PenFed apps

[Anonymous]

Could somebody refresh my memory how long PenFed will hold onto your credit report before they will require another pull for new products? I can't remember if it's 30 or 90 days, thank you.

[Anonymous]

It was a fairly consistent policy of 90 days.....but not anymore as some are seeing consistent 30 days. I'm not saying it definitely will not be 90 days. I am saying, for any new product or CLI, you should expect a HP over 30 days. If a possible HP is your worst nightmare, then think twice, because it could result in one......or complete any actions within 30 days.

[Anonymous]

Plan on 30 - I'm planning on trying to do everything over the course of 2 days, wish me luck!

[TXinandout]

Are you going for Penfed now? 

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@Anonymous wrote:

Plan on 30 - I'm planning on trying to do everything over the course of 2 days, wish me luck!

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[Anonymous]

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@TXinandout wrote:

Are you going for Penfed now? 

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@Anonymous wrote:

Plan on 30 - I'm planning on trying to do everything over the course of 2 days, wish me luck!

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Yeah, everything seems pretty much lined up for it - I've got some new utilization coming that will drop my score next month, so I believe I will 'strike while the iron is hot' as the phrase goes...I plan to do this tomorrow, so look for my rebuild thread (link in sig) to have some updates!

[TXinandout]

You know we'll be waiting for the update in the BK forum 

Good luck!

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@Anonymous wrote:

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@TXinandout wrote:

Are you going for Penfed now? 

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@Anonymous wrote:

Plan on 30 - I'm planning on trying to do everything over the course of 2 days, wish me luck!

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Yeah, everything seems pretty much lined up for it - I've got some new utilization coming that will drop my score next month, so I believe I will 'strike while the iron is hot' as the phrase goes...I plan to do this tomorrow, so look for my rebuild thread (link in sig) to have some updates!

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[AverageJoesCredit]

Good luck Tyger

[Anonymous]

And the verdict is...

I chickened out  

Having gotten all aforementioned ducks into the proverbial row, I did one final gut check and came to the following conclusion:

1. I am being greedy/impatient

2. this app is premature

I have a major app (auto loan) that has to happen before July when my lease expires.  I won't be 1-yr post-DC until the end of April, and that is also when my first Cap One app goes 1yr+.  PenFed is 5x more squirrely under 1-yr, so why poke the albeit very nice bear before I need to?

So with apologies to those in whom my above statements have built great expectation, this plan has been officially put on pause until May 1...I'll see you then

[TXinandout]

I think it was the best decision, just wait for your year anniversary and go for it. I know I'm trying in June (1year mark). 

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@Anonymous wrote:

And the verdict is...

I chickened out  

Having gotten all aforementioned ducks into the proverbial row, I did one final gut check and came to the following conclusion:

1. I am being greedy/impatient

2. this app is premature

I have a major app (auto loan) that has to happen before July when my lease expires.  I won't be 1-yr post-DC until the end of April, and that is also when my first Cap One app goes 1yr+.  PenFed is 5x more squirrely under 1-yr, so why poke the albeit very nice bear before I need to?

So with apologies to those in whom my above statements have built great expectation, this plan has been officially put on pause until May 1...I'll see you then

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[Anonymous]

even if they use the orginal hard pull.......will there also be a soft pull to check the current credit situation?