Credit Cards Center Credit cards from our partners
Reply
Member
Posts: 11
Registered: ‎11-05-2008
0

Denied for Wells Fargo CC and Citi CLI but score jumped 84 points...

Should I call the credit analyst numbers for each company and ask for re-consideration?

I recently paid down some credit cards and my score improved from 599 to 683.

I currently have the following:

(2) Cap 1 CL of $1500 and $750

Citi   CL of $1900

(2) Bank of America CL of $1900 and $1500

Orchard Bank CL $800

Discover CL $300

Macys CL $300

 

I only owe $2200 total among all the cards so my utilization is low now. However, I have 5 baddies (3 collections and 2 accounts with lates....everything is paid in full). 1 collection is getting deleted due to a GW and the other 2 probably aren't going anywhere. I have 1 late payment on a WF auto loan and 1 late payment from 1st Premier Bank 4 years ago...

My BOA old CC is really bad. I was 120 days late, 90 days, 60 days, 30 days, for two consecutive years. Then it was paid off around 2009 and appears as "OK" since then.

 

 

I also have 10 hard inquiries....

Student loan in deferrment

Auto loan current on now owe $6500 from original 17k....

 

So, knowing all that, I was denied for a "pre-approved" WF card despite having 3 banking accounts with them, and denied a CLI of $1100 with Citi who I have an excellent history with. Should I call and ask for reconsideration given the massive spike in my credit score? Any tips on what to say?

Thanks for any and all suggestions!

American Express Blue Cash $10k Chase Southwest Visa $12k BOA Cash Rewards $9,000 BOA Spirit Airlines $9,000 Citi American Airlines $2,000 Wells Fargo Cash Back $3,000 GE Paypal $4,250 Discover IT $3,800 1st Florida Credit Union $4,000 Priceline Barclay Visa $5,100 LanPass Visa $6,000
Highlighted
Valued Contributor
Posts: 2,137
Registered: ‎06-16-2012
0

Re: Denied for Wells Fargo CC and Citi CLI but score jumped 84 points...


fatjoe8 wrote:

Should I call the credit analyst numbers for each company and ask for re-consideration?

I recently paid down some credit cards and my score improved from 599 to 683.

I currently have the following:

(2) Cap 1 CL of $1500 and $750

Citi   CL of $1900

(2) Bank of America CL of $1900 and $1500

Orchard Bank CL $800

Discover CL $300

Macys CL $300

 

I only owe $2200 total among all the cards so my utilization is low now. However, I have 5 baddies (3 collections and 2 accounts with lates....everything is paid in full). 1 collection is getting deleted due to a GW and the other 2 probably aren't going anywhere. I have 1 late payment on a WF auto loan and 1 late payment from 1st Premier Bank 4 years ago...

My BOA old CC is really bad. I was 120 days late, 90 days, 60 days, 30 days, for two consecutive years. Then it was paid off around 2009 and appears as "OK" since then.

 

 

I also have 10 hard inquiries....

Student loan in deferrment

Auto loan current on now owe $6500 from original 17k....

 

So, knowing all that, I was denied for a "pre-approved" WF card despite having 3 banking accounts with them, and denied a CLI of $1100 with Citi who I have an excellent history with. Should I call and ask for reconsideration given the massive spike in my credit score? Any tips on what to say?

Thanks for any and all suggestions!


you actually could proably recon with WF. When i applied back in April i was first denied and i called them and after knowing the reason they denied me the lady said she will resubmitt the application to UW so i think you do have a shot with them. Good luck and keep us posted.

gardening since 5/21/2016

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.