03-08-2009 12:36 PM
03-08-2009 06:13 PM
I called the number posted in this thread and the CSR told me that I was denied for debt-to-income ratio. They pulled both TU and Experian. I'm waiting for the letter to see if I was also denied for inquiries.
Sorry you didn't get it.
At least you know what you'd need to do to be approved - get your util down (and fewer inquiries can't hurt, of course!), and it sounds like you'd have a good shot. US Bank is one of the good ones, so please don't feel deterred from trying again if it's one you'd like to get when you think you're in a position they're more likely to give a big fat YES to!
03-08-2009 06:34 PM
03-08-2009 09:18 PM
03-08-2009 09:26 PM
Thanks for the responses. Guardian and fevmlo, it's not your faults. If it wasn't for you guys, I wouldn't know about US Bank. I'm definitely going to give them another shot in the summer after I pay off my debt and hopefully they can open their doors to me. You're right, at least now I know what I need to improve in order for them to approve my application. My current go to card is my BOA Visa but I've been watching them closely and they look like they're going down the toilet along with Citi. If that was happen, I would want to establish a relationship with a bank that will survive this mess.
You are welcome and keep the positive outlook, its your greatest motivator. Just take your time, build yourself up a bit more, get stronger and try again. They reward responsible behavior, so it will serve you well no matter what.
03-09-2009 12:36 PM
03-09-2009 03:55 PM
I am feelin the US Bank luv too - I got my new card on Friday, they granted me 10K at 0% for 1 year and BTs at 2.99 It really made me happy with all the negative vibes I've been feeling over my ficos / amex woes.
Congrats, that is EXCELLENT. I am very happy for you.
03-09-2009 06:44 PM
I would definitely feel good to get approved for a card that requires a very clean report. It's definitely a sense of accomplishment.
Yes, not only that but also shows the creditor is a stable, responsible and reliable one that doesn't want to just extend credit but wants to build a true relationship. Hit and run creditors like HSBC and Crapital One are the ones that usually pray on the rest.
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.