topic Re: Barclay Awkward Denial in Credit Card Applications

Barclay Awkward Denial

smoop88 — Thu, 30 Jul 2015 21:20:25 GMT

Today i had a family member get in with barclay high 500 score judgement lates and total TL is less than 1k. I applied and reconed i got nothing 613 TU no collections lates in January. I was told they wanna see more time on new accounts and more time from lates. How many times can you recon with barclay?

Re: Barclay Awkward Denial

baller4life — Thu, 30 Jul 2015 21:25:17 GMT

Till they cave!

Re: Barclay Awkward Denial

smoop88 — Thu, 30 Jul 2015 21:29:08 GMT

Lol yeah this is my 1st barclay experience the guy listened but thats crazy how my family member was approved on recon but i get denied bc of late payment from Jan we had the same number of inq but i guess my new accounts hurt me what would you all do? I wanna recon again but when?

Re: Barclay Awkward Denial

baller4life — Thu, 30 Jul 2015 21:41:20 GMT

Call back now if you like. Just have an explanation for new accounts. I've been successful at 2 recons before. Some of reconned 4,5 times

Re: Barclay Awkward Denial

smoop88 — Thu, 30 Jul 2015 21:55:26 GMT

Thanks will do now do i mention this is my 2nd recon or act like its my 1st?

Re: Barclay Awkward Denial

Anonymous — Thu, 30 Jul 2015 22:27:42 GMT

If they are telling you they want to see more payments on accounts and more time away from lates, I'd take that seriously and at face value.

You also mentioned you have a lot of inquiries and new accounts and Barclay's does not like those either. I don't see a lot to recon with, honestly. I'd wait the 6 months as they are telling you and try again.

Re: Barclay Awkward Denial

taxi818 — Thu, 30 Jul 2015 22:28:27 GMT

Your basing it on your family members Score. But a recent late is even worst. January was just 6 months ago. That is way too recent in the credit world. Of course recon. But It does not look good. Congrats to family member. each of us is different family or not. So your profile is different.Do they have anything recent? within the last 2 years?

Re: Barclay Awkward Denial

Anonymous — Thu, 30 Jul 2015 22:29:34 GMT

Let's look at what you are offering them

Low credit score

Recent lates just a few months ago

Lots of inquiries

Lots of new accounts

They don't like any of those things. Now, if you had a stronger credit score, I'd say you had some bargaining chips to recon with. As it is, I don't see anything to recon with.

Re: Barclay Awkward Denial

taxi818 — Thu, 30 Jul 2015 22:31:07 GMT

@Anonymous wrote:
Let's look at what you are offering them

Low credit score
Recent lates just a few months ago
Lots of inquiries
Lots of new accounts

They don't like any of those things. Now, if you had a stronger credit score, I'd say you had some bargaining chips to recon with. As it is, I don't see anything to recon with.

+1 but don't be so hard. Always leave a little hope for them. hehehe. I say go ahead and call and get it out of your System.

Re: Barclay Awkward Denial

smoop88 — Thu, 30 Jul 2015 22:31:28 GMT

No im not basing it on score at alone im basing it on the whole picture utilization, score, lates, collections, inq etc even income im aware everyone is different but i dont get it at all their recents are lates from this year 6k judegement and another collection

Re: Barclay Awkward Denial

taxi818 — Thu, 30 Jul 2015 22:34:12 GMT

@smoop88 wrote:
No im not basing it on score at alone im basing it on the whole picture utilization, score, lates, collections, inq etc even income im aware everyone is different but i dont get it at all their recents are lates from this year 6k judegement and another collection

I feel ya op. But what are the positives on their report. Sometimes the computer will approve. But remember recon is going straight to a live person. So good luck trying to convince them. Best to say you will even take a small $500 limit to prove yourself. This will go a long way. As they have nothing to lose. try and try again. someone. i won't say their name. i beleive reconed. 16 times until they caved in and gave them the card. so try and try again is the word.

Re: Barclay Awkward Denial

Anonymous — Thu, 30 Jul 2015 22:35:14 GMT

@smoop88 wrote:
No im not basing it on score at alone im basing it on the whole picture utilization, score, lates, collections, inq etc even income im aware everyone is different but i dont get it at all their recents are lates from this year 6k judegement and another collection

Yes but the whole picture is weak at this pont. Not to dash your hope but listen to what Barclay's is telling you and see all of the points above. You'll be a stronger applicant in 6 months!

You can;t compare apples to oranges. Forget the other person's profile and focus on your own.

Re: Barclay Awkward Denial

Anonymous — Thu, 30 Jul 2015 22:36:28 GMT

@taxi818 wrote:
@Anonymous wrote:
Let's look at what you are offering them

Low credit score
Recent lates just a few months ago
Lots of inquiries
Lots of new accounts

They don't like any of those things. Now, if you had a stronger credit score, I'd say you had some bargaining chips to recon with. As it is, I don't see anything to recon with.
+1 but don't be so hard. Always leave a little hope for them. hehehe. I say go ahead and call and get it out of your System.

True, taxi, he may just need to get it out of his system. Hope is always good but I hope he listens to what Barclay is trying to tell him. His lates are very recent!

Re: Barclay Awkward Denial

smoop88 — Thu, 30 Jul 2015 22:38:36 GMT

I have already reconed after app the $500 thing is my next strategy with them. My situation is not that bad I can wait it out i mean seriously no lates this year not too many inq utilization 9-18% even a CLI within the same year for a new account

Re: Barclay Awkward Denial

Anonymous — Thu, 30 Jul 2015 22:48:25 GMT

I don't think you're gonna get it with a bunch of recent inquiries and new accounts. just sayin.'

Re: Barclay Awkward Denial

smoop88 — Thu, 30 Jul 2015 22:51:10 GMT

Yeah lesson learned ill hit them up in the future they are really understanding

Re: Barclay Awkward Denial

kdm31091 — Thu, 30 Jul 2015 23:02:55 GMT

@Anonymous wrote:
Let's look at what you are offering them

Low credit score
Recent lates just a few months ago
Lots of inquiries
Lots of new accounts

They don't like any of those things. Now, if you had a stronger credit score, I'd say you had some bargaining chips to recon with. As it is, I don't see anything to recon with.

Pretty much.

Recon isn't a magic wand. All it is is discussing your denial with a human being, who may well side with the very fair decisions from the computer in this case. The computer generated decision sometimes is "too harsh" but in this case it doesn't sound like it was!

Re: Barclay Awkward Denial

Imperfectfuture — Fri, 31 Jul 2015 13:44:13 GMT

I listened to Barclays when they said wait. Got 10k approval year later. Instant.

Re: Barclay Awkward Denial

smoop88 — Fri, 31 Jul 2015 13:57:04 GMT

Oh cool well ill try them again one day