cancel
Showing results for 
Search instead for 
Did you mean: 

Penfed Personal Loan Prequalify Tool

Highlighted
Established Contributor

Penfed Personal Loan Prequalify Tool

I just found this out from a ad while i was on another website  just log into your Penfed account click apply for personal loan new page loads it clearly states at the top will not affect your credit score. it just asks reason for loan and amount all so you need to make sure they have your cell phone number on file. Since we don't use a home phone i just put my cell in home and mobile box next enter income Rent/Mortgage payment. Thats it will show you if have pre approved offers and the APR enjoy.Smiley Happy

Message 1 of 17
16 REPLIES 16
Highlighted
Established Contributor

Re: Penfed Personal Loan Prequalify Tool


@bigpoppa09 wrote:

I just found this out from a ad while i was on another website  just log into your Penfed account click apply for personal loan new page loads it clearly states at the top will not affect your credit score. it just asks reason for loan and amount all so you need to make sure they have your cell phone number on file. Since we don't use a home phone i just put my cell in home and mobile box next enter income Rent/Mortgage payment. Thats it will show you if have pre approved offers and the APR enjoy.Smiley Happy


Wow! Thank you so much for this. I was just sitting here exploring options and wondering if I should consider PenFed. I'd hate to take a hard pull if there was no hope. Now I have a prequalification and rates to compare. Awesome!

 

Thanks!

More than enough credit.
Message 2 of 17
Highlighted
Established Contributor

Re: Penfed Personal Loan Prequalify Tool


@NichelleN wrote:

@bigpoppa09 wrote:

I just found this out from a ad while i was on another website  just log into your Penfed account click apply for personal loan new page loads it clearly states at the top will not affect your credit score. it just asks reason for loan and amount all so you need to make sure they have your cell phone number on file. Since we don't use a home phone i just put my cell in home and mobile box next enter income Rent/Mortgage payment. Thats it will show you if have pre approved offers and the APR enjoy.Smiley Happy


Wow! Thank you so much for this. I was just sitting here exploring options and wondering if I should consider PenFed. I'd hate to take a hard pull if there was no hope. Now I have a prequalification and rates to compare. Awesome!

 

Thanks!


You are welcome.

Message 3 of 17
Highlighted
Mega Contributor

Re: Penfed Personal Loan Prequalify Tool

@bigpoppa09, Thanks for posting!  ... Not a lot of people know about this.

Message 4 of 17
Highlighted
New Member

Re: Penfed Personal Loan Prequalify Tool

Nice find 🙏🏼 Definitely a gem 🎉

Message 5 of 17
Highlighted
Super Contributor

Re: Penfed Personal Loan Prequalify Tool

Thanks for the tip, @bigpoppa09!







Message 6 of 17
Highlighted
Valued Member

Re: Penfed Personal Loan Prequalify Tool

Thank you for this!!

Starting Score: 612
Current Score: 701
Goal Score: 750


Take the myFICO Fitness Challenge

Experian 681
Exquifax 701
Transunion 670

capital one spark visa $500 6/8/2002 17 yrs
Capital one Quicksilver $700 10/3/2004 15 years
CFNA $2800 6/14/2020 1month
Navy Fedearl CU cash rewards $7200 9/24/2014 5 years
Victorias Secret $3025 11/17/2014 5 years
Fingerhut $1500 11/23/2015 5 years
Amazon $5000 12/1/2015 4 years
Discover miles #1 $5300 1/19/2017 3 years
Navy Federal Amex $6500 7/6/2017 3 years
American Express Hilton honors surpass $1000 4/30/2019 1 year
Home Depot $1500 7/06/2017 3 years
Overstock $6800 5/12/2019 1year
Chase SLate $1800 9/24/2019 10 months
Discover IT #2 $5000 9/24/2019 10 months

Message 7 of 17
Highlighted
Regular Contributor

Re: Penfed Personal Loan Prequalify Tool

BE CAREFUL!!! THIS WILL CAUSE A HARD INQUIRY DESPITE WHAT THE WEBSITE STATES. 

*screams bloody murder*

 

07_02_20_22_42.png

07_02_20_22_45.png

Synchrony PayPal Mastercard Jul 11, 2019 SL: $2k - CCL: $7k (AZEO- this one)
NFCU More Rewards Sep 13, 2019 SL: $1k - CCL: $7k (PIF)
Synchrony Sam’s Club Mastercard Sep 15, 2019 SL: $1.5k - CCL: $2.3k (PIF)
Amex ED Sep 23, 2019 SL: $2k - CCL: $2k (PIF) (Sock Drawer)
Synchrony Lowes (AU) Nov 20, 2019 SL: $10k - CCL: $10k (PIF)
TD Bank Target RedCard (AU) Nov 26, 2019 SL: $300 - CCL: $800 (PIF)
NFCU cashRewards Dec 15, 2019 SL: $200 - CCL: $5k (PIF) (Sock Drawer)
Macy’s Store Card Dec 24, 2019 SL: $500 - CCL: $8k (PIF)
Synchrony Amazon Store Card Dec 24, 2019 SL: $150 - CCL: $500 (PIF)
Synchrony Rakuten Visa Jan 15, 2020 SL: $2k - CCL: $2k (PIF)
Synchrony CareCredit (AU) Feb 03, 2020 SL: $10k - CCL: $10k (PIF) (Sock Drawer)

EX: 794 F8 - 3 inquiries
EQ: 782 F8 - 2 inquiries
TU: 784 F8 - 7 inquiries
Message 8 of 17
Highlighted
Frequent Contributor

Re: Penfed Personal Loan Prequalify Tool

I didnt get a hp.  But I didnt click the "complete" button either.  I went back to the main screen.  

You might be able to call and have them reverse it.  


Chase Business Ink 20k PenFed Plat Rewards VS 25k NFCU Go Rewards12k BECU 25k Chase FU 6k NFCU Flag 12k Disco IT 9500k Amex BCE 1k Gold Delta Skymiles Biz 5k Amazon Prime 6k USBank Cash + 3k Amex Biz Gold Rewards NPSL
Message 9 of 17
Highlighted
Established Member

Re: Penfed Personal Loan Prequalify Tool

 

Preapproved personal loan or Used Auto loan?

 

Here is what I am preapproved for as a personal loan. This is an unsecured loan, so can I expect to be approved for a used auto loan for the same amount, but a lower rate?

No HP for personal loan preapproval.

HP to get auto loan approval, correct?

 

20k.jpgoffer cropped.jpg

Currently
EQ Fico 8 - 816 Fico 5 - 773 Fico 9 - 742 Fico 9 auto - 738
TU Fico 8 - 726 Fico 8 auto - 739 Fico 9 - 740 Fico 9 auto - 735
EX Fico 8 - 737 Fico 8 auto - 741 Fico 9 - 697 Fico 9 auto - 703
Discover since 11/19 1,000 CL balance always 10% or less, no lates
Student loan 11/2005 bal. $26
Student loan 11/2005 bal. $352
TU 90 days 12/2013, EX 90 days 10/2014 EQ Clean
Salary 75,000, no mortgage
Inquiries EQ 2, TU 1, EX 3
Penfed since 11/2019, savings account only
Message 10 of 17
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.