Not enough bankcard debt experience?

[Kirmie2010]

Thats a first for me.  Applied for something and got that response. 

(100% ontime payments, AAoA 2.3 years oldest 12 years)

Can someone enlighten me?  Thanks!

For no reason at all, ive copied and pasted it below!

Adverse Action Notice

Dear Kirk,

After very carefully reviewing your application, we are sorry to advise you that we cannot approve your loan request for the following reasons:

• Not enough bankcard debt experience

[pizza1]

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@japakar wrote:

Thats a first for me.  Applied for something and got that response. 

(100% ontime payments, AAoA 2.3 years oldest 12 years)

Can someone enlighten me?  Thanks!

For no reason at all, ive copied and pasted it below!

Adverse Action Notice

Dear Kirk,

After very carefully reviewing your application, we are sorry to advise you that we cannot approve your loan request for the following reasons:

• Not enough bankcard debt experience

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Im gonna take a stab at this and possibly guess.....maybe means 1)...your high balance reported is too low, 2) not carrying over balances to report???

IDK...like I said, Im not an expert, I was just guessing, but i will follow this thread, because Im curious as well LOL

[FinStar]

Which lender (of the zillions you've applied)?  The response can vary depending on the reason listed.

[Kirmie2010]

It was lending club

[FinStar]

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@japakar wrote:

It was lending club

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Was this for a consolidation loan? What is your oldest bankcard (not store-specifc card) & CL?

[Anonymous]

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@japakar wrote:

It was lending club

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Lending club is very very picky as to who they let borrow money.  Try Prosper as they are not as strict.

[CreditCuriosity]

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@Anonymous wrote:

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@japakar wrote:

It was lending club

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Lending club is very very picky as to who they let borrow money.  Try Prosper as they are not as strict.

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Agree lending club is a weird animal whom they lend money to even though it is p2p lending.. Prosper is alot easier.

[Anonymous]

Well which cradoes prosper use. I m told you can see your Fico scores when applying for a loan with Prosper before you hit the loan SUBMIT button. Is that true?

[Kirmie2010]

I dont know about prosper but LendingClub you can, maybe they are the same company.  About once a month sometimes more they send me an email saying, check if we have an offer for you!  

I go to the site, the text says its not a HP and wont affect your credit, I always get declined, you can view the decline letter on the site and it does indeed include a score.  Ive done it like 3 times, no HPs on my report.  

[TRC_WA]

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@Anonymous wrote:

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@japakar wrote:

It was lending club

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Lending club is very very picky as to who they let borrow money.  Try Prosper as they are not as strict.

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LC has offers for me... I went to Prosper just now and entered my info and the SP was a 687 EX and I was insta-declined by Prosper for too many recent inquiries... car purchase in January and 2 new credit accounts in March.

Just had to check... LOL