I called the backdoor number but they said they cannot recon the app which was declined.
Reasons given for decline
Too many credit inquiries (this was the 4th on TU in the last year - one of those was for an earlier discover app, the other two are mortgage inquiries, no other inquiries in the last two years)
Too many new accounts (none under a year old)
Too many finance inquiries (I don't even know what these are)
My TU score is currently 718 (Fico) with no negs ever, oldest account is 6 years, AAoA is 1.5 years
@Anonymous wrote:I called the backdoor number but they said they cannot recon the app which was declined.
Reasons given for decline
Too many credit inquiries (this was the 4th on TU in the last year - one of those was for an earlier discover app, the other two are mortgage inquiries, no other inquiries in the last two years)
Too many new accounts (none under a year old)
Too many finance inquiries (I don't even know what these are)
My TU score is currently 718 (Fico) with no negs ever, oldest account is 6 years, AAoA is 1.5 years
It looks like their system gagged on the combination of: 1) a five digit revolving credit balance -and- 2) two recent mortgage inquiries, plus other INQ -and- 3) not enough account age (AAoA < 2). I think it was all these things together that put them off. You are accumulating credit a little too fast for their system to tolerate. Eventually they will take you, but it is going to require more patience on your part.
Do you have a mortgage now; were the INQ's for a refi? What was the 4th INQ?
@creditwherecreditisdue wrote:
@Anonymous wrote:I called the backdoor number but they said they cannot recon the app which was declined.
Reasons given for decline
Too many credit inquiries (this was the 4th on TU in the last year - one of those was for an earlier discover app, the other two are mortgage inquiries, no other inquiries in the last two years)
Too many new accounts (none under a year old)
Too many finance inquiries (I don't even know what these are)
My TU score is currently 718 (Fico) with no negs ever, oldest account is 6 years, AAoA is 1.5 years
It looks like their system gagged on the combination of: 1) a five digit revolving credit balance -and- 2) two recent mortgage inquiries, plus other INQ -and- 3) not enough account age (AAoA < 2). I think it was all these things together that put them off. You are accumulating credit a little too fast for their system to tolerate. Eventually they will take you, but it is going to require more patience on your part.
Do you have a mortgage now; were the INQ's for a refi? What was the 4th INQ?
No revolving balances for me - well $28 on one card just for reporting purposes - the rest is my husbands from before we got married that I am gradually paying down. And yeah, I did wonder if 3 inquiries may be too many even if one of them was from their own company.
I only have 5 accounts reporting - 3 of my own and 2 I am an AU on (the older accounts)
I can wait - I just had hoped they would take me but it's ok - i'll keep using and PIF my other accounts