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Penfed app

Frequent Contributor

Penfed app

Recently denied for Penfed card and since then the equifax score has went up. Is there a way to have them do a new credit pull or do I need to wait the whole 3 months?
Message 1 of 6
5 REPLIES
Community Leader
Super Contributor

Re: Penfed app

How recently did you apply and when was the HP done? Aside from the score (since that's not the only stand-alone factor in their decision), what were the reasons cited for the denial?
Message 2 of 6
New Visitor

Re: Penfed app

What was your score do you have other cards also
Message 3 of 6
Frequent Contributor

Re: Penfed app

The score was low 700s and there was maybe 1 card reporting for 1k but now there is another card reporting for 10k. The first pull was done about a month ago. Both cards are under 4 months. Nothing else reporting, no negatives.

Message 4 of 6
Community Leader
Super Contributor

Re: Penfed app

Personally, I would wait a few more months (~6 at least). If your scores are beginning to rise and your accounts are fairly young, you'll be back to square one and another HP.
Message 5 of 6
Community Leader
Super Contributor

Re: Penfed app

Score alone wont get you an approval. If they didnt like what they saw in your most recent hp, a month or two or a slight rise in score most likely wont help much. 6 months might be better as stated above.
Message 6 of 6