topic Re: Barclays is Not so EASY - or they hate me in Credit Cards

Barclays is Not so EASY - or they hate me

laboi_22 — Wed, 17 Oct 2012 01:02:26 GMT

I applied for the Ring in order to get the 8% for the holidays at least until my Christmas club check comes in I'd like to start holiday shopping now--pay later. They declined me. My scores listed below are pretty recent. Never any baddies ever. UTL is 7%. I called to recon and was told that I was declined based on the fact that my AAOA was only 3 years and I opened 4 new accounts this year. I pleaded with them--no go.

I then gently called back, asked for a supervisor. She came on and she reviewed my application. She said we just simply need to see more history. I asked her to take my non-revolving history into consideration since I only got credit cards after purchasing my home of many years because of what the broker advised later in life. She said no even though I've been paying on a home loan and car note without any lates ever that did not help with their decision process. I explained that I had an AMEX (more than one), several lenders. I also had an explanation for the recent accounts--store cards for 0% interest ie Lowes for appliances. NO GO.

I'm a little baffled because I always hear success stories about recon with Barclays and people getting approved with baddies, little to no history, etc. I mentioned that to her and she said don't trust anything anyone tells you. I told her that I applied in past with them and was declined. It seems based on my socioeconomic status or other factors including zip code Barclays does not like me. She said nonsense. Either way I left the conversation with a big fat NO. I think I had some good arguments, but in the end she wouldn't budge. Oh well. I didn't need them. Called Discover who lowered my APR and gave me an offer for 6 months 0% interest. Love me some DISCOVER!! You can always count on them!

Re: Barclays is Not so EASY - or they hate me

Andy77 — Wed, 17 Oct 2012 01:06:30 GMT

You don't want a Barclays card...nothing but headaches...had mine from Dec 2011 to today

Started with 1700 CL, they increase 9 months later to 3500...thats fine and dandy but....

I started making larger payments 900 at a time every 4 or so days and they held (3) consecutive payments for 5 days each. I could not use my card at all and they would not remove the holds.

I have spent 60k with Amex over the years and 15k with Citi, never a single payment hold on any credit card I have had in my life other then with Barclays. I hate them now. You are not loosing anything by them declining you.

I threw my card in my sock drawer

Re: Barclays is Not so EASY - or they hate me

navigatethis12 — Wed, 17 Oct 2012 01:17:15 GMT

That is odd. I had less than two years of revolving history (two store cards) and was able to get it, despite Barclays being the last card that I opened after opening several accounts. I told them it was just me establishing credit and they were fine with it. You can always try again in a few days.

Re: Barclays is Not so EASY - or they hate me

migliogiorni — Wed, 17 Oct 2012 01:20:38 GMT

that is odd, I've heard nothing but praises for Barclay's recons...

Re: Barclays is Not so EASY - or they hate me

Anonymous — Wed, 17 Oct 2012 01:30:45 GMT

That's strange they wouldn't approve you. After being denied by Discover and Chase it was Barclays who approved me.

Re: Barclays is Not so EASY - or they hate me

Epcot — Wed, 17 Oct 2012 01:32:36 GMT

Sorry to hear about Barclays. But glad Discover showed some love.

Re: Barclays is Not so EASY - or they hate me

laboi_22 — Wed, 17 Oct 2012 01:33:25 GMT

I know. I should have been approved. They have to be basing it on my zip code or some unknow (and undisclosed) reason other than those given.

Re: Barclays is Not so EASY - or they hate me

toppers555 — Wed, 17 Oct 2012 02:01:21 GMT

I can see how 4 brand new credit lines this year alone could be a toss up especially if they all were very recent but, then again you have soild scores.

Re: Barclays is Not so EASY - or they hate me

laboi_22 — Wed, 17 Oct 2012 02:57:15 GMT

Well it's not based on scores alone obviously. She acknowledged my stellar scores. Still a no go.

Re: Barclays is Not so EASY - or they hate me

Anonymous — Wed, 17 Oct 2012 03:30:34 GMT

The four new accounts may have factored into it a bit, Barclays can be hyper sensitive to new accounts prior to or directly after apping with them it seems

Sorry you didn't get approved, they hate me too so you are in good company!

Other lenders in the sea.

Re: Barclays is Not so EASY - or they hate me

youngandcreditwrthy — Wed, 17 Oct 2012 05:40:47 GMT

Sorry to hear this; however, barclay's seems hypersensitive at the op mentions to new accts. I like them so far but who knows.... All recons are a ymmv situation!

Re: Barclays is Not so EASY - or they hate me

Creditaddict — Wed, 17 Oct 2012 05:41:17 GMT

@laboi_22 wrote:
I applied for the Ring in order to get the 8% for the holidays at least until my Christmas club check comes in I'd like to start holiday shopping now--pay later. They declined me. My scores listed below are pretty recent. Never any baddies ever. UTL is 7%. I called to recon and was told that I was declined based on the fact that my AAOA was only 3 years and I opened 4 new accounts this year. I pleaded with them--no go.

I then gently called back, asked for a supervisor. She came on and she reviewed my application. She said we just simply need to see more history. I asked her to take my non-revolving history into consideration since I only got credit cards after purchasing my home of many years because of what the broker advised later in life. She said no even though I've been paying on a home loan and car note without any lates ever that did not help with their decision process. I explained that I had an AMEX (more than one), several lenders. I also had an explanation for the recent accounts--store cards for 0% interest ie Lowes for appliances. NO GO.

I'm a little baffled because I always hear success stories about recon with Barclays and people getting approved with baddies, little to no history, etc. I mentioned that to her and she said don't trust anything anyone tells you. I told her that I applied in past with them and was declined. It seems based on my socioeconomic status or other factors including zip code Barclays does not like me. She said nonsense. Either way I left the conversation with a big fat NO. I think I had some good arguments, but in the end she wouldn't budge. Oh well. I didn't need them. Called Discover who lowered my APR and gave me an offer for 6 months 0% interest. Love me some DISCOVER!! You can always count on them!

I'm sorry you need to call in at a completely different time of day or night and try again... These 2 people seem to need to walk outside and check what bank is written at the top of the building because you have what 8 cards over $1k and several over $5 and $10k... I am proud of the work I have done and decent scores going into the APP for 3 or 4th time for my apple card but someone with no BK, has a mortgage, car, and all those higher and some high limit credit cards and no go because of 4 years history... Hi, what about my 2 year history FROM BK.... no BK vs. BK...

ugh it makes me want to scream... so I then say, you want Barclay for 8% Xmas shopping, WHY!!! Go get 0% and F off some Barclay 8%!

Re: Barclays is Not so EASY - or they hate me

Shogun — Wed, 17 Oct 2012 05:44:25 GMT

I too would have thought that you would have been approved, but then again, nothing is for certain in the world of credit.

Re: Barclays is Not so EASY - or they hate me

laboi_22 — Wed, 17 Oct 2012 11:13:40 GMT

Yeah at first I was upset. Not because I didn't get approved. That's really not the problem. I don't care if I ever get a Barclays. I was upset because I actually do a really good job managing my finances and my credit and should have been approved. Now I'm like whatever Barclays. I can do much better lol. Even the manager said you do seem credit savvy but we just can't. We need to see more history on the new accounts. There was no arguing with her anymore.

Re: Barclays is Not so EASY - or they hate me

ednajen — Wed, 17 Oct 2012 13:53:02 GMT

I feel your pain. They denied me too...I wanted to get their us air card for the bonus miles and rewards. I called in to recon because of what I gathered from the boards. He said my scores were fine, but I had one medical collection on my report. I told him that there is a dispute with that, and I had four originally that were just removed and I was willing to fax him a letter proving that would be removed soon , but they said call back when it's removed to be reevaluated.

I was able to get an Amex Zync last month and received a pre-approval for the Gold. I've got my eye on the Delta Amex now...I don't think I will call them back...but I did take the HP

Re: Barclays is Not so EASY - or they hate me

JonStur — Thu, 18 Oct 2012 11:14:07 GMT

@laboi_22 wrote:
Yeah at first I was upset. Not because I didn't get approved. That's really not the problem. I don't care if I ever get a Barclays. I was upset because I actually do a really good job managing my finances and my credit and should have been approved. Now I'm like whatever Barclays. I can do much better lol. Even the manager said you do seem credit savvy but we just can't. We need to see more history on the new accounts. There was no arguing with her anymore.

Barclays has and will always be sensitive to inqs and new accts at least 6 months before and after you app with them. It's just the way they configure their risk assessment. It's just the way they do business and I wouldn't take it personally.

Re: Barclays is Not so EASY - or they hate me

Creditaddict — Thu, 18 Oct 2012 15:57:00 GMT

@JonStur wrote:
@laboi_22 wrote:
Yeah at first I was upset. Not because I didn't get approved. That's really not the problem. I don't care if I ever get a Barclays. I was upset because I actually do a really good job managing my finances and my credit and should have been approved. Now I'm like whatever Barclays. I can do much better lol. Even the manager said you do seem credit savvy but we just can't. We need to see more history on the new accounts. There was no arguing with her anymore.
Barclays has and will always be sensitive to inqs and new accts at least 6 months before and after you app with them. It's just the way they configure their risk assessment. It's just the way they do business and I wouldn't take it personally.

1. I think the 6 months after and to many more apps and new accounts being opened is over rated... I had no issues, many others have said but it's true most even me remember the bad posts for products that we have especially when you "meaning me" are doing what all bad posts have talked about... wonder when that closed letter will come!

2. Being declined by Barclay with anything in the 700's with NO BADDIES is VERY Personal!!! - How can it not be, OP sees posts daily of low 600's "even lower sometimes" get approved with collections, Bankruptcy's, etc. as long as they conform into the 2 things that got OP denied (newer accounts, and INQ's) but again to my earlier statement, an underwriter should realize the difference for a "new" credit file and new manner of control on accounts since a BK or last collections and the difference of someone building new relationships after houses purchases, etc....

Re: Barclays is Not so EASY - or they hate me

navigatethis12 — Thu, 18 Oct 2012 16:30:43 GMT

@Creditaddict wrote:
1. I think the 6 months after and to many more apps and new accounts being opened is over rated... I had no issues, many others have said but it's true most even me remember the bad posts for products that we have especially when you "meaning me" are doing what all bad posts have talked about... wonder when that closed letter will come!
2. Being declined by Barclay with anything in the 700's with NO BADDIES is VERY Personal!!! - How can it not be, OP sees posts daily of low 600's "even lower sometimes" get approved with collections, Bankruptcy's, etc. as long as they conform into the 2 things that got OP denied (newer accounts, and INQ's) but again to my earlier statement, an underwriter should realize the difference for a "new" credit file and new manner of control on accounts since a BK or last collections and the difference of someone building new relationships after houses purchases, etc....

For me new accounts and inquiries did not seem to matter. I got an increase and have heard nothing of them shutting down the account. I think they mostly watch people who have had bad credit in the past, since they could repeat the negative history.

I admit that seeing someone just out of bankruptcy a year ago get a 10000 line with someone I got a lower line for with no negatives does sting a little. However, it should still not be taken personally. The analysts at Barclays do not know any of us, and if they did they would not be allowed to proceed with the conversation. They are just making a decision based on things on a credit report and their experience with people with similar files.

Some people on here say they get denied for inquiries, while I have had no trouble with inquries being a reason and I believe I have about 17 on all three. It really is different for different people and getting stuck on it does not make it better( I know, I have tried). The only thing to do is just move on to another lender and come back in the future if you still want a card with them.

Re: Barclays is Not so EASY - or they hate me

compassion101 — Thu, 18 Oct 2012 18:32:05 GMT

Yeah, I guess they are just new account sensitive. Every company has their own risk assesment team and I guess that's the pet peeve of theirs.

Just curious, what is your christmas club? Is it one of those savings with no interest type deals or do you get something more out of it? I always hear about them and wonder what the attraction for them is.

Re: Barclays is Not so EASY - or they hate me

Anonymous — Fri, 19 Oct 2012 04:15:56 GMT

Sorry to hear. I think you should try one more time for recon. However I think its the new accounts hurting you. Are any of them reporting balances? Typically Barclay's recon success is with the Barclay card or apple card which carries a rather high apr. I have seen much of a ring card recon success. Let us know if you try again.