topic Re: Penfed Promise in Credit Card Applications

Penfed Promise

sunilcobain01 — Wed, 25 Nov 2015 15:34:57 GMT

I have been seen lots of good things about Penfed CU in this forum. Therefore, I joined Penfed CU paying $15.00 memebership last night. I got approved. Then I applied for PLOC, flat denial but my CC application for Promie card is under review. What does it mean? Is it also denial? My fico EQ is 686, 30% utilization and 8 inquiries. I logged into my account this morning and it is still under review. Should I call them or just wait for the result? Please chime in your thoughts my ficoers.

Re: Penfed Promise

CreditCuriosity — Wed, 25 Nov 2015 15:37:00 GMT

Means UW are looking at it.. Should know something later today or friday.. Best of luck you should be good on it.

Re: Penfed Promise

Anonymous — Wed, 25 Nov 2015 17:10:01 GMT

Good luck! It is not uncommon for them to take a while to review your application.

Re: Penfed Promise

ddemari — Wed, 25 Nov 2015 17:55:20 GMT

Good luck! They are pretty fast also in looking at it and making a decesion.

Re: Penfed Promise

sunilcobain01 — Wed, 25 Nov 2015 18:01:26 GMT

Should I wait or call them? What do you folks think?

@ddemari wrote:
Good luck! They are pretty fast also in looking at it and making a decesion.

Re: Penfed Promise

CreditCuriosity — Wed, 25 Nov 2015 18:20:33 GMT

Wait calling won't speed up UW on reviewing your application with penfed.. You will hear today or friday at the latest.. Guessing today sometime.

Re: Penfed Promise

sunilcobain01 — Wed, 25 Nov 2015 19:17:32 GMT

I'll follow your advice and wait for the result.

@CreditCuriousity wrote:
Wait calling won't speed up UW on reviewing your application with penfed.. You will hear today or friday at the latest.. Guessing today sometime.

Re: Penfed Promise

Country_Feller — Thu, 26 Nov 2015 13:43:44 GMT

Fingers crossed for ya!!

Re: Penfed Promise

sunilcobain01 — Thu, 26 Nov 2015 15:58:05 GMT

I got turned down. Reason was "PRESENT OBLIGATIONSSUFF OBLIGATED W/UNSEC INDEBTEDNESS" I'll wait for 6 more months, being my utilization down and app again.

@Country_Feller wrote:
Fingers crossed for ya!!

Re: Penfed Promise

CreditCuriosity — Thu, 26 Nov 2015 16:03:41 GMT

@sunilcobain01 wrote:
I got turned down. Reason was "PRESENT OBLIGATIONSSUFF OBLIGATED W/UNSEC INDEBTEDNESS" I'll wait for 6 more months, being my utilization down and app again.
@Country_Feller wrote:
Fingers crossed for ya!!

Sorry to hear... Guessing your utilization is high or DTI?

Re: Penfed Promise

Anonymous — Thu, 26 Nov 2015 16:04:30 GMT

@sunilcobain01 wrote:
I got turned down. Reason was "PRESENT OBLIGATIONSSUFF OBLIGATED W/UNSEC INDEBTEDNESS" I'll wait for 6 more months, being my utilization down and app again.
@Country_Feller wrote:
Fingers crossed for ya!!

So sorry that happened. You have a good plan to reapply though!