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(reluctantly standing up) Hello,
My name is rebuilding credit and I have been on an app spree during the last 7 days. I have app'd for the following in this precise order:
Chase Freedom: Approved $4,000.00
Best Buy: Approved $ 300.00
Jared: Approved $2,000.00
Macy's Approved $1,200.00
Nordstrom: Declined Despite Creditaddict's advice. They are very inquiry sensitive.
Issue: I received the negative statement from the salesperson at Nordstrom conveying my app was declined. I was embarrased but held my head up high and said no worries. Requested a number to call. They provided me with a number to call. I spoke with one person who informed was unable to share any information other than I was declined for an array of reasons. After speaking with 3 different people, I managed to speak with the manager whom conveyed that I was declined due to the number of inquiries. In an attempt to reason with her, from what I have learned on this forum, I kindly requested her to reconsider. I asked which CB's report did they pull and she shared that it was Equifax. I informed her that I track all my credit reports and that before applying, I was quite confident that I would be approved since I have hardly no debt, I earn more than 100k/yr and that I was interested in building a credit relationship with Nordstrom. She emphasized the number of inquiries I had posted on my report (EQ 4 inqs) and that I had just a recent account opened in Sept. I calmly explained that my credit limit was indeed low but that my CU was rather low, I had moderate scores: EQ 760 and on EX 747. I also conveyed that I have never been tardy with my payments, had an extremely low CU %: 9, my income exceeded 100k and I had hardly no debt. The reason why I requested credit was to establish tradeline relationship, despite all my recent inquiries, she later pulled EX with 8 inquiries (3 which I am disputing). I offered to fax proof of income and she said she was more than willing to reconsider after confirming my income and identification. I believe that I may be approved and certainly thank her in advance for her kind assistance. I will fax all the requested information tomorrow morning.
Any other recommendations or suggestions the forum may have is greatly appreciated beforehand.
12/17/09 FICO EQ 721 TU 623 FAKO EX 711
12/22/09 FICO EQ 760 TU 666 FAKO EX 747
2007 500+ overall score
2010 GOAL: By mid year reach 750-795 on all 3 CBs
12/17/09 FICO EQ 721 TU 623 FAKO EX 711
12/22/09 FICO EQ 760 TU 666 FAKO EX 747
2007 500+ overall score
2010 GOAL: By mid year reach 750-795 on all 3 CBs
Hello corsbyk1!
Thanks for your feedback. I hope you are right! Actually, she never asked for proof of income, I brought it up and she agreed. After all, the board does say, and she did confirmed, that they are inquiry sensitive. Let's hope for the best. :-)
Hello Lynette,
Sure! I pratically PIF my two cards and my report showed credit utilization to less than 9%. I was expecting an increment of 10-20 points but sure did welcome the increment of points they have given me.
Many thanks Sensei CreditAddict for your advise. I will send the requested information this morning and follow up with her later early evening. I am addicted to this forum :-)
BTW, what kind of CL should I be expecting or requesting? If memory serves me, the Nordstrom Signature Visa is a min of $5k CL, correct?
Cheers,
Rebuilding_Credit
Hello creditaddict,
Firstly, Happy New Year! Hoping you had a wonderful holiday! I was actually declined but after much persistence and diligence, I was approved for a small CL of $500.00 for the store card. I do recall that you had conveyed to request an upgrade but they declined. :-(
rebuilding_credit wrote:
Hello creditaddict,
Firstly, Happy New Year! Hoping you had a wonderful holiday! I was actually declined but after much persistence and diligence, I was approved for a small CL of $500.00 for the store card. I do recall that you had conveyed to request an upgrade but they declined. :-(
request it after 6 months and with good history you'll get the visa upgrade (and a healthy CLI) w/ no prob., in the meantime enjoy the store card, it is one of the best out there IMO. congrats on the approval! Happy New Year!!