topic Denied Apple Card for debt obligations in Credit Card Applications

Apple Card denied - DPs

audio-disabled — Tue, 17 Dec 2019 17:37:57 GMT

So, here's some DP for those who might be interested. I got an invite to apply this morning, went to apply as soon as I got the invitation. Goldman Sachs pulled TransUnion with a score of 680. The one and only reason it was denied was because: You have recently been past due
 
Vantage 3.0 is 651 as of 8/8/2019
FICO8 is 645 as of 8/2/2019
FICO9 is 676 as of 7/18/2019
 
Reported income: 76.8k
Util: 18% of $11,400
 
My three current credit cards are 11 months old. Federal student loans, currently paying. I had charged off student loans, but that has since been removed from my report. 
 
I've never went past due on any of my accounts. The only baddies I have on my account is BK7 discharged 2017, already past 2 years. On my FICO app, I do show I have 6 late payments and last time was 2 years 1 month - but that's my IIB accounts. When I pulled my annual credit reports in the past, they do not show I have late payments, just accounts with IIB.
 
Is there a recon line? Or do we know if "recently been past due" is actually a cover for BK7? Let me know if you're curious to learn more about my DP.
 
[Edited to add] I confirmed with TransUnion just now that it was a soft pull, not a hard pull. All my 6 accounts, they see them marked as IIB, and nothing else is showing anything past due. 

Re: Apple Card denied - due to "recently been past due"

BallBounces — Thu, 08 Aug 2019 17:19:06 GMT

@audio-disabled wrote:
Goldman Sachs pulled TransUnion with a score of 680. The one and only reason it was denied was because: You have recently been past due

Vantage 3.0 is 651 as of 8/8/2019
FICO8 is 645 as of 8/2/2019
FICO9 is 676 as of 7/18/2019

I am confused by the above. If "Goldman Sachs pulled TransUnion with a score of 680. " what is the FICO8 score you listed below it?

Re: Apple Card denied - due to "recently been past due"

FinStar — Thu, 08 Aug 2019 17:19:28 GMT

I highly doubt there's a method for reconsideration at the moment. Other folks who've been denied explored similar avenues with no outcome.

Re: Apple Card denied - due to "recently been past due"

audio-disabled — Thu, 08 Aug 2019 17:21:35 GMT

@BallBounces wrote:
@audio-disabled wrote:
Goldman Sachs pulled TransUnion with a score of 680. The one and only reason it was denied was because: You have recently been past due

Vantage 3.0 is 651 as of 8/8/2019
FICO8 is 645 as of 8/2/2019
FICO9 is 676 as of 7/18/2019

I am confused by the above. If "Goldman Sachs pulled TransUnion with a score of 680. " what is the FICO8 score you listed below it?

I know right, in the email I got it tells me I have 680, the closest score to 680 I have is 676 FICO9 as of 7/18. All the scores listed above is TransUnion.

Re: Apple Card denied - due to "recently been past due"

Anonymous — Thu, 08 Aug 2019 17:25:07 GMT

@audio-disabled wrote:
@BallBounces wrote:
@audio-disabled wrote:
Goldman Sachs pulled TransUnion with a score of 680. The one and only reason it was denied was because: You have recently been past due

Vantage 3.0 is 651 as of 8/8/2019
FICO8 is 645 as of 8/2/2019
FICO9 is 676 as of 7/18/2019

I am confused by the above. If "Goldman Sachs pulled TransUnion with a score of 680. " what is the FICO8 score you listed below it?
I know right, in the email I got it tells me I have 680, the closest score to 680 I have is 676 FICO9 as of 7/18. All the scores listed above is TransUnion.

If they used F9, the last time you pulled it was 7/18 so it isn't unrealistic to pick up 4 points almost a month later.

Re: Apple Card denied - due to "recently been past due"

audio-disabled — Thu, 08 Aug 2019 17:27:22 GMT

@Anonymous wrote:
If they used F9, the last time you pulled it was 7/18 so it isn't unrealistic to pick up 4 points almost a month later.

I'm thinking exactly that, but I don't want to hold my breath, ha.

Re: Apple Card denied - due to "recently been past due"

BallBounces — Thu, 08 Aug 2019 18:27:21 GMT

I have just read elsewhere that the supposition is that it is indeed FICO9 that they are using.

Re: Apple Card denied - due to "recently been past due"

AverageJoesCredit — Thu, 08 Aug 2019 19:19:36 GMT

Relating a 2 year old bk7 as just, " only baddie" isnt the best way to view it. Thats a pretty significsnt reason , and relatively recent bk that can still have repercussions with apps for years to come. Just remember lenders can put up a variety of reasons for denial when in fact its that bk that they dont like.

Re: Apple Card denied - due to "recently been past due"

audio-disabled — Thu, 08 Aug 2019 19:29:07 GMT

@AverageJoesCredit wrote:
Relating a 2 year old bk7 as just, " only baddie" isnt the best way to view it. Thats a pretty significsnt reason , and relatively recent bk that can still have repercussions with apps for years to come. Just remember lenders can put up a variety of reasons for denial when in fact its that bk that they dont like.

Understandable. At this point, we don't know exactly what Goldman like or don't like. I do feel it's worth it sharing here.

I called the number, 877-255-5923, the line went to Apple support then went through two transfers to discuss my application. I spoke with a superviser and he is in Goldman Sachs. This is NOT a recon line, but he said he can see more details but unable to share with me because he is not a credit analyst. But for my situation where the reason for denial reading "recent past dues" is inaccurate, so the superviser will escalate my request in hopes to provide more explanation.

He tried to pad the reason for rejection when explaining to me the list of contributing factors to my scores like severe delinquent or derogatory (BK), but I argue that this is what contributes to my scores. If we focus on the reason itself on the rejection - past dues - which is inaccurate, it should be reconsidered or looked into.

Also, I was able to confirm that if you apply, it will be soft pull. Upon accepting the approval, it becomes a hard pull. As per the supervisor.

Re: Apple Card denied - due to "recently been past due"

Meanmchine — Fri, 09 Aug 2019 01:10:03 GMT

@audio-disabled wrote:
@AverageJoesCredit wrote:
Relating a 2 year old bk7 as just, " only baddie" isnt the best way to view it. Thats a pretty significsnt reason , and relatively recent bk that can still have repercussions with apps for years to come. Just remember lenders can put up a variety of reasons for denial when in fact its that bk that they dont like.
Understandable. At this point, we don't know exactly what Goldman like or don't like. I do feel it's worth it sharing here.

I called the number, 877-255-5923, the line went to Apple support then went through two transfers to discuss my application. I spoke with a superviser and he is in Goldman Sachs. This is NOT a recon line, but he said he can see more details but unable to share with me because he is not a credit analyst. But for my situation where the reason for denial reading "recent past dues" is inaccurate, so the superviser will escalate my request in hopes to provide more explanation.

He tried to pad the reason for rejection when explaining to me the list of contributing factors to my scores like severe delinquent or derogatory (BK), but I argue that this is what contributes to my scores. If we focus on the reason itself on the rejection - past dues - which is inaccurate, it should be reconsidered or looked into.

Also, I was able to confirm that if you apply, it will be soft pull. Upon accepting the approval, it becomes a hard pull. As per the supervisor.

How could a two year old BK NOT BE VIEWED as a RECENT PAST DUE ????

A BK is the most severe modifer in the game. You are not going to win this IMO. Sorry

Re: Apple Card denied - due to "recently been past due"

audio-disabled — Fri, 09 Aug 2019 01:21:02 GMT

Because I am interpreting "past dues" as late payments, not BK. Am I wrong to think this way?

While applying for credit, I do get rejections with the reasons of BK. But this one didn't specify that, but specified past dues.

Re: Apple Card denied - due to "recently been past due"

Meanmchine — Fri, 09 Aug 2019 01:28:54 GMT

Yes you are. I suggest you visit our Bankruptcy section and our Understanding FICO scoring for more personalied information concerning your situation. Good luck

Re: Apple Card denied - due to "recently been past due"

Anonymous — Fri, 09 Aug 2019 03:29:56 GMT

Same. TU score 723. 3% utilization. No other hits, inquiries, BK’s. Last late payment was 7 years ago.

Called TU and they said there were no recent past due payments, so they’re investigating, but not expecting a different outcome. I’ve seen a few other people say they were declined for this reason with no recent past dues, wonder what the deal is.

Re: Apple Card denied - due to "recently been past due"

Meanmchine — Fri, 09 Aug 2019 04:38:56 GMT

@Anonymous wrote:
Same. TU score 723. 3% utilization. No other hits, inquiries, BK’s. Last late payment was 7 years ago.

Called TU and they said there were no recent past due payments, so they’re investigating, but not expecting a different outcome. I’ve seen a few other people say they were declined for this reason with no recent past dues, wonder what the deal is.

Any collection accounts?

Also, what is your months since last negative? ( you can get this for free on CK )

EDIT It is easier to find on CCT or Experian.Com ( free ) by clicking menu / credit reports

Re: Apple Card denied - due to "recently been past due"

Anonymous — Fri, 09 Aug 2019 09:05:44 GMT

Last negative was 2 years 3 months ago. Unsure what it’s referring to - Experian doesn’t show any details on what that means - but it’s most likely a hard inquiry for another card I applied for about that time (and was approved for).

The one account I’m waiting to drop off my report was sent to collections and was charged off. Settled back in 2013, and the estimated date it’ll be removed from my credit report is in October. That’s the only account that I’m thinking might be causing it, but it’s not really a “recent past due”.

Re: Apple Card denied - due to "recently been past due"

Meanmchine — Fri, 09 Aug 2019 13:34:49 GMT

@Anonymous wrote:
Last negative was 2 years 3 months ago. Unsure what it’s referring to - Experian doesn’t show any details on what that means - but it’s most likely a hard inquiry for another card I applied for about that time (and was approved for).

The one account I’m waiting to drop off my report was sent to collections and was charged off. Settled back in 2013, and the estimated date it’ll be removed from my credit report is in October. That’s the only account that I’m thinking might be causing it, but it’s not really a “recent past due”.

2y 3m from last negative is the issue you have. Please take this to understanding FICO Scoring section for more info

Re: Apple Card denied - due to "recently been past due"

Brian_Earl_Spilner — Fri, 09 Aug 2019 13:46:10 GMT

@audio-disabled wrote:
Because I am interpreting "past dues" as late payments, not BK. Am I wrong to think this way?

While applying for credit, I do get rejections with the reasons of BK. But this one didn't specify that, but specified past dues.

Yes, because bankruptcy typically forces you to miss your payments. Most lenders won't go back further than 2 years to cite recent past dues, but like what's been said before, BK is as bad as it gets now that judgements are no longer reported.

Re: Apple Card denied - due to "recently been past due"

Anonymous — Fri, 09 Aug 2019 15:04:27 GMT

@Meanmchine wrote:
@Anonymous wrote:
Last negative was 2 years 3 months ago. Unsure what it’s referring to - Experian doesn’t show any details on what that means - but it’s most likely a hard inquiry for another card I applied for about that time (and was approved for).

The one account I’m waiting to drop off my report was sent to collections and was charged off. Settled back in 2013, and the estimated date it’ll be removed from my credit report is in October. That’s the only account that I’m thinking might be causing it, but it’s not really a “recent past due”.
2y 3m from last negative is the issue you have. Please take this to understanding FICO Scoring section for more info

Thanks, I've opened a new thread. It was actually 2 years 7 months - still doesn't jive with what I'm seeing in the account summaries, and in Score Ingredients it says my last late payment was 5 years 10 months ago.

Re: Apple Card denied - due to "recently been past due"

rayray7787 — Sat, 10 Aug 2019 13:38:58 GMT

I received denial of "recent past due" with 718 TU score and $131,000 income. I have a past due that is over 4 years old. Have CSP with 22,400 limit and with 3% util and really don't know what they are looking for as far as customer base. On reddit some have been approved with far less income and low to middle 600s score. Approvals seem totally random.

Re: Apple Card denied - due to "recently been past due"

tparks5961 — Sat, 10 Aug 2019 13:58:26 GMT

I would imagine that the people that got in early with mediocre scores are all lucky.

I'm sure many of millions of people want the new apple card, and there is no way they can extend them all credit the first week.. I think as time goes on, they'll tighten the requirements and can pretty much pick and choose who they let in.

This whole process is newe to both Goldman Sachs and Apple.. They'll learn and adapt pretty quickly..