cancel
Showing results for 
Search instead for 
Did you mean: 

Something not adding up.....

Regular Contributor

Something not adding up.....

A few ago I tried the Cap One  online cli and was declined, whatever. I recieved the letter stating why and it just stated this account is not eligible. The funny thing is is that they stated my equifax score is 705, not 700 where I've been stuck at for the last 3 mos. And I just checked my score here last week.

From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
8 REPLIES
Super Contributor

Re: Something not adding up.....

The difference between 700 and 705 is tiny and so doesn't really matter.   It's possible that Cap One is using one of the FICO credit card enhanced scores, which is not quite the same as the one you get here, or a different generation of FICO, or a non-FICO score.  Did they give the range of the score?

Regular Contributor

Re: Something not adding up.....

Also check the date of the report Cap 1 used. On my last decline for a CLI they used a report from June 25 even though the request was for 7/28. In March they used a January report. That might be the reason for the 5 point difference.


No apps until 8/2014
March 2013 Starting FICO Score: EQ: 584 TU: 564 EX: ??
August 2013 Current FICO Scores: EQ:664 EX:684 Walmart TU: 666
Epic Contributor

Re: Something not adding up.....

you need to just contact EO... they can product change the card to the new Quick Silver or Venture perhaps if you like that better and then get you a CLI.

Senior Contributor

Re: Something not adding up.....

It saying the account is not eligible could mean that they are not giving CLI on your type of account right now I belive

Moderator Emerita

Re: Something not adding up.....

+1

If the account is less than 6 mos old and/or was an OB could be other reasons why its not considered 'eligible'
Epic Contributor

Re: Something not adding up.....

The EO can change the type so it is eligible though!
Regular Contributor

Re: Something not adding up.....

Just wanna chime in and say it can't be your credit score because I got an increase with a score around 630.

Capital One Quicksilver: 14k * Alliant: 4k * BoA: 6k * Discover (secured): 500 * Best Buy Visa: 10k * Amex BCE: 1k, Amex Everyday: 1k * Target RedCard: 5k * Walmart: 10k * Citi (secured): 500 * Care Credit: 10k
Highlighted
Established Contributor

Re: Something not adding up.....

As longtime said, most likely enhanced bankcard FICO scoring model used. When i got my approval letter from BOA last week, they listed my score as 813 from TU, and i pulled it at 798, so small difference in scoring model. Usually works out to our advantage though with the difference.

Current Score: EQ: 828, EX: 833, TU: 820 Citi TY Premier WEMC 46.5, (Since 1983)Discover 15.6k|BOA WMC 30.5k|Barclays Juniper Rewards 15k|Barclays Amex 20k| Cap One QS WMC 15K|Chase Freedom VS 19.3k|Citi Dividend WEMC 25k|FNBO 15.5k|CSP 22.1K|Chase Marriott 31.3k|Citi TYP 20K|Citi DP 16.5k|Macys 5k|Sams MasterCard 15k|Barclay Arrival Plus WEMC 18.7k|Chase IHG WMC 26k|Citi Double Cash 10k|Chase MileagePlus Explorer 14k|Amex Everyday 16.2|BBVA Amex 22.5k|Total Rewards VS 12.5k|SGV 10K|Venture 12k|BOA Virgin Atlantic WEMC 11.2K|MB Amex 9.5k