topic Re: HEALTHY CREDIT in Credit Card Applications

HEALTHY CREDIT

Anonymous — Mon, 26 Dec 2016 04:39:28 GMT

Back in 6/15 my credit score was 514, NO CARDS, .....got a CAP1 w/300...been very responsible, today I have 2300 on 1st cap1..2250 on 2nd cap1...Discover1500...Barclay1500...Chase freedom1000...Amex everyday blue cash 500...Amex prefered blue cash 6000...Kohls 700..Credit 1 700...wayfair..2800....Overstock 4800....Sportsman guide visa 3500....My EX is 739...EQ...666....TU 687....Applied for Delta Sky miles last night and got a message, "We need to talk to you for INSTANT decision" Bummer as they are CLOSED FOR HOLIDAYS...BUT NOT DECLINED. I want the Merril Lynch + visa....any thoughts on how to proceed

Re: HEALTHY CREDIT

austinguy907 — Mon, 26 Dec 2016 05:07:53 GMT

Stop applying and try for it in 2018. You've obtained a very large amount of accounts to the point where you may not get approved for the AMEX let alone anything else.

Re: HEALTHY CREDIT

Anonymous — Thu, 29 Dec 2016 11:16:34 GMT

Did you just recently applied for all these cards or did you just apply for the DSM ?

Re: HEALTHY CREDIT

Anonymous — Thu, 29 Dec 2016 11:45:59 GMT

These are cards I've been approved for since 6 of 15...

Re: HEALTHY CREDIT

Anonymous — Sat, 07 Jan 2017 14:08:04 GMT

AA is gonna get you if you don't start using restraint.

Re: HEALTHY CREDIT

elim — Sat, 07 Jan 2017 14:59:57 GMT

CAP1 2300
cap1 2250
Discover 1500
Barclay 1500
Chase freedom1000
Amex everyday blue cash 500
Amex prefered blue cash 6000
Kohls 700
Credit 1 700

wayfair 2800
Overstock 4800
Sportsman guide visa 3500

many of us here with that many accounts in 1.5 years. You should be good to go if the inquiries/accounts were spread out over time (and you haven't app'd in a few months).

Re: HEALTHY CREDIT

Anonymous — Sat, 07 Jan 2017 16:42:42 GMT

@Anonymous wrote:
AA is gonna get you if you don't start using restraint.

That happened yesterday w/comenity. Closed 8 accounts, some not listed above.

Re: HEALTHY CREDIT

Anonymous — Sat, 07 Jan 2017 16:50:59 GMT

YUP..Justagirl73............some store cards too. after some reasearch, its a regular behavior by comenity....it is what it is. It cost me some time, HP'S and maybe some score drop to learn they arent for me...

Re: HEALTHY CREDIT

Anonymous — Sat, 07 Jan 2017 17:12:10 GMT

I think the biggest lesson to be learned is WHY it happened to avoid in the future.

Realistically, if you only had 1-2 accounts with them, they would probably still be open.

This was not a lender issue, it was a behavior issue. JMO

Re: HEALTHY CREDIT

Anonymous — Sat, 07 Jan 2017 17:28:35 GMT

Yes, a behavior issue for sure...wats bewildering is they have done this too folks with cards that have been open for some time, ppl with great credit, perfect history with them....then ya have others that in a short time get cards via SCT...5,6,7,8.....and they don't bother them...I have 4 cards with AMEX....all with in 45 days, they arent closing them...they are increasing my limits...Cap 1...2 opened in a week....not closing, increasing limits....etc...I ve dealt with lots of credit card companies....Comenity is a differnt kinda duck....If it were MY behavior, seems to me ALL the CC companies would be treating me the same....Yeah, I played a part, but haven't done anything unethical or fraudulent....lesson learned is this.....REASEARCH FIRST

Re: HEALTHY CREDIT

Anonymous — Sat, 07 Jan 2017 17:36:55 GMT

You have good cards.....just build what you have.

Re: HEALTHY CREDIT

joltdude — Tue, 10 Jan 2017 01:09:02 GMT

Sometime ago, Comenty Bank/capital used to be known as World Financial Bank or some variant thereof.. they actually got in trouble...for intentionally closing what youd think would be reliable customers accounts due to the lack of profitability on these accounts..

The reason they go after folks who have stable history is they aren't that profitable.... theres skipping out and defaulting deadbeats but folks who pay in full and dont leave a balance are also considered deadbeats by some banks.. esp ones with high interest rates who PIF and dont leave a balance..

You were triggered by opening a few too many tradelines for your credit history in a short time.. they were possibly afraid of something called bust-out fraud....

Slow down, and let time and payments help you grow your credit..... To be honest, your probably better off without Comenty......

-J

Re: HEALTHY CREDIT

Anonymous — Thu, 12 Jan 2017 09:27:21 GMT

@Anonymous wrote:
Yes, a behavior issue for sure...wats bewildering is they have done this too folks with cards that have been open for some time, ppl with great credit, perfect history with them....then ya have others that in a short time get cards via SCT...5,6,7,8.....and they don't bother them...I have 4 cards with AMEX....all with in 45 days, they arent closing them...they are increasing my limits...Cap 1...2 opened in a week....not closing, increasing limits....etc...I ve dealt with lots of credit card companies....Comenity is a differnt kinda duck....If it were MY behavior, seems to me ALL the CC companies would be treating me the same....Yeah, I played a part, but haven't done anything unethical or fraudulent....lesson learned is this.....REASEARCH FIRST

I agree 100% with the bolded section. It's always a good idea to research cards before you apply for them.

Re: HEALTHY CREDIT

joltdude — Thu, 12 Jan 2017 15:59:10 GMT

@beautifulblaquepearl wrote:
@Anonymous wrote:
Yes, a behavior issue for sure...wats bewildering is they have done this too folks with cards that have been open for some time, ppl with great credit, perfect history with them....then ya have others that in a short time get cards via SCT...5,6,7,8.....and they don't bother them...I have 4 cards with AMEX....all with in 45 days, they arent closing them...they are increasing my limits...Cap 1...2 opened in a week....not closing, increasing limits....etc...I ve dealt with lots of credit card companies....Comenity is a differnt kinda duck....If it were MY behavior, seems to me ALL the CC companies would be treating me the same....Yeah, I played a part, but haven't done anything unethical or fraudulent....lesson learned is this.....REASEARCH FIRST
I agree 100% with the bolded section. It's always a good idea to research cards before you apply for them.

You dont get it do you? Different companies have different criteria.. what one may think is a perfectly fine customer by one, might be a possible BK for another... You forget its not just your credit score that is used for these decisions... Also due to the CARD act... Universal default is off the table, but that doesn't mean they cant use their own scoring to say. Hey we think theres an escalating risk we don't want to take.... Yes Comenity is a different duck.. but your behavior is known to make them skittish... Other card companies arent scared off quite so easily but they could be... different standards and different target audiences... Your not taking accountability for your actions the more you keep saying its not your fault... has nothing to do with ethics or fraud.. its the card issuers evaluating your RISK... and they think your RISKY... nothing more...and probably NOT PROFITABLE........ hence why you are given the boot... regardless of other card companies.... its their court and ball.... doesn't stop you from going elsewhere... but they set the rules and standards for their customers and they made it clear.. they dont want you...

-J