topic Re: Is CCCU tightening its approval process? in Credit Cards

Is CCCU tightening its approval process?

Anonymous — Wed, 24 Oct 2007 19:36:05 GMT

I had submitted with CCCU about 3-4 months ago and was initially declined with a FICO score of 602....however, they told me if I cleaned a few things up to go ahead and resubmit for a likely approval. I did so and resubmitted at the beginning of this month with a score of 651 and was turned down once again. When inquiring about this, they told me since I hadn't had a credit card in quite a while and only acquired Orchard and Capital One within the past year....they would need more recent history to review. I was offered a secured card, but I think I will pass as I know have Hooters, Orchard, SeaMiles, CapOne, and American Express Blue (total CL of almost $5000).....this should be enough to last me a while (with a few CLI during the months to come). Anyone else sense them getting a little tougher in recent months?

Re: Is CCCU tightening its approval process?

Anonymous — Wed, 24 Oct 2007 22:42:18 GMT

@Anonymous wrote:
they told me since I hadn't had a credit card in quite a while and only acquired Orchard and Capital One within the past year....they would need more recent history to review.

that is not good news for me. i have no credit cards other than a couple of store cards on my credit report. the rest are all secured type loans (auto loans, toolbox stuff of that nature). i do have relatively good fico scores so maybe that might be a huge factor?

EQ 778
EX 750
TU 711

i wonder if i should just call and cancel the application since they haven't contacted me yet due to being backed up.

Re: Is CCCU tightening its approval process?

Anonymous — Thu, 25 Oct 2007 04:19:27 GMT

You took the INQ - IMO- Your score out weights any lack of bankcards.

@Anonymous wrote:
@Anonymous wrote:
they told me since I hadn't had a credit card in quite a while and only acquired Orchard and Capital One within the past year....they would need more recent history to review.

that is not good news for me. i have no credit cards other than a couple of store cards on my credit report. the rest are all secured type loans (auto loans, toolbox stuff of that nature). i do have relatively good fico scores so maybe that might be a huge factor?

EQ 778
EX 750
TU 711

i wonder if i should just call and cancel the application since they haven't contacted me yet due to being backed up.