topic Re: Chase Marriott Denial Letter--685 Risk Score... in Credit Card Applications

Chase Marriott Denial Letter--685 Risk Score...

Credit-hoarder — Wed, 27 May 2015 00:42:18 GMT

So if anyone out there understands their (Chase's) internal scoring system, is 685 good or bad by Chase standards? It said in a nutshell I was denied for no. of accts--no. of accts with balances--balances grew to fast as opposed to limits/time accts. open--higher balances that last year same time--too many open accts. w/ balances. Keep in mind total UTIL to total CL's at the time of app was 11%---about $10K out of almost $100K. on EQ.

Re: Chase Marriott Denial Letter--685 Risk Score...

ddemari — Wed, 27 May 2015 00:45:37 GMT

I would recon that. Im pretty sure my cars was in the 660-670s when i was approved for jpm ritz.

Re: Chase Marriott Denial Letter--685 Risk Score...

Credit-hoarder — Wed, 27 May 2015 00:54:09 GMT

@ddemari: I did a couple of times. The last time it went to manual review with a Sr. Analyst and still denied. And I was told she was noting on the app to do a HP next time b/c basically she wouldn't allow another analyst to review the same recycled CR with the same info on it.

Re: Chase Marriott Denial Letter--685 Risk Score...

longtime_lurker — Wed, 27 May 2015 02:13:46 GMT

@Credit-hoarder wrote:
@ddemari: I did a couple of times. The last time it went to manual review with a Sr. Analyst and still denied. And I was told she was noting on the app to do a HP next time b/c basically she wouldn't allow another analyst to review the same recycled CR with the same info on it.

Ouch...

Re: Chase Marriott Denial Letter--685 Risk Score...

Credit-hoarder — Wed, 27 May 2015 02:35:59 GMT

@Lurker: Yep--EXACTLY. That's basically the kind of attitude I've found the last few times over the past week when dealing with Chase. That's why they'll N-E-V-E-R get another HP from me again for anything new or existing.

Re: Chase Marriott Denial Letter--685 Risk Score...

Anonymous — Wed, 27 May 2015 04:49:28 GMT

@Credit-hoarder wrote:
So if anyone out there understands their (Chase's) internal scoring system, is 685 good or bad by Chase standards? It said in a nutshell I was denied for no. of accts--no. of accts with balances--balances grew to fast as opposed to limits/time accts. open--higher balances that last year same time--too many open accts. w/ balances. Keep in mind total UTIL to total CL's at the time of app was 11%---about $10K out of almost $100K. on EQ.

Mine was 649 when I was approved for the Freedom......

Approvals were as follows.

SW - $2K

CSP - $5K

Freedom - $1.5K

Marriott - $5K

Ritz - $9K

Ink Plus - $5K

I think you actually have a shot at a recon if you get a decent analyst.

I'd do a little housekeeping before the next recon though. State that you do not authorize an HP.

Re: Chase Marriott Denial Letter--685 Risk Score...

EW800 — Wed, 27 May 2015 03:26:48 GMT

@longtime_lurker wrote:
@Credit-hoarder wrote:
@ddemari: I did a couple of times. The last time it went to manual review with a Sr. Analyst and still denied. And I was told she was noting on the app to do a HP next time b/c basically she wouldn't allow another analyst to review the same recycled CR with the same info on it.
Ouch...

Ouch is right. That kind of sounds like, "don't call us, we'll call you..."

Re: Chase Marriott Denial Letter--685 Risk Score...

ddemari — Wed, 27 May 2015 04:11:36 GMT

Ouch ++++++. Chase is / was/ can be a wild card lately at recons. Ive never reconed past once but most people attempt 3 + times.

My aprrovals with chase which is shocking at how they are being to people with 2 accounts opened 6 plus months out is craZy.

Freedom - 3k
Slate- 3.2k
CS- 5k
CSP-5k
Ritz- 10k
United explorer- 8k
Amazon visa - 500 asked for reconsideration- approved 4k.

Re: Chase Marriott Denial Letter--685 Risk Score...

ddemari — Wed, 27 May 2015 04:12:58 GMT

And i forgot to say i agree with nixon, nicer analyst maybe a shot!

Re: Chase Marriott Denial Letter--685 Risk Score...

Anonymous — Wed, 27 May 2015 04:50:48 GMT

@ddemari wrote:
Ouch ++++++. Chase is / was/ can be a wild card lately at recons. Ive never reconed past once but most people attempt 3 + times.

My aprrovals with chase which is shocking at how they are being to people with 2 accounts opened 6 plus months out is craZy.

Freedom - 3k
Slate- 3.2k
CS- 5k
CSP-5k
Ritz- 10k
United explorer- 8k
Amazon visa - 500 asked for reconsideration- approved 4k.

Here's an interesting one for you. EX pull for Ink Plus. Got 7-10. Called Business Lending and on their review they pulled TU as well.

Re: Chase Marriott Denial Letter--685 Risk Score...

Credit-hoarder — Wed, 27 May 2015 05:48:47 GMT

But is 685 a good score though?. Because if I find I actually DID score high enough by their standards to be approved, I am going to find out who to contact outside of Chase about having those 2 HP's (or at. min. one) I incurred during this process removed. @Nixon: I don't really want the card anymore...b/c then they'll find some lame a$$ excuse to close it on me

Re: Chase Marriott Denial Letter--685 Risk Score...

Anonymous — Wed, 27 May 2015 11:02:01 GMT

@Credit-hoarder wrote:
But is 685 a good score though?. Because if I find I actually DID score high enough by their standards to be approved, I am going to find out who to contact outside of Chase about having those 2 HP's (or at. min. one) I incurred during this process removed.@ @Anonymous: I don't really want the card anymore...b/c then they'll find some lame a$$ excuse to close it on me

It will be impossible to get the HP removed as it a legitimate inquiry-

Re: Chase Marriott Denial Letter--685 Risk Score...

Credit-hoarder — Wed, 27 May 2015 11:09:07 GMT

@Yes: I know--wishful thinking on my part. But in a way it was worth it to learn just how they are. They d*** sure won't ever get another one from me. BTW: anyone that's familiar with their internal scoring scale, please chime in if you know the snswer to my original quiestion. TY

Re: Chase Marriott Denial Letter--685 Risk Score...

Anonymous — Wed, 27 May 2015 11:45:57 GMT

@Credit-Hoarder,

Most banks including Chase have their own risk model use to determine approval. A credit risk score predicts the probability that a consumer will become 90 days past due or greater on any given account over the next 24 months. A three digit risk score relates to probability; or in some circles, probability of default.

So the higher internal score, the better. Is 685 a good score out of 900? Probably average. Mid 700s and close to 900 is much much better.