Reply
Senior Contributor
Posts: 3,322
Registered: ‎05-05-2011
0

Re: duck car declined...with 730ish score


Jchuthemyth wrote:
I have 730ish fico. Clean history, no negative at all. 2 inquiries in jan, both credit application. 2 inquiries in oct, one for secured card guaduation and one for its cli.

I have thin file, this might be the reason.

I'm the lucky few to get denied...lol.. I will recon, but what's the point if they gave me 1-2k credit line after recon.

Your AAoa is under 1 yr and you have 2 inq in Oct, so they might be skittish that you're getting a lot of CR at once. Don't know. We have no idea what their criteria and algorithms are.

 

If you only have 2 CCs under 1 yr, that might not be enough history for them. All we can do is speculate. Since their approvals are manually done by an underwriter, I sincerely doubt a "recon" would do any good with them.

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Valued Member
Posts: 55
Registered: ‎10-12-2011
0

Re: duck car declined...with 730ish score

Oldest is 10 months...lol.

1. Us bank 4k secured
2. Boa 4k just unsecured, and cli to 12k.

And few more new approvals.. don't show on my cr yet. Probably my cr only show us bank 4k and boa 4k on the application.


After years of spending cash, I wanna build some credit
Valued Member
Posts: 55
Registered: ‎10-12-2011
0

Re: duck car declined...with 730ish score

OH NO... I just double checked my alerts, the boa unsecured and cli are on TU...not on eq. So, my eq basically have 2 inquiries in Jan, and one inquiry for duck card.

The 2 boa inquiries on TU may mess up my applications with ge and barclay, which I plan to apply tonight.
After years of spending cash, I wanna build some credit
Valued Contributor
Posts: 9,045
Registered: ‎10-21-2012
0

Re: duck car declined...with 730ish score

Ooopsie
Established Contributor
Posts: 505
Registered: ‎11-05-2012
0

Re: duck car declined...with 730ish score

Barclay card? i don't really know,people said they are inquiries sensitive,but i have 2x inquiries in 1 year,around 8 inquiries in 3 months.couple new account in 3 months, i still got instant approved from barclay

10/2012 Started with 588 EQ Fico score and 20+ CA and CO
1750$ total CL
10/2013 in 700 Club
Personal :Total CL 196K
Business : Total CL 200K
Business LOC : 1M
Garden From 10/13/2013
Moderator
Posts: 6,503
Registered: ‎08-12-2013
0

Re: duck car declined...with 730ish score

[ Edited ]

Jchuthemyth wrote:
Oldest is 10 months...lol.

1. Us bank 4k secured
2. Boa 4k just unsecured, and cli to 12k.

And few more new approvals.. don't show on my cr yet. Probably my cr only show us bank 4k and boa 4k on the application.



Is that reporting yet?

 

I could see why a manual UW might get a biit leery over two secured cards (assuming that's what they saw).  Maybe you should try again in a few months, if you're willing to take another HP at that point.  

 

(edited for typo)


Start: 619 (Wally, 9/2013) | Current: 735 (Wally, 7/6/15)
AMEX BCE $13500 | Care Credit $10200 | JCP $8000 | Overstock $5800 | Citi DC WMC $5000 | Discover IT $5000 | Walmart Store $5000 | Amazon Store $5000 | Cap 1 QS $4750 | AMEX Costco TE $3500 | Macy's AMEX $3500 | Sony Card $3250 | Macy's Special Events $2900 | Macy's Revolving $2500 | Sam's Club MC $2500 | CU Visa $2500 | Gold Violin $2050 | Paypal Credit $1740 | Target $1000 | ~~Gardening Since 6/5/15
Valued Member
Posts: 55
Registered: ‎10-12-2011
0

Re: duck car declined...with 730ish score

Will not apply again if I fail the recon.

I still have car loan to apply and few more cards for this app spree. At this moment, not so sure if I should apply for more credit cards since I dont really need credit now. I just got addicted to credit game.

But, if I put everything thru now, i will probably be golden after 6 months or a year.
After years of spending cash, I wanna build some credit
Highlighted
Valued Contributor
Posts: 1,066
Registered: ‎07-09-2013
0

Re: duck car declined...with 730ish score


bichonmom wrote:

Jchuthemyth wrote:
I have 730ish fico. Clean history, no negative at all. 2 inquiries in jan, both credit application. 2 inquiries in oct, one for secured card guaduation and one for its cli.

I have thin file, this might be the reason.

I'm the lucky few to get denied...lol.. I will recon, but what's the point if they gave me 1-2k credit line after recon.

Your AAoa is under 1 yr and you have 2 inq in Oct, so they might be skittish that you're getting a lot of CR at once. Don't know. We have no idea what their criteria and algorithms are.

 

If you only have 2 CCs under 1 yr, that might not be enough history for them. All we can do is speculate. Since their approvals are manually done by an underwriter, I sincerely doubt a "recon" would do any good with them.

 


Remember that your FICO is dangerously deceptive when you have a thin file. Substance in the file is much more important than the score alone. 


   3/12 $3500     6/12 $1200      10/12 $1500   12/12 $3400    6/13 $12000      7/13 $5000      7/13 $2500       8/13 $2000    8/13 $6000

  | CSP (AU) $12,000 | Amex PRG (AU) | United $6,000 | OCCU $12,000 | Ink Bold | GM $3,200 | DCU $7500 | Luthansa $9000 | SPG $6,000 | Citi AA Executive $11,000 | Ink Plus $5,000                                                                         | EX 2/7 697 | EQ 10/27 721 | TU 12/15 719 |

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.