topic Re: Penfed App in Credit Card Applications

Penfed App

NYFan63 — Tue, 14 Jul 2015 19:58:07 GMT

I jsut submitted an app for the Penfed VISA Signature and got this message:

Your application has been referred to a Loan Officer.

Is this normal? Is this a denial?

Should I call?

Re: Penfed App

baller4life — Tue, 14 Jul 2015 20:20:19 GMT

Normal. Just means manual review. Just keep checking status. You should see something soon.

Re: Penfed App

NYFan63 — Tue, 14 Jul 2015 20:22:58 GMT

Thanks baller - keeping fingers crossed...

Re: Penfed App

baller4life — Tue, 14 Jul 2015 20:25:59 GMT

It so late in the day that it may be tomorrow before a decision is made. Good luck!

Re: Penfed App

Anonymous — Tue, 14 Jul 2015 20:29:07 GMT

@NYFan63 wrote:
I jsut submitted an app for the Penfed VISA Signature and got this message:

Your application has been referred to a Loan Officer.

Is this normal? Is this a denial?

Should I call?

That happened to me and I was approved for two cards!

Re: Penfed App

Gmood1 — Tue, 14 Jul 2015 20:33:11 GMT

I would call and talk to them. It always helped me.

Re: Penfed App

Scupra — Tue, 14 Jul 2015 20:49:28 GMT

Good luck!!!!

Re: Penfed App

Anonymous — Tue, 14 Jul 2015 23:29:14 GMT

Normal. Happened to me as well. Got an approval an hour later. Like baller said, just keep checking the status.

Re: Penfed App

NYFan63 — Wed, 15 Jul 2015 00:22:16 GMT

So I got back from dinner, signed onto my account to check on the status of my CC app, Turned Down. So I called their 800-247-5626 number and spoke to a CSR. CSR saidit was declined due to my EQ score and my CH7 BK. I asked if I can recon, he said it would have to b emailed with my signature stating my reasons for recon. He gave me the email address to send my recon to.

I will send tomorrow and update everyone.

Thanks everyone for your guidance.

Re: Penfed App

Anonymous — Wed, 15 Jul 2015 00:24:24 GMT

So sorry to hear! It happens to all of us, though, really. Next time!

Re: Penfed App

Anonymous — Wed, 15 Jul 2015 02:20:08 GMT

@Anonymous wrote:
So sorry to hear! It happens to all of us, though, really. Next time!

this...sorry to hear as well.

Re: Penfed App

juniornj23 — Wed, 15 Jul 2015 02:31:07 GMT

Which card did you app

Re: Penfed App

NYFan63 — Wed, 15 Jul 2015 03:51:41 GMT

@juniornj23 wrote:
Which card did you app

VISA Signature

Re: Penfed App

juniornj23 — Wed, 15 Jul 2015 14:14:34 GMT

They approve me for cash back I try the sigy was denied too many account

Re: Penfed App

NYFan63 — Wed, 15 Jul 2015 14:21:47 GMT

Which FICO score does Penfed use. They are showing my EQ at 644 while Equifax has at 674 and MyFICO 654.

Re: Penfed App

Anonymous — Wed, 15 Jul 2015 14:23:51 GMT

@NYFan63 wrote:
Which FICO score does Penfed use. They are showing my EQ at 644 while Equifax has at 674 and MyFICO 654.

They pulled Equifax for me.

Re: Penfed App

baller4life — Wed, 15 Jul 2015 15:50:31 GMT

They pull Equifax but they use Nextgen scoring model. Not Fico 08. So score will be different.

Re: Penfed App

NYFan63 — Thu, 16 Jul 2015 19:41:39 GMT

@baller4life wrote:
They pull Equifax but they use Nextgen scoring model. Not Fico 08. So score will be different.

Thanks baller - I figured it was a differnt scoring model.

I sent a recon letter to Penfed Wednesday morning after my denial for the Penfed Platinum card. Does anyone know how long they usually take to recon?

Thanks!

Re: Penfed App

NYFan63 — Sat, 18 Jul 2015 13:49:37 GMT

@NYFan63 wrote:
@baller4life wrote:
They pull Equifax but they use Nextgen scoring model. Not Fico 08. So score will be different.
Thanks baller - I figured it was a differnt scoring model.

I sent a recon letter to Penfed Wednesday morning after my denial for the Penfed Platinum card. Does anyone know how long they usually take to recon?

Thanks!

Penfed reviewed my recon and still denied me. I guess I will wait til next year when my scores will hopefully be above 700 and some of my CH7 BK adverse accounts fall off my CR

Re: Penfed App

Anonymous — Sat, 18 Jul 2015 13:52:44 GMT

@NYFan63 wrote:
@NYFan63 wrote:
@baller4life wrote:
They pull Equifax but they use Nextgen scoring model. Not Fico 08. So score will be different.
Thanks baller - I figured it was a differnt scoring model.

I sent a recon letter to Penfed Wednesday morning after my denial for the Penfed Platinum card. Does anyone know how long they usually take to recon?

Thanks!
Penfed reviewed my recon and still denied me. I guess I will wait til next year when my scores will hopefully be above 700 and some of my CH7 BK adverse accounts fall off my CR

Passage of time takes care of so many things. My Chapter 13 finally fell off my reports and the results were amazing. Best of luck to you.