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Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009
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Re: What Gives GE


laz98 wrote:

 


gbishere wrote:

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


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

 


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

IAALBNYL
Regular Contributor
tunseeker1
Posts: 108
Registered: ‎04-06-2008
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Re: What Gives GE

 


O6 wrote:

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


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.

 

Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009
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Re: What Gives GE


tunseeker1 wrote:

 


O6 wrote:

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


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.

 


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.

IAALBNYL
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Creditaddict
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Re: What Gives GE

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

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laz98
Posts: 4,292
Registered: ‎09-06-2008
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Re: What Gives GE

 


tunseeker1 wrote:

O6 wrote:

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


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.


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.

 

Latest scores: Walmart TU: 766. MyFICO TU: ---. DCU EQ: 741. PSECU EX: 756.
Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009
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Re: What Gives GE


laz98 wrote:

 


tunseeker1 wrote:

O6 wrote:

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


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.


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.

 


 

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.

IAALBNYL
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laz98
Posts: 4,292
Registered: ‎09-06-2008
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Re: What Gives GE

 


O6 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.


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

 

Latest scores: Walmart TU: 766. MyFICO TU: ---. DCU EQ: 741. PSECU EX: 756.
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jefftca925
Posts: 686
Registered: ‎08-14-2008
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Re: What Gives GE

I just logged into my GEMB/Gap VISA account and noticed they gave me a $50 CLI! :smileysurprised: So my limit went from $2000 to $2050.  Are you serious???  What was the point of it?  I don't really understand GE.  :smileymad: 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.

CCs: Chase Freedom World MC 6.9k, CSP VISA Sg 7k, BofA Amex 12.5k, Discover 10.5k, US Bank Cash+ Visa Sg 12.5k, Macy's Amex 8k/1.5k, Gap Visa 10k, Best Buy 11.1k, Citi TY MC 10.8k, Citi AA Amex 6k, Nordstrom Visa Sg 10k, Amex Zync, Costco Amex 12k, BofA CR Visa Sg 17k, Amex BCP 9.5k, Amex Blue 5k, Sears MC 9k, HD 7k, Target 600, Amazon 7k, US Bank MC 15k, US Airways MC 4k, NFL Visa 4k, Patelco Visa 10k, Penfed PR Visa 44.6k, Chase United Visa Sg 13k, Chase Marriott Visa Sg 8k, Citi Simplicity 13.3k, PayPal MC 5k, Compass Visa 4k, WF Visa Sg 14k, FNBO Amex 14.1k, OCCU VISA 15k, TR Visa Sg 13.3k, Capital One QS Visa 11k, FRN MC 13.5k, HSN 4k, Saks WEMC 10k/4k, Chase Ink 18k, Barclay Arrival 10k, Ebates Visa Sg 8k FICOs as of June '14...EQ 808 TU 804 EX ?
Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009
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Re: What Gives GE


laz98 wrote:

 


O6 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.


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

 


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.

IAALBNYL

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