sue williams
Sep 18 2009, 10:32 AM
Pyramiding Debts ? I think Penfed (Pentagon FCU) is putting that on all the denial letters
They just add it on there as a additional reason for denial. I have never seen that before
and I know of no one that has.
jackgehr
Sep 18 2009, 02:10 PM
Same thing happened to me. I wonder how many hare at CB got that message?
DragonFlyer
Sep 22 2009, 08:01 PM
Penfed is famous for this type of denial. It's common practice and has been happening for years.
Here are a few threads to review what it means, as well as a very clear explanation of PYRAMIDING (and why it's important to know how PenFed operates) via the Credit Matters Blog:
http://creditboards.com/forums/index.php?s...t&p=3794858From 2006:
http://creditboards.com/forums/index.php?showtopic=150249 From 2004:
http://creditboards.com/forums/index.php?showtopic=55972 http://www.creditmattersblog.com/2008/09/a...-creditors.html