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Another Penfed LUV 15K Loan APPROVED

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Frequent Contributor

Another Penfed LUV 15K Loan APPROVED

2 months as a member and Penfed already sending me some LOVE.  After getting approved for PCR with 7.5K SL, checked personal loan approval and pre-approved for up to 20K.  Just ask for 15K so I can transfer some high interest card, the application went to Under Review with an email to send 2 paystubs.  Under Review for the whole weekend (thinking it will be Denied) and finally got an email that it's APPROVED. I was hoping they used 1 HP but I got 2 HP (1 for CC and 1 for PL) but I'm OK with it.  As I read it here to always be ready for a HP when applying.  I was ready for it as most of my inquiries will be dropping off next month. Thanks PenFed, Since I only have savings I will open a checking now and maybe apply for CLOC. Some DP's below:

EQ 746

New Account for the past 6 months - 2

Util 8%

 

 

AAoA 6yrs 8mos
Inquries: TU5/EQ7/EX6
Utilization: less than 12%
Mortgage: 1
Auto Loan: 2
Personal Loan: 1
Derogatory: 0



CREDIT UNION


EX- 585, TU- 583, EQ- 563
CURRENT SCORE UPDATED: 8/2020
Message 1 of 6
5 REPLIES 5
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Regular Contributor

Re: Another Penfed LUV 15K Loan APPROVED

Congrats! I'm surprised you were asked for POI with your profile. May I ask what interest rate you were given?

PenFed Visa Signature $35000 (Opened 6/20) - NFCU More Rewards AMEX $13000 (Opened 1/19) -Capital One World Elite MC $11200 (Opened 11/17) - TTCU Platinum Visa $10000 (Opened 10/18) - Uber Visa $5000 (Opened 1/19) - Target Store Card $2000 (Opened 10/18) - Floor & Decor Store Card $30500 (Opened 10/18)
Total CL - $106700

CH7 BK Filed 8/1/17 Discharged 11/7/17

Scores as of 6/5/20:




Inquiries Last 12 Months:
Message 2 of 6
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Frequent Contributor

Re: Another Penfed LUV 15K Loan APPROVED

@DebtStinks  I got 13%. I'll take it since it's still lower than what my previous loans. Maybe they ask for POI since I'm just a new member. 

AAoA 6yrs 8mos
Inquries: TU5/EQ7/EX6
Utilization: less than 12%
Mortgage: 1
Auto Loan: 2
Personal Loan: 1
Derogatory: 0



CREDIT UNION


EX- 585, TU- 583, EQ- 563
CURRENT SCORE UPDATED: 8/2020
Message 3 of 6
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Super Contributor

Re: Another Penfed LUV 15K Loan APPROVED

Congratulations on your approval!

Message 4 of 6
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Mega Contributor

Re: Another Penfed LUV 15K Loan APPROVED

Message 5 of 6
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Established Contributor

Re: Another Penfed LUV 15K Loan APPROVED

Congratulations on your approval!!







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