09-19-2010 12:52 PM
I was denied the USAA Amex and the reason was previoud delequincies, but the thing is all off my previous collection accounts have been paid, theyre all about 5yr old, I have a secured card with USAA and Cap1 for the past year so I was thinking and seeing if a recon would work. Does anyone have any experience with USAA recon? If it helps im a full member with chk,sav,auto ins, home ins and secured card with them already. Thanks!
09-19-2010 01:30 PM
Hey credit addict, thanks for the info. I was toying around with a letter that expains the situation, is that basicaly all I would have to do for a recon, or is there a special department/number I need to contact. I was just going to send a message via the site something like whts below.
I am writing requesting reconsideration of the denial of my recent USAA American Express credit card application.
It appears I was denied after my Equifax report was pulled. While the letter I received did not include specific reasons as to why I was denied, I would still like to go over the potentially negative information on my report.
I do have high credit inquiries at this time. Most of these are due to an auto lender shopping me around without my permission after I checked around to finance a vehicle, but as it turned out the dealer had my credit pulled with just about every finance they work with (causing the multiple inquiries).
I have zero utilization currently on my credit report. I am very big on paying at least 75% of my card every cycle, if not the whole balance.
There are derogatory item’s on my Equifax report from back in 2004, but if you notice they are paid and at a zero balance. I’m just waiting for them to fall off at the 7-year mark. I also do have a reposition on a vehicle that I co-signed for a cousin but it has been settled and part of the agreement after final pay off was the trade line will be remove. I do have supporting document’s saying they will remove it; I’m just waiting for the credit reporting agencies to reflect it. I have disputed this with all three credit bureaus. I expect my report’s to reflect these changes within 30 days. I can provide copies of the pay off letter from Wachovia/Wells Fargo dealer services for proof.
I kindly ask for reconsideration of my application. With regards to the few satisfactory credit accounts recorded on my credit report, I have within the past year worked very hard towards building positive credit trade lines. Throughout my work towards it, I made timely payments to all creditors including USAA on my secured MasterCard account and my Capital One MasterCard account. Since then, I have kept up with all creditors and all accounts are current as I live up to my agreements. I strive and have worked numerous hard hours to improve my credit. And when I started 2 years ago I have attended finance rebuilding classes being Active Army, to get on top of finances and learn to properly work on them. Being 30 now I realized close to 5 years ago when I started working on my credit how important it is to have my report cleaned up, paid on time and current. I will not disappoint.
On my existing accounts, I currently carry no balance and credit limits, make on-time payments and now I would like to advance my relationship with USAA. I have had my USAA secured MasterCard for 11 months now, and it has helped improve my credit greatly!
In light of my few satisfactory credit references on my report, I would like to kindly ask that USAA would reconsider my application for the American Express card or at the least the Active Duty Master Card. On my accounts, I have always made on-time payments and paid at least 75% of my balance, if not in full every month. I have always taken care of USAA with my pre-existing accounts (from checking to savings, and the best my insurance) as I will continue to do with a new line of credit.
I appreciate you taking the time to reconsider my application. I hope my explanation clears things up so I can be another proud USAA American Express card holder and customer. I look forward to a favorable response from USAA. If you have further questions, please contact me by cell (xxx) xxx-xxxx, or by email at email@example.com
09-19-2010 05:43 PM
you can call USAA and ask to speak to underwriting and talk to them directly to have them review the credit while on the phone with you
That's the best way to go. Folks there are generally really nice. It doesn't mean they always will do what you ask, but at least they will explain their rationale and offer usefull suggestions.
10-15-2010 11:39 AM
OP: Did you get a response to your recon? What was the decision?
11-10-2010 08:57 AM
OP: Did you get a response to your recon? What was the decision?
I applied with USAA for the World Master Card over the phone and was denied (BK /04) So as I said thank you the rep said there was another offer; we'd like to offer you the 'Platinum Master Card' and we can do that with $1000.00 CL to start, and after 12mo's the card is auto reviewed and based on payment history you'd be moved to (with your permission) to the World Master Card with a much higher CL and rewards.
I said 'I'LL TAKE IT"! and she said great, it's an offer they don't make very much at all (since the secured program) so I was lucky to get it.. but I suspect it may have some to do with the fact that my ins, check, sav, mutual fund, are there as well (checked my USAA account on line and it's already showing!!)
So I'll take care of this card and add it to the (two Rewards) I have with NFCU and keep them rolling until early 2013 before moving to something VERY nice! (gotta get the house first)
on another note, I called NFCU today to ask for my Secured Card (CL $500) to go 'Unsecured' and the rep said they would have to do a whole other pull on me for a new card and if I like I could closed the SC and transfer points to the new one 'if approved' I said no I'll keep that TL open and see what happens with the new app I did today. (I just need more than $500 from them (which is my CL on the CashRewards) to get me where I'd like to be for the next 2 1/2 years.
I'll let you know what happens.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.