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duck car declined...with 730ish score

Senior Contributor

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!

Message 31 of 38
Valued Member

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
Message 32 of 38
Valued Member

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
Message 33 of 38
Senior Contributor

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

Ooopsie
Message 34 of 38
Established Contributor

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
Message 35 of 38
Moderator

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


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 (TU08, 9/2013) | Current: 791 (TU08, 10/26/17)
Sam's Club MC $25000 | Marvel MC $25000 | Macy's AMEX $25000 | AMEX BCE $20400 | Discover IT $20000 | Macy's Store $20000 | Cap 1 QS WMC $17250 | BoA BBR #1 $17200 | JCP $15000 | Citi DC $12600 | Freedom VS $12000 | BofA BBR #2 $11800 | Disney VS $11500 | Care Credit MC $11200 | Cash+ VS $10500 | CashForward WMC $10000 | Barclay Rewards WMC $10000 | WCU Visa $10000 | Amazon Store $8000 | Blispay $7500 | Sony Card $4250 | Target MC $4000 | Costco Anywhere $3200 | ~~Gardening Since 11/2/17
Message 36 of 38
Valued Member

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
Message 37 of 38
Highlighted
Valued Contributor

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 |

Message 38 of 38