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Well, I got my denial letter from ML today. It says I was denied because I don't have enough revolving credit or length of revolving credit. I think I found the problem. They ran their check through TU and EX, but only used EX to make their decision. When I saw this, I checked my account on TC and found that all of my revolving credit, except for my new BoA card, is reporting on EQ. They did say I could write and ask for reconsideration if I had new information that would help change their decision.
Should I ask them to run my EQ CR and see if that changes anything? If so, how long do I have that I can send the letter? I just got my green card back from EQ today on another issue I'm working. Should I wait to hear about this before writing ML for reconsideration?
@Thunderseven wrote:Well, I got my denial letter from ML today. It says I was denied because I don't have enough revolving credit or length of revolving credit. I think I found the problem. They ran their check through TU and EX, but only used EX to make their decision. When I saw this, I checked my account on TC and found that all of my revolving credit, except for my new BoA card, is reporting on EQ. They did say I could write and ask for reconsideration if I had new information that would help change their decision.
Should I ask them to run my EQ CR and see if that changes anything? If so, how long do I have that I can send the letter? I just got my green card back from EQ today on another issue I'm working. Should I wait to hear about this before writing ML for reconsideration?
1) How can that be. You must have a thin/young credit file with some real oddball TL's on it.
2) Fix your credit reports first, then apply for credit.