What Gives GE

[Anonymous]

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@laz98 wrote:

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@Anonymous wrote:

When I got my ppbc about two months ago I was instantly approved. All i have is a cell phone.

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me too.  i wonder why some people get hassled so much over it.

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GEMB uses a third party source to verify and they often screw things up. 

[tunseeker1]

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@Anonymous wrote:

None at all?  How's that?  When they decline a credit application they are required to provide an ECOA notice stating the reasons.

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If you have an account with the company and they use and internal database to deny you I thought they didn't have to give a reason other then past history with company.

[Anonymous]

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@tunseeker1 wrote:

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@Anonymous wrote:

None at all?  How's that?  When they decline a credit application they are required to provide an ECOA notice stating the reasons.

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If you have an account with the company and they use and internal database to deny you I thought they didn't have to give a reason other then past history with company.

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Right, but they have to provide an ECOA notice with that reason (i.e. past history) and the source of that data (i.e. internal database) or a statement that you may request that reason from them within a certain period of time -- 30 days, I believe.

[Creditaddict]

Update: Decline stays, looks like because of the BK.  Does GE want 1,2,or 3 years since BK.. I forget.

[laz98]

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@tunseeker1 wrote:

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@Anonymous wrote:

None at all?  How's that?  When they decline a credit application they are required to provide an ECOA notice stating the reasons.

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If you have an account with the company and they use and internal database to deny you I thought they didn't have to give a reason other then past history with company.

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i don't know if that's true or not, just wanted to say they pulled my EX report, so they didn't use internal records.

[Anonymous]

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@laz98 wrote:

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@tunseeker1 wrote:

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@Anonymous wrote:

None at all?  How's that?  When they decline a credit application they are required to provide an ECOA notice stating the reasons.

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If you have an account with the company and they use and internal database to deny you I thought they didn't have to give a reason other then past history with company.

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i don't know if that's true or not, just wanted to say they pulled my EX report, so they didn't use internal records.

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While some that have you blacklisted -- such as AmEx and CrapOne -- generally do not pull your credit report when they intend to shoot you down because of their internal records, others -- such as HSBC -- will pull your credit reports and then deny you over criteria not based on your credit report.

[laz98]

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@Anonymous wrote:

While some that have you blacklisted -- such as AmEx and CrapOne -- generally do not pull your credit report when they intend to shoot you down because of their internal records, others -- such as HSBC -- will pull your credit reports and then deny you over criteria not based on your credit report.

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that's retarded!  why the **** are they pulling your reports then!  seems like a waste of their time!

[jefftca925]

I just logged into my GEMB/Gap VISA account and noticed they gave me a $50 CLI!  So my limit went from $2000 to $2050.  Are you serious???  What was the point of it?  I don't really understand GE.   It's why I don't use the card much except when I shop at one of the Gap affiliated stores... and I don't spend a lot even then.

[Anonymous]

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@laz98 wrote:

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@Anonymous wrote:

While some that have you blacklisted -- such as AmEx and CrapOne -- generally do not pull your credit report when they intend to shoot you down because of their internal records, others -- such as HSBC -- will pull your credit reports and then deny you over criteria not based on your credit report.

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that's retarded!  why the **** are they pulling your reports then!  seems like a waste of their time!

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I couldn't agree more!  It is retarded.

I can only guess that their approval process is set up to check their internal records only after they've pulled your credit report.