topic Re: IF denied, creditor MUST provide Bureau used and Score used right? in Credit Cards

IF denied, creditor MUST provide Bureau used and Score used right?

youngandcreditwrthy — Tue, 08 Jan 2013 19:02:05 GMT

So I got denied Citi Diamond Preferred Dec 4th. Just got the denial letter like a week ago.

They only gave ME ONE reason:

Too many Recently opened accounts recorded on Equifax report

They DID NOT give me me EQ Score.... or any other info.

Aren't they REQUIRED TO FURNISH my FICO?????

I even sent them an updated report after some derogatory info was removed, and I was still denied. These jokers are out of control. The lady I last spoke with couldn't even tell me why it was denied this time... she REFUSED to tell me.. and told me to check my report. I CHECK my reports! That has nothing to do with why Citi denied me!!! I haven't even opened an account in THREE MONTHS! and my FICO is like 720'ish on EQ. I'm pretty upset...

not because I got denied (well, that is upsetting)

but because I've gained no insight into Citi approval...

and they didn't even really give me a valid reason for denial!

UGH

Thanks for letting me vent :-)

I want to contact the Exec Office!! GR

Re: IF denied, creditor MUST provide Bureau used and Score used right?

john398 — Tue, 08 Jan 2013 19:22:24 GMT

you should get atleast some score

Re: IF denied, creditor MUST provide Bureau used and Score used right?

djrez4 — Tue, 08 Jan 2013 19:29:01 GMT

You get the score if it was a factor in the decision to deny credit or to grant it at less than optimal terms.

If they didn't use your score, they don't have to provide it.

Re: IF denied, creditor MUST provide Bureau used and Score used right?

youngandcreditwrthy — Tue, 08 Jan 2013 19:30:16 GMT

okay, but the last Rep said my "FICO was too low"

and still no score.

So.. is this illegal??

HM.. maybe it's time for me to use the CFPB???

LOL

Re: IF denied, creditor MUST provide Bureau used and Score used right?

GreatCreditFor2012 — Tue, 08 Jan 2013 19:33:29 GMT

Umm didn't they give you a reason? "Too Many New Accounts" right? Well there is your answer... Obviously 3 Months is too soon to be applying for more credit according to Citi.

Re: IF denied, creditor MUST provide Bureau used and Score used right?

djrez4 — Tue, 08 Jan 2013 19:34:11 GMT

youngandcreditwrthy wrote:
okay, but the last Rep said my "FICO was too low"

and still no score.

So.. is this illegal??

HM.. maybe it's time for me to use the CFPB???
LOL

Citi isn't going to jerk you around and violate federal law. The letters are generated by computer. If the letter says your score wasn't a factor, it wasn't a factor, despite what some CS rep may say. Remember - credit is a privilege that you have to earn. Citi doesn't want to extend you credit. Tough cookies.

Don't waste the CFPB's time just because you got denied for a card you want.

Re: IF denied, creditor MUST provide Bureau used and Score used right?

youngandcreditwrthy — Tue, 08 Jan 2013 19:39:19 GMT

haha okay.

Thanks for the negative advice....and I know credit is a privelege blah blah blahh..SCORE is ALWAYS a factor with credit.. duh.

but I'm probably better off sticking with my plan ;-)

Re: IF denied, creditor MUST provide Bureau used and Score used right?

GreatCreditFor2012 — Tue, 08 Jan 2013 19:41:13 GMT

LoL SNAP!! LoL

Re: IF denied, creditor MUST provide Bureau used and Score used right?

navigatethis12 — Tue, 08 Jan 2013 19:41:32 GMT

I was recently declined the Chase Ink Plus and was not given a score. The main reason was because business is too new, so the score played no factor in it.

Re: IF denied, creditor MUST provide Bureau used and Score used right?

GreatCreditFor2012 — Tue, 08 Jan 2013 19:43:50 GMT

Djrez4 went IN!! LoL

Re: IF denied, creditor MUST provide Bureau used and Score used right?

FloridaState12 — Tue, 08 Jan 2013 19:47:59 GMT

I'm no legal expert by any means, but it's my understanding that they must only provide you a reason as to why they don't want to extend credit... hence, if your score was not a determining factor then they don't have to supply it. All you're entitled to is a reason and a copy of your credit report, as far as I know.

Re: IF denied, creditor MUST provide Bureau used and Score used right?

lionsfan20 — Tue, 08 Jan 2013 19:48:18 GMT

I cant believe you couldnt recon..I was able to do it for the diamond with my first try

Re: IF denied, creditor MUST provide Bureau used and Score used right?

youngandcreditwrthy — Tue, 08 Jan 2013 19:52:13 GMT

I know lionsfan!! I talked to several old white ladies... and they all said FICO too low and too many newly opened accounts.. but they told me a plethora of conflicting info...

and so I don't even get why I was denied....

They said they only consider accounts opened in the past 60 days as newly opened accounts.. but none of mine are that recent....I don't even have many inqs recently except for my new Amex/Discover.. and theirs.

Re: IF denied, creditor MUST provide Bureau used and Score used right?

lionsfan20 — Tue, 08 Jan 2013 19:55:50 GMT

my reason for denial was too many inquires which I explained was due to school loans..I also had a new amex opened in july and a new discover opened in oct so I dont think that could have been it for you..this is the case with any business no matter what they specialize in..you will always get a different answer from rep to rep..just poor training

Edit: ALso , my fico at approval was like 720 or a few points lower so that must be a lie for you as well

Re: IF denied, creditor MUST provide Bureau used and Score used right?

djrez4 — Tue, 08 Jan 2013 19:59:03 GMT

It's one thing to post on the board about a denial and ask for advice as to what one can work on to get an approval next time. It's entirely another thing to get denied and blame the card issuer for it. Between people whining when they get denied and Credit314 posting "Congrats" and "+1" in every thread, I get irritated.

I also get irritated by people who think they're too cool for turn signals. As a matter of fact, I think I'm just plain allergic to all people who suffer from Special Snowflake Syndrome.

I'm glad to share what I've learned with people who come here seeking information. This thread must have just pushed the wrong button.

(You should see me in court.)

Re: IF denied, creditor MUST provide Bureau used and Score used right?

lionsfan20 — Tue, 08 Jan 2013 20:01:58 GMT

djrez4 wrote:
It's one thing to post on the board about a denial and ask for advice as to what one can work on to get an approval next time. It's entirely another thing to get denied and blame the card issuer for it. Between people whining when they get denied and Credit314 posting "Congrats" and "+1" in every thread, I get irritated.

I also get irritated by people who think they're too cool for turn signals. As a matter of fact, I think I'm just plain allergic to all people who suffer from Special Snowflake Syndrome.

I'm glad to share what I've learned with people who come here seeking information. This thread must have just pushed the wrong button.

(You should see me in court.)

you must be one of those people that drives slow down the left lane and refuses to move

Re: IF denied, creditor MUST provide Bureau used and Score used right?

bradpitt — Tue, 08 Jan 2013 20:10:43 GMT

You could try to recon again. Maybe you will get a person that doesn't have white hair.

...You got to take the good with the bad.

At least you know GE loves you. :smileywink:

Re: IF denied, creditor MUST provide Bureau used and Score used right?

djrez4 — Tue, 08 Jan 2013 20:21:07 GMT

lionsfan20 wrote:

you must be one of those people that drives slow down the left lane and refuses to move

I'm one of those people who pass on the left and move over when done passing. I also signal each lane change. And, I wave when people let me into their lane in heavy traffic, although I try to be in the proper lane before traffic gets heavy. What's your point?

Re: IF denied, creditor MUST provide Bureau used and Score used right?

lionsfan20 — Tue, 08 Jan 2013 20:26:48 GMT

that you shouldnt care what other people do. I hate the idea of people smoking weed or getting piss drunk but thats not my life..its theirs..if someone doesnt want to use a turn signal then why does that affect you..your just one of those people that loves to complain about anything and everything

Re: IF denied, creditor MUST provide Bureau used and Score used right?

djrez4 — Tue, 08 Jan 2013 20:39:09 GMT

lionsfan20 wrote:
that you shouldnt care what other people do. I hate the idea of people smoking weed or getting piss drunk but thats not my life..its theirs..if someone doesnt want to use a turn signal then why does that affect you..your just one of those people that loves to complain about anything and everything

I get it now. You're taking the turn signal thing personally.

I get irritated because turning and switching lanes without signaling endangers other drivers, including me. That's why I care. Taking a laissez faire approach to living in a community defeats the purpose of community.

By the way, keep making sweeping generalizations about who I am based on snippets I've written in an internet forum. It's working well for you.