Penfed Denial

[Anonymous]

I knew Penfed didn’t like me. Lol. But I figured an auto loan would fair out differently. I applied for a credit card with them 3 years ago and I was denied. I still have one collection that is set to fall off next year, and my EQ 09 is 695. Anywho, just wanted to post that for anyone who may think about applying! And happy car searching of course! 🙃 Any suggestions on Cu’s that aren’t too sensitive to one old collection? I applied at NFCU, and was approved. But I love them and they love me lol. I was just shopping for a possible better rate.

[Anonymous]

Honestly, depending on your scores the dealership could possible best the numbers from the credit unions. I was car shopping back in August. I got pre-approvals from penfed and NFCU. Went to the dealership and Chrysler Capital beat them both with their tier 1 rates. I wound up switching to a lease anyway, but still. I also didn't get shopped around by the dealer. 1 hard inquiry and that was the end of it.

[Chad3304]

YMMV for sure, I was just approved for $50k with a 617, two old CO, 1 paid and 1 unpaid from 2011. Scores lower due to utilization on cards didn’t report the paid balances.

[Anonymous]

@Chad3304
What is YMMV?

[Glen_M]

Yout Mileage May Vary

[Anonymous]

Okay thanks

[Anonymous]

Interesting I had a similar expereince. I'm going to stay far away from them. I Love NFCU