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Penfed Recon Succes!!! Crazy SL!!!

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Anonymous
Not applicable

Penfed Recon Succes!!! Crazy SL!!!

What!!!!!!

 

So guys, i applied for Penfed Promise Visa and was denied. I reconned on the phone and was denied... So i decided to send an e-mail...

 

I sent an e-mail 2 days ago and heard back today. The rep was very nice and said after looking over my application again she was able to approve me for $15k!!!!

 

I was shocked!!!!

 

She than said my name was too long for the credit card so they would be removing my middle name hahaha.

 

Also, i was denied for too many inquiries and too many new accounts.

 

Data points:

 

Equifax Myfico: 728

AAoA: 2 years

3% Utilization

No Derog

$65k income

25 inquiries, 1 in the last 6 months.

Message 1 of 16
15 REPLIES 15
SomewhereIn505
Valued Contributor

Re: Penfed Recon Succes!!! Crazy SL!!!

Congrats and well worth the recon!!!!

3/16/18 FICO9 TU-700 EQ-669 EX-716
6/26/18 FICO9 TU-750, EQ-672, EX-789

Message 2 of 16
Anonymous
Not applicable

Re: Penfed Recon Succes!!! Crazy SL!!!

Congrats on approval , way to go recon success , very nice SL

 

Message 3 of 16
Anonymous
Not applicable

Re: Penfed Recon Succes!!! Crazy SL!!!


@Anonymous wrote:

What!!!!!!

 

So guys, i applied for Penfed Promise Visa and was denied. I reconned on the phone and was denied... So i decided to send an e-mail...

 

I sent an e-mail 2 days ago and heard back today. The rep was very nice and said after looking over my application again she was able to approve me for $15k!!!!

 

I was shocked!!!!

 

She than said my name was too long for the credit card so they would be removing my middle name hahaha.

 

Also, i was denied for too many inquiries and too many new accounts.

 

Data points:

 

Equifax Myfico: 728

AAoA: 2 years

3% Utilization

No Derog

$65k income

25 inquiries, 1 in the last 6 months.


Congratulations! How were you able to overcome the inquiries and too many accounts on the recon?
Message 4 of 16
Malcono
Regular Contributor

Re: Penfed Recon Succes!!! Crazy SL!!!

Congrats on the recon and nice SL!!!

Surprised they ignored all of those inquiries in the end. 



                                                  
                                                                                              
Total Credit: $107,000Utilization: 1%AAoA: 2yrs, 4mthsAoOA: 3yrs, 1mthAoYA: 1yrs, 10mthsBaddies: 0

Message 5 of 16
xaximus
Valued Contributor

Re: Penfed Recon Succes!!! Crazy SL!!!

Congrats on the monster SL! I have heard that when receiving/sending emails regarding service, people at times listen and want to know what's up. In some situations, it has worked out very well! Those customer service surveys at times have a big impact on the revenue/customer relations/retention side so who knows.


Scores - All bureaus 770 +
TCL - Est. $410K
Message 6 of 16
Anonymous
Not applicable

Re: Penfed Recon Succes!!! Crazy SL!!!

Yup the csr lady told me that they are very recon oriented. 

 

How did i overcome inq and too many new accounts?

 

I just told them that I understood why they denied me but if they can look at my score, utilization, no derogs, and payment history instead of focusing on the inquiries and new accounts. I said that i wouldn't even mind starting low as I would like to just start building a relationship with Penfed. I asked them to give me a chance and to look over my credit report one more time and they would see that I'm a good borrower.

 

I went into more detail but thats pretty much it.

Message 7 of 16
JR_TX
Valued Contributor

Re: Penfed Recon Succes!!! Crazy SL!!!

Congrats!

Someone needs to edit definition of “recon” at Wikipedia and point it at your direction! Smiley Happy

New cc TLs : 0/6 ; 0/12 ; 0/24 | HPs EX 0 EQ 1 TU 1 | AAoA 7y7m | UTIL 1% - 3% | $300K+ Total Limits

Message 8 of 16
Anonymous
Not applicable

Re: Penfed Recon Succes!!! Crazy SL!!!


@Anonymous wrote:

Yup the csr lady told me that they are very recon oriented. 

 

How did i overcome inq and too many new accounts?

 

I just told them that I understood why they denied me but if they can look at my score, utilization, no derogs, and payment history instead of focusing on the inquiries and new accounts. I said that i wouldn't even mind starting low as I would like to just start building a relationship with Penfed. I asked them to give me a chance and to look over my credit report one more time and they would see that I'm a good borrower.

 

I went into more detail but thats pretty much it.


That's amazing!
Congratulations!

Message 9 of 16
AverageJoesCredit
Legendary Contributor

Re: Penfed Recon Succes!!! Crazy SL!!!

Awesome job , especially overcoming the 1 inq in 6 months, that's brutalSmiley Wink.

If they looked past all the inquiries and accounts for most of us and concentrated on how we handle our credit, PF and the world would be a much better place to live inSmiley Happy
Message 10 of 16
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