Credit Card Center Advertiser Disclosure†
05-19-2017 06:34 AM
Just an fyi. I joined this CU based on comments by others on this site. Applied for a credit card and after initially speaking with a rep who pulled the credit, asked me a couple of questions about store cards, said everything looked good, good utilization nothing maxed out and the payment history was good, score etc. She told me final approval comes from another person and I would get a call in 24 hours. 48 hours later I called and left a message for the loan department. This morning almost 72 hours later, I receive a call from someone who just spent at least 10 minutes lecturing me about my inquiries over the last 2 years of which I pointed out a good portion of those are for our car loans and she said all of my inquiries but a couple are for "credit cards" which I know isn't true. Then she told me my score was 625 and I told her that is not correct, I can see what my score is and they must be using a different scoring model than most because I know for a fact, that is not correct. So then I got to listen to her tell me that they pull Experian like others and see the same score. She also went on about living off of credit. I DO NOT live off of credit. Just because I have more than a few cards does NOT mean I live off of credit. At this point I knew I wasn't getting the card so I reminded her that we make almost 300k a year and I don't need to live off of credit and she agreed. Ridiculous.
Needless to say I didn't get the card so I told her I wanted to close out all accounts I had opened and apparently to do that I have to send her a written letter. Again ridiculous. I'm not upset about not getting the card, I don't care for the customer service, I'm upset at being treated so rudely and without any regard whatsoever. I get that I have a lot of inquires. 1/3 of which are falling off over the next 2 months so they are not particularly recent but she said I should not have more than 10 in 2 years. But the score she gave me was way off. I looked at the score models and it appears they pull FICO score 2. I really resented the 10 minute lecture as well. If you want to deny the card, deny the card. If you want to provide information to help someone with why the card is being denied to make sure they understand, then do it in a kind, considerate, and professional manner not brow beating someone and making them feel worthless. And if your customer offers information back, they should try listening whether or not they agree.
I'm done with credit unions.
05-19-2017 11:22 AM
I'd be pretty ticked off too if I was in that conversation. Don't let this bad experience tarnish your outlook on all credit unions though. I personally deal with three. Fairwinds (local credit union where I live), PenFed and NFCU and they've all been nothing but professional and respectful. I have recently switched all banking to NFCU from Fairwinds as NFCU is local for me too and I've been extremely impressed with their customer service.
Sorry this happened to you! There are tons of lenders who value their customers. You make a fantastic annual wage so you'd make many institutions happy to have your business!!
05-20-2017 07:13 AM
Thanks CharlieFoxTrot! I'm writing a letter to the CEO, David Sprague, outlining exactly what happened and what was said from the moment I picked up the phone along with attachments of articles about FICO credit scoring models and how they work and explaining why different lenders can see different scores. And also a screen shot of my fico score from Experian (score 8) and a screen shot of my FICO score 2. In the letter I told the CEO he should pass this on to the branch manager that called me so she can learn something about her profession since she is not only giving out incorrect information but obviously has no interest in learning anything about her job. And that he should not allow someone who doesn't even know scoring models exist but believes all lenders for all products see the exact same score, she should not be making credit decisions. Hopefully he will get my point. I also suggested she get sensitivity training and job related financial training and a class on avoiding defamation might be a good idea too. I wonder how many members they have lost because of this woman. I also brought that up. How many people has she done this too that have walked away instead of notifying him. I guarantee you I'm not the first.
I called their main office and was told he reads all complaints. They gave me his fax number and I tried to send it last night only to find out it wasn't a fax number. Urrrr. I don't expect a change to the decision but I hope he addresses this with her and ensures his employees are properly trained so no one else is treated the way I was.
05-20-2017 08:17 AM
So Sorry OP
But to be honest If I was you I would be happy since you found this out at the beginning instead of later on (meaning how they allow someone like her to run the business!
It's really their loss!!!!!!!!!!!!!!!!!!!!!!
05-20-2017 11:06 AM
Thnks JoeLuvsHisCredit, I agree with you. In my letter to the CEO I said that I am actually the one that dodged a bullet finding out early on how they treat their members and that they allow something as sensitive as a credit decision to come down to an employee that has little knowledge of credit as a whole and absolutely zero interpersonal skills and customer service skills.
05-20-2017 11:11 AM
Wow is all I have to say. I work in customer service. And believe me, that conversation was very unprofessional on her part.
I agree there is nothing wrong with giving suggestions on what is necessary to meet their requirements. But you should not have been belittled.
05-20-2017 11:14 AM
05-20-2017 08:01 PM
Really sorry this happened to the OP...
I actually do my primary banking though Hanscom... and in-branch... That said.. I haven't had quite the problems or the grilling except when they did a credit review on my request for an APR reduction... I got grilled for that.. but it turned out fine in the end... Really does sound like you just got a bum CSR... Perhaps it wasn't a good fit .. CUs are more of a relationship banking product and sometimes it just doesnt work out... Iv been party to some really bad CSR calls to/from NFCU as well.. but Chase and BOA can and do grill folks for credit cards as well.. That said.. you always have the right to walk if it doesnt work out ...
My point: The grass isnt always greener with the Major Banks.. you just have to find a CU that suits you and gives you the level of service you expect...
Your CSR experience sounds like the experiences i had with MIT FCU and not Hanscom....
Funny how that stuff works..
I would write Sprague or get in touch with him, before you send that letter to close everything... HFCU is slightly conservative, and not as lenient as say NFCU.
Wish you luck finding a perfect fit...
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.