Pentagon Federal Credit Union Data Share

[TIPPY-BOB]

That's awesome 🤩! Thanks for sharing. 

CLARIFICATION: Did you apply for and get approved for all 3 at the same time?

[FireMedic04]

I noticed folks posting EQ Fico 8 scores here. I thought Penfed ran Eq Fico 9?

[SB_F]

@FireMedic04  I put my EQ Fico 8 as that's what everybody else seemed to be doing. But I just checked and my EQ Fico 9 is the exact same score.

[EvCrvz]

Product(s) approved: PCR @ 10k

EQ 08 Fico: 672 but EQ9 is 622
Penfed Nextgen: unknown

Instant or Review?: Instant

POI?(If yes, what type of proof of income) N/A

AAOA: 1 yr 10 mo 
Derogs?: 1 Collection 7/2016

Util: 16%

Total EQ Inquiries:

                Last 12 months: 14 - 10 came from Homebuying process (rescore)

                Last 6 months: 5

New Accounts in last 12 months: 4
                                 Last 6 months: 4

I've had a Savings account with the $5 min in it for 2 years before actually applying for a product. Never received any offers.  After my home closed last October, I took a shot and was approved for Gold $10k. Waited for my 91/3 (since the CSR recommended this) and applied cold for PCR.  I'm definitely feeling the PenFed Luv 🌱

[Anonymous]

Without reading 584 pages of posts, I wanted to share a DP for everyone that may help somebody out.

A friend at work that I have been helping with credit came up to me today. She had gotten a mailer from PenFed similar to the one quite a few of us got last fall for the PCR and membership (hers was for the PenFed Gold). She remembered our conversation about the card, process, and the products that PenFed offers, so she took the bait and apped - approved for $8750. 

This is a good approval. What made it worth posting about is that although she has low 700 scores, she had high utilization on her Apple Card (~70%), a four month old mortgage, and she has a BK7 on her reports that is only about four years since discharge. 

I don't know what other DPs are in here about PenFed relating to BK, but as a CU they're known to be likely more sensitive to DTI than some big banks, and she has a new $144k mortgage and some CC debt on her approximately $50k salary. I'm impressed with the approval. She took it mainly for the 12-month 0% BT offer.

Hope this helps someone out there!

[cashorcharge]

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@Anonymous wrote:

Without reading 584 pages of posts, I wanted to share a DP for everyone that may help somebody out.

A friend at work that I have been helping with credit came up to me today. She had gotten a mailer from PenFed similar to the one quite a few of us got last fall for the PCR and membership (hers was for the PenFed Gold). She remembered our conversation about the card, process, and the products that PenFed offers, so she took the bait and apped - approved for $8750. 

This is a good approval. What made it worth posting about is that although she has low 700 scores, she had high utilization on her Apple Card (~70%), a four month old mortgage, and she has a BK7 on her reports that is only about four years since discharge. 

I don't know what other DPs are in here about PenFed relating to BK, but as a CU they're known to be likely more sensitive to DTI than some big banks, and she has a new $144k mortgage and some CC debt on her approximately $50k salary. I'm impressed with the approval. She took it mainly for the 12-month 0% BT offer.

Hope this helps someone out there!

---

Thanks for sharing @Anonymous 

I have been helping a friend too and attempting to lean them towards Penfed.  Agreed, that is a good approval 

[ncogngro]

Well I thought that I should try my luck in applying to the PCR card.  Four months post CH7 D/C.  Declined.  Here's my DP:

Product: Power Cash Rewards
EQ 08 Fico: 674  EQ 09 Fico: 740
Instant or Review: Reviewed then declined

POI: None

AAOA: 6 years 5 months
Derogs?: BK7 Discharged 11/05/20

Util: 2%

Total EQ Inquiries: 3

Last 12 months: 3

Last 6 months:2

New Accounts in last 12 months: 3
Last 6 months: 3

[4sallypat]

What is a PenFed Nextgen score ?

How do I get that score as a PenFed member ??

[Anonymous]

Nextgen was an internal score they used a few years ago but I don't believe it's still a factor. These days it's EQ09.

[smittyb]

>>>Waited for my 91/3 (since the CSR recommended this)

What is a 91/3?