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Established Contributor
zerobacan
Posts: 726
Registered: ‎01-13-2013
0

CSP is easier than I thought! Incredible details....

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%

 

Income 75ks

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

 

 

Amex PRG NPSL, Amex Delta 2k (AU) Discover iT 5k, BOFA Siggy $5k, BOFA AlaskaAir Siggy 5k, BBVA Compass $5k! Macy's $4.5k, C1 $2.5, SFCU $2.5k, SFCU LOC $2k, Paypal SmartC $4k, Sam's 5.5k Victoria Secret $2k, Kay's $1.7k.,76/Citi $1.5k Amazon $5k, Walmart Disco $3k JC Penny $4k, C1 $2.5, BBRZ 700.
Starting:TU:536 EXP:561 : EQ:552 Current:TU:680 Walmart (2-15-14)EXP:712 FICO!! (12-4-13):EQ:622 (FICO 2-6-14) Uti 27% Goal: 720 By 12-13.
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Valued Contributor
DaveSignal
Posts: 2,096
Registered: ‎07-29-2011
0

Re: CSP is easier than I thought! Incredible details....

[ Edited ]

The title that you picked for this thread is perplexing.   Did you get approved for the card?

EX:694 TU:744 EQ:709
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Moderator
09Lexie
Posts: 25,296
Registered: ‎09-13-2012
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Re: CSP is easier than I thought! Incredible details....

New Contributor
cs91
Posts: 64
Registered: ‎01-25-2012
0

Re: CSP is easier than I thought! Incredible details....

the title seems misleading......so you didnt get approved?

USAA World MC (27K) USAA World MC (19K)
Costco TE Amex (19K)
NFCU Flagship Visa (27K)
Chase Freedom (TBD) Chase Marriott (TBD)
(AU) Amex PRG (NPSL)

FICO Scores as of 09/2014: 704 (EQ) 737 (EX) 754 (TU)
Frequent Contributor
kimmiller112
Posts: 467
Registered: ‎04-09-2012
0

Re: CSP is easier than I thought! Incredible details....

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.  

Barclays USAir World MC $8300 - DCU $7500 - USAA World MC $7000 - PayPal Extras MC (GE) $5500 - Chase Saphire Preferred $5000 - Discover It $5000 - Barclays Sallie May $2700 - Chase Freedom $1000 - Capital One $8500 (business) - store cards ranging from $500-$9500
Valued Contributor
dodgerslv
Posts: 1,759
Registered: ‎06-16-2012
0

Re: CSP is easier than I thought! Incredible details....

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!


Cards: (Citi x6) (Chase x5) (US Bank x3) (Amex x3) (Barclays x3) (BofA x3) (Cap1 x2) (WF x2) (Penfed x1) (Discover x1) (Sync/GE x4) (Macys x2)
Fico 08 scores (8/27/14) EX: 772 TU: 767 EQ: 778 (Utilization at 8% right now).





Contributor
migo13
Posts: 87
Registered: ‎08-17-2012
0

Re: CSP is easier than I thought! Incredible details....

Painful... to... read...

Valued Contributor
navigatethis12
Posts: 1,928
Registered: ‎01-24-2012
0

Re: CSP is easier than I thought! Incredible details....

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.

Regular Contributor
burghpa
Posts: 165
Registered: ‎07-31-2013
0

Re: CSP is easier than I thought! Incredible details....

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 ScoreMarch 2013 Score222222
720550      $8900                 $6500                 $4500                 $2000                 $1500                 $5000/$900                  
Valued Contributor
maiden_girl
Posts: 2,095
Registered: ‎12-29-2011
0

Re: CSP is easier than I thought! Incredible details....


09Lexie wrote:
.I'm still waiting for the incredible details too

+1 this had me ROFL

The truth is out there...
FICO scores: 758 (EQ) 741 (EX) 768 (TU) 8/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)







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