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Fico score is 716.

Established Contributor

Fico score is 716.

I just got a denial letter from BOA and the Fico score is 716. Smiley Happy

And my Freedom card came yay!!

10 REPLIES
Community Leader
Super Contributor

Re: Fico score is 716.

Whoa! What were the reasons for denial?
Established Contributor

Re: Fico score is 716.

Length of time accounts have been established.

Lack of recent installment loan information.

Too many inquiries in the last 12 months.

Length of time revolving accounts have been established. 

 

It's okay, I got better cards than BOA Smiley Happy.

Established Contributor

Re: Fico score is 716.


killer_queen229 wrote:

Length of time accounts have been established.

Lack of recent installment loan information.

Too many inquiries in the last 12 months.

Length of time revolving accounts have been established. 

 

It's okay, I got better cards than BOA Smiley Happy.


Congrats on your Freedom .. Chase is a hard nut to crack..Smiley Surprised

BOA There loss I wouldn't waiste another HP with them Personally

Let the Inquiries start dropping off

Installment loan- It's considered 3rd Tier and helps giving you a Mix Wouldn't worrie about that

Length of Time... See you in Garden Having Chase is Awesome


(Chase)- Freedom, CSP®, United MileagePlus® Explorer, Marriott Rewards® Premier, Penfed cash+ rewards/Promise/Defender.
Amex’s- BCE, Hilton, SPG®, PRG® and Blue®, NFCU Cash Rewards, FHB Destinations World Elite.
- Amex Centurion,(Citi) Executive/Platinum® Advantage


Alaska Airlines
Moderator

Re: Fico score is 716.


hot4u wrote:

killer_queen229 wrote:

Length of time accounts have been established.

Lack of recent installment loan information.

Too many inquiries in the last 12 months.

Length of time revolving accounts have been established. 

 

It's okay, I got better cards than BOA Smiley Happy.


Congrats on your Freedom .. Chase is a hard nut to crack..Smiley Surprised

BOA There loss I wouldn't waiste another HP with them Personally

Let the Inquiries start dropping off

Installment loan- It's considered 3rd Tier and helps giving you a Mix Wouldn't worrie about that

Length of Time... See you in Garden Having Chase is Awesome


A mortgage is third tier? Smiley Happy.

 

Installment loans cover a broad range of things, not just consumer finance type accounts.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


Take the myFICO Fitness Challenge
Established Contributor

Re: Fico score is 716.

Yeah I won't apply with BOA again even when I haven't applied in a long time.

Super Contributor

Re: Fico score is 716.

Seems pretty expected to me. lol

Sooner or later during an apping stretch comes that Oooops. But no matter. You reeled in some nice prize catches.

Enjoy!
Established Contributor

Re: Fico score is 716.

With a score like that I never thought I had. I did get some nice prizes and I shouldn't feel bad that one company didn't want me to be a customer of theirs.

Established Contributor

Re: Fico score is 716.


Revelate wrote:

hot4u wrote:

killer_queen229 wrote:

Length of time accounts have been established.

Lack of recent installment loan information.

Too many inquiries in the last 12 months.

Length of time revolving accounts have been established. 

 

It's okay, I got better cards than BOA Smiley Happy.


Congrats on your Freedom .. Chase is a hard nut to crack..Smiley Surprised

BOA There loss I wouldn't waiste another HP with them Personally

Let the Inquiries start dropping off

Installment loan- It's considered 3rd Tier and helps giving you a Mix Wouldn't worrie about that

Length of Time... See you in Garden Having Chase is Awesome


A mortgage is third tier? Smiley Happy.

 

Installment loans 3rd Tier * Good for Credit Mix

Mortgage 4th Tier



(Chase)- Freedom, CSP®, United MileagePlus® Explorer, Marriott Rewards® Premier, Penfed cash+ rewards/Promise/Defender.
Amex’s- BCE, Hilton, SPG®, PRG® and Blue®, NFCU Cash Rewards, FHB Destinations World Elite.
- Amex Centurion,(Citi) Executive/Platinum® Advantage


Alaska Airlines
Established Contributor

Re: Fico score is 716.


killer_queen229 wrote:

Yeah I won't apply with BOA again even when I haven't applied in a long time.

Well you have to realize score is not everything, and if I recall correctly your AAOA was not even a year because you a few weeks were suppose to be waiting to March , and then slow but surely itch got to you.  I would not write off a bank just because they would not apporve you right now, especially BOFA who in my experience has been very good to me.  Just treat your current cards well, and you will be fine. 



TU 715 No apps to 05/13 cash+ 5/13!!! 738 TU CSP April 13!!!CSP approved May 13!!!