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Valued Contributor
Posts: 1,608
Registered: ‎04-06-2011
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Re: Denied Zync.....stupid Dungeon

My EX AAoA is 1 year, I have a baddie from 2006 still showing (collection), and my EX is 677 according to them. What were the reasons for denial, just score and AAoA?

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 723 07/15 (PSECU), TU08 699 05/15
Goal Score: 725+ across the board


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Regular Contributor
Posts: 236
Registered: ‎12-09-2011
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Re: Denied Zync.....stupid Dungeon

Yes those both, also they said the analysis of risk associated with customers who have accounts with the creditors in my credit report. Also the amount paid over my bank and retail credit card accounts over the past 12 months is too low <-- that's pretty much verbatim.


Starting Score: TU 660 EQ 623 EX 644
Current Score: TU 670 EQ 683 EX ???
Goal Score: 700 on all 3

Freedom: $3k, CSP: $5k, Chase Disney Premier: $5k, AmEx Zync: NPSL, Cap1 NH: $750, Cap1 Plat: $750, USC CU: $500
Valued Contributor
Posts: 1,608
Registered: ‎04-06-2011
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Re: Denied Zync.....stupid Dungeon

I got most of those reasons in October. Only one I've never gotten is the one about others with similar cards. Do you have subprime cards?

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 723 07/15 (PSECU), TU08 699 05/15
Goal Score: 725+ across the board


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Valued Contributor
Posts: 1,276
Registered: ‎09-22-2009
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Re: Denied Zync.....stupid Dungeon


Mickey11 wrote:
Yes those both, also they said the analysis of risk associated with customers who have accounts with the creditors in my credit report. Also the amount paid over my bank and retail credit card accounts over the past 12 months is too low <-- that's pretty much verbatim.

Your denial reasons show a good example of why that it's not just the score that counts.  The type of creditors you have makes a big difference to some lenders and to FICO scoring as well.  My guess is that in combination with your EX report, AMEX internal scoring programs may look for particular names such as First Premier, Credit One, or Orchard, in which case your flagged as a rebuilder.  This raises risk.  I know that FICO scoring doesn't like "note loans" which include personal loans and payday loans.  So in some instances, having an account in good standing and paid in full (depending on type and lender) may do you more harm than good in the long run. 

 

They probably mentioned something about the amount paid on your balances over the last 12 months being to low because the Zync is a charge card, which means payment in full every month, and they could see the potential for you to get into trouble with such a card since you haven't paid down very much on your existing accounts. 

EQ FICO - EQ08 - 850 - 01/01/15
TU FICO - TU08 - 850 - 01/01/15
EX FICO - EX08 - 850 - 01/01/15
EX FICO - V2 - 840 - 01/01/15
EQ FICO - EQ04 - 818 - 01/01/15
EQ FICO - Bankcard Enhanced 8 - 885 - 1/24/15
Regular Contributor
Posts: 236
Registered: ‎12-09-2011
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Re: Denied Zync.....stupid Dungeon

Yeah I have a OB $300 CL and a Cap 1 No Hassle $500, I knew that Orchard would be the death of me! However I always pay in full, I called the recon number, the lady I spoke to was very nice, said she would look into it for me, 24-48 hr turnaround time. Let us pray!


Starting Score: TU 660 EQ 623 EX 644
Current Score: TU 670 EQ 683 EX ???
Goal Score: 700 on all 3

Freedom: $3k, CSP: $5k, Chase Disney Premier: $5k, AmEx Zync: NPSL, Cap1 NH: $750, Cap1 Plat: $750, USC CU: $500
Valued Contributor
Posts: 1,608
Registered: ‎04-06-2011
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Re: Denied Zync.....stupid Dungeon

Hope you get it!

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 723 07/15 (PSECU), TU08 699 05/15
Goal Score: 725+ across the board


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Frequent Contributor
Posts: 427
Registered: ‎11-25-2011
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Re: Denied Zync.....stupid Dungeon


Mickey11 wrote:
Ok I called! I was so nervous for some reason, stupid AmEx all I want is to become friends with you!

quote of the year.

 

 

 

in other news..... i need to get rid of my orchard card


TU08 762
NFCU Visa Signature $20,000, Citi Prestige $15,500, USAA Mastercard $11,000, American Express Platinum, Barclays American Express $4700, Best Buy Mastercard $400, Orchard/Capital One $700
Established Contributor
Posts: 510
Registered: ‎04-16-2011
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Re: Denied Zync.....stupid Dungeon

i just tried to recon, got denied again because of student loan debt.. when i dont have any!!!!!!!!!!!!!!!


Starting Score: 575 (As Of Early 2011)
Current Score: TU: 767 EQ: 732 EX; 742 (As Of Feb 2012)
Goal Score: 750


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New Contributor
Posts: 359
Registered: ‎11-29-2011
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Re: Denied Zync.....stupid Dungeon


Juan123 wrote:

i just tried to recon, got denied again because of student loan debt.. when i dont have any!!!!!!!!!!!!!!!


You don't have any but its showing on your report that you do?

 

Red Flag..?

TU08:: 754 (4/14) EQ: 745 (6/14) 753 (1/13) Ex: 766 (12/11)
Goal: 800! Then Keep it there and keep growing!~
Card(s): HSBC Premier WMC: 5,000 (7/09), Chase Freedom 6,000 (11/11) BCE 3,200 (12/11) Chase Saph: 5,000 (5/12)
Established Contributor
Posts: 510
Registered: ‎04-16-2011
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Re: Denied Zync.....stupid Dungeon


PetRaccoon wrote:

Juan123 wrote:

i just tried to recon, got denied again because of student loan debt.. when i dont have any!!!!!!!!!!!!!!!


You don't have any but its showing on your report that you do?

 

Red Flag..?


well let me explain, i have student loans totaling about $2000... its not in repayment yet since im still in school. thats what i meant >_<


Starting Score: 575 (As Of Early 2011)
Current Score: TU: 767 EQ: 732 EX; 742 (As Of Feb 2012)
Goal Score: 750


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