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

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
TannerK
Posts: 1,275
Registered: ‎12-02-2010

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
yyc
Posts: 46
Registered: ‎06-14-2011

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
Moderator
pizzadude
Posts: 8,755
Registered: ‎01-28-2010

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
LS2982
Posts: 15,434
Registered: ‎04-09-2011

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
bichonmom
Posts: 3,318
Registered: ‎05-05-2011

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
CreditCrusader
Posts: 799
Registered: ‎09-27-2011

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
LS2982
Posts: 15,434
Registered: ‎04-09-2011

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
yyc
Posts: 46
Registered: ‎06-14-2011

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
yyc
Posts: 46
Registered: ‎06-14-2011

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

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