cancel
Showing results for 
Search instead for 
Did you mean: 

Penfed Personal Loan Approved having second thoughts now.

tag
bigpoppa09
Established Contributor

Penfed Personal Loan Approved having second thoughts now.

Guys i have a question i was approved for a PL yesterday with a 9.9% APR Today a better opportunity has been offered do i still have to accept this loan? Its already showing in my online account with a first payment due date of 6/9 i haven't received the check yet and i know that they will send a Promissory note to sign and send back. If i send the check back and don't sign the note will they just void it or am i stuck with it?

Message 1 of 3
2 REPLIES 2
LakeLife
Established Contributor

Re: Penfed Personal Loan Approved having second thoughts now.

You should call them right away.  I'm sure that APR has a fee up front that you'll be paying.  No reason to delay a call to them waiting on a repsonse from this forum.  Good luck.




Message 2 of 3
sjt
Senior Contributor

Re: Penfed Personal Loan Approved having second thoughts now.


@LakeLife wrote:

You should call them right away.  I'm sure that APR has a fee up front that you'll be paying.  No reason to delay a call to them waiting on a repsonse from this forum.  Good luck.


+1

 

Not sure if you already called or not, but if you havent yet, tell them that you got a better rate/terms. They may match it.

American Express: Platinum Charge, Optima, Business Gold, Delta Business Reserve, Business Cash, Business Plus
Barclays: Arrival+ WEMC
Capital One: Savor WEMC, Venture X Visa Infinite
Chase: Freedom U Visa Signature, CSR Visa Infinite
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity Visa Signature
Credit Union: Cash Back Visa Signature
FICO 08: Score decrease between 26-41 points after auto payoff (11.01.21) FICO as of 5.23, EX: 812 / EQ: 825 / TU: 815
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.