PenFed Denial

[Anonymous]

I called and spoke with the LO and he stated there wasn't anything they could do for me. My score is below the minimum they need I guess. He said the lowest before they extend offers is 640 and my score is 636.

Kind of seems weird they can't reconsider or overwrite 4 points but I guess I'll give it 90 days and try again. I should be over 640 at that point and maybe they will extend their hand to me.

[AverageJoesCredit]

You can also send them a secure message explaining youd like a reconsideration and explain why. My gut says the first reason given is their main one, famous for pyramids and the others are just ones given taken from your credit report. If i were to look at my report it seems to always too many inqs in last 12 months or not enough time established etc.

Best of luck , PF is a great CU that at least listens to its members

[AverageJoesCredit]

Ok welll at least you know where to shoot for

[Anonymous]

Yeah I wanted to at least see where I stand and what kind of time frame it would be until I could get some of their products.

I think I'll just wait it out until the end of the year. I'll have more stuff paid off at that point, collections will drop off, and I should be able to grow more of my cards along the way...

[Blackswizz750]

They told me the minumun has been 643 and the inq's got me.

[kugel]

Sorry
Home many inquiries do U have ?

[Anonymous]

I think it's at 11 or 12 so I see where they can ding me on that for sure.

[kugel]

Is that PenFed fico score ?

[Anonymous]

That's my EQ FICO 8 score. They did not tell me what their FICO NextGen score was over the phone.

[Anonymous]

UPDATE!!!

I got the denial letter and it shows that my score from their system is 574 at the moment so it's way below what they are wanting at this time.

BUT... I got an email from a rep this morning wanting to talk to me about my history and about reconsidering me for their products, so I emailed him back and we shall see what happens...