Penfed Under Review

[Honeykissez]

I was denied. I'll stick to nfcu. 

[FinStar]

Oh noes @Honeykissez.  Did they provide any reason(s) as to the denial?

[Honeykissez]

Yea a whole bunch of Bull I believe. I am 7 months post bk but they are bk friendly. I'll try and put the pictures in.

I'm still in rebuild so my revolving accounts are new. I did just get approved for an auto loan with nf last month. And I have student loans that total like $24k and I pay on them even tho I don't have to. I'll just take this loss with a smile on my face and move on. 

[FinStar]

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@Honeykissez wrote:

Yea a whole bunch of Bull I believe. I am 7 months post bk but they are bk friendly. I'll try and put the pictures in.

I'm still in rebuild so my revolving accounts are new. I did just get approved for an auto loan with nf last month. And I have student loans that total like $24k and I pay on them even tho I don't have to. I'll just take this loss with a smile on my face and move on. 

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Thanks for sharing the reasons @Honeykissez. 

While it's not the outcome you had expected, don't let this discourage you from pursuing them in the future.  Sure, the denial may sting at first, but it doesn't mean you won't qualify in the future.  Given that you're still in rebuild mode, just give things some time.  As you know, there's plenty of PenFed [post-BK] success stories and the good thing about them is that they are BK-friendly

[bettercreditguy1]

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@Anonymous wrote:

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?

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Usually Pending means approved. It's the final step to get your file updated in their system, order the new member papers, send the order to  get number ffor your account, get it the CC printed (if that was your product, etc). If I remeber I got an email and then the action began to happen! The documents soon arrived. Best of wishes for sucess and uses for your new card.