topic Re: USbank underwriting what should I say? in Credit Card Applications

USbank underwriting what should I say?

falzool — Fri, 13 Mar 2015 07:51:00 GMT

So its being looked at by underwriting and well the only thing i seem me getting denied for would be recent inq. I applied for cash+ but I went on a app spree applied for SM,Discover,amex everyday and was approved for them then i applied for usbank if they ask why do I have 3 inq so close together what should I say?

Re: USbank underwriting what should I say?

jzamarripa3220 — Fri, 13 Mar 2015 14:18:51 GMT

TBH, I wouldn't worry too much about the inquiries. How many total inquiries do you have tho? I too applied for a us bank cash+ earlier in the week and it took three day for them to make a decision. I really thought that my chances were slim and I expected a denial but it came back approved. I have about 14inq, three were from this and about 6 or7 were within 8 months ago. They might not even ask but just be hones. Say you have certain spending obligations and figured that some cash back is better then no cash back.

Re: USbank underwriting what should I say?

Anonymous — Fri, 13 Mar 2015 14:20:26 GMT

@falzool wrote:
So its being looked at by underwriting and well the only thing i seem me getting denied for would be recent inq. I applied for cash+ but I went on a app spree applied for SM,Discover,amex everyday and was approved for them then i applied for usbank if they ask why do I have 3 inq so close together what should I say?

@Faizool,

Is it possible you are over thinking it? 3 inquiries should not be a problem.. What you should also keep in mind is U.S Bank uses ARS/IDA reports also when deciding to grant credit. You can google ARD/IDA and you'd know what I am talking about..

Re: USbank underwriting what should I say?

Anonymous — Fri, 13 Mar 2015 17:13:45 GMT

@Anonymous wrote:
@falzool wrote:
So its being looked at by underwriting and well the only thing i seem me getting denied for would be recent inq. I applied for cash+ but I went on a app spree applied for SM,Discover,amex everyday and was approved for them then i applied for usbank if they ask why do I have 3 inq so close together what should I say?
@Faizool,

Is it possible you are over thinking it? 3 inquiries should not be a problem.. What you should also keep in mind is U.S Bank uses ARS/IDA reports also when deciding to grant credit. You can google ARD/IDA and you'd know what I am talking about..

US Bank holds all applications from 7-10 days for a hand review.

Re: USbank underwriting what should I say?

Anonymous — Fri, 13 Mar 2015 18:46:16 GMT

@Anonymous wrote:
@Anonymous wrote:
@falzool wrote:
So its being looked at by underwriting and well the only thing i seem me getting denied for would be recent inq. I applied for cash+ but I went on a app spree applied for SM,Discover,amex everyday and was approved for them then i applied for usbank if they ask why do I have 3 inq so close together what should I say?
@Faizool,

Is it possible you are over thinking it? 3 inquiries should not be a problem.. What you should also keep in mind is U.S Bank uses ARS/IDA reports also when deciding to grant credit. You can google ARD/IDA and you'd know what I am talking about..
US Bank holds all applications from 7-10 days for a hand review.

@Anonymous,

Disagree... When I apped for the Flex Perks, it went into review and the underwriter said 2-3 day tops.

Re: USbank underwriting what should I say?

B335is — Fri, 13 Mar 2015 20:57:34 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@falzool wrote:
So its being looked at by underwriting and well the only thing i seem me getting denied for would be recent inq. I applied for cash+ but I went on a app spree applied for SM,Discover,amex everyday and was approved for them then i applied for usbank if they ask why do I have 3 inq so close together what should I say?
@Faizool,

Is it possible you are over thinking it? 3 inquiries should not be a problem.. What you should also keep in mind is U.S Bank uses ARS/IDA reports also when deciding to grant credit. You can google ARD/IDA and you'd know what I am talking about..
US Bank holds all applications from 7-10 days for a hand review.
@Anonymous,

Disagree... When I apped for the Flex Perks, it went into review and the underwriter said 2-3 day tops.

And US Bank doesn't really put all applications through manual review, but far more than other banks.

Re: USbank underwriting what should I say?

Anonymous — Fri, 13 Mar 2015 21:55:28 GMT

Ok. My bad. Thanks.

Re: USbank underwriting what should I say?

Anonymous — Sat, 14 Mar 2015 04:13:26 GMT

+1 unless the report is clean.

Re: USbank underwriting what should I say?

Anonymous — Sat, 14 Mar 2015 04:14:00 GMT

@B335is wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@falzool wrote:
So its being looked at by underwriting and well the only thing i seem me getting denied for would be recent inq. I applied for cash+ but I went on a app spree applied for SM,Discover,amex everyday and was approved for them then i applied for usbank if they ask why do I have 3 inq so close together what should I say?
@Faizool,

Is it possible you are over thinking it? 3 inquiries should not be a problem.. What you should also keep in mind is U.S Bank uses ARS/IDA reports also when deciding to grant credit. You can google ARD/IDA and you'd know what I am talking about..
US Bank holds all applications from 7-10 days for a hand review.
@Anonymous,

Disagree... When I apped for the Flex Perks, it went into review and the underwriter said 2-3 day tops.
And US Bank doesn't really put all applications through manual review, but far more than other banks.

+1 unless the report is clean.

Re: USbank underwriting what should I say?

falzool — Sat, 14 Mar 2015 08:00:11 GMT

Well I called them today and underwriting said its waiting to be looked and and completed by my banker. I asked does it look like im going to get approved once my banker confirms it? The guy said it look good and that i should get approved. I have like 6 inqs in one year but 3 of those where looking for autoloans. Find it strange how my banker would need to approved it before underwriting approves it.

Re: USbank underwriting what should I say?

NRB525 — Sat, 14 Mar 2015 14:24:33 GMT

US Bank works a little differently than other CCC. Patience.