Penfed Power Cash Rewards Signature Approval Process

[Anonymous]

Thanks guys. Today I got an email asking for my DL, ssn, utility bill. It also said tentatively approved and asked me to upload the documents. I uploaded them and waiting for the decision. Is this a good sign?

[FinStar]

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@Anonymous wrote:

Thanks guys. Today I got an email asking for my DL, ssn, utility bill. It also said tentatively approved and asked me to upload the documents. I uploaded them and waiting for the decision. Is this a good sign?

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If the approval is contingent on the requested documents + verification, it is a good sign.

[Anonymous]

WOW.. never heard about this before.. definitely keep me posted.

[Anonymous]

@Anonymous thanks for the response. you mean, they have not asked for these docs from anyone?

[Anonymous]

Yes.. i never heard of anyone having to deal with this situation.. it's like you verifying your identity.. i heard of them asking for POI..

[coldfusion]

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@Anonymous wrote:

Yes.. i never heard of anyone having to deal with this situation.. it's like you verifying your identity.. i heard of them asking for POI..

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The request is typical for what jus about any CU will ask for to confirm ID and current address; picture a senario if the OP were named John Smith and lived in a large city. They just want to be doubly sure that they are dealing with the right person, and as @FinStar pointed out above it's a good sign that approval is forthcoming as long as the info requested is provided and checks out.

[Anonymous]

Thank you all. Finally got approved for 15,000 Credit Limit!!! This is my highest approved credit line so far.

Like i said earlier i was asked for DL, SSN, utility bill. Their document upload process is not that solid. So looks like they did not receive the documents properly when i uploaded first. After calling them, i was told "We got your ssn, can you upload utility bill again", then i uploaded utility bill again and then called them. This time they said, "We dont have your DL, can you upload again". Then uploaded DL again and then called them. While i was on the call this third time, got the email saying "Congratulations, you have been approved".

[Anonymous]

That's a lot for this information i was waiting on you.. Congratulations.. my turn next april 8th i'm going for everything.. CLI for my PCR and Pathfinder.  Maybe personal loan as well.   BTW today they just updated my score  equifax 9 from penfed.

[Anonymous]

No problem. All the best for CLI approval.. Do they do auto CLI or is it a hard inquiry based on our request?

[Remedios]

Congratulations on your approval. 

Feel free to start an approval thread if you wish to do so.