Reply
Established Member
Posts: 20
Registered: ‎04-20-2008
0

turned down by usaa

Howdy folks,
 
 
                 I don't get it. Although i know opening 4 new credit card account this month hurts my score. But usaa just gave me two cc with 10000 limits. I also opened a amex and bmw visa.
 
So I tried to refi my audi with usaa. They declined. Never late on any car. I have a few open car accounts due to my business.
 
Why did they turn me down? Can I try again in 6 months? I just don't get it. i've been with them for a few years and why would they give me 10000 in unsecured credit but not with a secured car account.
 
My scores dropped about 40 points after app spree and new accounts. Scores now between 610 and 658.
 
I'm bumed out now. I've worked so hard to be good and improve my rating. What gives?
 
Thank you for your input.
Contributor
Posts: 79
Registered: ‎03-06-2008
0

Re: turned down by usaa

[ Edited ]
what was your fico score. I just(like 2 minutes ago) refi my car with Usaa. Gave me a 6.3% with a EQ score of 635 which arfe the lowest scores I have. Dropped from a 9.9%. I also have car and house insurance through them.
 
edit: like you I have numerous new account. 6 cc in in a months time.


Message Edited by demo18c on 05-22-2008 07:40 PM

Starting Score: 690
Current Score: 747
Goal Score: 750


Take the FICO Fitness Challenge

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.