topic Re: MINI DENIAL SPREE in Credit Card Applications

MINI APPROVAL (!) SPREE

winner88 — Thu, 21 Jul 2022 21:34:37 GMT

Hey guys, a couple of weeks ago I froze and/or opted out of a few (6-7) secondary credit reporting agencies. Last night I applied for DCU and was instant denied, received an email shortly stating:

"We regret to inform you that your recent application to obtain a membership with DCU has been denied. The methods that we routinely use for remote validation of the information you have provided on your application have failed to provide us with the required level of positive authentication.

Please note that for security reasons we are unable to disclose what factors may have contributed to the denial. This is a standard process that is followed for all applicants."

Truist, Citizen and Bread cashback AmEX all came back with, "we will get back to you in 10-14 days".

Do you guys have any idea which of the secondary CRA they pull?

Re: MINI DENIAL SPREE

blindambition — Wed, 20 Jul 2022 18:04:03 GMT

Was ChexSystems one of the ones you froze? Banks and CU will either check ChexSystems or Early Warning Systems for opening checking/savings and membership. DCU uses Chex. If frozen, that's a no pass go for you.

Re: MINI DENIAL SPREE

winner88 — Wed, 20 Jul 2022 18:14:47 GMT

@blindambition No cheksystem wasn't one of those and I don't think they share database with innovis, lexisnexus, ARS, corelogics or sagestream

Re: MINI DENIAL SPREE

blindambition — Wed, 20 Jul 2022 18:22:10 GMT

With the credit cards, supplemental reports from Clarity, CoreLogics, innovis, LexisNexis are used. Many lenders won't approve if those are frozen.

Re: MINI DENIAL SPREE

blindambition — Wed, 20 Jul 2022 18:35:39 GMT

@winner88 wrote:
@blindambition No cheksystem wasn't one of those and I don't think they share database with innovis, lexisnexus, ARS, corelogics or sagestream

If Chex wasn't frozen, most common DCU denials are related to negative info on Chex, or Chex inquiries. If you've opened a lot of bank accounts in short period.

Re: MINI DENIAL SPREE

winner88 — Wed, 20 Jul 2022 18:51:20 GMT

Perfect chexsystem. Only checking account opened in the last 4 years was a discover checking account.

DCU soft pulled EQ as well, no derogatory, 0 inquires 750+ score.

Re: MINI DENIAL SPREE

winner88 — Wed, 20 Jul 2022 18:53:20 GMT

more baffling was Truist denial after pre-approval for all 5 cards. Another soft EQ pull.

Re: MINI DENIAL SPREE

bigseegar — Wed, 20 Jul 2022 19:02:20 GMT

@winner88 wrote:
more baffling was Truist denial after pre-approval for all 5 cards. Another soft EQ pull.

Because if you went through with applying for all 5 cards like you said in the Truist Post you were going to, that's why. Truist UW clamped way down. Even early on when I got 4 cards I had to contact Truist Fraud Dept and UW and explain what had happened in my applying that I thought the first 2 apps didn't go through so a couple weeks later I app'ed again. When I did finally receive all 4 cards none of them worked. They were all locked down. Luckly when I called and was sent to Fraud they ask if I wanted all 4 cards and I had a strong enough profile and history with both BB&T and Suntrust (the Truist merger) that they allowed it. NEVER would or will I do that again on ANY card.

Re: MINI DENIAL SPREE

winner88 — Wed, 20 Jul 2022 19:15:01 GMT

@bigseegar Lol obviously I was kidding about applying for all 5. I only accepted 1 offer out of the 5 prequalified list that showed up.

I'm glad it worked out for you thou. Congratulations

Re: MINI DENIAL SPREE

PapaTunde — Wed, 20 Jul 2022 21:02:07 GMT

@winner88 wrote:

Please note that for security reasons we are unable to disclose what factors may have contributed to the denial. This is a standard process that is followed for all applicants."

This is the part of the denial that interests me

Re: MINI DENIAL SPREE

bigseegar — Wed, 20 Jul 2022 21:10:57 GMT

@winner88 wrote:
@bigseegar Lol obviously I was kidding about applying for all 5. I only accepted 1 offer out of the 5 prequalified list that showed up.

I'm glad it worked out for you thou. Congratulations

Lol good deal then and yes very strange then unless there's something else in your DP's as Truist PA are usually pretty solid and your FICO looks good. Sorry for the denial.

Re: MINI DENIAL SPREE

MCM1 — Wed, 20 Jul 2022 23:48:41 GMT

Actually it is best to freeze all of those and I havent had a single denial from having them locked/frozen and I have added over 20 cards in the past 24 months.

Re: MINI DENIAL SPREE

FinStar — Thu, 21 Jul 2022 04:31:47 GMT

@MCM1 wrote:
Actually it is best to freeze all of those and I havent had a single denial from having them locked/frozen and I have added over 20 cards in the past 24 months.

Conversely, I've never encountered any issues with leaving them open, but plenty of DPs with supporting evidence have shown that a variety of lenders will decline applications if any of the others are frozen. Experiences and outcomes will vary.

Re: MINI DENIAL SPREE

babygirl1256 — Thu, 21 Jul 2022 04:36:53 GMT

@winner88 I really thought they had to disclose the denial reason but I guess not . . . interesting!!!

Re: MINI DENIAL SPREE

OmarGB9 — Fri, 22 Jul 2022 05:47:33 GMT

@babygirl1256 wrote:
@winner88 I really thought they had to disclose the denial reason but I guess not . . . interesting!!!

For credit card apps, yes, but OP was talking about a denial for DCU membership.

Re: MINI DENIAL SPREE

winner88 — Fri, 22 Jul 2022 20:33:15 GMT

I called Truist and apparently there is no record of any applications even though they soft pulled my EQ report.

i reapplied again, for a different card and got when message:

Thank you for considering Truist for your banking needs. We will not be able to
move forward with your request at this time. In review of your request, we cannot
verify your application information through our digital process. If you feel this
decision was received in error or that you have incorrectly input information
associated with your identity, you may submit a new application on Truist.com, via
the Truist Care Center 844-4TRUIST (844-487-8478), or by visiting your local Truist
branch.
If you have any questions regarding this notice, you should contact us at the
address listed below.
Truist Bank 214 N Tryon St. Charlotte, NC 28202
Notice: The Federal Equal Credit Opportunity Act prohibits creditors from
discriminating against credit applicants on the basis of race, color, religion,
national origin, sex, marital status, age (provided the applicant has the capacity to
enter into a binding contract); because all or part of the applicant's income
derives from any public assistance program; or because the applicant has in good
faith exercised any right under the Consumer Credit Protection Act. The Federal
agency that administers compliance with this law concerning this creditor is the
Consumer Financial Protection Bureau, 1700 G Street, NW Washington, DC,
20006.
Message Code: 130

Just as before, their customer service rep didn't see any appplicayion (pending, declined or approved).