topic Re: Capital One Denial Letter... Joke? in Credit Card Applications

Capital One Denial Letter... Joke?

Anonymous — Mon, 02 Mar 2015 18:20:05 GMT

I was denied because too many inquiries (they're all loan shopping ones)

And my score they gave me is literally 45 points lower then the one on here.

What the hell?

Re: Capital One Denial Letter... Joke?

mikelo22 — Mon, 02 Mar 2015 18:26:31 GMT

@Anonymous wrote:
I was denied because too many inquiries (they're all loan shopping ones)

And my score they gave me is literally 45 points lower then the one on here.

What the hell?

I can only speculate since I have never apped for CapOne. But perhaps they use the FICO 04 model instead of the 08? That could account for your lower score. As for the INQ's, that is indeed strange. Usually those types of INQ's are combined (since you were just shopping around).

Re: Capital One Denial Letter... Joke?

Anonymous — Mon, 02 Mar 2015 18:33:37 GMT

I spoke to someone from their office and was told the computer denied it and the reason is scores...

They use the newer model BUT their reports are from 30 days ago so say today I have a 717 vs the 650 I had 30 days ago (collections were being reported).

Odd though because I got a chase card with a good limit yesterday.

Do all banks do this even though the "pull" should be most recent info...?

Re: Capital One Denial Letter... Joke?

chalupaman — Mon, 02 Mar 2015 18:43:06 GMT

@Anonymous wrote:
I spoke to someone from their office and was told the computer denied it and the reason is scores...

They use the newer model BUT their reports are from 30 days ago so say today I have a 717 vs the 650 I had 30 days ago (collections were being reported).

Odd though because I got a chase card with a good limit yesterday.

Do all banks do this even though the "pull" should be most recent info...?

I know Penfed will use the same HP in the last 90 days and I'm sure there are other banks that have done something like that before.

Re: Capital One Denial Letter... Joke?

Anonymous — Mon, 02 Mar 2015 18:44:25 GMT

Well, thats silly

You get a hard inquiry for a credit report thats not most recent?

Re: Capital One Denial Letter... Joke?

CreditCuriosity — Mon, 02 Mar 2015 18:51:03 GMT

They use 04 model is what I heard.. I don't think the CSR knows what they are talking about.

Re: Capital One Denial Letter... Joke?

Anonymous — Mon, 02 Mar 2015 19:12:08 GMT

@Anonymous wrote:
Well, thats silly

You get a hard inquiry for a credit report thats not most recent?

You didn't get one hard inquiry, but 3 of them

Re: Capital One Denial Letter... Joke?

Anonymous — Mon, 02 Mar 2015 19:13:07 GMT

@CreditCuriousity wrote:
They use 04 model is what I heard.. I don't think the CSR knows what they are talking about.

They definitely don't use FICO 08

Re: Capital One Denial Letter... Joke?

Anonymous — Mon, 02 Mar 2015 19:19:10 GMT

I've been getting just one from them actually (I don't know why... Lucky I guess?

Re: Capital One Denial Letter... Joke?

Anonymous — Mon, 02 Mar 2015 23:13:21 GMT

I thought Capital One always pulled all three bureaus? It's one of the things they get castigated for around here (and rightfully so).

Re: Capital One Denial Letter... Joke?

Anonymous — Mon, 02 Mar 2015 23:25:03 GMT

I guess maybe it varies... I dont know, its been one HP for me (maybe because they have been denied? idk

Re: Capital One Denial Letter... Joke?

happypill — Tue, 03 Mar 2015 16:09:59 GMT

I think Capital One pulls three for their in-house branded cards (Venture, Quicksilver), but they HP just 1 for partner cards like the GM or Sony.

Re: Capital One Denial Letter... Joke?

Anonymous — Tue, 03 Mar 2015 17:33:11 GMT

I am sorry about you getting denied from Cap1, call this number 1-800-955-1455 this is the Recon office to EO and they may get you approve. It won't hurt to try.

Re: Capital One Denial Letter... Joke?

Anonymous — Tue, 03 Mar 2015 17:49:14 GMT

@happypill wrote:
I think Capital One pulls three for their in-house branded cards (Venture, Quicksilver), but they HP just 1 for partner cards like the GM or Sony.

+1 I apped for Sony and it was just one but when I apped for QS1 before that it was 3.

Re: Capital One Denial Letter... Joke?

Anonymous — Wed, 18 Mar 2015 00:02:46 GMT

I do not see how to create a new topic if there is a Moderator in the room to help me. I can create a new topic. The backdoor numbers are useful, I feel that anyone on this site is very serious about the gardening of their credit as I. I used the backdoor number to phone about a letter that went out to all AMEX clients that an APR hike will be implemented within the next month or so. I contacted AMEX they said we had immaculate history as a member and no means this is punishment but a business decision. Any ideas on how to go back to our old lower APR?

Re: Capital One Denial Letter... Joke?

racer-x — Wed, 18 Mar 2015 00:13:19 GMT

When you click on a subforum, on the left side of the page there's a button that says 'NEW MESSAGE'.

Re: Capital One Denial Letter... Joke?

Anonymous — Wed, 18 Mar 2015 00:19:02 GMT

Thanks, I will look for it right now!!!

@racer-x wrote:
When you click on a subforum, on the left side of the page there's a button that says 'NEW MESSAGE'.

Re: Capital One Denial Letter... Joke?

TURNERHOOVER — Wed, 18 Mar 2015 02:08:44 GMT

CrapOne!!