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Penfed "Offer" Letter

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Valued Contributor

Penfed "Offer" Letter

FINANCE your next BIG DECISION with a personal loan up to $25,000 

 

James,

You're invited to apply ...

 

Questions for those who have succeeded at the Penfed experience (from someone who has gotten ZERO notice from Penfed since becoming a 2k CC member 11 months ago, and then only via recon, as my Egyptianness apparently offends their finely-tuned senses):

 

* how similar is this to a pre-qualified offer?

* is this precursor to a check arriving in the mail?

* Penfed is warming to me now, right?

* throw it in the trash & chuckle, or keep a watchful eye on the mailbox from now on?

 

 

 

 

 

 

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (6/24/2019): FICO 08 EXP: 726; TU: 744; EQ: 700
2019 Goal Score: 800 across the board


Take the myFICO Fitness Challenge
Message 1 of 19
18 REPLIES 18
Valued Contributor

Re: Penfed "Offer" Letter

I received the same "offer" last week... yet have been unable to get a penny out of them since my 3K cc approval in oct 2018 - first it was due to a major, but old / paid derog, then when my reports became clean, the reason was too many new accounts...

so... since nothing's changed, I still have too many new accounts... I decided it's just a marketing scheme devised to convince me to waste another HP - I threw it out.

Still.. interested in reading replies / insight to your Q from others 😊
Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/06/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 07/01/2019: EX 741 ✦ EQ 727 ✦ TU 733
Current FICO 9s | 06/01/2019: EX 753 ✦ EQ 751 ✦ TU 732
Highest FICO-8 Ever | 10/2018: 780 [on dirty report]

2019 Goal Score | 780s


My AAOA: 2.7 years not incl. AU / 2.10 years incl. AU
My AoOA: 6.5 years not incl. AU / 8.5 years incl. AU
Report Status: Clean

Tending my Garden til 2/2021


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Message 2 of 19
Frequent Contributor

Re: Penfed "Offer" Letter

I received the offer letter too. I can't even get a cc with PenFed. Definitely just marketing.
Message 3 of 19
Valued Contributor

Re: Penfed "Offer" Letter


@thornback wrote:
... I decided it's just a marketing scheme devised to convince me to waste another HP ...

Tricky Penfed! I hadn't considered that one. You may be right. Hopefully we'll hear from others who: A) got tricked & wasted the HP; or B) survived it and procured shiny new (low interest) loans.

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (6/24/2019): FICO 08 EXP: 726; TU: 744; EQ: 700
2019 Goal Score: 800 across the board


Take the myFICO Fitness Challenge
Message 4 of 19
Community Leader
Super Contributor

Re: Penfed "Offer" Letter

You're invited to a Hard PullSmiley Happy
Charter Member of the Discover " No Cli For You " Club !

Chase Never/24 Squad Leader
Team Pendread Anonymous
#JustSayNo2Comenity
Officially S.O.G.O.T.P
Message 5 of 19
Valued Contributor

Re: Penfed "Offer" Letter


@AnimalHouse121 wrote:
... Definitely just marketing.

While admitting you are quite likely right, I remain hopeful to learn otherwise. 

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (6/24/2019): FICO 08 EXP: 726; TU: 744; EQ: 700
2019 Goal Score: 800 across the board


Take the myFICO Fitness Challenge
Message 6 of 19
Valued Contributor

Re: Penfed "Offer" Letter


@AverageJoesCredit wrote:
You're invited to a Hard PullSmiley Happy

Finally, a voice of experience weighs in. Smiley Wink 

 

("Aye, matey, they might have gotten you but they won't get me too. You'll see. I'll fight 'em off I will. You'll see.") 

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (6/24/2019): FICO 08 EXP: 726; TU: 744; EQ: 700
2019 Goal Score: 800 across the board


Take the myFICO Fitness Challenge
Message 7 of 19
Community Leader
Super Contributor

Re: Penfed "Offer" Letter

I take these offers same as offers in my email, those exclusive offers Smiley Wink. Grains of salt with a side of Penfed Peppers😜
Charter Member of the Discover " No Cli For You " Club !

Chase Never/24 Squad Leader
Team Pendread Anonymous
#JustSayNo2Comenity
Officially S.O.G.O.T.P
Message 8 of 19
Valued Contributor

Re: Penfed "Offer" Letter


@AverageJoesCredit wrote:
I take these offers same as offers ...

You've gotten "offer" letters from Penfed? 

 

That would be a pretty damning DP -- you've made it clear they hate you (and vice versa). 

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (6/24/2019): FICO 08 EXP: 726; TU: 744; EQ: 700
2019 Goal Score: 800 across the board


Take the myFICO Fitness Challenge
Message 9 of 19
Community Leader
Super Contributor

Re: Penfed "Offer" Letter

Lol, no i only get the ubiquitous general emails boasting their rates. Ive never received any personalized offers or mail except one about 2 months ago for their checking. That blew me away as i didnt think my nsme registered on their computersSmiley Wink
Charter Member of the Discover " No Cli For You " Club !

Chase Never/24 Squad Leader
Team Pendread Anonymous
#JustSayNo2Comenity
Officially S.O.G.O.T.P
Message 10 of 19