Reply
Valued Member
Posts: 46
Registered: ‎06-14-2011
0

Barclays Apple denied :\

Tried applying for Apple credit yesterday via Barclays and was immediately denied on the online application. They pulled TU with a score of  654. Here's a brief summary of my report:

 

Good

AU on HSBC CC (8 years) - open & current

Capital One CC (10 months) - open & current

Capital One CC (8 months) - open & current

Discover CC (2 months) - open & current

Amazon Store Card (6 months) - open & current

Bank of America Auto Loan (6 months) - open & current

4x School Loans (reported 2010/2011) - closed & current

 

Baddies

Bank of America CC (from 2008) - paid after chargeoff / collection

Capital One CC (from 2010) - paid after chargeoff / collection

 

Inquiries in past 6 months: 18 (I was shopping around for auto loan rates which is what most of these are from)

 

I attempted recon 3 times and was denied each time. After telling me I was doing a great job at building my credit, the reason they kept giving me was that there was not enough history on my new CC's and they typically like to see 1-2 years on each CC. The AU HSBC didn't help much because of the AU status. Any advice? Should I bother attempting again?

--------------------------6/14/11----6/22/11---6/24/11----7/1/11----3/13/12----8/14/12
TransUnion-FICO--637---------655--------680--------680--------654--------696
-----------------FAKO--710---------754--------754--------755--------658--------713
EquiFax------FICO--628---------642--------662--------663--------???--------671
-----------------FAKO--692---------727--------738--------717--------659
Experian-----FICO--???----------???--------???--------???--------???--------685
-----------------FAKO--648---------659--------670--------688--------635
Established Contributor
Posts: 1,275
Registered: ‎12-02-2010
0

Re: Barclays Apple denied :\

You need to let your accounts age before apping with them again. Also keep in mind if they do issue a card and you continue apping with new accounts reporting they will close it.

Valued Member
Posts: 46
Registered: ‎06-14-2011
0

Re: Barclays Apple denied :\


TannerK wrote:

You need to let your accounts age before apping with them again. Also keep in mind if they do issue a card and you continue apping with new accounts reporting they will close it.


Yes I figured that much. I don't plan on applying for anymore accounts for a while, I was going to buy an iPad and figured it would be a good opportunity to do some gardening. :smileyhappy:

--------------------------6/14/11----6/22/11---6/24/11----7/1/11----3/13/12----8/14/12
TransUnion-FICO--637---------655--------680--------680--------654--------696
-----------------FAKO--710---------754--------754--------755--------658--------713
EquiFax------FICO--628---------642--------662--------663--------???--------671
-----------------FAKO--692---------727--------738--------717--------659
Experian-----FICO--???----------???--------???--------???--------???--------685
-----------------FAKO--648---------659--------670--------688--------635
Super Contributor
Posts: 9,674
Registered: ‎01-28-2010
0

Re: Barclays Apple denied :\

Barclays is great with recons but given that you've tried three times and been told the same answer each time I would agree that you need to wait and let your accounts age positively for another 6 months or so and then reapply.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Barclays Apple denied :\


TannerK wrote:

You need to let your accounts age before apping with them again. Also keep in mind if they do issue a card and you continue apping with new accounts reporting they will close it.


+1




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Senior Contributor
Posts: 3,322
Registered: ‎05-05-2011
0

Re: Barclays Apple denied :\


yyc wrote:

Tried applying for Apple credit yesterday via Barclays and was immediately denied on the online application. They pulled TU with a score of  654. Here's a brief summary of my report:

 

Good

AU on HSBC CC (8 years) - open & current

Capital One CC (10 months) - open & current

Capital One CC (8 months) - open & current

Discover CC (2 months) - open & current

Amazon Store Card (6 months) - open & current

Bank of America Auto Loan (6 months) - open & current

4x School Loans (reported 2010/2011) - closed & current

 

Baddies

Bank of America CC (from 2008) - paid after chargeoff / collection

Capital One CC (from 2010) - paid after chargeoff / collection

 

Inquiries in past 6 months: 18 (I was shopping around for auto loan rates which is what most of these are from)

 

I attempted recon 3 times and was denied each time. After telling me I was doing a great job at building my credit, the reason they kept giving me was that there was not enough history on my new CC's and they typically like to see 1-2 years on each CC. The AU HSBC didn't help much because of the AU status. Any advice? Should I bother attempting again?


Sorry to hear that. I kind of have a hunch that Barclay's was very generous around the holidays, but has gone back to stricter guidelines again. You didn't mention your util -- that could be a factor as well. They are really concerned about getting too much credit at the same time as them -- even if it's right before. Your Discover is only 2 mos old. When I apped in November, I had gotten a card in March, April and June. And even then, the guy asked me why I was getting so much credit (!).

 

I'd recommend you don't app for anything between now and November and apply then. Also, be sure your util is <9% on ONLY one CC and zero on all of the others (or as close to 9% as you can get). You'll have more time since you opened your last card and they'll probably be in the giving "holiday mood" again. :smileyhappy:

 

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Established Contributor
Posts: 799
Registered: ‎09-27-2011
0

Re: Barclays Apple denied :\


bichonmom wrote:

yyc wrote:

Tried applying for Apple credit yesterday via Barclays and was immediately denied on the online application. They pulled TU with a score of  654. Here's a brief summary of my report:

 

Good

AU on HSBC CC (8 years) - open & current

Capital One CC (10 months) - open & current

Capital One CC (8 months) - open & current

Discover CC (2 months) - open & current

Amazon Store Card (6 months) - open & current

Bank of America Auto Loan (6 months) - open & current

4x School Loans (reported 2010/2011) - closed & current

 

Baddies

Bank of America CC (from 2008) - paid after chargeoff / collection

Capital One CC (from 2010) - paid after chargeoff / collection

 

Inquiries in past 6 months: 18 (I was shopping around for auto loan rates which is what most of these are from)

 

I attempted recon 3 times and was denied each time. After telling me I was doing a great job at building my credit, the reason they kept giving me was that there was not enough history on my new CC's and they typically like to see 1-2 years on each CC. The AU HSBC didn't help much because of the AU status. Any advice? Should I bother attempting again?


Sorry to hear that. I kind of have a hunch that Barclay's was very generous around the holidays, but has gone back to stricter guidelines again. You didn't mention your util -- that could be a factor as well. They are really concerned about getting too much credit at the same time as them -- even if it's right before. Your Discover is only 2 mos old. When I apped in November, I had gotten a card in March, April and June. And even then, the guy asked me why I was getting so much credit (!).

 

I'd recommend you don't app for anything between now and November and apply then. Also, be sure your util is <9% on ONLY one CC and zero on all of the others (or as close to 9% as you can get). You'll have more time since you opened your last card and they'll probably be in the giving "holiday mood" again. :smileyhappy:

 

 


(Checks to see if LS2982 is looking...)

 

If I had Discover in my wallet, I wouldn't even sniff Barclay...Apple financing or not :smileyhappy:

I'm Spartacus!

hr>Starting Score: EQ 546, EX 547, TU 580
Current Scores (lender): EQ 725 , EX FICO 720, TU 737 FICO scores>
Goal Score: 750
Take the FICO Fitness Challenge
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Barclays Apple denied :\

@CreditCrusader that hurt......

(best old lady voice) WELL I NEVER!!!! lol



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Member
Posts: 46
Registered: ‎06-14-2011
0

Re: Barclays Apple denied :\


bichonmom wrote:

yyc wrote:

Tried applying for Apple credit yesterday via Barclays and was immediately denied on the online application. They pulled TU with a score of  654. Here's a brief summary of my report:

 

Good

AU on HSBC CC (8 years) - open & current

Capital One CC (10 months) - open & current

Capital One CC (8 months) - open & current

Discover CC (2 months) - open & current

Amazon Store Card (6 months) - open & current

Bank of America Auto Loan (6 months) - open & current

4x School Loans (reported 2010/2011) - closed & current

 

Baddies

Bank of America CC (from 2008) - paid after chargeoff / collection

Capital One CC (from 2010) - paid after chargeoff / collection

 

Inquiries in past 6 months: 18 (I was shopping around for auto loan rates which is what most of these are from)

 

I attempted recon 3 times and was denied each time. After telling me I was doing a great job at building my credit, the reason they kept giving me was that there was not enough history on my new CC's and they typically like to see 1-2 years on each CC. The AU HSBC didn't help much because of the AU status. Any advice? Should I bother attempting again?


Sorry to hear that. I kind of have a hunch that Barclay's was very generous around the holidays, but has gone back to stricter guidelines again. You didn't mention your util -- that could be a factor as well. They are really concerned about getting too much credit at the same time as them -- even if it's right before. Your Discover is only 2 mos old. When I apped in November, I had gotten a card in March, April and June. And even then, the guy asked me why I was getting so much credit (!).

 

I'd recommend you don't app for anything between now and November and apply then. Also, be sure your util is <9% on ONLY one CC and zero on all of the others (or as close to 9% as you can get). You'll have more time since you opened your last card and they'll probably be in the giving "holiday mood" again. :smileyhappy:

 

 


Interesting hunch, I would imagine they have a significant increase in volume during the holiday season, so probably are not able to spend as much time on each individual account. This could possibly explain more leniancy, but I doubt they would be more generous during the holidays (especially because I would think people not only spend more, but also do riskier spending at this time).

 

My util is pretty high (~30%) due to low CL, but I'll have that paid off by next month and try again. Thanks for the tips! :smileyhappy:

--------------------------6/14/11----6/22/11---6/24/11----7/1/11----3/13/12----8/14/12
TransUnion-FICO--637---------655--------680--------680--------654--------696
-----------------FAKO--710---------754--------754--------755--------658--------713
EquiFax------FICO--628---------642--------662--------663--------???--------671
-----------------FAKO--692---------727--------738--------717--------659
Experian-----FICO--???----------???--------???--------???--------???--------685
-----------------FAKO--648---------659--------670--------688--------635
Valued Member
Posts: 46
Registered: ‎06-14-2011
0

Re: Barclays Apple denied :\


CreditCrusader wrote:

bichonmom wrote:

yyc wrote:

Tried applying for Apple credit yesterday via Barclays and was immediately denied on the online application. They pulled TU with a score of  654. Here's a brief summary of my report:

 

Good

AU on HSBC CC (8 years) - open & current

Capital One CC (10 months) - open & current

Capital One CC (8 months) - open & current

Discover CC (2 months) - open & current

Amazon Store Card (6 months) - open & current

Bank of America Auto Loan (6 months) - open & current

4x School Loans (reported 2010/2011) - closed & current

 

Baddies

Bank of America CC (from 2008) - paid after chargeoff / collection

Capital One CC (from 2010) - paid after chargeoff / collection

 

Inquiries in past 6 months: 18 (I was shopping around for auto loan rates which is what most of these are from)

 

I attempted recon 3 times and was denied each time. After telling me I was doing a great job at building my credit, the reason they kept giving me was that there was not enough history on my new CC's and they typically like to see 1-2 years on each CC. The AU HSBC didn't help much because of the AU status. Any advice? Should I bother attempting again?


Sorry to hear that. I kind of have a hunch that Barclay's was very generous around the holidays, but has gone back to stricter guidelines again. You didn't mention your util -- that could be a factor as well. They are really concerned about getting too much credit at the same time as them -- even if it's right before. Your Discover is only 2 mos old. When I apped in November, I had gotten a card in March, April and June. And even then, the guy asked me why I was getting so much credit (!).

 

I'd recommend you don't app for anything between now and November and apply then. Also, be sure your util is <9% on ONLY one CC and zero on all of the others (or as close to 9% as you can get). You'll have more time since you opened your last card and they'll probably be in the giving "holiday mood" again. :smileyhappy:

 

 


(Checks to see if LS2982 is looking...)

 

If I had Discover in my wallet, I wouldn't even sniff Barclay...Apple financing or not :smileyhappy:


 I smell an inside joke :smileytongue:

--------------------------6/14/11----6/22/11---6/24/11----7/1/11----3/13/12----8/14/12
TransUnion-FICO--637---------655--------680--------680--------654--------696
-----------------FAKO--710---------754--------754--------755--------658--------713
EquiFax------FICO--628---------642--------662--------663--------???--------671
-----------------FAKO--692---------727--------738--------717--------659
Experian-----FICO--???----------???--------???--------???--------???--------685
-----------------FAKO--648---------659--------670--------688--------635
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

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. 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.