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Valued Contributor
Shellie
Posts: 1,232
Registered: ‎05-15-2013
0

Credit Care denial

I was gardening but I need an MRI so I took the leap and applied for the Credit Care credit card.  I was denied.  It says my score is 627 thru TU and I have other GE cards.  I was not expecting a denial.  I read the threads on here and asked for more than I needed so they could counter.  I called and she said that regardless of what I asked for if they were going to approve me they would have approved me for the lesser amount.  (as in I wasn't denied for asking for too much)

 

Denial reason were:

-too many credit inq's (not sure how many I have right now, I didn't think it was THAT many tho)

-highest ratio of revolving balance to credit limit is too high

-ratio of open account balances to open credit limit is too high

-total age of accounts is too low

 

I have about 40% utl right now. AAoA is 1y 9m. 

 

Does any one have any suggestions or am I just out of luck??

myFICO EQ Starting Score 568 05/01/2013 Current Score 657



Epic Contributor
Creditaddict
Posts: 20,029
Registered: ‎10-23-2007
0

Re: Credit Care denial

I don't know GE to almost ever recon a denial... they can only usually recon a limit.

If your util is on the other GE accounts that would be your biggest denial reason.

Fico Scores: EQ 673 DCU, TU 678 Wally, EX 669 Chase(08-31-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 45 Cards in between :smileytongue:
Valued Contributor
Shellie
Posts: 1,232
Registered: ‎05-15-2013
0

Re: Credit Care denial

My other GE is an Old Navy card with $300 CL and $60 balance.

myFICO EQ Starting Score 568 05/01/2013 Current Score 657



Moderator
09Lexie
Posts: 25,308
Registered: ‎09-13-2012
0

Re: Credit Care denial

As CreditAddict stated, GE will not recon a computer denial.

Perhaps you can have someone cosign for you.
Valued Contributor
Shellie
Posts: 1,232
Registered: ‎05-15-2013
0

Re: Credit Care denial

[ Edited ]

I really didn't want to take aditional HP. 

 

Does any one have any knowledge as to whether the amount asked for actually affects the decision?

myFICO EQ Starting Score 568 05/01/2013 Current Score 657



Epic Contributor
Creditaddict
Posts: 20,029
Registered: ‎10-23-2007
0

Re: Credit Care denial


Shellie wrote:

I really didn't want to take aditional HP. 

 

Does any one have any knowledge as to whether the amount asked for actually affects the decision?


no it counters what they can approve for vs what you asked for.

Fico Scores: EQ 673 DCU, TU 678 Wally, EX 669 Chase(08-31-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 45 Cards in between :smileytongue:
Frequent Contributor
Peter1142
Posts: 346
Registered: ‎08-17-2013
0

Re: Credit Care denial

[ Edited ]

Maybe it's the 1yr AAoA.

 

CareCredit seems to be tightening up a bit. They lowered a whole bunch of very high CL's, as a result of the split.

Valued Contributor
FinStar
Posts: 5,319
Registered: ‎10-21-2012
0

Re: Credit Care denial


Creditaddict wrote:

Shellie wrote:

I really didn't want to take aditional HP. 

 

Does any one have any knowledge as to whether the amount asked for actually affects the decision?


no it counters what they can approve for vs what you asked for.


+1

 

The decision is based on your credit profile amongst a few things, not what you asked.

Valued Contributor
Shellie
Posts: 1,232
Registered: ‎05-15-2013
0

Re: Credit Care denial

Well it stinks!  I definitely could've used it. 

myFICO EQ Starting Score 568 05/01/2013 Current Score 657



Senior Contributor
fishbjc
Posts: 3,377
Registered: ‎11-30-2007
0

Re: Credit Care denial

Me 630's...$1500 instant.  Called for a cli and bumped to $2500, which is what I needed.

DH 670's...$2500 instant.

 

Hope this helps.


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