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New here and looking to join PenFed plus get AUTO LOAN

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Anonymous
Not applicable

Re: PenFed minimum score requirements!!??

@Anonymous

 

 

I have merged multiple threads threads that you have started on basically the same subject.  I realize that you're new to the forums and may not be familiar with forum posting guidelines but starting more than one thread on the same subject is frowned upon and potentially a violation of MyFICO's Forums Terms of Service.  If you have additional thoughts or questions relating to PenFed and an auto loan, please post them in this thread.  Additionally try to review replies to your question as most of what you are asking has been answered several times.  Thank you for your understanding and cooperation.  Good luck with your auto loan.

 

Irish80
MyFICO Moderator

Message 31 of 39
Bcunniff9
Regular Contributor

Re: New here and looking to join PenFed plus get AUTO LOAN

I was approved with EQ 663. Checking, savings, CLOC, auto loan pre approved $25k @10.3%. 14 months out from a BK7.
BK7 Filed | 3/25/2016 | EQ: 530 | EX: 526 | TU: 505
BK7 Discharged | 7/11/2016 | EQ: 535 | EX: 574 | TU: 506
Current FICO 8’s 10/28/2017 | EQ: 680 | EX: 680 | TU: 665
Message 32 of 39
Anonymous
Not applicable

Re: New here and looking to join PenFed plus get AUTO LOAN

Wow congrats man! When you say "14 months out from bk " you mean since it's been removed? I have a couple collections, well 1 on my EQ and could be removed by now since dispute so I'm hopeful.
Message 33 of 39
Bcunniff9
Regular Contributor

Re: New here and looking to join PenFed plus get AUTO LOAN

14 months since discharge

BK7 Filed | 3/25/2016 | EQ: 530 | EX: 526 | TU: 505
BK7 Discharged | 7/11/2016 | EQ: 535 | EX: 574 | TU: 506
Current FICO 8’s 10/28/2017 | EQ: 680 | EX: 680 | TU: 665
Message 34 of 39
Anonymous
Not applicable

Re: New here and looking to join PenFed plus get AUTO LOAN

My wife and I used penFed in the past when they were on their old scoring system for an auto loan. Well, we had custom ordered a new Land Rover Discovery and knew I wanted to go with PenFed since they were great last time. After reading that they switch to the new Fico 9 I went ahead and did a credit check to see where that scored me at. An 805! The highest from any scoring system. So I went ahold and pulled the trigger to see today for an auto app for $58,000 and BOOM! Instant approval for what I've asked for. Also did a Credit Card for one of their reward cards and I about passed out when the lady reads off the credit limit of $37,000!! My next highest card is a capital one travel rewards with 10k limit so I wasn't ever expecting such a high limit. Love PenFed!
Message 35 of 39
Anonymous
Not applicable

Re: New here and looking to join PenFed plus get AUTO LOAN

That's amazing!! What were your regular fico scores if I may ask!
Message 36 of 39
Anonymous
Not applicable

Re: New here and looking to join PenFed plus get AUTO LOAN

From what credit karma says, it's a 730. So a 65 point jump with Fico 9.
Message 37 of 39
Anonymous
Not applicable

Re: New here and looking to join PenFed plus get AUTO LOAN

Ops, 75 points. Math Smiley Tongue
Message 38 of 39
Anonymous
Not applicable

Re: New here and looking to join PenFed plus get AUTO LOAN

Your EQ? Wow, man that gives me so much hope I can't wait! Enjoy the new ride!!
Message 39 of 39
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