topic Re: Denied all in mini-app spree in Credit Card Applications

Denied all in mini-app spree

gsxraddict — Thu, 04 Jan 2018 07:44:17 GMT

I made a post about it but I think I accidently deleted it when I was editing it.

729 EQ 750 TU 746 EX

1 30 day late back in 2/15 and 1 $68 medical collection on EQ are my only baddies

AAOA 5.8 years

13% util with 4 open cards.

118k income

I was declined Chase Amazon and Chase Freedom, I called to check my application status and the guy said why I was declined and I told him that's not right, he forwarded me to Recon.

Recon looked and said the denial reason isn't right, put me on hold and said he completed both applications and I need to be forwarded to verification, verification verified me then said it would be 7-10 days when I receive further word about my applications.

I'm not sure why I couldn't get an aswer as to approval.

I also applied for a Cap 1 Venture 1 and was put under a 30 day decision.

I don't know what's going on here, I spent 1k on Amazon of Christmas gifts and wanted the cashback and gift card but that didn't pan out because my approval will be after Christmas.

I have good credit finally and can't seem to get a good credit card.

Updated Page 4

nothing is going right

gsxraddict — Wed, 20 Dec 2017 02:51:13 GMT

I applied for Chase Amazon got a 7-10 message.
I applied Chase Freedom got a 7-10 day message.
I applied to Cap1 Venture One - unfortunately can't approve request, allow 30 days for review.

729 EQ 750 TU 746 EX
AAOA - 5.8 years
Util 13%

Income 117,000

Only baddy is a 3 year old 30 day late and one medical collection on my equifax for $68

I worked very hard to bring my credit back from a 505 to what it is now and still can't get a good card other than NFCU.

I have a crap one platinum that's 5 years old, never late and a slate 2.5 years old, never late

Re: nothing is going right

Sandman771 — Tue, 19 Dec 2017 20:58:39 GMT

Are you cold-apping? or are you goign through pre-qual pages? I'd certainly check on Amex and BOA and some other places as well as Disco.

Re: nothing is going right

gsxraddict — Tue, 19 Dec 2017 21:00:52 GMT

Prequalified on every site and got no offers.

Re: nothing is going right

Anonymous — Tue, 19 Dec 2017 21:02:23 GMT

Did you ever opt-out and forget to opt back in?

How recent is that derogatory status date?

Re: nothing is going right

gsxraddict — Tue, 19 Dec 2017 21:09:01 GMT

JAN 2015

@Anonymous wrote:
Did you ever opt-out and forget to opt back in?

How recent is that derogatory status date?

Re: Denied all in mini-app spree

kilroy8 — Tue, 19 Dec 2017 22:49:31 GMT

Yeah, this doesn't pass the smell test. I am assuming you have looked at your real credit reports for some sort of fraud flag or beacon? You are a shoo in for all those cards based on what you have said.

Re: Denied all in mini-app spree

Anonymous — Tue, 19 Dec 2017 22:53:17 GMT

How old is the medical collection?

Re: Denied all in mini-app spree

UncleB — Tue, 19 Dec 2017 23:18:29 GMT

Hi @gsxraddict, I've merged your two similar threads into one.

If you have trouble with a post disappearing again you can reach out to any moderator or post over on the technical help board and we can restore it.

--UB

Re: Denied all in mini-app spree

Anonymous — Wed, 20 Dec 2017 00:35:26 GMT

Perhaps I’m missing something, but none of these responses are flat out denials. It reads like it’s still possible to receive a positive outcome.

Re: Denied all in mini-app spree

gsxraddict — Wed, 20 Dec 2017 02:56:13 GMT

@Anonymous wrote:
How old is the medical collection?

Oct 2015.

$68

it's only on my equifax report, it was disputed and removed from the other two.

Re: Denied all in mini-app spree

arkane — Wed, 20 Dec 2017 03:51:21 GMT

@gsxraddict wrote:
@Anonymous wrote:
How old is the medical collection?
Oct 2015.
$68

it's only on my equifax report, it was disputed and removed from the other two.

I'm flabbergasted that such an amount would actually get sent to collections. I mean surely the expenses incurred in trying to recoup that $68 would be far in excess of the amount owed?

That being said, I swear I saw a thread where one of the baddies was for a $15 or $25 medical collection, and I was just completely floored that anybody would be petty enough to send that amount to a collections agency. On the other hand, there's a part of me that goes "what?! how did that amount go to collections? You honestly telling me you don't have $15 or $25 to pay a bill"

Re: Denied all in mini-app spree

Anonymous — Wed, 20 Dec 2017 03:55:24 GMT

@arkane wrote:

That being said, I swear I saw a thread where one of the baddies was for a $15 or $25 medical collection, and I was just completely floored that anybody would be petty enough to send that amount to a collections agency. On the other hand, there's a part of me that goes "what?! how did that amount go to collections? You honestly telling me you don't have $15 or $25 to pay a bill"

Forever years ago I had a collection reported for $11 for a parking ticket of some kind. I sent the village a letter demanding a statement and they send me a balance due of $-11. I overpaid the parking ticket by $11. Then I moved and didn't update my license address so their letters never reached me that I owed them $-11. Then it went to collections. So I didn't bother to validate the debt with the CA, I just sent him an ITS and told him that upon lawsuit I would sell the $11 they owed me to a debt collector I knew.

Got a check for $11, and honest-to-goodness apology by the village who ticketed me and a quick deletion.

Really wanted to sue them in court, back then I had friends in the local press and they would have LOVED to cover that story. Ah, the good old days where computers were "new" and negative values were considered positive ones.

So, yes, $11 collections can get reported. I once had a dentist threaten to send me to collections over a $20 invoice that I paid cash for in the office, too. $20!

Re: Denied all in mini-app spree

arkane — Wed, 20 Dec 2017 04:12:06 GMT

Absolutely insane.

Re: Denied all in mini-app spree

Anonymous — Wed, 20 Dec 2017 04:52:11 GMT

I can’t see how a $68 medical collection would prevent an approval in this case. There are plenty of data points of approvals with significantly higher medical collections reporting. But I’m with the majority here. It’s absurd that that’s in collections and even more absurd that $11 was worth the effort.

Re: Denied all in mini-app spree

gsxraddict — Wed, 20 Dec 2017 05:19:03 GMT

Well some good news.

Chase and Cap 1 killed my Ex and EQ reports with inquries but only hit TU once so I figured I could afford another inquiry on TU and NFCU normally pulls TU.

I applied and was instant approved for $15,000 cash rewards.

Re: Denied all in mini-app spree

gsxraddict — Wed, 20 Dec 2017 07:54:34 GMT

Just got a Discover IT for $5500. My first discover ever.

*edit called recon and they increased the limit to $7,000

Re: Denied all in mini-app spree

AverageJoesCredit — Wed, 20 Dec 2017 11:48:44 GMT

Your problem is in your original post you claimed 118k income whereas in your second post you claimed 117k!. Thats a huge discrepancy especially with a bank like Chase where the 1k helps pad their executives coffee cofer

But seriosly, good scoring on Disco and Navy. Thise others may not have been instant but they arent denials either. In this day and age of fraud, some banks actually want to verify applicants which in a way isnt bad. I too find it ridiculous that $68 can be allowed to go to collection and affect ones credit so badly. But you will have the pick of the litter soon enough with your stats. Best of luck

Ps... next time just put 117.5k and all will end well

Re: Denied all in mini-app spree

Anonymous — Wed, 20 Dec 2017 14:12:19 GMT

Maybe the OP was > 5/24 on the Chase apps?

Also as a side note, a collection is a collection with respect to FICO scoring. Whether we agree with it or not, dollar amounts don't really matter.

Re: Denied all in mini-app spree

Anonymous — Wed, 20 Dec 2017 14:24:27 GMT

@Anonymous wrote:
Maybe the OP was > 5/24 on the Chase apps?

Also as a side note, a collection is a collection with respect to FICO scoring. Whether we agree with it or not, dollar amounts don't really matter.

To be honest, I personally do have a problem with collections reporting at all. I know that creditor contracts we all agree to stipulate that we agree that a creditor can assign a collection agency to collect on a debt. For me, I think the proper result would be a single original tradeline with a chargeoff status and a remark saying "assigned to outside agency" and that's that.

I take a big issue with a JDB buying a debt without proof of it and being able to report on one's credit report. I know the law mandates the Dunning notice, but we all know how likely that is. To me, a credit report is practically a public record that has a little bit of security keeping the private from googling your report, but in reality with all the hacks and data mining it's not that private.

I also take a big issue with people who never extended credit selling invoices owed to collection agencies for reporting. Medical clinics? Lol, please. Someone needs to write a website like Yelp that reports on medical providers who ruin credit reports so we can run them out of town with pitchforks and torches. "Oh, you work for Doctor Lucifer? Sorry, can't be friends with you, I saw his CA Score!"