Kicking Myself

[ktm214]

Knowing I shouldn't have, I apped for the Wal Mart card. Got the 7 to 10 day message. Are they (GECRB) good with recons? Thank You

[RTOrockstar]

No, but I've read of a few ppl who got the 7-10 message and did eventually get approved. Usually it's because of ID verification. 

[tirado126]

I'm kicking myself too - after getting approved for VS card using the "shopping cart trick," I thought I should go ahead and risk the HP by applying to Walmart then got the 7-10 day message (did this last week).

I ended up calling them hoping it was a verification issue, but it wasn't. I just got their letter yesterday stating the reason(s) I wasn't approved, which includes

1. Too little revolving accounts (I have 3, not sure how many they want),

2. accounts in collections (they are paid, but I guess just the fact they are there is a negative)

3. # of months since a 30 day past due showing on report is too low and

4. # of months credit account in collections is too low

What i'm really upset about is, right before I applied I did the "optout screen option for 5 years" I was hearing about that gives you a 10-12 pt bump in score and sure enough, I got a 10pt bump in EQ, a 11pt bump in EX and would have gotten a bump in TU if I didn't do this HP for Walmart, so the score actually stayed the same after the HP appeared. Learned my lesson...

[ktm214]

Yeah, I just got off the phone with them. They wouldn't budge.

[DaBears]

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@tirado126 wrote:

I'm kicking myself too - after getting approved for VS card using the "shopping cart trick," I thought I should go ahead and risk the HP by applying to Walmart then got the 7-10 day message (did this last week).

I ended up calling them hoping it was a verification issue, but it wasn't. I just got their letter yesterday stating the reason(s) I wasn't approved, which includes

1. Too little revolving accounts (I have 3, not sure how many they want),

2. accounts in collections (they are paid, but I guess just the fact they are there is a negative)Paid or unpaid, Fico still sees it as a collection, Try sending gw letters to have them removed.

3. # of months since a 30 day past due showing on report is too low and

4. # of months credit account in collections is too low

What i'm really upset about is, right before I applied I did the "optout screen option for 5 years" I was hearing about that gives you a 10-12 pt bump in score and sure enough, I got a 10pt bump in EQ, a 11pt bump in EX and would have gotten a bump in TU if I didn't do this HP for Walmart, so the score actually stayed the same after the HP appeared. Learned my lesson...

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