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APPROVED FOR PENFED PLOC

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Carlile92
Regular Contributor

APPROVED FOR PENFED PLOC

I really cant believe it they denied me for every other thing I applied for with them but approved me for a personal line of credit for only 500$ but it will give me a chance to show them what I can do and be approved for an auto loan for a measly 1.99% and also a credit card that will grow to a huge cl
Fico's in 500s across all three and one nfcu nrewards card with 2k limit for rebuilding
Message 1 of 16
15 REPLIES 15
CS800
Super Contributor

Re: APPROVED FOR PENFED PLOC


@Carlile92 wrote:
I really cant believe it they denied me for every other thing I applied for with them but approved me for a personal line of credit for only 500$ but it will give me a chance to show them what I can do and be approved for an auto loan for a measly 1.99% and also a credit card that will grow to a huge cl

Nice

 

Penfed shut me down for a CC.

 

The PLOC was instant approval?




Message 2 of 16
Carlile92
Regular Contributor

Re: APPROVED FOR PENFED PLOC

Ya right I didn't get instant I had to recon the hell out of it seen two loan officers took over a week
Fico's in 500s across all three and one nfcu nrewards card with 2k limit for rebuilding
Message 3 of 16
CS800
Super Contributor

Re: APPROVED FOR PENFED PLOC

I wonder if they use the same pull they would use for CCand auto for 90 days. If they use it for the PLOC also




Message 4 of 16
Carlile92
Regular Contributor

Re: APPROVED FOR PENFED PLOC

They did I love penfed
Fico's in 500s across all three and one nfcu nrewards card with 2k limit for rebuilding
Message 5 of 16
CS800
Super Contributor

Re: APPROVED FOR PENFED PLOC

Glad your recon worked, mine was shot down pretty quick. But nevertheless, great CU to be with. I just have to earn my way the hard way with them Smiley Happy




Message 6 of 16
andyaycw
Frequent Contributor

Re: APPROVED FOR PENFED PLOC


@Carlile92 wrote:
I really cant believe it they denied me for every other thing I applied for with them but approved me for a personal line of credit for only 500$ but it will give me a chance to show them what I can do and be approved for an auto loan for a measly 1.99% and also a credit card that will grow to a huge cl

Congrats! Penfed started me out with just $500 on their Visa Platinum Cash Rewards CC. In just two years it grew to $23k. Penfed does grow with you if you treat them right.


Starting Score: EQ 773, TU 766
Current Score (2/25/2017): EX 813, EQ 823, TU 818
Goal Score: 800


Take the FICO Fitness Challenge
Message 7 of 16
Anonymous
Not applicable

Re: APPROVED FOR PENFED PLOC

I've gotten over the idea of credit products from PenFed. It's very unlikely I'll be the kind of customer they want in a time frame that works for us both.

Message 8 of 16
CS800
Super Contributor

Re: APPROVED FOR PENFED PLOC

They didnt even counter or recon with me. I guess I will see how it goes with them .If it doesnt go well, I'll stick with USAA who gave me an AMEX 4 days after Penfed denied me.




Message 9 of 16
Anonymous
Not applicable

Re: APPROVED FOR PENFED PLOC


@CS800 wrote:

They didnt even counter or recon with me. I guess I will see how it goes with them .If it doesnt go well, I'll stick with USAA who gave me an AMEX 4 days after Penfed denied me.


PenFed really is a great place for people with perfect credit or who meet their criteria.

Message 10 of 16
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