Currently working on Recon.

[Anonymous]

My BK was discharged March of 2018.  I closed a business after 9 years   Since then, have built a pretty healthy credit file, and looking to join a great CU.  After reading posts on this forum, I decided to bite the bullet and go for Penfed.  I took advantage of the 90day HP, and applied for a few products.  After a few days of "review", got the dreaded "turned down" outcome.  760 Fico 9 score.  Reason for denial? Bankruptcy.

Upon speaking to the representative, she advised e-mailing a reconsideration letter.  I went ahead and e-mailed and faxed.  My question is, how long does the recon process take?  And has anyone had success with a situation similar to mine?  I have nothing derogatory on my report, other than the BK.  All accounts are current and paid on time.

Any information would be helpful!  Thanks, friends!!!

[Anonymous]

Correction: BK discharged March 2017

[Anonymous]

You have a Bk in 2017 and have a mid 700 FICO 09??

[Anonymous]

Oh sorry apparently I can’t read. 😐

[Anonymous]

Yes,  I was surprised to see that.  My Fico 8's are still teetering around 650 (TU and EX) and 703 (EQ)

[FireMedic1]

Penfed isnt easy to get as I have seen. Gotta be others out there you could be approved for that far out from BK and your scores.

[Anonymous]

Aftiver,
I applied for a used auto loan and promise card on 12/6 and was instantly denied. I sent recon emails same day. Got a generated message that my info was forward over to LO for review. 12/7 called on status (that was a Friday) and was told give it til Monday. Nothing Monday, so I called Tues and was told cc reconsideration denied but auto loan “conditionally approved “ pending collateral info. So if you don’t hear by today i’d just give them a call. My scores are nowhere near yours (650 EQ09) and discharged recently 10/22/18, so you may have a good chance. Just an FYI though, they HP for my application on 12/6 then I received a notice that I got another HP 12/7. I didn’t know they could HP you again for reconsiderations but I posted on another thread and was told they could do that. Good luck to you, hope you get some good news before going into the weekend. 🙂

[Anonymous]

iluvcoffee ,

Thanks for the feedback, and sending positive vibes for you auto loan.  I sent e-mails, and followed up with a phone call.  Was denied on the spot by a loan officer.   The LO was very dismissive and not willing to listen or offer any suggestions for obtaining credit in the future.  I did receive a few e-mails this morning saying my applications are pending review.  I'm not sure how that happened.  Guess we will see...