topic Re: Lowes Denial in Credit Card Applications

Lowes Denial

Anonymous — Thu, 14 May 2015 14:53:57 GMT

Ok so I applied for a lowes card to get the discount when buying some supplies to paint at our new home. Apparently I can qualify for a 172000 dollar mortgage but not a Lowes card. Got the 7-10 day message and called and was told it could not be approved. I am a little curious why an alert for a hard pull never showed on myfico. It was Monday when I applied.

Re: Lowes Denial

Anonymous — Thu, 14 May 2015 14:57:44 GMT

@Anonymous wrote:
Ok so I applied for a lowes card to get the discount when buying some supplies to paint at our new home. Apparently I can qualify for a 172000 dollar mortgage but not a Lowes card. Got the 7-10 day message and called and was told it could not be approved. I am a little curious why an alert for a hard pull never showed on myfico. It was Monday when I applied.

Sorry for the decline. Never assume that because you have a mortgage that you will be approved for a credit card. Two entirely different credit types and approval for one or the other does not necessarily lead to the approval for another. I would focus on the reasons for the denial and try to improve those areas.

It may take a few more days for MyFico to show an alert for the probable TU HP.

Re: Lowes Denial

TRC_WA — Thu, 14 May 2015 15:04:29 GMT

Secured credit (mortgage) and unsecured credit (Lowe's) are 2 different things.

I am not surprised at your denial with mid 600's scores.

The CU I financed my car with approved a $43k loan... and denied a $500 CC.

Re: Lowes Denial

Anonymous — Thu, 14 May 2015 15:06:25 GMT

That's understandable. Especially considering bad decisions with cards caused my scores to be so low. Those decisions are fading into the background now though. Last late payment on a card just turned two years old this month. I guess time will heal. Luckily wasn't dependent on getting the card just looking for the discount that came with it.

Re: Lowes Denial

Anonymous — Thu, 14 May 2015 17:23:12 GMT

sorry to hear that as mentioned above work on the reasons that deny you for!

good luck

Re: Lowes Denial

Ron1 — Fri, 15 May 2015 03:37:22 GMT

Sorry to hear. I thought Lowes was easy.

Ron.

Re: Lowes Denial

Anonymous — Fri, 15 May 2015 14:23:12 GMT

it sucks - it's like a hit or miss with HP or lowes - I've read stories on here where ppl were denied for Lowes but got approved for HP and vise versa.

Re: Lowes Denial

Anonymous — Sat, 16 May 2015 03:26:28 GMT

Try home depot. I was approved $500 by lowes on first try and I went to home Depot, got approved for 2500 .so posses @lowes then called recon and they bumped it to $1800 when they saw I had lowes card too.

Like you I was shocked because I just got approved for a $205,000 house and was life **bleep** i's wrong with my scores for lowes. .

Re: Lowes Denial

Anonymous — Sat, 16 May 2015 03:27:17 GMT

Try home depot. I was approved $500 by lowes on first try and I went to home Depot, got approved for 2500 .so posses @lowes then called recon and they bumped it to $1800 when they saw I had a Home Depot too.

Like you I was shocked because I just got approved for a $205,000 house and was life **bleep** i's wrong with my scores for lowes. .

Re: Lowes Denial

Anonymous — Sat, 16 May 2015 04:12:30 GMT

@Anonymous wrote:
Ok so I applied for a lowes card to get the discount when buying some supplies to paint at our new home. Apparently I can qualify for a 172000 dollar mortgage but not a Lowes card. Got the 7-10 day message and called and was told it could not be approved. I am a little curious why an alert for a hard pull never showed on myfico. It was Monday when I applied.

Did you burn Synchrony/GE Capital before? If yes, perhaps you are blacklisted...thus no HP.

I got approved for a Lowe's with way lower credit scores than you, a ton of TU inquiries and a bunch of new accounts <6 months.

Re: Lowes Denial

taxi818 — Sat, 16 May 2015 12:23:13 GMT

@Anonymous wrote:
@Anonymous wrote:
Ok so I applied for a lowes card to get the discount when buying some supplies to paint at our new home. Apparently I can qualify for a 172000 dollar mortgage but not a Lowes card. Got the 7-10 day message and called and was told it could not be approved. I am a little curious why an alert for a hard pull never showed on myfico. It was Monday when I applied.
Sorry for the decline. Never assume that because you have a mortgage that you will be approved for a credit card. Two entirely different credit types and approval for one or the other does not necessarily lead to the approval for another. I would focus on the reasons for the denial and try to improve those areas.

It may take a few more days for MyFico to show an alert for the probable TU HP.

Re: Lowes Denial

Anonymous — Sun, 17 May 2015 04:59:44 GMT

Catfish, I understand where you're coming from about lowes. I was denied for a Lowe's card, even though I have multiple sync cards but only 1 charge having a 125 balance and pif every month and still got denied lowes. I ended up applying for a home Depot card and have a $5,000 limit. I would have preferred Lowe's with at least a small SL lol

Re: Lowes Denial

Anonymous — Mon, 18 May 2015 18:15:15 GMT

I did have a lowes card about 10 years ago that did not end on good terms. It was paid off. No chargeoff or collection but account was closed and paid off. Could this be the reason I was denied with no hard pull showing. It has been a week since I applied and no pull has shown up on myfico

Re: Lowes Denial

Anonymous — Wed, 20 May 2015 04:34:19 GMT

Well it has officially been a week since denial. No hp ever showed on myfico so can I assume I was blacklisted? Thinking of app for Home Depot or possibly rooms to go any advice on either

Re: Lowes Denial

taxi818 — Wed, 20 May 2015 09:51:03 GMT

If you waiting to see the hp on my fico. I can take even longer than a week. Don't make a decision based on myfico credit monitoring. If you really want to know 100% simply Google. Credit report denial of credit. After. Link to transunion. Because that's who they pull. Put in you info. And they will give you a free report. There you will see the hp and app date. Good luck. It took myfico nearly two weeks to update my score. Which I could clearly see it on discover. But hey. It is what it is.

Re: Lowes Denial

Anonymous — Wed, 22 Jul 2015 15:47:34 GMT

Any updates on this?

I need/want to apply for Lowes this weekend for a $5k fence installation. CH7 d/c 10/2010, been 100% on-time since then. No debt except for mortgage, school loan ($150/month)

Burned: Target, Walmart, Cap1, Best Buy, Chase, Citi, PayPal, USAA

Scores: TU 636, EX 667, EQ 661

Re: Lowes Denial

ddemari — Wed, 22 Jul 2015 17:51:53 GMT

I would think home depot would be much harder to get than Lowes. Citi is so picky.

Re: Lowes Denial

Existentialist — Wed, 22 Jul 2015 23:57:41 GMT

Wouldve been interesting to know stated reason(s) for denial.

Re: Lowes Denial

TiggerDat — Thu, 23 Jul 2015 00:48:42 GMT

Synchrony/GE is actually forgiving. I had a Sam's Club account I burned them on about 9-10 years ago. A few years ago I applied for Walmart, got it, I applied for PayPal Rewards MC, got it, Belks, got it, recently applied for a Lowes card got it. For the Lowes card I only got a $2000 limit which I immediately reconned to $5000, but I also think I left something on the table because of how easy it was to recon and there was no counter offer.

Re: Lowes Denial

LifeSAVERS — Sun, 30 Aug 2015 18:03:35 GMT

TiggerDat - I just received a REALLY small SL approval from Lowe's and would like to recon. Did you call as soon as you were approved, or did you wait until you received the card? What contact number did you use?

Thank you, as always comments on this board are awesome!