@baller4life wrote:
@mowglidude wrote:
@baller4life wrote:
Immediately mowglidude. As soon as your membership is approved.Referred to a LO? Under review...
That's common. You will get your answer by the end of the day. Good luck!
I don't need to call and see if they need to verify income or anything? Just wait?
@baller4life.
I'll chalk up your reply to me as you were still half asleep, you didn't read ALL of my responses, and you hadn't consumed your morning coffee yet. 
@Nevertoolate
As Baller (OP) stated if you have dings on your account with PenFed you'll never get certain offers, but there have been some exceptions to that rule. You've already applied so you can't un-apply now so you might as well apply for something (make sure to ask for a reconsideration regardless if you get approved or denied) but your EQ score is pretty low at 668. I'm personally going to wait to apply at PenFed until my EQ is 100% clean on Dec. 1st or hopefully earlier if I get some luck.
But like this thread has clearly shown some lucky people have been given CRAZY starting CL of $30K+ with a BK showing on their files with PenFed.
App and post what happens.
We have to agree to disagree on this Baller.
Yes, it's POSSIBLE to get approved with Penfed for a CC or PLOC with both a BK and a sub 680 EQ score. But it's also possible that you and I could both win the Powerball lottery tomorrow and then be able to build our own massive swimming pools of jello or pudding. Is this likely no, possible yes!
Like many of the established big credit people on here, I don't want toy cards or a toy card type credit limit like this guy ultimately got approved for ($1,500) with PenFed.
For some people that's a huge starting credit limit or their happy they even received an approval of anything. It's all about one's personal credit expectations and goals.
I'm a patient SOB (forced gardening 47 months as of 6/1) and their needs to be another 0 in that starting CL for me to app with PenFed.
To me, it's way too much risk for a flat out denial and you said it yourself about being put in a negative bucket FOREVER possibly if you app with existing baddies on your file with PenFed.
For me waiting another 6 1/2 months until my EQ is 100% clean and the same advice I gave the other guy (wait 11 months until his BK falls off not 9 years like you wrongly thought) makes more LONG TERM not short term sense to me. But we live in an instant gratification society now sadly.
The juice isn't worth the squeeze IMHO.
Two cents
Yes, it's POSSIBLE to get approved with Penfed for a CC or PLOC with both a BK and a sub 680 EQ score. But it's also possible that you and I could both win the Powerball lottery tomorrow and then be able to build our own massive swimming pools of jello or pudding. Is this likely no, possible yes!
Like many of the established big credit people on here, I don't want toy cards or a toy card type credit limit like this guy ultimately got approved for ($1,500) with PenFed.
For some people that's a huge starting credit limit or their happy they even received an approval of anything. It's all about one's personal credit expectations and goals.
I'm a patient SOB (forced gardening 47 months as of 6/1) and their needs to be another 0 in that starting CL for me to app with PenFed.
To me, it's way too much risk for a flat out denial and you said it yourself about being put in a negative bucket FOREVER possibly if you app with existing baddies on your file with PenFed.
For me waiting another 6 1/2 months until my EQ is 100% clean and the same advice I gave the other guy (wait 11 months until his BK falls off not 9 years like you wrongly thought) makes more LONG TERM not short term sense to me. But we live in an instant gratification society now sadly.
The juice isn't worth the squeeze IMHO.
Two cents
@Anonymous wrote:
We have to agree to disagree on this Baller.
Yes, it's POSSIBLE to get approved with Penfed for a CC or PLOC with both a BK and a sub 680 EQ score. But it's also possible that you and I could both win the Powerball lottery tomorrow and then be able to build our own massive swimming pools of jello or pudding. Is this likely no, possible yes!
Like many of the established big credit people on here, I don't want toy cards or a toy card type credit limit like this guy ultimately got approved for ($1,500) with PenFed.
For some people that's a huge starting credit limit or their happy they even received an approval of anything. It's all about one's personal credit expectations and goals.
I'm a patient SOB (forced gardening 47 months as of 6/1) and their needs to be another 0 in that starting CL for me to app with PenFed.
To me, it's way too much risk for a flat out denial and you said it yourself about being put in a negative bucket FOREVER possibly if you app with existing baddies on your file with PenFed.
For me waiting another 6 1/2 months until my EQ is 100% clean and the same advice I gave the other guy (wait 11 months until his BK falls off not 9 years like you wrongly thought) makes more LONG TERM not short term sense to me. But we live in an instant gratification society now sadly.
The juice isn't worth the squeeze IMHO.
Two cents
Alot of truth in what you just said. I totally agree. And had he not already joined and taken the hp, I probably would have suggested he wait. However given the huge success stories posted here for those with bks, I didn't see the harm in him giving it a shot. And I'm pretty confident he will get a much higher limit on recon.
I only speaky the truthy Ms. Baller. 
We agree on him waiting "if" he hadn't already applied for a PenFed membership and got hit with a HP. I then also agreed with you about saying you got hit with the HP you might as well apply for a product to see what happens. Then I said if it was "me" I would wait until the BK was off.
No right or wrong way, it's all about taking calculated credit risks versus the credit rewards.
P.S When I apply for my PLOC/CC at RBFCU in a few weeks I'm going to wear a t-shirt that says, "Baller was robbed a hard inquiry by RBFCU."
We agree on him waiting "if" he hadn't already applied for a PenFed membership and got hit with a HP. I then also agreed with you about saying you got hit with the HP you might as well apply for a product to see what happens. Then I said if it was "me" I would wait until the BK was off.
No right or wrong way, it's all about taking calculated credit risks versus the credit rewards.
P.S When I apply for my PLOC/CC at RBFCU in a few weeks I'm going to wear a t-shirt that says, "Baller was robbed a hard inquiry by RBFCU."
