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Penfed personal loan approved

Established Member

Penfed personal loan approved

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!

 

EQ 717

5 hard inquiries in 1 year

Message 1 of 21
20 REPLIES
Frequent Contributor

Re: Penfed personal loan approved

Wow!  Congratulations!

Message 2 of 21
Valued Contributor

Re: Penfed personal loan approved

Penfed is known for having great customer service. No surprise they know what they're talking about.
USAA Limitless
NavyFed AMEX
AMEX Blue Business Preferred
AMEX Delta Gold
Citi ThankYou Premier
Citi AT&T Access
DiscoverIT 5%
AMEX Everyday
BOA Cash Rewards
Message 3 of 21
Established Contributor

Re: Penfed personal loan approved

Congrats! 

Goal- All FICO 9 scores at 675 or above
9/16/17 FICO 9 TU-661 EQ-648 EX-607
12/27/17 FICO9 TU-706 EQ-672 EX-690
3/16/18 FICO9 TU-700 EQ-669 EX-716

Simulator Test - 3/17/18 FICO8 TU-651 EQ-712 EX-778 w/ high utilization
Results - 4/11/18 FICO8 TU-653 EQ-710 EX-779 w/ 5 x 0% utilization
Message 4 of 21
Established Contributor

Re: Penfed personal loan approved

Congrats! Do you mind sharing the interest rate? Thanks
Penfed Platinum Sig Visa $33k, PenFed PLOC $25k, NFCU Cash VISA Sig 22k, NFCU Visa Flagship 22k, CAP1 Venture $23k, CAP1 Venture One $15k, NFCU NAV Check $15k, Barclays Arrival $13,2k, DCU VISA 5k, Cap1 QS 7.5k, WF Finance 3.5k, Merrick 2.2k, Barclays Apple Financing 6.1k BestBuy 5k >Ch7 BK filed 8/09; DC 01/10 EQ 636 Nov 13;
EQ08 718 | TU 731 | EXP 728
Inqs: EQ 11, TU 8, EXP 11(last 2 yrs)
Goal 750+ In the Garden til

Message 5 of 21
Established Contributor

Re: Penfed personal loan approved


gameofthrones wrote:

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!

 

EQ 717

5 hard inquiries in 1 year


Did they ask for POI?

Current Scores EQ 689| EX 688| TU 679
Comenity 54.5k| Navy Fed 52.5k| Capital One 32.3k| Synchrony 23k| BBVA Compass 5.5k| First Commerce 4k| Barclays 1.9k|
GARDENING UNTIL APPING....
Message 6 of 21
Valued Member

Re: Penfed personal loan approved

Yes, could you please let us know what, if any, did you need to provide for POI. 

Also, how long did it take to get approval? I have asked them to reconsider at the moment & I'm on pins & needles waiting to hear back. I sent an email. 

 

Thank you for contributing, this is good info! 

Scores: Fico 8: 722 EQ | 734 TU | 722 EX
PenFed Auto: $46K | PenFed PCR: $10K | Amex BCP $5K | Cap1 QS: $3250 | Cap1 Plat: $600 | Chase: $500 | Comenity: $2500 /$1200/$850
Message 7 of 21
Established Member

Re: Penfed personal loan approved

Yes- 12.99%

Message 8 of 21
Established Member

Re: Penfed personal loan approved

Late to respond, sorry. No POI requested, and I was approved immediately.

Message 9 of 21
Frequent Contributor

Re: Penfed personal loan approved

Good job I love PenFed can’t wait to get my scores up so I can hit them up
Message 10 of 21