Chase Freedom denied.. Should I recon?

[Vaetrian]

Hello,

You guys might remember me from this post http://ficoforums.myfico.com/t5/Credit-Cards/Advice-on-Cap1/m-p/2308419#M649748 looking for a cashback no FTF card, and the advice was to apply for Discover. However, due to not having enough income and not a student, I was not able to apply for it.

I've decided that I was going to look for a different card, this time just for cashback and having no FTF would be an extra. I went and apply for the Chase Freedom got a pending review and today just got my denial letter. I was denied because of

"Current obligations too high relative to income"

When I applied, I had these as my balances

Cap1 Platinum 65.79/1250

Cap1 Playstation 0/500

Should I attempt to recon? or just let it go?

[09Lexie]

What was the income?

[sccredit]

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@09Lexie wrote:
What was the income?

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+1??

A $65 obligation to a $0 income could be a major issue.  A $65 obligation on a $10,000/mo income is a non issue.  Need more info.

[Swapmeet]

Always recon.

[Shogun]

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@Swapmeet wrote:

Always recon.

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 Yup.....

[manwoot]

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@Vaetrian wrote:

Hello,

You guys might remember me from this post http://ficoforums.myfico.com/t5/Credit-Cards/Advice-on-Cap1/m-p/2308419#M649748 looking for a cashback no FTF card, and the advice was to apply for Discover. However, due to not having enough income and not a student, I was not able to apply for it.

I've decided that I was going to look for a different card, this time just for cashback and having no FTF would be an extra. I went and apply for the Chase Freedom got a pending review and today just got my denial letter. I was denied because of

"Current obligations too high relative to income"

When I applied, I had these as my balances

Cap1 Platinum 65.79/1250

Cap1 Playstation 0/500

Should I attempt to recon? or just let it go?

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Is that what your balances were when you applied or what had been reported to the CRAs when you applied?

[longtimelurker]

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@Shogun wrote:

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@Swapmeet wrote:

Always recon.

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 Yup.....

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Don't agree with "Always"   If the card is a real stretch (so you are unlikely to be successful) and it the recon is likely to cause another HP (and if you can't "afford" it), then I wouldn't recon.

[Vaetrian]

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@manwoot wrote:

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@Vaetrian wrote:

Hello,

You guys might remember me from this post http://ficoforums.myfico.com/t5/Credit-Cards/Advice-on-Cap1/m-p/2308419#M649748 looking for a cashback no FTF card, and the advice was to apply for Discover. However, due to not having enough income and not a student, I was not able to apply for it.

I've decided that I was going to look for a different card, this time just for cashback and having no FTF would be an extra. I went and apply for the Chase Freedom got a pending review and today just got my denial letter. I was denied because of

"Current obligations too high relative to income"

When I applied, I had these as my balances

Cap1 Platinum 65.79/1250

Cap1 Playstation 0/500

Should I attempt to recon? or just let it go?

---

Is that what your balances were when you applied or what had been reported to the CRAs when you applied?

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It's the balance when I applied, it hasn't been reported to the CRA yet.

As for the income it's 7k with no loans, mortgage and rent

[PhoenixDown]

7k a month or 7k a year?

[Vaetrian]

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@PhoenixDown wrote:

7k a month or 7k a year?

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Unfortunately, yearly.