cancel
Showing results for 
Search instead for 
Did you mean: 

PenFed Credit Union Membership

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Highlighted
Senior Contributor

Re: I am a new PenFed Member Yay!!!


@The-Credit-Disciple wrote:

Will it be the same HP they used for the membership app? Because I have not gotten a notification yet from that pull


Expect hard pull for membership. Expect another hard pull for CC application. Be thankful if they only do one.

 

Message 21 of 36
Highlighted
Frequent Contributor

Re: I am a new PenFed Member Yay!!!

Should I apply?

Data points

EQ 723

 

8 accounts opened in the last 18 months

15% UTI across all accounts

No lates

 

 

Message 22 of 36
Highlighted
Senior Contributor

Re: I am a new PenFed Member Yay!!!

What's your 6 and 12?

Message 23 of 36
Highlighted
Senior Contributor

Re: I am a new PenFed Member Yay!!!

Clean score card, no derogatory?

Message 24 of 36
Highlighted
Community Leader
Senior Contributor

Re: I am a new PenFed Member Yay!!!


@The-Credit-Disciple wrote:

Should I apply?

Data points

EQ 723

 

8 accounts opened in the last 18 months

15% UTI across all accounts

No lates

 

 


I think you have a legitimate shot Smiley Happy

EXP 763 TU 793 EQ 734
Message 25 of 36
Highlighted
Frequent Contributor

Re: I am a new PenFed Member Yay!!!

I have no derogatory on Equifax.

Only a few on Experian

Message 26 of 36
Highlighted
Frequent Contributor

Re: I am a new PenFed Member Yay!!!

5 medical baddies on Experian

Message 27 of 36
Highlighted
Frequent Contributor

Re: I am a new PenFed Member Yay!!!

My last account opened was last month. 5 in the last 12 months

Message 28 of 36
Highlighted
Senior Contributor

Re: I am a new PenFed Member Yay!!!


@The-Credit-Disciple wrote:

My last account opened was last month. 5 in the last 12 months


Income, EQ score and clean report, you stand a good chance. Not sure on inquiries or new accounts. I don't know your DTI. PenFed may SP poke around the other bureaus. I've seen them on my Experian report. I'm not sure on TU.

Message 29 of 36
Highlighted
Senior Contributor

Re: I am a new PenFed Member Yay!!!

If you are going to apply, try it over the phone. I've read data points, where other members have applied and been successful at 2 approvals; applied for one card and approved, repeat process if successful.

Message 30 of 36
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.