topic Re: CSP 7-10 day noticed. in Credit Card Applications

CSP 7-10 day noticed.

Anonymous — Sun, 18 Oct 2015 17:45:16 GMT

Had a inquiry to spare so I applied. Got the 7-10 message. Crossing my fingers bc I heard people got approved after they receiving the same message. I do tons of traveling.

CK shows 655 Eq 653 TU

Re: CSP 7-10 day noticed.

Anonymous — Sun, 18 Oct 2015 17:55:17 GMT

@Anonymous wrote:
Had a inquiry to spare so I applied. Got the 7-10 message. Crossing my fingers bc I heard people got approved after they receiving the same message. I do tons of traveling.

CK shows 655 Eq 653 TU

CK are FAKOs. Do you know what your real FICOs are? Your scores are on the "fair side" and Chase CSP starts are $5000 limit. What are the limits on your current cards and how many new accounts have you had say for this year?

Re: CSP 7-10 day noticed.

Anonymous — Sun, 18 Oct 2015 18:55:27 GMT

Don't know my real fico. My highest limit is $10300. Two new accounts.

Re: CSP 7-10 day noticed.

Anonymous — Sun, 18 Oct 2015 20:39:41 GMT

@Anonymous wrote:
Don't know my real fico. My highest limit is $10300. Two new accounts.

Ok.. For the future, don't rely on FAKO scores when applying for cards. Chase in addition to using FICO scores also rely heavily on their internal scores. Keep checking the automated message and see what it says.

And if you can't wait, you can call the recon line to speak to a credit analyst and see what decision they have made. Keep us posted on results.

Re: CSP 7-10 day noticed.

Anonymous — Sun, 18 Oct 2015 21:19:47 GMT

Usually (usually) 7-10 day decisions are declines...where two week decisions are approvals. Wait until you get the letter and call recon.

Good luck

Gregg

Re: CSP 7-10 day noticed.

Anonymous — Mon, 19 Oct 2015 06:38:38 GMT

thanks guys. I'll keep you posted.

Re: CSP 7-10 day noticed.

Anonymous — Mon, 19 Oct 2015 07:02:12 GMT

Good luck Neversay!

Re: CSP 7-10 day noticed.

takeshi74 — Mon, 19 Oct 2015 12:51:34 GMT

@Anonymous wrote:
CK are FAKOs.

More importantly, Chase doesn't use the VantageScores that CK provides.

@Anonymous wrote:
For the future, don't rely on FAKO scores when applying for cards.

One should always consider the specific scoring model and CRA used by a given creditor and that goes for FICO's as well. FICO 8 is the most commonly used scoring model but not all creditors/products use FICO 8 and there are many other FICO models used by creditors.

Allegedly there are creditors that use VantageScores but I haven't seen much info on this aside from maybe the Kohl's card.

@Anonymous wrote:
Usually (usually) 7-10 day decisions are declines...

All X days or X-Y days indicates is that manual review is required. The outcome depends on the findings of the review.

Re: CSP 7-10 day noticed.

Anonymous — Mon, 19 Oct 2015 15:07:26 GMT

I hate Chase. I was denied a CSP with a 700 FICO. I only use my Freedom card for their revolving rewards. Nothing else.

Re: CSP 7-10 day noticed.

Anonymous — Mon, 19 Oct 2015 17:45:07 GMT

Maybe I'll sent the my recon rep some fresh baked cookies to sweeten the deal!

Re: CSP 7-10 day noticed.

Anonymous — Mon, 19 Oct 2015 17:48:29 GMT

@Anonymous wrote:
I hate Chase. I was denied a CSP with a 700 FICO. I only use my Freedom card for their revolving rewards. Nothing else.

Score is only one of the elements used in credit decisions.

Re: CSP 7-10 day noticed.

ojefferyo — Mon, 19 Oct 2015 20:38:28 GMT

@Anonymous wrote:
@Anonymous wrote:
I hate Chase. I was denied a CSP with a 700 FICO. I only use my Freedom card for their revolving rewards. Nothing else.
Score is only one of the elements used in credit decisions.

And for Chase they don't even weigh it as heavily vs their internal scoring.

Re: CSP 7-10 day noticed.

ddemari — Mon, 19 Oct 2015 20:56:38 GMT

did u call the automated status line to see what the message says?

Re: CSP 7-10 day noticed.

Anonymous — Tue, 20 Oct 2015 00:51:32 GMT

Called recon and got denied like a stepchild. Utilization on one my card is too high, but my overall utilization is at 30%. Other reason is I have a pubic record. I guess I'll garden til those are gone.