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Frequent Contributor
payingoffdebt001
Posts: 406
Registered: ‎04-15-2011

Walmart Denial & reason why.....(Inquiries)

Probably not a good time to apply for credit cards if you just applied for an auto loan.

 

Just thought I'd post this info, I just applied & got my new car about 2 weeks ago and now I have a total of 12 inquiries (not all due to the auto loan).  So probably not a good time to go and apply for credit cards, get cards first then car if you are new to this rebuilding.

 

I dont have any open or new accounts with lates. 

I do have 2 new credit cards that are both reporting current, limits are low $350 each and utlilzation is around 22%.

 

Walmart CC Denial reason:

 

  • TOO MANY INQUIRIES IN THE LAST 6 MONTHS

 

  • NUMBER OF MONTHS SINCE 30 DAYS PAST DUE ON A CREDIT ACCOUNT IS TOO LOW (what does this really mean??)
  • TOO FEW REVOLVING ACCOUNTS 

 

 

 

Valued Contributor
clocktick
Posts: 1,603
Registered: ‎12-07-2008

Re: Walmart Denial & reason why.....(Inquiries)

[ Edited ]

payingoffdebt001 wrote:

 

  • NUMBER OF MONTHS SINCE 30 DAYS PAST DUE ON A CREDIT ACCOUNT IS TOO LOW (what does this really mean??)

 

 


 

That means it's been too recent, in their opinion, since you had a 30-day late payment.  Sorry about this but congrats on your new car!

 

11/30/08 TU 648 EX 672 EQ 656 JUNE 2014 TU 779 EX 764 EQ 721
Amex BCP $24.1K/Clear $8.5- Barclays LLBean $15k/Sallie Mae $12.5 -Cap One QS $4 - Chase Freedom $7.5/United $5k/CSP $20k/Ink- Citi DP $9.5/Dividend $13k/HHHx2 $15k/16.4/Reserve $4.5k Best Buy $1940- Discover IT $15k - Elan $8k GEMB Lowes $20k - Macy's $2k - Kohl's $800




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Current Score: 736
Goal Score: 765


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Established Contributor
JonStur
Posts: 902
Registered: ‎12-25-2010

Re: Walmart Denial & reason why.....(Inquiries)

You must have had a recent 30 day late...my GF has a 2yo bankruptcy and was approved....

Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
Frequent Contributor
payingoffdebt001
Posts: 406
Registered: ‎04-15-2011

Re: Walmart Denial & reason why.....(Inquiries)

[ Edited ]

I really think it was too many inquiries that messed it up for me. 

 

I just went and checked TU &EQ and now I do see it..I have a Repo on my reports from 2009, its listed as CLOSED/ Charged Off  should the history be showing??

I am now on a payment plan with them and I noticed it has KD listed for every month .  Weird that I was approved for other credit cards but I'm glad I did, one was a Cap1 with no deposit necessary.

 

If its a charge off can they still keep reporting the monthly status? I thought I read somewhere they usually dont..I may be wrong. 

 

thanks!


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