06-07-2009 01:23 PM
06-07-2009 06:48 PM
Macys - Apply in Store
Bank of America
goodness most banks have automatic approvals, just depends what is set up in there perimeters rather you get through on the automated system.
06-07-2009 08:14 PM
06-07-2009 08:33 PM
06-07-2009 10:31 PM
Sometimes a few accounts in good standing can make up a score which is 720+ even with a credit history which is less then 1 year. Does that mean one can try applying with these big prime CC's hoping to get an automatic approval because of the high scores?
it's not impossible to imagine this could happen but an issuer may include length of history in the auto approve parameters to try to prevent it.
06-07-2009 10:55 PM - edited 06-07-2009 10:57 PM
I doubt whether Alliant uses classic FICO at all. I doubt whether Alliant approves without u/w review.
I'm not sure whether your comment wants to point to the fact that Alliant's automatic process just results in a credit card pre-approval, but I have never heard a single case that this pre-approval was not honored afterwards. That's why I think that it's fair to consider Alliant's process automatic, if it goes through. For me, it was automatic.
But I also think you are right that Alliant doesn't use a normal FICO score for their approval. They seem to have their own risk model, like many lenders.
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