Penfed Under Review

Honeykissez · ‎03-30-2021

I applied earlier today for the Power Cash card and my application is under review. I then got an email asking for my license, ss card, and a utility bill. Is that usually a good sign? Tia

Discharged BK 8/5/2020
Fico 8: Ex 537 - Tu 522 - Eq 572

8/5/21: Ex 653 - Eq 669 - Tu 727

Rebuilding: 8/21 Secured nfcu $200 - increased by nfcu on 11/7 to $600 - graduated 2/10 $2,000 ~ 9/10 Secured Discover It $200 - graduated 4/22 $1,800 ~ 12/8 Mercury MasterCard $750 unsecured ~ 4/8 Target $1,200 ~ 5/2 Apple Card $850 ~ 5/31 Quicksilver $2000 ~ 8/7 Nfcu Go Rewards $12,500

Anonymous · ‎03-30-2021

I would say so - it means you're still being assessed. If they plan to deny you it's not worth their effort to do an ID verify. It seems that historically on here (for lenders in general), getting to this stage usually is followed by an approval.

FinStar · ‎03-30-2021

It's a sign that the application is moving in the right direction, but this request is preliminary to ensure things are compliant with verifying your identity from the info provided on your application. Once they receive the requested documents it'll move to the next stage of review.

Keep us posted.

Honeykissez · ‎04-01-2021

Just an update. Application is still under review from Tuesday. I called yesterday to check the status and was told that they haven't gotten to my application yet but the rep said my documents were cut off so I sent them again. She verified they were good so the 24-48 hours restarts again supposedly from yesterday 🙄 even tho they never touched my application to begin with.

Discharged BK 8/5/2020
Fico 8: Ex 537 - Tu 522 - Eq 572

8/5/21: Ex 653 - Eq 669 - Tu 727

Rebuilding: 8/21 Secured nfcu $200 - increased by nfcu on 11/7 to $600 - graduated 2/10 $2,000 ~ 9/10 Secured Discover It $200 - graduated 4/22 $1,800 ~ 12/8 Mercury MasterCard $750 unsecured ~ 4/8 Target $1,200 ~ 5/2 Apple Card $850 ~ 5/31 Quicksilver $2000 ~ 8/7 Nfcu Go Rewards $12,500

FinStar · ‎04-01-2021

Sometimes these things can take a little time. I mean, in the grand scheme of things, it's only been a couple days since you applied Give it until this weekend (or early next week) for the results. Not sure if they'll be open tomorrow due to the upcoming holiday.

Anonymous · ‎04-01-2021

Keep calling them, thats ok. I had to call them three times and upload docs three times . Seems like there is an issue with their document upload.Finally got approved today!!

Honeykissez · ‎04-01-2021

@Anonymous wrote:
Keep calling them, thats ok. I had to call them three times and upload docs three times . Seems like there is an issue with their document upload.Finally got approved today!!

Congratulations! I'll check back with them tomorrow afternoon

Discharged BK 8/5/2020
Fico 8: Ex 537 - Tu 522 - Eq 572

8/5/21: Ex 653 - Eq 669 - Tu 727

Rebuilding: 8/21 Secured nfcu $200 - increased by nfcu on 11/7 to $600 - graduated 2/10 $2,000 ~ 9/10 Secured Discover It $200 - graduated 4/22 $1,800 ~ 12/8 Mercury MasterCard $750 unsecured ~ 4/8 Target $1,200 ~ 5/2 Apple Card $850 ~ 5/31 Quicksilver $2000 ~ 8/7 Nfcu Go Rewards $12,500

bettercreditguy1 · ‎04-02-2021

. The app process is similar to when I applied. Unlike instantaneous approvals from other companies, PenFed is detailed about its applicants. If I remember correctly it was about a ten day process.

Their products are awesome, Representatives knowledgeable and polite, and each process for apps or questions highly professional and perfectly executed. If you like white table dining then I highly recommend them with 6 stars. I've been savoring an over 10 year relationship. Best Wishes for success!

Updated scores 3/7/21 TU 849, EQ 829, Ex 818 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience

Anonymous · ‎04-02-2021

Guys, i just casually logged into penfed. When i clicked on applications, i see the application pending now. Yesterday, i got the email approval like i posted. Even the website posted its approved. Now that i see it pending, should i contact them again?

Anonymous · ‎04-02-2021

It wouldn't hurt to see what's going on. I'd give them a call and just nicely ask them if they need anything else.