08-28-2013 05:45 PM
I apped for the CSP on Sunday thinking that for sure I was going to be denied. Because I just got my BOFA Visa siggy in my CR and I before apped for the PRG and the Alaska Visa siggy.
Sure thing Monday I called the Credit annalist line and I was told I was denied for too many inqs... I said ooh well and when I was about to hang down the phone the girl on the phone says but....
And now it gets better...
I said wait... Can I recon the decision, she was like. Yeah for sure... I was waiting.... For you to ask me that...
I was OK go ahead. She put me on hold and came back asking me to explain the 4 inqs in the last 6 months.... I explained blah blah, then se said OK putting inqs a side. Tell me why you have 6 Accounts with balances...
(all of them are pretty small balances from 20 bucks to 200, out of 1500, 3000 credit limit. Overall 10% utilization on each one.
I explained her that I went on a business travel and I did not bother to PIF like always... Which is totally true.
SHe then to my surprise told me
If you havent have that many accs with balance I would approved you.... pay those accs call us again and we will HP again and you have a great chance of being approved for the CSP...
Here is the CR
I have 24 inqs in EX in the last two years. 15 the last year and 4 the last 6 months.
EX Fako is 710 Utility 31%
couple 30 and 60 days late from 2011
AAoA 2.8, oldest 7years
I have a total of 20 accs open and 15 of them have balances, many small ones
08-28-2013 05:50 PM - edited 08-28-2013 05:52 PM
The title that you picked for this thread is perplexing. Did you get approved for the card?
08-28-2013 05:53 PM
the title seems misleading......so you didnt get approved?
08-28-2013 05:58 PM
I'm groaning. I was expecting an approval with that heading but it sound like a try again at a later date. Please don't take this the wrong way, but we could have given you the same advice as she did without the HP.
08-28-2013 06:02 PM
i feel the main reason for denial was utilization. anything over 20%-25% can make lenders nervous unless you have thick file. Just bring down utilization around 10-15% or better yet under 10 and you should be a shoe-in!
08-28-2013 06:53 PM
I reckon zerobacan is just saying that they are suprised they were told they could be approved even though their credit is not the best. They have 30 and 60 day lates from barely two years ago, which is usually a definite no with Chase. The Chase Sapphire Preferred is supposed to be a higher level card, so it is strange they would approve someone so easily for it. Zerobacan did not get approved, but it seems they will if they apply once the utilisation is down.
08-28-2013 06:58 PM
Eventhough title is a bit misleading, i like the message - 'glass is half full' .
I got denied by Chase ( I have very poor record as seen in my signature), but the recon representive told me something similar - you have much better chance in few months.
|July 2014 Score||March 2013 Score|
|720||550||$8900 $6500 $4500 $2000 $1500 $5000/$900|
08-28-2013 07:09 PM
.I'm still waiting for the incredible details too
+1 this had me ROFL
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO