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duck car declined...with 730ish score

Valued Member

duck car declined...with 730ish score


I applied last week and i did my address and 2 tradelines verification with them last week as well. I called in today to check my app status, she said I was declined due to the following reason :

1.Too many inquiries in last 12 months.
I have only 4 inquiries in a year, with 2 inquiries almost hit 1 year mark, is 4 considered too many? I really don't think so.

2. High balance on account.
This is the funniest part, my balance is 66 in total. Yes, sixty six dollar, no typo. My total credit was 8000.

They messed up my app with other person?

Is there any phone line for recon? Hopefully someone knows coz I know most people get approved so far. My score is 730ish


After years of spending cash, I wanna build some credit
Message 1 of 38
37 REPLIES
New Contributor

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

wow. with what you listed, i dont even see why you didnt get the card. i would definately try a recon. i too got denied, but when i called and asked if she could reconsider, she sounded like she didnt even know what i was talking about LOL. im gonna try again when the denial letter gets in,
NFCU Cash #1: 15000, NFCU Cash #2: 15000, USAA Plat: 10000, USAA AMEX: 10000, Local CU #1: 7500, Chase Hyatt: 5000, NASA FCU: 5000, SDFCU: 5000, FNBO: 5000, Militarystar: 4700, Chase Militarystar: 4700, Local CU #2: 3000, Chase Ink Classic: 3000 Zales: 2700 Discover IT: 1500, GE Amazon: 1400, GE Walmart: 1400, Target: 500, GE Dillards: 300
NFCU LOC: 15000, Local CU LOC: 3000
Message 2 of 38
Valued Member

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

The reasons seriously make no sense to me.

My only disadvantage is aaoa, 10 months. But she didn't said that.
After years of spending cash, I wanna build some credit
Message 3 of 38
Senior Contributor

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

I don't assume that they go by score alone.  Other factors would likely come into play with OCCU, even as lenient as CUs come.  Just because it seems everyone is getting some bread from the bread line doen't mean all will.

Message 4 of 38
New Contributor

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

i unfortunately agree with that lol. there is the number(s) listed in the duck profile thread. i would just give them a call.
NFCU Cash #1: 15000, NFCU Cash #2: 15000, USAA Plat: 10000, USAA AMEX: 10000, Local CU #1: 7500, Chase Hyatt: 5000, NASA FCU: 5000, SDFCU: 5000, FNBO: 5000, Militarystar: 4700, Chase Militarystar: 4700, Local CU #2: 3000, Chase Ink Classic: 3000 Zales: 2700 Discover IT: 1500, GE Amazon: 1400, GE Walmart: 1400, Target: 500, GE Dillards: 300
NFCU LOC: 15000, Local CU LOC: 3000
Message 5 of 38
Moderator

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

OP any negatives, BK, CO etc... on your report?
Message 6 of 38
Valued Contributor

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

Dont take the high balance reason to serious.

Everytime chase denied my for the CSP i always got that same reason. My total balance was like 130 something. 

 

Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Message 7 of 38
Regular Contributor

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

Maybe after word getting out on their generous CLs, too many (random/non-affiliated) people app'd and they felt they were getting stretched too thin, and are tightening up their approval rate or criteria?

 

I don't know if anyone else here is familiar with "SD effect" (named after a massively popular deal-sharing site's acronym and the subsequent effect that such a large exposure of a good deal generally tends to kill its lifespan)... maybe we're seeing the "myfico effect?"

xD

Message 8 of 38
Valued Contributor

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


Jchuthemyth wrote:
The reasons seriously make no sense to me.

My only disadvantage is aaoa, 10 months. But she didn't said that.

You don't list how long your history is, but 10 mos AAoA is kind of short. You also don't list what other accounts you have, and how long they have been opened. I would'nt think you would get approved/denied on score alone, which is why some people with a longer history and a lower score got approved (albeit with lower limits).  Unfortunately, I don't think the denial reasons given by CSR's are always accurate - or the only reasons for denial. Wait for the letter. Usually, at most banks/CU's the front line CSR's can't even tell you why you were denied, they will tell you to call back after you receive the letter.

 

 

 

 


CC's: AMEX (4), Alliant Visa, PenFed AMEX, Pen Fed Promise, Citi (3), Chase (5), US Bank Cash+, Huntington Voice, UMB Visa, Nasa Plat Cash Visa, Barclay's Visa, Discover IT, Cap One QS, BOA (2), BMW Visa, 5/3 Real Life Rewards MC; FNBO Amex; Comenity Visa/MC (4), Ebates Visa Siggy, Nordstrom Visa, Walmart MC, Sam's Club MC; A few assorted store cards.

Current Scores (09/2017): EQ My Fico: 801; TU MyFico: 799; EX (My Fico): 797
Message 9 of 38
Regular Contributor

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

xerostatus

 

I totally agree with you. +1. And folks who already got huge CL are about to be CLD or account closures, hmmm

Message 10 of 38