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Penfed Auto Refinance Decline/Secured Credit Card Denied

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jbb27885
New Contributor

Penfed Auto Refinance Decline/Secured Credit Card Denied

These guys are ridiculous. Had a cosigner on the auto loan with excellent credit and still denied me. Any ideas where I may go to get a refinance on an auto loan who doesn't want an 850?
5 REPLIES 5
baller4life
Super Contributor

Re: Penfed Auto Refinance Decline/Secured Credit Card Denied

DCU, Digital Credit Union is excellent for auto loans. 670 I believe gets you their best rate.

What were Penfed denial reasons?
Message 2 of 6
jbb27885
New Contributor

Re: Penfed Auto Refinance Decline/Secured Credit Card Denied

I have quite a few lates due to a divorce that I have been dealing with for the past year.
Message 3 of 6
baller4life
Super Contributor

Re: Penfed Auto Refinance Decline/Secured Credit Card Denied

Odd that Penfed wouldn't give you a loan even with a co-signor with excellent credit.
Message 4 of 6
Aduke1122
Senior Contributor

Re: Penfed Auto Refinance Decline/Secured Credit Card Denied

Maybe Navy Fed ? Sorry about Penfed OP
Message 5 of 6
jbb27885
New Contributor

Re: Penfed Auto Refinance Decline/Secured Credit Card Denied

I'm trying to get in with NFCU now. 

Message 6 of 6
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