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PENFED - Just got a pre-approval for a Personal line of credit


The last post in this topic was posted 2307 days ago. 

 

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In respect to PLOC - Just wondering.... if one accepts one of these pre-approved offers from Penfed,

 

1. Is there an additional HP after accepting?

2. For PLOC do they require additional documentation?

3. How will this PLOC be reflected on the CRs?

 

And more importantly, what is the core benefit of a PLOC?

 

Thanks for the help guys.

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In respect to PLOC - Just wondering.... if one accepts one of these pre-approved offers from Penfed,

 

1. Is there an additional HP after accepting?

2. For PLOC do they require additional documentation?

3. How will this PLOC be reflected on the CRs?

 

And more importantly, what is the core benefit of a PLOC?

 

Thanks for the help guys.

The only benefit is in utilization

I cam not answer the rest sorry

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In respect to PLOC - Just wondering.... if one accepts one of these pre-approved offers from Penfed,

 

1. Is there an additional HP after accepting?

2. For PLOC do they require additional documentation?

3. How will this PLOC be reflected on the CRs?

 

And more importantly, what is the core benefit of a PLOC?

 

Thanks for the help guys.

1&2. Typically no

3. As a revolving account

Edited by virtualtreasure
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