topic Re: approved& denied in Credit Card Approvals

approved& denied

dabolts_619 — Thu, 21 Feb 2013 07:04:20 GMT

just closed on my first home, applied nfcu instant approval 7000 cl. denied discover it, got the wait 3-5
day message

Re: approved& denied

09Lexie — Thu, 21 Feb 2013 07:06:02 GMT

Congrats on the home and NFCU. Did you try to recon Discover?

Re: approved& denied

dabolts_619 — Thu, 21 Feb 2013 07:09:57 GMT

no just applied 10 minutes before posting. how do I recon without the letter.

Re: approved& denied

dabolts_619 — Thu, 21 Feb 2013 07:10:43 GMT

also all scores are in the 650 range from letter pull a month ago

Re: approved& denied

Anonymous — Thu, 21 Feb 2013 07:13:12 GMT

Call the backdoor number tomorrow once underwriting is open.

Re: approved& denied

09Lexie — Thu, 21 Feb 2013 07:15:06 GMT

Call tomorrow- they might be closed now. Check the sticky for the backdoor number and ask to speak to a CredIt Analyst. Definitely let them know about the new mortgage- maybe it was a denial due to too many inq's or something you can explain.

Good luck.

Re: approved& denied

dabolts_619 — Thu, 21 Feb 2013 07:47:18 GMT

thanks. I will do that tomorrow I think I have 15 inq on each report all mortgage(short sale)

Re: approved& denied

Anonymous — Thu, 21 Feb 2013 07:59:41 GMT

Mortgage inquiries within any rolling 45 day period count as a single inquiry for score calculation. They'll all still show up individually, but lenders are well acquainted with the flood of inquiries that a mortgage app produces. They won't hold it against you.

Re: approved& denied

dabolts_619 — Thu, 21 Feb 2013 08:10:58 GMT

I do have a 7 year old charge off, and a collection account that should of fell of my report, and lates on an auto loan about three years ago

Re: approved& denied

Anonymous — Thu, 21 Feb 2013 08:30:57 GMT

Dispute the charge off and the collection if they are legitimately older than 7 years. Odds are they will go *pouf*

Re: approved& denied

dabolts_619 — Thu, 21 Feb 2013 09:30:48 GMT

they are, I checked annual credit report. what do I dispute??

Re: approved& denied

dabolts_619 — Thu, 21 Feb 2013 09:42:17 GMT

also I put current address instead of the address to the home I just purchased should I call and update address???

Re: approved& denied

codimom — Thu, 21 Feb 2013 16:03:47 GMT

^^ this may be an issue on why Discover said no. They may need to verify your address. I agree with calling once the office opens.

Re: approved& denied

dabolts_619 — Fri, 22 Feb 2013 01:14:02 GMT

I called and was told I was denied because of charge off(1 pif and another open charge off) and late in auto loan

Re: approved& denied

dabolts_619 — Fri, 22 Feb 2013 09:39:03 GMT

also when I logged into my nfcu it says visa signature cash rewards, but that's not what I applied for. does anybody have any suggestions on what cards I should I apply for(rewards card) scores should still be in 650 range mortgage and nfcu probably won't start reporting for a while.