PenFed Question - PLOC Bill consolidation question

[Anonymous]

I have been a PenFed member for 6 months....have a checking, savings, thrift overdraft, and a Promise CC. I applied for a Bill Consolidation Loan yesterday and was turned down today for Prior BK (discharged '12), Inquiries & past deliquent account (all related to BK).

So, I sent a recon email to PenFed this morning outlining my Bankruptcy reasons and the reasons for my inquiries. I logged in tonight and under applications  - it now says "Preparing for Disbursement 03/29/2016" instead of "Turned Down 03/28/2016." 

Does this mean the recon worked??! I didn't get an email response or call or anything. I would be blown away if it did so of course I'm now on the edge of my seat

[Appleman]

Really no idea, but like you I would be under the impression that they approved me for the LOC with the status update.

Give them a call and let us know! Good luck.

[Anonymous]

I just checked my account and the account now shows under my loans  

[Appleman]

Nice job turning that frown (denial) upside down (approved)!

Congrats