@Jeffster1 wrote:Personally, I think the PenFed pre-quals mean nothing. I'm gardening but just to test it, I submitted a pre-qual app for the Power Cash Visa twice about 20 minutes apart. The first one gave me a pre-qual for an SL of $20,000. The second one 20 minutes later gave me a pre-qual for an SL of $10,000. 20 minutes apart. Their pre-qual reminds me of a Magic 8 ball or a slot machine.
it's always been a farce in the past, the hope was that the new system was going to be better
it's clearly not - ha
@NoMoreE46 wrote:Did PF cite: "Pyramiding debt" @House1204 ?
@House1204 wrote:I tried the penfed prequalify last week and was prequalified for the gold card with a limit of $7500. I submitted the app and it went to review. I was denied. I have no idea why but I suspect they think I am egyptian. I have had a lot of new accounts and a new personal loan of 25k.
No they just said denied. No reason was given. I guess they are sending a letter in the mail.
penfed prequal is marketing - like everyone else here was approved for 10k and denied , i think penfed is possibly one of the worst credit unions i have and will no longer attempt for any products thru them
@mfinsmi1 wrote:penfed prequal is marketing - like everyone else here was approved for 10k and denied , i think penfed is possibly one of the worst credit unions i have and will no longer attempt for any products thru them
does anybody have a screenshot of the page you click submit on after you're presented with your offer?
inquiry sure seems bogus when the pre-qual pages says "if you choose to accept the card offer"
@GZG wrote:
@mfinsmi1 wrote:penfed prequal is marketing - like everyone else here was approved for 10k and denied , i think penfed is possibly one of the worst credit unions i have and will no longer attempt for any products thru them
does anybody have a screenshot of the page you click submit on after you're presented with your offer?
inquiry sure seems bogus when the pre-qual pages says "if you choose to accept the card offer"
@800wannabe420 wrote:
@GZG wrote:
@mfinsmi1 wrote:penfed prequal is marketing - like everyone else here was approved for 10k and denied , i think penfed is possibly one of the worst credit unions i have and will no longer attempt for any products thru them
does anybody have a screenshot of the page you click submit on after you're presented with your offer?
inquiry sure seems bogus when the pre-qual pages says "if you choose to accept the card offer"
that's really bad imo, they go from "if you accept your offer your credit will be impacted" to "estimated credit amount", I hope they wipe the inquries from the people who were rejected, I would feel misled
it's one thing if you were offered 10-15k and they came back with 5k after underwriting, but to go from 10k to outright denial w/HP?
yikes imo