Penfed Promise

[sunilcobain01]

I have been seen lots of good things about Penfed CU in this forum. Therefore, I joined Penfed CU paying $15.00 memebership last night. I got approved. Then I applied for PLOC, flat denial but my CC application for Promie card is under review. What does it mean? Is it also denial? My fico EQ is 686, 30% utilization and 8 inquiries. I logged into my account this morning and it is still under review. Should I call them or just wait for the result? Please chime in your thoughts my ficoers.

[CreditCuriosity]

Means UW are looking at it.. Should know something later today or friday.. Best of luck you should be good on it.

[Anonymous]

Good luck! It is not uncommon for them to take a while to review your application. 

[ddemari]

Good luck! They are pretty fast also in looking at it and making a decesion. 

[sunilcobain01]

Should I wait or call them? What do you folks think?

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@ddemari wrote:

Good luck! They are pretty fast also in looking at it and making a decesion. 

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[CreditCuriosity]

Wait calling won't speed up UW on reviewing your application with penfed.. You will hear today or friday at the latest.. Guessing today sometime. 

[sunilcobain01]

I'll follow your advice and wait for the result. 

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@CreditCuriousity wrote:

Wait calling won't speed up UW on reviewing your application with penfed.. You will hear today or friday at the latest.. Guessing today sometime. 

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[Country_Feller]

Fingers crossed for ya!!

[sunilcobain01]

I got turned down. Reason was "PRESENT OBLIGATIONSSUFF OBLIGATED W/UNSEC INDEBTEDNESS" I'll wait for 6 more months, being my utilization down and app again. 

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@Country_Feller wrote:
Fingers crossed for ya!!

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[CreditCuriosity]

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@sunilcobain01 wrote:

I got turned down. Reason was "PRESENT OBLIGATIONSSUFF OBLIGATED W/UNSEC INDEBTEDNESS" I'll wait for 6 more months, being my utilization down and app again. 

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@Country_Feller wrote:
Fingers crossed for ya!!

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Sorry to hear... Guessing your utilization is high or DTI?