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Pentagon Federal Credit Union Data Share

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Re: PenFed Two HPs Same Day

Does PenFed definitely use FICO 9, or, does PenFed just show you FICO 9 in their credit monitoring and in their app, leading people to assume they use FICO 9 for other stuff? Thanks!



But, I wouldn't actually qualify for a lot of stuff right now. Everything listed is new to my profile since April 2019, except the Exxon card. The AU card hasn't reached TU, so no FICO score on TU yet. I have a ton of hard inquiries March-July 2019. No derogs. Numbers shown are FICO 8, but other FICO variants can be a lot different (for example, Experian Bankcard 2 is 642).
Keepers:

Will be closed by March 2020:

Authorized user / Corporate

Closed but still on reports:

Short-term goal: My stuff is in too much of a state of flux to have one that matters ...
Long-term goal: Legit, meaningful 770s across the board.
Message 5641 of 5,645
New Member

Re: PenFed Two HPs Same Day

I apolgize if this has been covered, but I didn't see it.

 

Has anyone been approved for a Penfed card after they were IIB? I was discharged in 3/18 and included them. They left my savings account alone so I still have an account with them.

Message 5642 of 5,645
Moderator

Re: PenFed Two HPs Same Day


@noswttea4u wrote:

I apolgize if this has been covered, but I didn't see it.

 

Has anyone been approved for a Penfed card after they were IIB? I was discharged in 3/18 and included them. They left my savings account alone so I still have an account with them.


highly doubt it. Most CU's won't touch you for credit needs if you burnt them in a BK and never repaid them back especially more conservative ones like PenFed..  Paying them back might yield better chances although nothing is guranteed and certainly not required if you included them in your BK.  I would personally go after a less conservative CU that you didn't burn for credit needs as other CU's like NFCU will never approve you for credit if you burnt them until you pay them back for an example.

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | 5/3rd | Synovus | Commerce | FNBO | Union Bank | Regions
Message 5643 of 5,645
New Member

Re: PenFed Two HPs Same Day

Pen Fed Pathfinder Rewards Amex

EQ 08 Fico: 673
Penfed Nextgen: 698

Instant or Review?: Instant $7,500 SL

POI?(If yes, what type of proof of income) - No POI

AAOA: not sure 1-2 years
Derogs?: (If you have a BK please list type and discharge date!)  Yes discharged 7/2010

Util: @ 12% when app'd

Total EQ Inquiries: 1 (from PenFed for savings account) [Note: I did get 2nd INQ on EQ for CC]

                Last 12 months: 8

                Last 6 months: 5
New Accounts in last 12 months: Many new accounts 10 Plus
                                 Last 6 months: Same as above

Message 5644 of 5,645

Re: PenFed Two HPs Same Day

I just applied yesterday (and was approved) for a PenFed auto loan refinancing.  I thought since they did a hard pull, that they could use that again when I applied today for a Power Cash Rewards Visa (for which I was also approved - yay!). 

 

Unfortunately, they did a hard pull yesterday and another one today.  I called to ask why and was told that as of two weeks ago, they are no longer allowed to NOT do the multiple hard pulls.  The lady I spoke with told me they had 'gotten in trouble' for doing the subsequent soft pulls, and that moving forward there would be a hard pull for each application.  At least that was her understanding.  Just a heads up to everyone. 

Message 5645 of 5,645
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