Barclays denial, carecredit=consumer finance?

[Anonymous]

So Ive been in a stage of credit repair for a while, working my way up the ranks. I recently applied for a barnes and noble Barclay card to replace the orchard I just closed. The fact that they pull TU made this my most optimistic choice (690 score, paid medical collections all deleted from TU so no baddies). Needless to say, I was a bit disappointed when I got denied.

I called for a recon the day after getting denied online and was still denied, the guy on the other end said they would like to see a little more length on my current trade lines and that was it.

So I get my actual denial letter in the mail yesterday and it cites 3 reasons for the denial.

Low credit limits on accounts

Recent accounts opened

Consumer finance company account?!

My only open accounts right now include a rzmc, capone, local cu cc and a gemb care credit card. Is carecredit looked at as a consumer finance company? As far as I knew, it was looked at as a store card type of deal. It has a $1000 limit and currently a ~$200 balance. The only reason I got it was it was through my dentist and offered interest free financing for when I got my wisdom teeth yanked earlier this year.

I was under the impression that consumer finance accounts were something totally different (payday loans or sky high apr personal loans) and any credit Ive ever pulled has never mentioned it as being anything other than a "revolving charge account". If this is ultimately hurting my credit, I guess Ill close it after I pay off the balance but then Ill take a shot to my credit useage and more importantly, I feel like Ill be losing a step on overcoming the frustrating problem of "low credit limits."

Opinions? Thanks.

[Wolf3]

IMO, the first 2 denial reasons are the main reasons.    I doubt the CARE account is much of a problem and I would not close it.  I would concentrate on getting the limits up and apply again when you have no recent inquiries.

I like the BN card, it is next on my list of application.

[haulingthescoreup]

+1  If it's listed third, it means it's pretty minor.

Care Credit should not be a CFA. More than likely, you have some ancient closed thing on your accounts somewhere that is coded as a CFA.

Even if Care Credit was a CRA, closing it won't erase the ding (which is very minor, by the way.) I have this ding finally showing up, and it's for a long-closed loan.

[MarineVietVet]

---

@haulingthescoreup wrote:

+1  If it's listed third, it means it's pretty minor.

Care Credit should not be a CFA. More than likely, you have some ancient closed thing on your accounts somewhere that is coded as a CFA.

Even if Care Credit was a CRA, closing it won't erase the ding (which is very minor, by the way.) I have this ding finally showing up, and it's for a long-closed loan.

---

I agree. My Care Credit is listed as revolving but I think I remember beamMEup saying hers was listed as a CFA. I think it was her.

How about it beam? Was it you that mentioned that?

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[score_building]

---

@MarineVietVet wrote:

---

@haulingthescoreup wrote:

+1  If it's listed third, it means it's pretty minor.

Care Credit should not be a CFA. More than likely, you have some ancient closed thing on your accounts somewhere that is coded as a CFA.

Even if Care Credit was a CRA, closing it won't erase the ding (which is very minor, by the way.) I have this ding finally showing up, and it's for a long-closed loan.

---

I agree. My Care Credit is listed as revolving but I think I remember beamMEup saying hers was listed as a CFA. I think it was her.

How about it beam? Was it you that mentioned that?

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem". 

---

Agreed Carecredit is not a CFA but also recall that it was beam who indicated that hers reported as such.

[Anonymous]

The only other thing outside of carecredit it could possibly be would be a usbank loan that's paid and closed. It was a medical loan to cover a 30% coinsurance on a surgery, it was arranged through the hospitals finance department at something like 11% interest. Its always been listed as an auto loan on any report Ive pulled.

That is the only other account at all outside of the ones listed in the op, I still think it has to be the carecredit considered consumer finance though no report has ever indicated it as such. Maybe the idea of it being consumer finance is subjective to the company viewing the report?

I guess Ill just wait til next spring and try something else as I really cant think of another decent card to app for that I might actually get that's worth the inquiry.

Thanks for the responses.