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Pentagon Federal Credit Union Data Share

cashorcharge
Valued Contributor

Re: Pentagon Federal Credit Union Data Share

When I joined @Dmessina666, I only opened a Savings Account and it was a SP for membership. The following week, I app'd for the PCR and was approved...EQ HP F9.  A month later I app'd for the Gold, another EQ HP F9. Then realizing I needed the checking to get 2% back on the PCR, I called and opened a checking with them over the phone. No HP for adding the checking account. 

Agree with others that it's a YMMV with them. I wouldn't recommend applying for two credit cards back to back within 30 days however my profile was strong enough to support the approvals. I think I'm very fortunate. 

Message 5791 of 5,841
raisemysc0re
Frequent Contributor

Re: Pentagon Federal Credit Union Data Share

Product(s) approved and Limit: Power Cash Card 25k at 14.99%

EQ 08 Fico: 811 although they used EQ Ficoo 9 which was 831
Penfed Nextgen:

Instant or Review?: Review but they said it was due to system downtime...

POI?(If yes, what type of proof of income) No, but I haave a 2 year old HELOC with them so they already had a semi new POI

AAOA: 65 months
Derogs?: (If you have a BK please list type and discharge date!) None

Util: 4%

Total EQ Inquiries:

                Last 12 months: 1

                Last 6 months: 1
New Accounts in last 12 months: 1
                                 Last 6 months: 1

Chapter-13 filed 11/13 discharged 06/16
Starting MyFico Scores 09/16 - (EQ 630 | TU 581 | EX 592)
Current Scores 9/2020 - (EQ 809| TU 786 | EX 788)

Total CL 172+k

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Message 5792 of 5,841
Loquat
Moderator

Re: Pentagon Federal Credit Union Data Share


@raisemysc0re wrote:

Product(s) approved and Limit: Power Cash Card 25k at 14.99%

EQ 08 Fico: 811 although they used EQ Ficoo 9 which was 831
Penfed Nextgen:

Instant or Review?: Review but they said it was due to system downtime...

POI?(If yes, what type of proof of income) No, but I haave a 2 year old HELOC with them so they already had a semi new POI

AAOA: 65 months
Derogs?: (If you have a BK please list type and discharge date!) None

Util: 4%

Total EQ Inquiries:

                Last 12 months: 1

                Last 6 months: 1
New Accounts in last 12 months: 1
                                 Last 6 months: 1


Very nice @raisemysc0re!  Congrats on your approval.  That's a solid CL and decent interest rate.  I have several products with PenFed as well.  They have been a very solid lender in my experience.  Enjoy your new card when it arrives. 

Message 5793 of 5,841
brad0502
New Contributor

20 month post BK7 PenFed data points

As you might have seen from other posts. I applied after considerable research with PenFed. Opened the account and applied... DECLINED. Reason stated severe derogotory event. (obvioulsy the the BK). Honestly I was really disapointed I saw tons of approvals with similar timeframes of BK's and scores. I did recon. It took over a week to get my request to underwriting. I did get a message lastnight I was DECLINED again...Current TU8 672 EQ8 685 and EX8 689. My EQ9 was 661 on the application. 

Message 5794 of 5,841
oorhett
Valued Member

Re: Pentagon Federal Credit Union Data Share

So after seeing some recent uptick in PenFed Approvals I went ahead and applied for a Savings account last Friday got a request to upload some documents and then an email to call to complete my membership.  Called this morning, they had a difficult time finding my original online application but eventually got me started with a savings account and I added $100 to it. Agent (Older Gentleman) asked me if that was all I said no I think I would like a checking account and a credit card he said ok I can open the checking account up for you but you will need to apply for the card and I can help you or you can do it online. No mention of a credit pull for the checking account nor did he offer that I have to put $500 through that account to avoid maintenance fees. I opted to do the Credit card app online. 

 

Applied for the PCR Visa and got an instant Denial

- Serious Delinquency, and public record or collection filed (This would be my Ch7 BK 05/2019)

- Length of time revolving accounts have been established (Only one showing on EQ is Cap1 02/20)

I do have two others closed:

Petal $1000 04/19 wasn't in my BK but they closed(09/19) because I filed BK

Credit 1 that I opened (09/20) then closed before using it reports closed (10/20 ) 

- Too Many Accounts with Balances ( I have two student loans that show a balance totaling around 11K $925 10/01, $9707 05/15)

- No Recent Revolving Balances ( Cap1 shows $0 whoops should have kept some on it) 

Current EQ Fico 8 according to NFCU is 639 (They show 628)

3 Hard Inquiries (Cap1 02/20, Discover 02/20, Suntrust Bank 01/19)

I now have two additional HP on my EQ Credit (Pentagon FCU-ALEXAND, Pentagon FCU)

 

I did send a secure message to see if they would Recon but have not heard anything yet



BK 7 5/19 Discharged 09/19
Beginning Scores - EQ 579, TU 565
Current Scores(Vantage) - EQ 681, TU 662 / (Fico8/9) EX^8 665 TU^8 639 EQ^9 655
Mortgage (02/21) - EX 670 / TU 663 / EQ 658
Message 5795 of 5,841
James_A
Valued Contributor

Re: Pentagon Federal Credit Union Data Share


@oorhett wrote:

... I did send a secure message to see if they would Recon but have not heard anything yet


Good luck with the recon. I got in with them that way a couple of years ago.

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (11/11/2020): FICO 08 EXP: 747; TU: 762; EQ: 782
2020 Goal Score: 760 across the board


Take the myFICO Fitness Challenge
Message 5796 of 5,841
brad0502
New Contributor

Re: Pentagon Federal Credit Union Data Share

Best of luck with the recon, I got a big ole fat NO on my recon... Hope it goes better for you!

Message 5797 of 5,841
WavysMommy
Contributor

Re: Pentagon Federal Credit Union Data Share

Product(s): Power Cash Rewards, $6500 17.99%
EQ 08 Fico: 658 (as of 12/8/20)
Penfed Nextgen: Unknown
Instant or Review?: Instant
POI? No
AAOA: 8 years
Derogs?: BK7 Discharged August 2019
Util: 12% currently
Total EQ Inquiries:
               Last 12 months: 4
                Last 6 months: 3
New Accounts in last 12 months: 6
                                 Last 6 months: 4

 

Message 5798 of 5,841
newmomnewme
Valued Contributor

Re: Pentagon Federal Credit Union Data Share

Congrats @WavysMommy . 

012019 Fico8/Mortgage Score:
Current Fico9/Fico8/Mortgage Score:
MyGoal Fico8/Mortgage Score:
Take the myFICO Fitness Challenge


Message 5799 of 5,841
sagolous
Member

Re: Pentagon Federal Credit Union Data Share

Product(s): Any
EQ 08 Fico: 711 (as of 12/14/20)
Penfed Nextgen: Unknown
Instant or Review?: Instant
POI? No
AAOA: 6 years 10 months
Derogs?: 2 paid medical collections that probably shouldnt be on my report 
Util: 0%
Total EQ Inquiries:
               Last 12 months: 2 including this one
                Last 6 months: same 
New Accounts in last 12 months: 1
                                 Last 6 months: 1

 

Instant denial. lack of revolving credit. i have no credit cards on my credit report. trying to recon now. doubt it works but we'll see. 

Message 5800 of 5,841
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