topic Re: Interesting Denial Letter in Credit Cards

Interesting Denial Letter

DanielF — Mon, 02 Jan 2012 01:59:25 GMT

Applied for Dillards around X-Mas and got a denial letter. Wasn't too suprised being it was at the end of an app spree and the INQ's were getting high. What was interesting was that when I got the letter, they said they pulled TU and EXP and my score was 010 on a scale of 0-900 lol. When I looked at my reports, only TU was pulled. Not sure how they compute this score, but my TU score is about 645. Just curious if anyone else had issues similar.

Re: Interesting Denial Letter

LS2982 — Mon, 02 Jan 2012 02:05:13 GMT

@DanielF wrote:
Applied for Dillards around X-Mas and got a denial letter. Wasn't too suprised being it was at the end of an app spree and the INQ's were getting high. What was interesting was that when I got the letter, they said they pulled TU and EXP and my score was 010 on a scale of 0-900 lol. When I looked at my reports, only TU was pulled. Not sure how they compute this score, but my TU score is about 645. Just curious if anyone else had issues similar.

What reasons did they give you for denial?? The score they gave is not a FICO but their own scoring model. Sounds like they might not have been able to access that report.

Re: Interesting Denial Letter

pizzadude — Mon, 02 Jan 2012 02:12:45 GMT

Wow, that's harsh ~ even FICO gives the bottom of the barrel a 350 score.

Seriously though, something is messed up on their side no doubt. It might be worth are a call to see If you can at least get an idea on why they think your score is in the basement.....

Re: Interesting Denial Letter

LS2982 — Mon, 02 Jan 2012 02:14:50 GMT

@pizzadude wrote:
Wow, that's harsh ~ even FICO gives the bottom of the barrel a 350 score.

Seriously though, something is messed up on their side no doubt. It might be worth are a call to see If you can at least get an idea on why they think your score is in the basement.....

I really trhink they couldn't access that file. He should call and speak to a CSR and maybe recon it.

Re: Interesting Denial Letter

DanielF — Mon, 02 Jan 2012 02:16:07 GMT

The reasons were across the board..... lack of retail credit (have several including Macys for 17 years), balances too high as opposed to their cl's. Utilization is about 33%, too many recently opened accounts in last six months. That one is true lol.. I thought about them not having access to the report but I've never had a problem with that before and I didn't freeze it. I check it daily with truecredit and occasionally update here so i can have the real FICO score.

Re: Interesting Denial Letter

LS2982 — Mon, 02 Jan 2012 02:17:07 GMT

@DanielF wrote:
The reasons were across the board..... lack of retail credit (have several including Macys for 17 years), balances too high as opposed to their cl's. Utilization is about 33%, too many recently opened accounts in last six months. That one is true lol.. I thought about them not having access to the report but I've never had a problem with that before and I didn't freeze it. I check it daily with truecredit and occasionally update here so i can have the real FICO score.

Do a recon. How recent are the INQ's??

Re: Interesting Denial Letter

pizzadude — Mon, 02 Jan 2012 02:22:46 GMT

I agree that a recon is in order.....Give them a call and let us know how it goes......good luck !

Re: Interesting Denial Letter

Ron1 — Mon, 02 Jan 2012 02:23:05 GMT

No, I applied for Dillards Amex around Christmas and I got approved. They sent me TU score with the card. The score was printed on the back of card mailer. The score was 766 as of Dec 10 2011. They might have problem to pull your credit report. By the way, I didn't get any instant approval. I have to call to answer ID question before I got approved.

Ron.

Re: Interesting Denial Letter

Ron1 — Mon, 02 Jan 2012 02:24:59 GMT

@pizzadude wrote:
I agree that a recon is in order.....Give them a call and let us know how it goes......good luck !

I don't think they do any recon. I tried it before. Everything was final on their automated approval system. They will tell you to try after 30 days.

Ron.

Re: Interesting Denial Letter

LS2982 — Mon, 02 Jan 2012 02:25:12 GMT

Keep us posted with your recon!

Re: Interesting Denial Letter

DanielF — Mon, 02 Jan 2012 02:31:40 GMT

I called tonight for the heck of it and was told to call back during normal business hours as they don't have access to the credit scores. Its a holiday so ill give them the benefit of the doubt. I really don't need the card, my wife wants it which is rather scary in and of itself LOL. Anyways thanks for the advice, Ill let you know how the phone convesation goes tommorrow.

Re: Interesting Denial Letter

LS2982 — Mon, 02 Jan 2012 02:40:45 GMT

@DanielF wrote:
I called tonight for the heck of it and was told to call back during normal business hours as they don't have access to the credit scores. Its a holiday so ill give them the benefit of the doubt. I really don't need the card, my wife wants it which is rather scary in and of itself LOL. Anyways thanks for the advice, Ill let you know how the phone convesation goes tommorrow.

Well...........you could just show her the letter

Re: Interesting Denial Letter

DanielF — Mon, 02 Jan 2012 02:44:43 GMT

Thats probably the safer alternative lol

Re: Interesting Denial Letter

sdoonan — Mon, 02 Jan 2012 03:06:12 GMT

@DanielF wrote:
Thats probably the safer alternative lol

+1!