Macy's denial

[QAMngrGirl]

This was about a year ago, my scores were:

EX 651/EQ 620/TU 655

I had a Fingerhut 750.00 CL (don't judge, they report well!)

BofA secured (99/500)

I was denied online, called the number given and the rep told me I was declined for not having a mortgage or car payment

I was 36, car under my bfs name, and renting

Has anyone else heard this denial reason before?

[creditnocash]

---

@QAMngrGirl wrote:

This was about a year ago, my scores were:

EX 651/EQ 620/TU 655

I had a Fingerhut 750.00 CL (don't judge, they report well!)

BofA secured (99/500)

I was denied online, called the number given and the rep told me I was declined for not having a mortgage or car payment

I was 36, car under my bfs name, and renting

Has anyone else heard this denial reason before?

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bull id call back and recon. 

the only thing i had on my report when i apped was a best buy store card. 

and i just added a car installment loan in aug of this year (about a year and a half after i got the card)

[Epcot]

I have never heard of someone being denied a card solely due to lack of an installment loan or mortgage. That's crazy.

[QAMngrGirl]

I had never heard of  it either, only that types of credit lines should be mixed = albeit not crucial it's helpful... but should not warrant a flat out denial

[BearsAndTurtlesRtheBest]

They lied to you! my sister who is 18 got her macys card on 04-01-12 with a $300 CL and with nothing reporting except a joint acct she has had since 02-09-12. Something is not right you should contact them and make them tell you the real reason why they denied your first application. 

[Imua]

when i got my macy's card in 2008, the only TLs i had were 1 cc (BofA, opened only a few months prior, PIF monthly) and a CU overdraft LOC ($0 balance, established in 1990),  i applied in-store while making a purchase.

no mortgage, no installment loans, and no auto loan/s (open or closed) on any of my CRs at the time.

[trumpet-205]

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@QAMngrGirl wrote:

I was denied online, called the number given and the rep told me I was declined for not having a mortgage or car payment

I was 36, car under my bfs name, and renting

Has anyone else heard this denial reason before?

---

Yes, lack of mortgage or auto loan can be a reason for denial. This reason alone is not enough to get you denied. But when combined with other reasons, it became a compelling argument to have you denied.

Your letter will cite multiple reasons for denial.

[slarano]

I've never had a mortgage or car payment. However, I do have student loans and that probably got me my approval when I first app'd for Macy's over four years ago.

[distantarray]

lol i'm buying a house in cash, and bought my car with cash looks like I can't get a Macy's credit card =(