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Approved for 2nd small Penfed auto refinance on a 2004 model

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12njoy
Super Contributor

Approved for 2nd small Penfed auto refinance on a 2004 model

I was recently approved for two credit cards, thrifty OD, auto refinance 18k so I had a small auto loan on a 2004 that I took out 2 years ago to help with my rebuild.  This loan was with NFCU at 6.9% and was paid up for a year in advance.  Figured I would try Penfed again for $3,600 @ 36 months.  Approved for 1.9% on a 2004.  Unbelievable.  Will use this loan to help establish repayment history with Penfed. 

(Formerly known as: Credit is my hobby (2M)/TCL objective)
___________ 12Njoy
FICO - EX 825; EQ 807; TU 810 I'm climbing back to 800+
Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: Approved for 2nd small Penfed auto refinance on a 2004 model


@12njoy wrote:

@I was recently approved for two credit cards, thrifty OD, auto refinance 18k so I had a small auto loan on a 2004 that I took out 2 years ago to help with my rebuild.  This loan was with NFCU at 6.9% and was paid up for a year in advance.  Figured I would try Penfed again for $3,600 @ 36 months.  Approved for 1.9% on a 2004.  Unbelievable.  Will use this loan to help establish repayment history with Penfed. 


Outstanding, 12njoy!

Message 2 of 6
12njoy
Super Contributor

Re: Approved for 2nd small Penfed auto refinance on a 2004 model


@Anonymous wrote:

@12njoy wrote:

@I was recently approved for two credit cards, thrifty OD, auto refinance 18k so I had a small auto loan on a 2004 that I took out 2 years ago to help with my rebuild.  This loan was with NFCU at 6.9% and was paid up for a year in advance.  Figured I would try Penfed again for $3,600 @ 36 months.  Approved for 1.9% on a 2004.  Unbelievable.  Will use this loan to help establish repayment history with Penfed. 


Outstanding, 12njoy!


Thanks Musiclover

(Formerly known as: Credit is my hobby (2M)/TCL objective)
___________ 12Njoy
FICO - EX 825; EQ 807; TU 810 I'm climbing back to 800+
Message 3 of 6
Anonymous
Not applicable

Re: Approved for 2nd small Penfed auto refinance on a 2004 model

Congratulations.  I really do love PenFed, they are awesome.  By far my favorite lender right now!

Message 4 of 6
RonM21
Valued Contributor

Re: Approved for 2nd small Penfed auto refinance on a 2004 model

Nice. Penfed seems to have good offers for these situations.


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 5 of 6
12njoy
Super Contributor

Re: Approved for 2nd small Penfed auto refinance on a 2004 model


@RM21 wrote:
Nice. Penfed seems to have good offers for these situations.

they do

(Formerly known as: Credit is my hobby (2M)/TCL objective)
___________ 12Njoy
FICO - EX 825; EQ 807; TU 810 I'm climbing back to 800+
Message 6 of 6
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