Pen Fed Gold Approval odds 1 yr post bk

[Shopaholic824]

Hi all! It's been quite some time since my last post. I had the misfortune of filing for bankruptcy June 2019 and was DC'ed October of 2019. Burned the following: Nordstrom, Cap 1 (Venture), Chase (CSP), and Citi (AA). I had a car loan which I kept as it was about halfway paid off and good payment history.

3 Months post-DC I applied and received Discover It (secured-- now graduated to unsecured w/$1800 CL) and Ollo (unsecured with $3k CL). While both have been fine, I am looking to start rebuild with larger banks. I have a new savings acct relationship w/ Pen Fed and wanted to get any feedback on approval odds for Pen Fed Gold card. Scores are as follows (updated today): Experian Fico Score 8 (677), Equifax (690), TU (665). Income is $55k.

I have 1% revolving utilization and roughly $16k left on my car loan. Student loans are deferred at the moment.

2 Inquiries total from Discover and Ollo and AAOC is 6 yrs and 3 months. I may additionally open a Capital One Platinum which I have on pre-approval and close out my Ollo since it has no rewards or growth really.

Any feedback or advice is appreciated!  

[newmomnewme]

PenFed pulls EQ 9. Do you know what your score is? Did you take a HP for membership?  I can't speak on the BK, but my score was 670s when I was approved for the PCR in August. $3500 17.99% Yikes!! But, it's my only 2% CB card, so I use it! 

There is a huge thread...PenFed data share I think...there may be some dp similar to yours. 

[Shopaholic824]

@newmomnewme I do not unfortunately-- I acquired my scores directly from Experian. They didn't take a HP for membership and I've had the savings acct open for about 2 months now. BK was Ch.7 so I also don't know if the BK type affects it at all.

[AllZero]

For your reading pleasure. Pentagon Federal Credit Union Data Share

[newmomnewme]

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Pentagon-Federal-Credit-Union-Data-Share/m... 

its a lot, but I know I saw BK dp in there..some approvals I believe! Navy gives the EQ 9 for free...I'm not sure if there are any other free options. If you find any success stories, I would pull your EQ 9 before you go for it. My 9s are higher than my 8s only because paid collections are calculated differently in each model. 

others will probably chime in with more info. @Shopaholic824 

[Anonymous]

@Shopaholic824  I was DC'd from bk ch. 7 in Feb 2020 and was approved for the PCR from PenFed Nov. 14 for $2,500 with the 17.99% APR. MY EQ 9 was 686 when I apped. I'm new to rebuilding but I think the odds are in your favor for an approval if I was able to get approved lol.....good luck with whatever you do. 

[Shopaholic824]

@Anonymous Did you go through the PCR Visa Signature application or was there a second option for PCR?

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[Shopaholic824]

Update: I applied and the site crashed on me. Anxiety-inducing since their customer service offices are closed until 7a EST tomorrow! Do not want to resubmit in the event it results in two HPs :/

I have sent an email and will follow up with them via phone tomorrow.

[newmomnewme]

@Shopaholic824  Try to relax. Did you app for the gold or PCR? Either way, may the odds be in your favor! You got this! 

[Anonymous]

@Shopaholic824  I went through the Visa signature app and it popped up a screen that I couldn't be approved for the signature at this moment but with the counter offer for the regular Visa.  Hope that helps some, let us know how the call goes today.....fingers crossed for you.