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12-16-2007 01:23 PM
12-16-2007 02:24 PM
I would say just 3 or 4 months ago I applied for say the target credit card and was denied due to too many recent delinquencies. Now i applied a couple days ago I applied again and got approved. The only difference now is i added a couple credit cards and it raised my score some. Does the recent delinquencies not matter as much if you have a higher credit score? If thats the case they should just too low credit score instead of recent delinquencies. Also ive been denied for having too many installment loans. I only have one which is my student loan.
Three or four months can make a difference where recency is concerned. For store cards it can be 6 mos to a year before they will approve you. As far as too many installments. Was this the reason or was 'Balance too high on existing installments' the reason? I have seen both. Yes with higher scores they may instant you where you may have gone through secondary decisioning with theprior approval. Open revolving accounts make a big difference.
12-16-2007 02:53 PM
12-16-2007 04:25 PM
12-16-2007 04:38 PM
I.E- Amex and Discover took me and Citi Upromise wouldn't touch me w/ a ten foot pole. Go figure. Reason- current open collection- less than 150 and almost three years old. Wouldn't pay it cuz of the principle- (dumb me, there is no such thing as having "principles" when it comes to not letting things go into collections)..
Ok I'm not laughing at you but this is the reason I now have a PAID 62.00 collection on my file. I still say I shouldn't have paid it
12-16-2007 04:43 PM
netpanther wrote:I.E- Amex and Discover took me and Citi Upromise wouldn't touch me w/ a ten foot pole. Go figure. Reason- current open collection- less than 150 and almost three years old. Wouldn't pay it cuz of the principle- (dumb me, there is no such thing as having "principles" when it comes to not letting things go into collections)..Ok I'm not laughing at you but this is the reason I now have a PAID 62.00 collection on my file. I still say I shouldn't have paid it
12-16-2007 04:48 PM - edited 12-16-2007 04:48 PM
12-16-2007 04:50 PM
Good for you. Will NEVER let anything go to collections again, as they follow you around like the worst case of athelete's foot you have ever seen! hahaha
Brammy wrote:That is the only collection on my file. For an insurance policy that was cancelled and converted to another company. They collector removed it when I initially disputed it and didn't know it had cropped back up til I pulled my reports last year
Message Edited by Brammy on 12-16-2007 07:48 PM
12-16-2007 04:55 PM
netpanther wrote:Try to keep in mind that each loan/ CC holder has their own determinations and so you can have a good, great or excellent Fico scores and they still might turn you down.
Some are-collections less than one, two or three years old, no matter what the amount, paid or unpaidbankruptcy in less than seven yearsmaxed out on all your cards or nearly maxed outtoo many other loans that you have only begun to pay on...
can anyone think of more? add to the list if you want...
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