Re: Penfed app

RonM21 — Mon, 10 Dec 2018 19:28:38 GMT

Calling them wouldn't hurt just to be sure. They may even be able to give you more info on your app. I could not say with certainty that nobody has ever been approved with only one account showing. But it probably isn't as often of an occurrence.

Re: Penfed app

tbea1004 — Mon, 10 Dec 2018 21:52:33 GMT

Will they pull another report if I ask them to? My AAoA on Eq is 2 months but it is a little over 9 years for TU and Ex. For some reason everything did not report to Eq.

Re: Penfed app

FinStar — Mon, 10 Dec 2018 23:04:34 GMT

You can ask, but unfortunately they won't pull another CRA unless they have issues accessing EQ (split file, incomplete system data, etc.), or due to ID theft/Fraud on the CR in question.

Why such discrepancy on the CRs OP? Are the tradelines that are reporting in TU/EX AU accounts or individual?

Re: Penfed app

tbea1004 — Mon, 10 Dec 2018 23:33:28 GMT

@FinStar wrote:
You can ask, but unfortunately they won't pull another CRA unless they have issues accessing EQ (split file, incomplete system data, etc.), or due to ID theft/Fraud on the CR in question.

Why such discrepancy on the CRs OP? Are the tradelines that are reporting in TU/EX AU accounts or individual?

I was a victim of id theft in the past but I do not know if that is the reason that everything is not reporting to EQ.

Re: Penfed app

FinStar — Tue, 11 Dec 2018 00:13:28 GMT

Since the application is likely still pending review, I would suggest contacting them so you can explain the situation and see what they can do.