My PLOC experiences

[Anonymous]

I applied for a 50k ploc at TD Bank, i was deined because i didnt have a cc with a 50k line of credit...

however they made a counter offer for 25k at 12.25% apr ,using experian score 2 (mortgage) at 735.

Santander denied me twice ,using experian score 8 first time 80 days ago was at 687 , second time 705 .

Penfed of course denied me twice , not suprised eveyone here is complaining about there denials...ironically there rates are very high!

[Anonymous]

Thanks for sharing and congrats on the approval.

[Marcos8]

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@Anonymous wrote:

I applied for a 50k ploc at TD Bank, i was deined because i didnt have a cc with a 50k line of credit...

however they made a counter offer for 25k at 12.25% apr ,using experian score 2 (mortgage) at 735.

Santander denied me twice ,using experian score 8 first time 80 days ago was at 687 , second time 705 .

Penfed of course denied me twice , not suprised eveyone here is complaining about there denials...ironically there rates are very high!

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Can you elaborate a little on the specifics of your app? I have been looking to add another PLOC to my profile. Did you have an existing relationship with TDbank or did you have to open some other type of account with them first? Was it a single inquiry or multiple and which bureaus? Any info would be appreciated and congrats! 

[Anonymous]

I had a checking account open with TD for about a year before applying for the ploc.

TD made a hard pull on experian (they used the mortgage score of experian which i think is called experian score 2)

Btw santander finally approved me after applying for a third time (these guys use the regular experian 8 score)