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

[payingoffdebt001]

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

[clocktick]

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@payingoffdebt001 wrote:

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

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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!

[JonStur]

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

[payingoffdebt001]

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!