If you joined PenFed with a dirty EQ report, share your data here

[goldtrad]

Joined May 2007 with a 7 year old BK.

 

Approved for 5K CC recon to 10K declined. Egyptian.

 

BK dropped April 2010. Started to see preapprovals for everything.

 

Credit cards have gone from 5K to over 45K. After first decline upon joining I never asked for an increase. Took every preapproval offered on CC.

 

I use Penfed as a checking account because they offer free checks. Don't write many. Have no real money in the credit union either.

 

Don't know about this three tier thing.

[trachkids]

I joined in December, 2009 with a 696 EQ FICO.

 

I had 1 negative acct: Verizon PA, "account closed at consumer's request", IIB with $0 bal.

&

PR/BK7 (filing date: 10/2005, discharged: 06/2006).

 

App'd cc at the time I joined...Denial.

 

Just app'd cc again after BK7 came off in 10/2015...Denial. Score: 702 Nextgen from denial letter.

 

EQ FICO 08 now: 760

 

Never any preapprovals.

Edited May 19, 2016 by trachkids

[sbrunger]

joined PenFed 6 months ago (Nov 2015), had 1 collection baddie on my EQ report...no preapproval offers yet.

[hawkiirock]

Joined in April 2016. Have 30-40 120 day late student loans from 5.3 years ago reporting on all reports. Ficos around 680. No other baddies. Approved for 5k rewards visa.

[mikeinrancho]

Joined 1-31-15.

'Serious delinquency' showing on all 3 reports from 2011 - scores in the 720 area. Lots of new accounts reporting.

Applied on 1-31-15 for Platinum Rewards.

Approved for $6500, recon'd for $10,000.

Also approved for and received a $16,000 draft for an auto refinance - decided not to use it.

Applied online for CLI end of January this year, approved for $30,500. $500 higher than my highest line at the time.

Have never received any pre-approvals online.

[mendelssohn]

Joined in April 2016. Have 30-40 120 day late student loans from 5.3 years ago reporting on all reports. Ficos around 680. No other baddies. Approved for 5k rewards visa.

This thread is about quarterly soft pull pre approvals, not approval from cold apps.

[mendelssohn]

Just a reminder, this is a thread about joining PenFed with dirty reports AND whether or not you have received any quarterly soft pull pre approvals.

 

If you joined with clean reports, I don't need your data.

 

If you joined with dirty reports, you need to include whether or not you have ever received quarterly soft pull pre approvals. This is the data I am after.

 

Other approvals are not relevant. ONLY quarterly soft pull pre approvals.

Cold app data is not necessary. Please ONLY include soft pull pre approval data.

[dcowboy08]

Opened account spring of 2015.

EQ has one neg account, 5 yrs old at that point in time.

Applied for CC same day... denied.

Have not received any soft offers. I do receive CC offers asking to apply.

 

Funny thing is, two days after I joined and applied, I saw the posts warning of joining with a dirty report. I would never have joined had I done what I'm supposed to do... read.

[mendelssohn]

Bump

[blqbutterfly]

Joined Mar 2014

 

Chp 13 BK (7/13)

 

No soft approvals ever

 

Applied for CC, Refi auto loan - denied even though credit improved significantly...always got "your Egyptian"

 

I too unfortunately didn't read first before joining ....I am considering closing!

Edited May 26, 2016 by blqbutterfly

[Tileguy61]

 

The common advice on CB is not to join PenFed until you have a clean EQ (they pull EQ) because you may never get the soft pull quarterly preapprovals. PenFed seems to lump people who join without a spotless EQ into an undesirables group and even once EQ is spotless, many never receive the quarterly soft pull preapprovals. Some people eventually get them, and others seem to have some luck and never have this problem.

 

The purpose of this thread is to collect data from people who joined PenFed with a dirty EQ report, and if/when they have ever received preapprovals.

 

What is a dirty report? If you have even a single 30 day late, you have a dirty report. If you have "only" a BK or judgement, you definitely have a dirty report. This all pertains to information reporting on EQ.

 

Please share:

• date joined
• negatives at the time you joined
• if you have ever received preapprovals
• if you have received preapprovals, how long after joining

 

December 2014

PR

Yes... twice... once for every credit product available (took large cli) the second time for vehicle loan choices

First set was 2nd AR after joining. Second set was 4th AR after joining.

[fury1995]

Joined initially in 2001 with muliple negs

 

No pre-approvals, no ARs

 

Account went dormant and closed end of 2015 (due to returned mail ?!?)

 

Re-joined December 2015 (with a hard IQ)

 

One remaining HSBC C/O 0$ bal due to drop Nov-2016

 

Still no pre-approvals, no ARs

 

Mid-upper 7's across bureaus

[Losluv]

Joined 09/2015 with 1 negative (5+ years old)

BK deleted from EQ

Score in the low 700's

No preapprovals

[datrucking210]

Joined 11/14/2015

Bk13

No pre-approvals so far.

[TeeSharice]

Last FICO pulled 3/1/16 per the PenFed app. Does that mean they'll auto pull a soft on 6/1/16 and if I have any pre-approved offers they will appear on the right of the webpage when I log in?

[mendelssohn]

Should be. Update here is you get any.

[Tazzlarie]

A datapoint for this thread. I joined three years ago with a dirty EQ. I forgot about Penfed because I was in with NFCU. As my reports are almost clean (stupid PR), I wanted to show some activity in my savings account to get ready to apply. I found that I could not do a ACH transfer in from another bank. I messaged Penfed, they sent back

This service is currently unavailable due to a type of restriction placed on this account regarding information obtained from your credit report at the time your membership was created.

If you feel this information is inaccurate or outdated, you may send in a signed written request for the restriction to be reviewed and removed. Please note, PenFed will need a copy of your most recent credit report or authorization to pull a copy from the credit reporting agencies for review before consideration can be made.

So it may be possible to get a new inquiry with a clean report to rectify joining with a dirty report. I have 6 months for my last neg to leave my report and I am going to try it.

[racer-x]

A datapoint for this thread. I joined three years ago with a dirty EQ. I forgot about Penfed because I was in with NFCU. As my reports are almost clean (stupid PR), I wanted to show some activity in my savings account to get ready to apply. I found that I could not do a ACH transfer in from another bank. I messaged Penfed, they sent back

This service is currently unavailable due to a type of restriction placed on this account regarding information obtained from your credit report at the time your membership was created.

 

If you feel this information is inaccurate or outdated, you may send in a signed written request for the restriction to be reviewed and removed. Please note, PenFed will need a copy of your most recent credit report or authorization to pull a copy from the credit reporting agencies for review before consideration can be made.

 

So it may be possible to get a new inquiry with a clean report to rectify joining with a dirty report. I have 6 months for my last neg to leave my report and I am going to try it.

Thats the kinda info i was interested in seeing.

Doesn't make alotta sense why they won't let you put more money in your/their savings acct. from another bank?

[mendelssohn]

It's not unusual for them to out restrictions like that on accounts if you join with a dirty EQ.

[creditrepair2014]

A datapoint for this thread. I joined three years ago with a dirty EQ. I forgot about Penfed because I was in with NFCU. As my reports are almost clean (stupid PR), I wanted to show some activity in my savings account to get ready to apply. I found that I could not do a ACH transfer in from another bank. I messaged Penfed, they sent back

This service is currently unavailable due to a type of restriction placed on this account regarding information obtained from your credit report at the time your membership was created.

 

If you feel this information is inaccurate or outdated, you may send in a signed written request for the restriction to be reviewed and removed. Please note, PenFed will need a copy of your most recent credit report or authorization to pull a copy from the credit reporting agencies for review before consideration can be made.

 

So it may be possible to get a new inquiry with a clean report to rectify joining with a dirty report. I have 6 months for my last neg to leave my report and I am going to try it.

 

NICE INFO!

 

So, I interpret that to mean that you can get reevaluated and start being treated differently including getting preapproved offers every quarter.

 

Best of luck in your account review!

[mendelssohn]

 

A datapoint for this thread. I joined three years ago with a dirty EQ. I forgot about Penfed because I was in with NFCU. As my reports are almost clean (stupid PR), I wanted to show some activity in my savings account to get ready to apply. I found that I could not do a ACH transfer in from another bank. I messaged Penfed, they sent back

This service is currently unavailable due to a type of restriction placed on this account regarding information obtained from your credit report at the time your membership was created.

 

If you feel this information is inaccurate or outdated, you may send in a signed written request for the restriction to be reviewed and removed. Please note, PenFed will need a copy of your most recent credit report or authorization to pull a copy from the credit reporting agencies for review before consideration can be made.

 

So it may be possible to get a new inquiry with a clean report to rectify joining with a dirty report. I have 6 months for my last neg to leave my report and I am going to try it.

NICE INFO!

 

So, I interpret that to mean that you can get reevaluated and start being treated differently including getting preapproved offers every quarter.

 

Best of luck in your account review!

I know PenFed reconsiders banking restrictions.

 

If the result here is SP preapprovals, it might be worth it to join before reports are clean.

 

We'll have to see.

[Tazzlarie]

I won't be able to try this for 6 months but hopefully someone else can give this a try sooner. Here is the contact information I was given:

 

Please send the request to one of the following:

Via Mail:
Pentagon Federal Credit Union
PO Box 70046
Springfield, OR 97475-9901
Phone: 800-247-5626 or 541-225-6700

Via Fax: 800-278-2212 or 541-345-0512

Via a scanned attachment to info@hq.penfed.org in one of the following formats:

BMP
JPG
PDF
DOC
PCX

[cloknem]

Joined in 2001 real dirty

Never had any pre approvals

Account restrictions, could not transfer funds from any other institutions

2016 decided to finally cancel in the bank

Bank lifted all restrictions

Looking to June 1 and will report back

[TeeSharice]

 

Last FICO pulled 3/1/16 per the PenFed app. Does that mean they'll auto pull a soft on 6/1/16 and if I have any pre-approved offers they will appear on the right of the webpage when I log in?

 

 

 

Should be. Update here is you get any.

 

It's still showing FICO score from 3/1 when I log in.

 

I see nothing indicating preapprovals anywhere

[Atl-Marcos]

Well, you've definitely sold me. You cannot join Penfed if you have dirty reports. If you have dirty reports you're just better off going with a different bank/CU.