I'm currently 5 months post chp7 discharge and was able to gain a membersip with Penfed. The only reason I applied for a Promise VISA and personal LOC is because of the success stories I've seen on these forums. However, I was denied for both products. One stated utilization of accounts, too many new accounts, and/or derogatoty record as reasons for denial, and the other simply stated bankruptcy. When I called and inquired about the decision, the representative said they flat out deny everyone who isn't at least 2 years discharged. He even verified this with a loan officier. I still emailed a recon and got this response back today
You may submit a request for reconsideration with your explanation and documentation of the incorrect information by email by replying to this email, or by mail or fax to:
Pentagon Federal Credit Union
PO Box 70046
Springfield, OR 97475-0103
Fax: 1-800-278-2212 or 541-345-0512
If you wish to add an additional person(s) to the application, other than your spouse, please have that person go to the following link(s) to download and print a Joint Borrower Application and Consent form:
For joint borrowers that are non-PenFed members, please use this form:
The completed and signed Joint borrower Authorization and Consent form must be notarized if the joint borrower is not a PenFed member. The completed Joint Borrower Authorization and Consent form should be submitted with your request for reconsideration to add a joint for consideration.
Please feel free to reply if you need further assistance.
Consumer Loan Processor
PenFed Credit Union
So, Im not sure what will come about from this recon.