What kind of scores are nessasary for PenFed's personal loans?
Love Penfed! Easy approval process for personal loan. I opened a savings account online with a deposit of $5 and decided to apply for a personal loan just to help improve the score with an installment loan to add to the mix. I plan to use the SSL technique with repaying it. The loan officers and the customer service reps are all very knowledgeable. I even decided to apply for a credit card a few days later, and they used the same HI data from the personal loan. Penfed said that the HI is good for up to 90 days, so I could request an auto loan or apply to other offerings. So get this- Penfed approved me for a $14,500 CL, which is the highest that I have ever obtained!
5 hard inquiries in 1 year
Congrats! Interesting, I hadn't considered doing an unsecured personal loan for the SSL technique. I have an installment loan, a car loan I just took out in Oct., and as it's 95% of original amount I"m getting dinged for it. Maybe if I did a personal loan and pay it down to under 9% it might help offset the car loan. As my car loan is 2.99% for 65 months I'm not interested in paying it down just to make Fico happy.
2nd what GameofThrones said. Congrats on your 819 GOT! ;-)
Did you do the personal loan online?
How did they send the money from your personal loan?
Did they direct deposit it to your new PenFed account, or another bank account? Or send a check?