topic Re: Cant get approved in Credit Card Applications

Cant get approved

Anonymous — Fri, 19 Oct 2018 03:33:09 GMT

Hello everyone! I hope whoever is reading this is having a great day. I have a problem and was wondering if anyone could offer me advice or a a bit of clarity.

I have been on a credit repair journey for an entire year. Started off in 500 and after disputing, writing letters, and staying ontop of my credit I am at around 733 across the board. So, this is what Ive been waiting for ( i can do an app spree)...now its time to get cards right? But I can not get approved for one single card only secured. I have a year of all ontime payments and I have one collection that I paid off and cant get deleted but other than that I have a clean slate. Why am I getting rejected by everyone and even loans? I even tried to get a sub par card to see if I was tripping...That even got rejected! Am I missing something? Please help. I have been searching for 2 months for this answer and still cant understand why? Is there someone on this board I can pay to look into my credit profile to help me solve this problem? I have had many things removed by disputing...is this still showing and is this why I am getting rejected by everything? I make a great living (over 6 figures a year) so income isnt a problem. Also I am in chex systems for overdrafts...is this why? Is my fraud alerts cauisng automatic rejections? So many questions with no answers. Please help.

-Jay

Re: Cant get approved

PointsBonus — Mon, 22 Oct 2018 04:17:05 GMT

I recommend this -
1. Apply for the AMEX GOLD CHARGE CARD - You do have to pay it in full every month.
2. If you are approved for the card within 15 min apply for the AMEX DELTA GOLD CREDIT CARD.

They will approve you for 1 charge and 1 Credir card on 1 hard pull . Then sit back and watch it bloom.

<Mod edit: We can't promote referrals on myFICO. --UB>

Can you tell I like American Express ?

Re: Cant get approved

Anonymous — Fri, 19 Oct 2018 03:49:07 GMT

@viper

Thanks for this. quick question, I have applied to 2 amex wihin last 2 weeks...both denied. Should I still apply for this charge card that you suggested?

Re: Cant get approved

Anonymous — Fri, 19 Oct 2018 05:05:17 GMT

Have you tried Discover? They like thin files I have heard.

Re: Cant get approved

CreditInspired — Fri, 19 Oct 2018 08:49:22 GMT

Ok, something is definitely going on, so let’s try to figure it out.

First, go to www.annualcreditreport.com and get your free credit report. Scan them with a fine tooth comb to ensure they’re accurate and nothing is on there that you forgot about or overlooked.

Second, STOP applying for credit. You’re in a domino effect of declines. Declines begat declines.

Third, how many inquiries do you have in the last 3 mos, 6 mos, 9 mos, 12 mos?

Fourth, what are your 3 scores? You say ~733, but your tagline says something different.

Fifth, how many accounts do you have and how many with balances?

Sixth, What is your year of on time payments — bank cards, store cards, installment loans? Are they minimum payments?

And finally, what is your UT across the board and for individual cards?

Re: Cant get approved

jdbkiang — Fri, 19 Oct 2018 09:08:55 GMT

@Anonymous wrote:
Hello everyone! I hope whoever is reading this is having a great day. I have a problem and was wondering if anyone could offer me advice or a a bit of clarity.
I have been on a credit repair journey for an entire year. Started off in 500 and after disputing, writing letters, and staying ontop of my credit I am at around 733 across the board. So, this is what Ive been waiting for ( i can do an app spree)...now its time to get cards right? But I can not get approved for one single card only secured. I have a year of all ontime payments and I have one collection that I paid off and cant get deleted but other than that I have a clean slate. Why am I getting rejected by everyone and even loans? I even tried to get a sub par card to see if I was tripping...That even got rejected! Am I missing something? Please help. I have been searching for 2 months for this answer and still cant understand why? Is there someone on this board I can pay to look into my credit profile to help me solve this problem? I have had many things removed by disputing...is this still showing and is this why I am getting rejected by everything? I make a great living (over 6 figures a year) so income isnt a problem. Also I am in chex systems for overdrafts...is this why? Is my fraud alerts cauisng automatic rejections? So many questions with no answers. Please help.
-Jay

You don't have to pay us, but if you feel comfortable, simply post a message with all relevant information such as your current credit score, any baddies, # of inquiries across the 3 bureaus, any loans, any currently open credit lines, CL, any other circumstances that could be related, and with as many dates for the above as possible. With the above, I'm sure we can figure out what's going on and get you up and going!

Re: Cant get approved

Anonymous — Fri, 19 Oct 2018 09:55:48 GMT

Thanks a million! Below is my report

Amex (AU) Bal $744 revovling

Cap One Fin $34,250 installment

Cap 1 $744 (%54 CU)

Navient $166 revolving

navient $90 revolving
Discover $84 ( 17 % CU)

MAJR FINANCIAL CORPORA	$0	$5,000	0%	Revolving	Current	Nov 1, 2017
ONEMAIN	$3,635	-	-	Installment	Current	Mar 1, 2018
SYNCB/CARE CREDIT	$0	$5,000	0%	Revolving	Current	Oct 1, 2018
TBOM/MILESTONE	$44	$300	15%	Revolving	Current	Sep 1, 2017

Re: Cant get approved

Anonymous — Fri, 19 Oct 2018 10:00:48 GMT

@creditinspired Thanks for help. My credit score has change since I did my signature. Im new here, not real savvy yet, so havent had chance to change it.

I have 10 inquiries now... 5 new ones just this month and only Credit Care was approved.

I havent paid one bill late in the last 12 months. Anything had that showed late prior has been disputed and erased.

I have one collection that I paid from LJ Ross that Im currently working with a lawfirm to remove. I have a charge off that has been paid as well from Fingerhut that I had 15 years ago, but they put sold it to another company 4 years ago.

Re: Cant get approved

jdbkiang — Fri, 19 Oct 2018 21:16:34 GMT

@Anonymous wrote:
@CreditInspired Thanks for help. My credit score has change since I did my signature. Im new here, not real savvy yet, so havent had chance to change it.
I have 10 inquiries now... 5 new ones just this month and only Credit Care was approved.
I havent paid one bill late in the last 12 months. Anything had that showed late prior has been disputed and erased.

I have one collection that I paid from LJ Ross that Im currently working with a lawfirm to remove. I have a charge off that has been paid as well from Fingerhut that I had 15 years ago, but they put sold it to another company 4 years ago.

How many late payments do you have from before this year? So 10 inquiries, 2 collections, a relatively large loan compared to your other lines of credit. Anything else?

Re: Cant get approved

Anonymous — Sat, 20 Oct 2018 03:18:08 GMT

If the 733 score you list is a FICO score than my next question is what is your income and how long have you been employed at your current job. 733 should be enough to get you any card.

Re: Cant get approved

Anonymous — Sat, 20 Oct 2018 04:29:29 GMT

This was the exact type of thing that happened to me during my CR. I couldn't get approved for anything. Catching up on this thread you mentioned "I have one collection that I paid from LJ Ross that Im currently working with a lawfirm to remove. I have a charge off that has been paid as well from Fingerhut that I had 15 years ago, but they put sold it to another company 4 years ago." My gut tells me this is one of main reasons. As soon as I got my collection showing 'Paid in Full' along with being on time on everything. It all changed for me!

Get that collection and that CO off of your credit report if you've already paid them both in full. Do you have any proof in writing that you have paid both off in full? This is very important as you can send copies of your proof of payment directly to the CRB's and they will remove this from your CR no need for a law firm unless I'm really missing something there...

Re: Cant get approved

Meanmchine — Sat, 20 Oct 2018 05:20:50 GMT

Easy question .....What are the top 3 reasons given in the denial letters you have been getting .

Once we know that, we can help you better

Re: Cant get approved

Anonymous — Sat, 20 Oct 2018 13:37:29 GMT

PlasticDad, I’m curious about this statement of yours:

“Get that collection and that CO off of your credit report if you've already paid them both in full. Do you have any proof in writing that you have paid both off in full? This is very important as you can send copies of your proof of payment directly to the CRB's and they will remove this from your CR no need for a law firm unless I'm really missing something there...”

Why would the CRBs do that? The fact of payment of a legit debt doesn’t change the fact that the debt is a real part of OP’s credit history. They continue to report unless there is an error or the CA pulls the tradeline on their own...

Re: Cant get approved

Anonymous — Sat, 20 Oct 2018 14:51:45 GMT

The OP would need to write a goodwill letter to the CA to see about getting those taken off of the reports.

Re: Cant get approved

Anonymous — Sat, 20 Oct 2018 14:54:35 GMT

Right, the CRBs aren’t going to do it on their own.

Re: Cant get approved

Anonymous — Sat, 20 Oct 2018 15:21:24 GMT

Dangit you are absolutely right! My mind was focused on removal for some reason mixed up the law firm with the fingerhut CO. when I should have stated change to the corrected "STATUS" my bad. But I believe these 2 entries at least are major contributors to the denial of credit along with other factors of course.

Re: Cant get approved

UncleB — Mon, 22 Oct 2018 04:21:14 GMT

Friendly reminder...

The publication, distribution or offering of referral codes isn't permitted on myFICO.

--UB

Re: Cant get approved

CreditRebuilder2020 — Mon, 22 Oct 2018 11:17:23 GMT

@CreditInspired wrote:
Ok, something is definitely going on, so let’s try to figure it out.

First, go to www.annualcreditreport.com and get your free credit report. Scan them with a fine tooth comb to ensure they’re accurate and nothing is on there that you forgot about or overlooked.

Second, STOP applying for credit. You’re in a domino effect of declines. Declines begat declines.

Third, how many inquiries do you have in the last 3 mos, 6 mos, 9 mos, 12 mos?

Fourth, what are your 3 scores? You say ~733, but your tagline says something different.

Fifth, how many accounts do you have and how many with balances?

Sixth, What is your year of on time payments — bank cards, store cards, installment loans? Are they minimum payments?

And finally, what is your UT across the board and for individual cards?

BINGO ^^^^

The more inquiries and denials you get, at a certain point, your credit report may as well be frozen. You could have an 800 and it's an instant red flag to lenders that you're frantically looking for credit and that is basically a guaranteed denial. Especially if you've racked them up in a short time period. And remember those hard inquiries stay on your report for TWO YEARS. So really be careful there. If I were you, I would stop applying ASAP, only getting yourself in deeper.