topic Re: [update] blispay backlogged??? in Credit Card Applications

[update] blispay backlogged???

Anonymous — Wed, 06 Jul 2016 23:55:51 GMT

update: finally got approved! got the email approval today, 7/6/16. 10k CL. thanks to all that contributed on this thread.

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i apped on the 15th and called immediatey as it wasn't an instant approval. called them 3 days ago and then again today and im being told the same - no decision yet. i know, i know, some lenders take a whole month to get a decision but this wasn't the case with blispay, at least when it first showed up here in MF. people were getting instant decisions. either a denial or an approval. the rare cases it went to pending were due to address issues or failing the phone verification.

perhaps they are backlogged right now?!? i made sure my credit profile was in top shape when i app - 797 Ex score, zero'ed all my balances except one, low inqs (1 in 6 mos, 3 in 12mos), no lates/baddies/derogs, perfect payments. it's baffling that i wasn't instantly approved. :/

oh well, i will keep you guys posted. if others are planning to app for a blispay card and get an instant decision, please be a doll and comment here. i'd like to see if they are really backlogged or if there is something in my profile that they don't like. tia!

Re: blispay backlogged???

Anonymous — Fri, 24 Jun 2016 17:35:02 GMT

I've got the same exact thing going on as you. I apped on the 21st, so obviously it hasn't been as long as you. I called the following day within the 5 day window to provide them with the verification info they needed. Was told in 2-3 days there would be an "update" for me. I called again to follow up yesterday, they told me to try back on Monday?

After reading through tons of Blispay threads on here, I never saw anyone receive anything other than an approval or denial following the verification of info call which I thought was odd. After reading your thread here though, it seems that this certainly wasn't an isolated incident.

It does make me feel a bit better as I apped with a 734 EX score and I thought that it was my score that was possibly too low that was holding my application back... but since you have a fantastic score and are experiencing the same thing I'm worried a little less about my score/profile now. I'll definitely follow this thread and see if anyone else chimes in that's experienced this in the last week or so. I'll be sure to report back in here if I get an update, which looks like may come several days to a week after you hear something...

Re: blispay backlogged???

Anonymous — Sat, 25 Jun 2016 08:30:15 GMT

Anyone else have an update on this?

Over in the CC forum someone started a Blispay thread where they received a DENIAL with an 816 pulled score. I must say I'm a bit disheartened by this and it certainly adds quite a bit of worry to my pending application situation.

I feel like if this person was denied with 816, there's got to be a major reason why outside of their profile such as they simply can't take more applicants at this time or can't keep up with demand... ran out of funding... I don't know, something. I do find it very odd that the OP in this thread and myself however with our scores in the 700's received a "sit tight and we'll let you know" response rather than a straight up denial like the person with the 816 score received immediately after applying.

Re: blispay backlogged???

Anonymous — Sat, 25 Jun 2016 10:43:00 GMT

Just guessing here, but I am thinking they are backlogged. Good luck!

Re: blispay backlogged???

CelticLady — Sat, 25 Jun 2016 16:09:42 GMT

@Anonymous wrote:
I've got the same exact thing going on as you. I apped on the 21st, so obviously it hasn't been as long as you. I called the following day within the 5 day window to provide them with the verification info they needed. Was told in 2-3 days there would be an "update" for me. I called again to follow up yesterday, they told me to try back on Monday?

After reading through tons of Blispay threads on here, I never saw anyone receive anything other than an approval or denial following the verification of info call which I thought was odd. After reading your thread here though, it seems that this certainly wasn't an isolated incident.

It does make me feel a bit better as I apped with a 734 EX score and I thought that it was my score that was possibly too low that was holding my application back... but since you have a fantastic score and are experiencing the same thing I'm worried a little less about my score/profile now. I'll definitely follow this thread and see if anyone else chimes in that's experienced this in the last week or so. I'll be sure to report back in here if I get an update, which looks like may come several days to a week after you hear something...

I had to do a call-in verification of the items on my credit report and then fax in address verification documents. I was then told they would get back to me with the result by mail. I waited several days and called again. The lady told me to wait 7-10 business days from when they received the faxed information and call back. I called on the 11th business day and another lady said it was still pending but initiated a follow-up to the department that was reviewing my information. She called me later that day to tell me I was approved.

Call back after 10 business days and ask them to do a follow-up if they don't offer to do one. My guess is a large backlog is why things are taking so long. They don't appear to have a big enough staff. Especially when you can only call monday through friday 9-5 est...

Re: blispay backlogged???

Anonymous — Sat, 25 Jun 2016 17:01:26 GMT

I applied last night with a 743 ex score, 6 new accounts in the past 6 months and 14 inquires. (I believe 8 of those were from my car loan at the dealer last month). Instant approval for $3k.

Re: blispay backlogged???

Anonymous — Sat, 25 Jun 2016 18:34:42 GMT

@Anonymous wrote:
I applied last night with a 743 ex score, 6 new accounts in the past 6 months and 14 inquires. (I believe 8 of those were from my car loan at the dealer last month). Instant approval for $3k.

Well, I guess this negates the theory that they aren't currently approving anyone. Congrats on the approval however! It does definitely leave me scratching my head, though, regarding my app as well as the other 2 that are currently in limbo...

Re: blispay backlogged???

Anonymous — Sat, 25 Jun 2016 18:39:30 GMT

@CelticLady wrote:
Call back after 10 business days and ask them to do a follow-up if they don't offer to do one. My guess is a large backlog is why things are taking so long. They don't appear to have a big enough staff. Especially when you can only call monday through friday 9-5 est...

I would definitely say that their staff is small. I've called 3 times on 3 different days and have always gotten the same person on the phone!

Re: blispay backlogged???

RonM21 — Sat, 25 Jun 2016 21:42:42 GMT

Seems like they would be backed up, but then again, seeing an.approval here. Who knows. On the post where BBS mentioned someone got a denial with an 816 score...that seems strange. I initially had interest in the card when it came out. But not so much for now.

Re: blispay backlogged???

Anonymous — Sun, 26 Jun 2016 03:59:48 GMT

I wonder if scores sometimes can be "too good" for a creditor... I mean, the big talk about Blispay is that most think it isn't sustainable and that they are going to end up losing money and going away. They're probably banking on people looking to use the 6 month financing but not paying it off in time and collecting interest from them. Perhaps people with scores that are "too good" are looked at as unprofitable as they may be more inclined to PIF and not pay a penny of interest ever? Who knows, I'm just trying to find some sort of reasoning here for something that clearly can't be reasoned. lol.

Re: blispay backlogged???

Anonymous — Sun, 26 Jun 2016 04:12:14 GMT

I applied today with a 714 EX, instant approval for $5k.

Re: blispay backlogged???

Anonymous — Sun, 26 Jun 2016 04:23:49 GMT

Kinda like an individual Burger King franchisee being told to sell the latest burger for $1 when it costs $1.10 to make? You have to sell it or you lose your franchise. You have a Buger King that has not been remodeled in 15 years and not much money in savings? Either upgrade to the new standard or lose your franchise. Why get into "the business" with bad business knowledge? I think Blispay will succeed.

Re: blispay backlogged???

Anonymous — Sun, 26 Jun 2016 12:10:15 GMT

@Anonymous wrote:
I applied today with a 714 EX, instant approval for $5k.

Another piece of data here that shows that Blispay is consistently inconsistent. Congrats on your approval in what seems to be a very odd time for Blispay.

So over the course of the last week or so from the data I've read on here, 6 people have posted that they've applied for Blispay and 3 of them received instant approvals while 3 others were sent to purgatory in the time out room, waiting in limbo day after day to hear whether or not they are approved or denied. All of the scores for both of these groups of 3 have been similar with the slight edge going to the ones that didn't receive instant approval.

Interesting that no one has reported an instant denial, however. I'm still trying to figure this whole situation out.

Re: blispay backlogged???

DonDraper — Sun, 26 Jun 2016 13:20:52 GMT

I apped on 6/16. My "Experian National Equivalency Score" from Credit.com (range 360-840) was 820. Don't know FICO, but EX Vantage 3.0 was 815. Safe to say FICO is pretty high. Clean reports, knocking on $200k in available credit, total util under 1% (about 300 bucks, actually). So obviously quite low. 4 total inquiries, only 2 in the past year; 2 new accounts in past year.

Got the "please call us within 5 days" message and called in. They asked the standard questions... current address and 2 creditors. No approval or denial, just "we'll let you know." Around a week later I got a snail mail letter, expecting it to be a denial. The letter said "we need to verify information, please call us." So I called again and the rep said that was just a paper version of the website message, and my app was still being reviewed.

So yeah, I've been in purgatory for 10 days now, despite what I thought to be a pretty solid profile.

Re: blispay backlogged???

Anonymous — Sun, 26 Jun 2016 13:33:56 GMT

@Anonymous wrote:
I wonder if scores sometimes can be "too good" for a creditor... I mean, the big talk about Blispay is that most think it isn't sustainable and that they are going to end up losing money and going away. They're probably banking on people looking to use the 6 month financing but not paying it off in time and collecting interest from them. Perhaps people with scores that are "too good" are looked at as unprofitable as they may be more inclined to PIF and not pay a penny of interest ever? Who knows, I'm just trying to find some sort of reasoning here for something that clearly can't be reasoned. lol.

^this! im starting to lean on this one.

cmon blispay! here i am waiting anxiously to charge $1600+ to carry for 6 mos. pfft!

Re: blispay backlogged???

Anonymous — Sun, 26 Jun 2016 21:07:16 GMT

@DonDraper wrote:
I apped on 6/16. My "Experian National Equivalency Score" from Credit.com (range 360-840) was 820. Don't know FICO, but EX Vantage 3.0 was 815. Safe to say FICO is pretty high. Clean reports, knocking on $200k in available credit, total util under 1% (about 300 bucks, actually). So obviously quite low. 4 total inquiries, only 2 in the past year; 2 new accounts in past year.

Got the "please call us within 5 days" message and called in. They asked the standard questions... current address and 2 creditors. No approval or denial, just "we'll let you know." Around a week later I got a snail mail letter, expecting it to be a denial. The letter said "we need to verify information, please call us." So I called again and the rep said that was just a paper version of the website message, and my app was still being reviewed.

So yeah, I've been in purgatory for 10 days now, despite what I thought to be a pretty solid profile.

Thanks for the insight. That puts the scoreboard at Purgatory 4, instant approvals 3.

Re: blispay backlogged???

DonDraper — Mon, 27 Jun 2016 13:24:22 GMT

I can;t even remember the last time I was denied for a card. I've been denied for CLIs because I don't utilize the credit I have. Guessing the same philosophy is at play here.

Re: blispay backlogged???

credit_endurance — Mon, 27 Jun 2016 15:16:44 GMT

Apped for blispay this morning and was approved instantlly for $5,000. My scores are around the low 700's. I know there is another thread discussing discrepencies in approvals. And scores lower than perfect getting through while 800 scores are either being flat out denied or needing more time for verfication. Very streange to say the least. Good Luck to everyone applying.

Re: blispay backlogged???

Anonymous — Mon, 27 Jun 2016 17:35:09 GMT

@credit_endurance wrote:
Apped for blispay this morning and was approved instantlly for $5,000. My scores are around the low 700's. I know there is another thread discussing discrepencies in approvals. And scores lower than perfect getting through while 800 scores are either being flat out denied or needing more time for verfication. Very streange to say the least. Good Luck to everyone applying.

Congrats on the approval, especially with about 50% of those applying seemingly not getting approvals (at least not instant).

The fact that people continue to report instant approvals seems to point to them not being backlogged at this time?

Re: blispay backlogged???

DonDraper — Mon, 27 Jun 2016 18:30:54 GMT

In that case, what is taking them THIS long to send us a denial email or letter?