topic Re: Turned down from Citi Bank in Credit Cards

Turned down from Citi Bank

Brian_Trying_700 — Thu, 15 Sep 2011 01:46:47 GMT

I applied for a Citi Platinum Select MasterCard and got turned down. Here is the reason. " A delinquent credit obligation(s), either paid
or unpaid, was recorded on your credit bureau report." I have a 645 C.S with 3 credit cards and a car loan I pay all in full each month. I don't get it. ?

Re: Turned down from Citi Bank

Anonymous — Thu, 15 Sep 2011 01:49:17 GMT

Get your reports from annual credit report and look for any negatives -- in your case, a delinquent account or CO.

Re: Turned down from Citi Bank

Brian_Trying_700 — Thu, 15 Sep 2011 01:50:09 GMT

Any help would be great.

Re: Turned down from Citi Bank

Anonymous — Thu, 15 Sep 2011 01:54:27 GMT

I agree, find out what they are talking about and get it fixed. This site will help you! I just got a citicard (thank you) with my beginning scores. But obviously, they take many factors into consideration. You will get there!

Re: Turned down from Citi Bank

Anonymous — Thu, 15 Sep 2011 01:55:49 GMT

Also, you probably won't get many responses within the first 4 minutes of starting a thread.

Re: Turned down from Citi Bank

Brian_Trying_700 — Thu, 15 Sep 2011 01:55:58 GMT

I had 2 60 days late from Macy's from 4 years ago when I lost my job. Other then that, I had no other credit history because I usually use cash. I did call Macy'sto get a letter stating Im a great customer and Have been paying my bills on time. I guess good faith letter. How do I send it to the big 3 ?

Re: Turned down from Citi Bank

MarineVietVet — Thu, 15 Sep 2011 01:57:27 GMT

@Brian_Trying_700 wrote:
I applied for a Citi Platinum Select MasterCard and got turned down. Here is the reason. " A delinquent credit obligation(s), either paid
or unpaid, was recorded on your credit bureau report." I have a 645 C.S with 3 credit cards and a car loan I pay all in full each month. I don't get it. ?

Welcome to myFICO.

I agree that you need to check all 3 of your free reports you can get at annualcreditreport.com. Make sure there are no errors on any of them. One or perhaps all of them might have the details of what delinquency is mentioned in the denial letter.

ETA: Looks like I typed too slow!

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: Turned down from Citi Bank

Anonymous — Thu, 15 Sep 2011 02:00:04 GMT

@Brian_Trying_700 wrote:
I had 2 60 days late from Macy's from 4 years ago when I lost my job. Other then that, I had no other credit history because I usually use cash. I did call Macy'sto get a letter stating Im a great customer and Have been paying my bills on time. I guess good faith letter. How do I send it to the big 3 ?

With a little searching you can find fax numbers and email addresses. Several people have had luck with GEMB (Macy's) lately. Try sending one of them a PM and ask if they will give you the contact info that they used.

Re: Turned down from Citi Bank

Brian_Trying_700 — Thu, 15 Sep 2011 02:01:49 GMT

By the way. I own my own company (6 yrs ) 100k+ and have no debt besides my car which is $17K, I financed it in April. The car cost a total of 26k. The reason I bought it was to show the banks that I am reliable.

Re: Turned down from Citi Bank

Anonymous — Thu, 15 Sep 2011 02:09:10 GMT

@Brian_Trying_700 wrote:
By the way. I own my own company (6 yrs ) 100k+ and have no debt besides my car which is $17K, I financed it in April. The car cost a total of 26k. The reason I bought it was to show the banks that I am reliable.

Not to sound mean, but if your only history is 2 60 day lates and a car payment that you've been paying on time (presumably) for only 5 months, you still don't look too great to lenders. Lenders typically like to see a decent length of history, few lates (none at all is better, obviously), low utilization of credit, no history of BK, etc. Sure it's nice that you make $100k+, and yes lenders surely look at your income as a sign of ability to pay, but another major concern for them is if you'll pay.

You may want to post a little more detail about your credit history and maybe the members here can point you in a good direction for CCs you can get approved for.

Re: Turned down from Citi Bank

Brian_Trying_700 — Thu, 15 Sep 2011 02:24:17 GMT

Thank you all for the input. 8 months Orchard Bank $300 limit. 2 years Capital One $750. 4 years 1st Credit Card Macy's $100.

Re: Turned down from Citi Bank

Brian_Trying_700 — Thu, 15 Sep 2011 02:25:25 GMT

I pulled the Fico last month.

Re: Turned down from Citi Bank

Brian_Trying_700 — Thu, 15 Sep 2011 02:52:22 GMT

What other cards should I try for. Any Amex ?

Re: Turned down from Citi Bank

flyingmd — Thu, 15 Sep 2011 03:01:51 GMT

Have you called the backdoor and asked for a recon? You have nothing to loose. I was initially delined last month for the Executive World Elite MC due to too many inquiries. I called the backdoor after reading this forum and a few questions and 3 minutes later I was approved with a substantial CL (22K) (I am convinced thhat they looked at my other CL on my CR and gave me a CL in line with those) - Since they already pulled your cr you have nothing to loose by asking for a recon. Just call tommorrow during business hours. The number is on this list.

Re: Turned down from Citi Bank

Brian_Trying_700 — Thu, 15 Sep 2011 04:38:45 GMT

Thanks Fly. I was planning on it. Would you happen to have the # ?

Re: Turned down from Citi Bank

Anonymous — Thu, 15 Sep 2011 06:54:00 GMT

@Brian_Trying_700 wrote:
Thanks Fly. I was planning on it. Would you happen to have the # ?

There's a list of backdoor numbers stickied on these forums.

Re: Turned down from Citi Bank

flyingmd — Thu, 15 Sep 2011 10:10:58 GMT

I used 888-201-4523. Make sure you ask for a senior credit analyst. They have the power to make a decision on the spot. Good Luck

Re: Turned down from Citi Bank

Brian_Trying_700 — Thu, 15 Sep 2011 20:43:52 GMT

Thanks again for all your help. So I called them and said to fax a updated credit report with the Macys late payment deleted. I have a good faith letter from Macys stating I have never missed a payment in 4 years. How can I get this negative off my report ?

Re: Turned down from Citi Bank

Anonymous — Thu, 15 Sep 2011 20:54:45 GMT

There's a lot of related information available on these forums.

http://ficoforums.myfico.com/t5/General-Credit-Topics/Goodwill-Primer/m-p/9424

Re: Turned down from Citi Bank

Switch2007 — Thu, 15 Sep 2011 21:09:59 GMT

@Brian_Trying_700 wrote:
Thanks again for all your help. So I called them and said to fax a updated credit report with the Macys late payment deleted. I have a good faith letter from Macys stating I have never missed a payment in 4 years. How can I get this negative off my report ?

I think you would do better with talking to Macy's about deleting it completely rather than getting them to write a good faith letter. If Macy's feels like you're a great customer, maybe they'll be more than happy to remove the late payments. Citi has pretty strict guidelines on lates and such, so it may not be to your benefit to go with them with those baddies on your report. Have you tried Chase Freedom? Or B of A Rewards? Before going on an app spree, you can check some pre-approval sites, I've found them to be pretty accurate from what I've read on the forums. (Amex has one on their site, and can let you know whether or not they have any offers for you). Your overall credit file seems pretty thin though.