topic Re: RESULTS in Credit Cards

RESULTS

Anonymous — Tue, 16 Oct 2007 13:01:52 GMT

HOOTERS CARD 7-10 business days wait still waiting

EDDIE BAUR 7-10 business days still waiting

BEST BUY processing appliction = declined too many inquiries I just have 4 inquiries

SPIEGELS APPROVED = credit limit 250

DILLARDS APPROVED = credit limit 150

CCCU = still wating

Message Edited by ashabbir1 on 10-16-2007 06:01 AM

Re: RESULTS

Anonymous — Tue, 16 Oct 2007 01:25:34 GMT

good luck!

Re: RESULTS

Anonymous — Tue, 16 Oct 2007 01:29:18 GMT

I just checked the status for BEST BUY and they declined and only reason was too many inquiries. They did check TU. I had only 6 inquiries.

Re: RESULTS

Anonymous — Tue, 16 Oct 2007 01:37:11 GMT

Now I think hooters would decline me for too many inquiries too

Re: RESULTS

Anonymous — Tue, 16 Oct 2007 01:45:20 GMT

I swear I am not applying for another card till I have 0 inquiries on all 3 CRA'S.

Re: RESULTS

Anonymous — Tue, 16 Oct 2007 02:14:47 GMT

ashabbir1 wrote:

I swear I am not applying for another card till I have 0 inquiries on all 3 CRA'S.

Congrats on the Spiegels. You should be able to app in 6mos. Usually they look at the inquiries in the past six months. Were you hoping for the store or MasterCard. I know that the app will consider you for the store if declined on the MC so let your report cool off a bit and try again.

Re: RESULTS

Anonymous — Tue, 16 Oct 2007 02:47:36 GMT

Thanks for your reply Brammy. I was looking for a store card. I shop a lot at Best Buy. I have like 9 sub prime credit cards. here is the reason for decline.

<SCRIPT language=javascript> </SCRIPT> Privacy/Security | Contact Us | FAQs

This application is encrypted and secure. Security Overview

Thank you for applying

MER: Best Buy

Thank you for applying for a credit account for use at the above merchant. Your application was processed for a Private Label Credit Card Account and a BankCard Credit Card Account issued by HSBC Bank Nevada, N.A. Unfortunately, we are unable to approve you for the Private Label Credit Account due to the following reasons:

TOO MANY RECENT INQUIRIES

In addition, we are unable to approve your credit application at this time for a BankCard Credit Card account. To obtain specific information as to the reasons for this, please write us at the P.O. Box stated below or phone us at (302) 327-2816 within 60 days of your receipt of this letter. We will send you a written statement of the specific reasons for denial within 30 days of receiving your request.

Our credit decision was based, in whole or in part, on information provided by the consumer reporting agency listed below. You have a right under the Fair Credit Reporting Act to know the information contained in your credit profile.

TransUnion Corp

P.O. Box 1000

Chester, PA 19022

800-888-4213

http://www.transunion.com/direct

The credit bureau did not make the decision nor is it able to provide specific reasons for our action. Under the Fair Credit Reporting Act, you have the right to receive a copy of your credit report at no charge. To do so, please contact the agency listed above within 60 days of your receipt of this letter. You have the right to dispute inaccurate or incomplete information in your credit report by contacting the credit bureau directly.

Si quisiera que le proporcionemos una traduccion, sirvase comunicarse con nosotros escribiendo a:

HSBC Bank Nevada, N.A.
P.O. Box 98734
Las Vegas, NV 89193-8734

EQUAL CREDIT OPPORTUNITY ACT NOTICE

The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided that the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning this creditor is the Office of the Comptroller of the Currency, Consumer Assistance Group, 1301 McKinney Street, Suite 3450, Houston, TX 77010-9050.

California Residents: Within 60 days of your receipt of this letter, you may obtain a copy of your credit report at no charge by contacting the credit bureau named on this letter, or any other credit bureau which maintains files on consumers on a national basis. You have the right to dispute the accuracy or completeness of any information in your credit report.

Washington Residents: Washington State law against discrimination prohibits discrimination in credit transactions because of race, creed, color, national origin, sex or marital status. The Washington State Human Rights Commission administers compliance with this law.

Massachusetts Residents: You have the right to obtain a free copy of your credit report within 60 days of your receipt of this letter from the consumer credit reporting agency which has been identified on this notice. The consumer credit reporting agency must provide someone to help you interpret the information on your credit report. Each calendar year you are entitled to receive, upon request, one free consumer report.

You have the right to dispute inaccurate information by contacting the consumer credit reporting agency directly. If you have notified a consumer credit reporting agency in writing that you dispute the accuracy of information in your file, the agency must then, within 30 days, reinvestigate and modify or remove inaccurate information. The consumer credit reporting agency may not charge a fee for this service.

If reinvestigation does not resolve the dispute to your satisfaction, you may send a statement to the consumer credit reporting agency, to be kept in your file, explaining why you think the record is inaccurate. The consumer credit reporting agency must include your statement about the disputed information in a report it issues about you. The state agency that administers compliance with the state law is the Massachusetts Commission Against Discrimination, One Ashburton Place, Boston, Massachusetts 02108.

HSBC Card Service Inc., HSBC Card Services (II) Inc., and/or Household Corporation, affiliates of HSBC Bank Nevada, National Association, provide administrative and processing services for this credit card or line or credit program.

why

FL3XX

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Re: RESULTS

Anonymous — Tue, 16 Oct 2007 02:57:32 GMT

It is so funny. I just checked truecredit and I juts have 4 inquireies on TU for last 2 years.How can they decline me for too many inquiries?

Re: RESULTS

Anonymous — Tue, 16 Oct 2007 12:13:22 GMT

Looks liek they considered your for both store and MC 'Bankcard and Private label'. Sometime HsBC resapn dopn't really match the reasons. Kinda like FICO they just put the first fact on the letter. How many inqs have you had in the past 6 mos?

Re: RESULTS

Anonymous — Tue, 16 Oct 2007 12:57:11 GMT

Thanks for your reply Brammy. I checked my truecredit report and it says I have 4 inquiries on TU for last 2 years.

Re: RESULTS

Anonymous — Tue, 16 Oct 2007 13:10:48 GMT

ashabbir1 wrote:

Thanks for your reply Brammy. I checked my truecredit report and it says I have 4 inquiries on TU for last 2 years.

But usually creditors look at the past six to 12 months. 4 in six months they say is too many but not sure since I had WAAAY more than that and they ran Ex for me.

Re: RESULTS

Anonymous — Tue, 16 Oct 2007 13:12:02 GMT

You are right. These 4 inquiries are in last 6 months.

Thanks

Re: RESULTS

Anonymous — Tue, 16 Oct 2007 13:19:33 GMT

ashabbir1 wrote:

You are right. These 4 inquiries are in last 6 months.

Thanks

Give it four or six months. In the meantime keep your history pristine. Research some cards you would like to have and make a list of your top three choices with online approval. apply for them all at the same tiem. There are two reasons for this, in 6 mos what you want today may very well change so you can narrow it down instead of apping for a new card every few months. I learned about cards I didn't knpw existed so my recent apps are spaced. Two, you will have the opportunity to really compare the benefits of the cards you are app'ing for. You will probably get preabpp offers in the mail but find from reading other people's posts here, the offers get better the longer you put off applying.

Re: RESULTS

Anonymous — Tue, 16 Oct 2007 13:21:46 GMT

Thanks Brammy. I applied for 6 credit cards yesterday. You are right now I will wait for another 6 months before I apply for credit card again.

Thanks

Re: RESULTS

Anonymous — Tue, 16 Oct 2007 13:59:25 GMT

When should I call hooters to check the status? I applied yesterday.

Thanks

Re: RESULTS

Anonymous — Wed, 17 Oct 2007 02:56:47 GMT

I called hooters and they said my application is still pending

Re: RESULTS

Anonymous — Wed, 17 Oct 2007 03:00:33 GMT

ashabbir1 wrote:

I called hooters and they said my application is still pending

Well at least its not a decline. I have heard similar stories that were followed up by an approval. Even a customer that was told they were declined but received a card shortly thereafter. I wouldn't stress it til I got a letter in the mail.

Re: RESULTS

Anonymous — Wed, 17 Oct 2007 03:01:30 GMT

Thanks Brammy. I like your encouragement.

Thanks again.