topic Re: PenFed Nextgen Internal Score in General Credit Topics

PenFed Nextgen Internal Score

FA21 — Tue, 18 Apr 2017 14:07:13 GMT

I just became a member to PenFed after weeks of reading this forum. I noticed that PenFed gives a lot of weight to the Nextgen internal score. Where can I find my Nextgen score? I know they pull my credit when I applied for membership and I assume that a new Nextgen score was calculated. I would love to see how I score with them before I pull a trigger on a CC application. Thanks in advance...

Re: PenFed Nextgen Internal Score

Anonymous — Tue, 18 Apr 2017 14:13:31 GMT

They will actually give you the score they use when they pull it each quarter. I believe they just pulled it not long ago, so it will likely be a couple months before you will see the banner for your new FICO score in the add block above your accounts.

Re: PenFed Nextgen Internal Score

Anonymous — Tue, 18 Apr 2017 14:17:13 GMT

There should be a tile on your Penfed account's main screen providing a link to the NexGen 2 score (which, for Penfed, is Equifax). If you don't see it, you might be able to find it under "add new tiles". Do be aware, though, that you need to have a credit card or other loan (mortgage, car, personal loan) or (I think!) Access America checking account to be able to get your NexGen score from Penfed; they might also have sent you a letter with the score when your application was approved.

Penfed's EQ NG2 score is an odd duck; not many other lenders use it, and the figures it generates are different from FICO's EQ scores. To use my own example, I'm currently 659 for EQ on FICO 8, but over on Penfed, my EQ score is at 690 with NG 2. I got a letter with the score shortly after my used-car loan was approved in February, and Penfed updated my account screen with the score tile a bit over a month later, after their quarterly site update. Penfed updates the score quarterly, so I think my next score should generate around the end of next month.

Re: PenFed Nextgen Internal Score

FA21 — Tue, 18 Apr 2017 14:52:30 GMT

Thanks

Re: PenFed Nextgen Internal Score

FA21 — Tue, 18 Apr 2017 15:27:02 GMT

I dont have any accounts with them yet. I was thinking of applying for a CC but I opened 4 CCs in the last 6 weeks and because of this and two car loans that I recently closed my FICO score went down. I was trying to get the Nextgen score to see if I have a chance of being approved for the easiest CC. I guess I'll have to wait until next month and see the new scores before I can apply.

Re: PenFed Nextgen Internal Score

Revelate — Thu, 20 Apr 2017 02:06:49 GMT

@FA21 wrote:
I dont have any accounts with them yet. I was thinking of applying for a CC but I opened 4 CCs in the last 6 weeks and because of this and two car loans that I recently closed my FICO score went down. I was trying to get the Nextgen score to see if I have a chance of being approved for the easiest CC. I guess I'll have to wait until next month and see the new scores before I can apply.

I don't think they give you a score (or least they didn't used to) with just a share account. Had to have some credit product to get the score as it's part of their account review process that provides the scores.

Re: PenFed Nextgen Internal Score

fltireguy — Thu, 11 May 2017 00:51:31 GMT

OP - you will only get the score if you have some type of a credit product with them

Re: PenFed Nextgen Internal Score

SouthJamaica — Thu, 11 May 2017 02:23:39 GMT

@FA21 wrote:
I just became a member to PenFed after weeks of reading this forum. I noticed that PenFed gives a lot of weight to the Nextgen internal score. Where can I find my Nextgen score? I know they pull my credit when I applied for membership and I assume that a new Nextgen score was calculated. I would love to see how I score with them before I pull a trigger on a CC application. Thanks in advance...

It's not available anywhere except on the PenFed site. They give it to you quarterly a month late. Your May 31st score will be available in early July.

Re: PenFed Nextgen Internal Score

Goal_Getter — Tue, 08 Aug 2017 00:09:48 GMT

I have only a share account with Penfed. No type of credit accounts at all and I receive the Nextgen credit score quarterly.

Re: PenFed Nextgen Internal Score

Anonymous — Sat, 03 Feb 2018 00:07:34 GMT

Can someone please help me and point me in the right direction? I'm on the site now and don't anywhere to see my NextGen2 score. I have Access America acct, Regular Shares and a Power Cash Rewards card. I opened the Shares and Power Cash card on 1/06/18 and the Access America on 2/01/18.
Thanks

Re: PenFed Nextgen Internal Score

Anonymous — Sat, 03 Feb 2018 01:03:19 GMT

You're not going to see your FICO 9 (they don't use nextgen anymore) until the next quarterly review of April 1st.

Re: PenFed Nextgen Internal Score

Anonymous — Sat, 03 Feb 2018 02:10:34 GMT

Oh ok...thank you for the quick reply also.