topic Re: Declined by CCCU.... in Credit Cards

Declined by CCCU....

Anonymous — Mon, 06 Aug 2007 21:50:06 GMT

what a strike to my fico scores ego....and its not even because of EX EQ TU, its because of ChexSystems...looks like i'm going to have to go clean this one out too, i just ordered a report from there, and most likely its a bank that i paid what i owed but they didn't report it...*sigh* oh well

Re: Declined by CCCU....

Anonymous — Mon, 06 Aug 2007 22:02:20 GMT

Sorry for the denial. I'm waiting to get the scores just to apply. LOL!

Re: Declined by CCCU....

golfmomfor3 — Mon, 06 Aug 2007 23:14:52 GMT

Chex Systems is a toughy! Had one 5 years ago that just dropped off - been waiting a long time. U S Bank did not give a hard time with this and retained us - it was an employee credit union that reported due to some overdrafts - did not even have an unpaid balance with the bank - covered the overdraft immediately upon notice.

I think I did appeal to Credit Union and Chex Systems at one time and just resigned to wait it out.

Re: Declined by CCCU....

Jacque383 — Tue, 07 Aug 2007 00:21:18 GMT

What is ChexSystems? Is that a bounced check thing with banks or is it criminal type of history?

Is that something that credit cards use in order to obtain or deny credit cards?

Probably a silly question, but I've never heard of them.

Re: Declined by CCCU....

Anonymous — Tue, 07 Aug 2007 00:32:59 GMT

Yes they keep data on how you handle your checking account, more importantly if you bounce a lot of checks or leave owing the bank on a checking account. It can be very hard to get a checking account if they have outstanding information on you. A friend of mine (Katrina victim) unknowingly had checks that bounced just after the storm. She didn't learn about them until she moved here and tried to set up an account - DENIED. She couldn't get a bank account anywhere until all arrears were paid in full.

Re: Declined by CCCU....

Anonymous — Tue, 07 Aug 2007 03:20:57 GMT

I don't understand...what has Chexsystems got to do with a credit card?

Re: Declined by CCCU....

Bruiser — Tue, 07 Aug 2007 04:01:23 GMT

It has to do with banks. And you're obtaining credit from a bank. So they run a check on there to determine if you've been shady with banks.

I had a baddy on chex systems that caused me to get denied for an auto loan last year. So it's a big thing and you want to check it out.

Request a free report of your chex systems @ http://www.chexhelp.com/

It took about 10 days to get mine.

Re: Declined by CCCU....

OMW2_HighAcheiver — Tue, 07 Aug 2007 06:29:49 GMT

the same thing happened with me with CCCU, but i have opened a BofA and a Wells Fargo checking and savings account. what's up with that???? my understanding is that CCCU also wants you to open an account with them.......whateva!!

Re: Declined by CCCU....

Anonymous — Tue, 07 Aug 2007 07:14:00 GMT

Does Chex Systems affect your credit report / FICO in any way?

Re: Declined by CCCU....

Anonymous — Tue, 07 Aug 2007 10:39:23 GMT

I'm confused. Are we saying that CCCU checks something else besides your FICO score? Are there any other CC that check anything else besides FICO?

Re: Declined by CCCU....

Anonymous — Tue, 07 Aug 2007 11:41:56 GMT

Im still waiting.......................Waiting.....................Waiting.................

Re: Declined by CCCU....

Anonymous — Wed, 08 Aug 2007 00:01:29 GMT

my guess is because it is a credit union, typically you have to be a member to apply and be eligible for any services first...when they tried to open your account, that is when chex systems is run.

Re: Declined by CCCU....

Anonymous — Wed, 08 Aug 2007 18:40:17 GMT

Found out that I was declined today. Ex score 595. Reason for denial was too many recent collections. (I only have one from 2005). They were nice and said try again when report is cleaned up a little more. (Edited--they did not pull EQ, they pulled ex. Sorry about typo.)

Message Edited by egg on 08-08-2007 11:40 AM

Re: Declined by CCCU....

Anonymous — Wed, 08 Aug 2007 02:17:51 GMT

egg wrote:
Found out that I was declined today. Eq score 595. Reason for denial was too many recent collections. (I only have one from 2005). They were nice and said try again when report is cleaned up a little more.

Sorry about that...

Re: Declined by CCCU....

Anonymous — Wed, 08 Aug 2007 02:38:19 GMT

egg,

Can you tell me how long did it take for someone to call you? Seems like they are running about 2 weeks for the process.

Thanks

Hoc

Re: Declined by CCCU....

Anonymous — Wed, 08 Aug 2007 03:46:23 GMT

I e-mailed after 3 days and they told me to be patient, they had a large volume of apps to process. I e-mailed again today (2 weeks exactly) and Terri called back within an hour with results.

Re: Declined by CCCU....

golfmomfor3 — Wed, 08 Aug 2007 14:24:55 GMT

I thought CCCU pulled from EX?

Re: Declined by CCCU....

Anonymous — Wed, 08 Aug 2007 17:03:07 GMT

Thanks egg for the info.

Hoc

Re: Declined by CCCU....

Anonymous — Wed, 08 Aug 2007 18:42:38 GMT

I applied over the weekend and still have not hear anything, but they did pull an inq from Ex, which has my worst score, 628.

Re: Declined by CCCU....

Anonymous — Wed, 08 Aug 2007 19:08:15 GMT

Just applied for the cccu credit will keep you posted EX 685 and TU 620