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Senior Contributor
youngandcreditwrthy
Posts: 6,137
Registered: ‎08-16-2012

IF denied, creditor MUST provide Bureau used and Score used right?

So I got denied Citi Diamond Preferred Dec 4th. Just got the denial letter like a week ago.

 

They only gave ME ONE reason:

 

Too many Recently opened accounts recorded on Equifax report

 

 

They DID NOT give me me EQ Score.... or any other info.

 

Aren't they REQUIRED TO FURNISH my FICO?????

 

I even sent them an updated report after some derogatory info was removed, and I was still denied. These jokers are out of control. The lady I last spoke with couldn't even tell me why it was denied this time... she REFUSED to tell me.. and told me to check my report. I CHECK my reports! That has nothing to do with why Citi denied me!!! I haven't even opened an account in THREE MONTHS! and my FICO is like 720'ish on EQ. I'm pretty upset...

 

not because I got denied (well, that is upsetting)

but because I've gained no insight into Citi approval...

and they didn't even really give me a valid reason for denial!

UGH

 

Thanks for letting me vent :-)

I want to contact the Exec Office!! GR

Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Senior Contributor
john398
Posts: 3,507
Registered: ‎01-19-2009

Re: IF denied, creditor MUST provide Bureau used and Score used right?

you should get atleast some score
Established Contributor
djrez4
Posts: 504
Registered: ‎08-28-2012

Re: IF denied, creditor MUST provide Bureau used and Score used right?

You get the score if it was a factor in the decision to deny credit or to grant it at less than optimal terms.

 

If they didn't use your score, they don't have to provide it.

Senior Contributor
youngandcreditwrthy
Posts: 6,137
Registered: ‎08-16-2012

Re: IF denied, creditor MUST provide Bureau used and Score used right?

okay, but the last Rep said my "FICO was too low"

 

and still no score.

 

So.. is this illegal??

 

HM.. maybe it's time for me to use the CFPB???

LOL

Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Contributor
GreatCreditFor2012
Posts: 95
Registered: ‎02-26-2012

Re: IF denied, creditor MUST provide Bureau used and Score used right?

Umm didn't they give you a reason? "Too Many New Accounts" right? Well there is your answer... Obviously 3 Months is too soon to be applying for more credit according to Citi.



Established Contributor
djrez4
Posts: 504
Registered: ‎08-28-2012

Re: IF denied, creditor MUST provide Bureau used and Score used right?


youngandcreditwrthy wrote:

okay, but the last Rep said my "FICO was too low"

 

and still no score.

 

So.. is this illegal??

 

HM.. maybe it's time for me to use the CFPB???

LOL


Citi isn't going to jerk you around and violate federal law.  The letters are generated by computer.  If the letter says your score wasn't a factor, it wasn't a factor, despite what some CS rep may say.  Remember - credit is a privilege that you have to earn.  Citi doesn't want to extend you credit.  Tough cookies.

 

Don't waste the CFPB's time just because you got denied for a card you want.

Senior Contributor
youngandcreditwrthy
Posts: 6,137
Registered: ‎08-16-2012

Re: IF denied, creditor MUST provide Bureau used and Score used right?

haha okay.

Thanks for the negative advice....and I know credit is a privelege blah blah blahh..SCORE is ALWAYS a factor with credit.. duh.

 

but I'm probably better off sticking with my plan ;-)

Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Contributor
GreatCreditFor2012
Posts: 95
Registered: ‎02-26-2012

Re: IF denied, creditor MUST provide Bureau used and Score used right?

LoL SNAP!! LoL



Valued Contributor
navigatethis12
Posts: 1,881
Registered: ‎01-24-2012

Re: IF denied, creditor MUST provide Bureau used and Score used right?

I was recently declined the Chase Ink Plus and was not given a score. The main reason was because business is too new, so the score played no factor in it.

Contributor
GreatCreditFor2012
Posts: 95
Registered: ‎02-26-2012

Re: IF denied, creditor MUST provide Bureau used and Score used right?

Djrez4 went IN!! LoL




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