Posts: 43
Registered: ‎09-10-2012

Low 700s and I can't get credit?!?!

Hi everyone!  I'm a bit perplexed here. My credit reports from all three bureaus fall between 716-725.  I discovered this in September of this year when I decided to start being more aware of my credit.  


My initial reaction to this was complete surprise.  I went through bankruptcy in 2006, I have an unpaid collection I've been carrying since 2007, and a public record (small claims court judgement) from 2009.  How the heck is my credit in the 700s at all? It's hard to believe.


Furthermore, in September, armed with this new knowledge that my credit score is much higher than I expected, I called and applied for a credit increase on my Chase card that has a limit of $1,700.  I was rejected... **bleep**?!?!?


If my credit score is truly in the 700s, why was I rejected for a limit increase? I've paid my bills ontime for years. Now I'm left truly wondering if my reports are accurately depicting my real credit score. I'd love to apply (and receive) a card that would provide me the ability to earn miles, points, cash back, etc. but now I'm worried about pinging my credit and getting rejected.


Any help/insight is much appreciated.



Posts: 12,875
Registered: ‎04-15-2011

Re: Low 700s and I can't get credit?!?!

I guess the obvious question is "Where did you get that score from"?  There are a ton of FAKOs out there, and they can be over 200 points off your actual FICO score.

Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Posts: 43
Registered: ‎09-10-2012

Re: Low 700s and I can't get credit?!?!

I purchased my credit reports from this site (myfico...see attached).  


I purchased my Experian credit report at which I believe to be a true FICO score?


My CreditKarma TransUnion score is 665 (see attached) and I understand this is my "FAKO" score.


Long story short, I know I've got legit credit reports and that's why I'm really confused.

Posts: 8,161
Registered: ‎12-30-2011

Re: Low 700s and I can't get credit?!?!

[ Edited ]

The Experian score you received is a FAKO, they don't sell their FICO scores at all anymore, unfortunately.


Scores are only one part of the equation; as you posted (like me) you have some sins from the past: those sometimes can affect underwriting far more than the FICO scores, which sounds like it's happening in your case.   A BK 6ish years ago isn't trivial in the eyes of underwriters, whereas a 700-725 FICO while solid, isn't top tier and most people can get to that point after 5ish years of good history if not sooner almost regardless of what their past issues were.


Also income and possibly other things (length of employment history, etc) may come into play when it comes to gaining an approval, but the bankruptcy is quite likely the issue in your case.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 703, TU 708, EX 702* (05/30/14, EX older)
Goal Score: 700 in all three (01/01/15)

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Posts: 43
Registered: ‎09-10-2012

Re: Low 700s and I can't get credit?!?!

Thanks Revelate. Unfortunately, it doesn't seem like there's anything I can do about it then except to wait :-(

Valued Contributor
Posts: 1,216
Registered: ‎05-10-2012

Re: Low 700s and I can't get credit?!?!

Obviously the BK bears quite a bit of weight, but I'm wondering what your Utilization situation is, especially on that Chase card.

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
Chase Freedom $5000
DCU Visa $10000
Capital One QS $2000
AMEX BCE $1000
Lowe's CC $8500
WalMart CC $2400
BOA Platinum $600
Valued Contributor
Posts: 1,093
Registered: ‎02-15-2012

Re: Low 700s and I can't get credit?!?!

Chase may be the issue As well. Other lenders may be will to give you a CLI. Chase can be quirky with the Freedom and Slate cards. Usually a hard pull, and not reliably an increase. sometimes they use the Vantage scores, sometimes FICO. 

Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: 748 TU(12/12), 783 TU98 , 813 TU08 FICO, 744 EQ FICO , 735 EX(9/12), 794 EX08 FICO, 809 EX08 bankcard FICO
Goal Score: 750+, but shooting for the 800's
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