PenFed - Very Inconsistent with approvals

[M_Smart007]

Congrats on your PenFed approval. / Better than a denial.

[greatscott85]

Congratulations!

I am aware of a similar struggle, suffering for 6 years from a mistake you didn't even make. In my case, ex-wife took out a CC in my name and never paid. I tried to get her to pay, even court ordered yet no dice. Held me back for years. So I feel this post!

FWIW, as you know, it's a marathon and this game we play is one of the few where time becomes your ally as it heals all. "Time is my enemy, except on my credit score" haha. Keep reading these forums, you'll find another gem in the rough .

[SUPERSQUID]

@ToofDoc 

I am sort of in the same boat as you, scores are good but my bk7 was dc 12/2019.

Somehow i think if you waited a couple of weeks more until you were 2 yrs post bk things would have been different, i'm only guessing.

My guess is based on what nfcu does in general, 2 years post bk makes a difference with them for some people, less than post 2 years they seem not to be fond of, ymmv.

Presently i want a cc with nfcu but i am waiting it out until after dec when i'm post 2 yrs bk.

On the nfcu prequal page it only shows the nrewards.

I would also like the walmart card. until yesterday i got nil on the prequal page but yesterday it told me i prequalify but i didnt follow through right now.

A similar thing happened with discover, discover gave me nothing on their prequal page , not even the secured. Then at 1 1/2 years post bk BANG approved for any of their cards with a 3k sl.

i'm learning sometimes its a waiting game.

[ChargedUp]

Congrats on at least getting your foot in the door!

PenFed has never given me much love either... I haven't given them a whole lot of swipes in return either. I think the most I've ran through this card was a set of tires and a new water heater.

They definitely seem like they want a banking relationship, but they haven't really given me a solid reason to ditch my current CU for their services, along with the fact that they have no branches anywhere in my state. While holding my current PCR CL, they also keep pushing car loans and a $40K personal loan at me.

If you really want a relationship with PenFed, use the card, PIF, and ask for a CLI in about 6-9 months (or 12 months... remember it's a HP every time with these guys.) Let the BK age and eventually fall off and the doors should open wider in due time.

[ToofDoc]

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@SUPERSQUID wrote:

A similar thing happened with discover, discover gave me nothing on their prequal page , not even the secured. Then at 1 1/2 years post bk BANG approved for any of their cards with a 3k sl.

i'm learning sometimes its a waiting game.

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Thanks for the feedback! Did you burn Discover in your bankruptcy? They were IIB with me.

[SUPERSQUID]

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@ToofDoc wrote:

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@SUPERSQUID wrote:

A similar thing happened with discover, discover gave me nothing on their prequal page , not even the secured. Then at 1 1/2 years post bk BANG approved for any of their cards with a 3k sl.

i'm learning sometimes its a waiting game.

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Thanks for the feedback! Did you burn Discover in your bankruptcy? They were IIB with me.

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No i did not burn discover, i never had a discover card until lately. i burned chase big time, td bank and cap 1 to name the biggies. i paid off a few before my monetary collapse, 2 citi cards 8k and 6k, an unsecured loan for 10k from lending club, an unsecured loan from prosper 10k,  a 4k card with commenity, and 1 card with chase for 5300. cap 1 let me back in at around 1 1/2 years post bk even though i burned them for about 5k, commenity treats me like doodoo, i have no hope of getting a chase card again in this lifetime.

i have a savings acct with penfed with a small balance but i dont like their checking which requires a 500 minimum.

I have a checking/savings with nfcu and use the checking regularly but i shy away from transferring one of my dd's to them because they have no branch in my state.