topic Re: Totally Unsucessful Applications - Help! in Credit Cards

Totally Unsucessful Applications - Help!

alexak — Tue, 04 Dec 2012 19:29:16 GMT

So, after paying down balances and a few baddies falling off, I felt confident enough to apply for two cards I though I would get approved for.

Patelco CU Classic Visa (I am a member, living in CA)

Citi Forward Student

I was told by Citi that my application was recieved and being reviewed. I called the New App Status line and was told I was denied. So I stayed on the line to talk to a rep. She told me there was not yet a reason for my denial and said to wait for a letter. Is there another number I could try?

I was also denied by Patelco, who I already have a checkings and savings account with. Is there a backdoor number for them? I didnt see one on the list.

Scores are recent in my sig. Last derog was over a year ago (Sept 2011), AoAA 2.2 years, oldest account is 5.1 years old. Util at 27%

Clarification: No collections, couple 30 days late, one 90 days late (jun 2011) due to cut hours at work.

4 inquiries in past year, last one in June 2012

I am an AU on moms BOA card ($5200/$19900) and the other three of my cards have small balances on them.

Help? Slightly Frustrated.

Re: Totally Unsucessful Applications - Help!

djrez4 — Tue, 04 Dec 2012 18:44:11 GMT

I'm guessing you were denied because:

- utilization too high

- delinquency to recent

- not enough revolving credit

Any chance for Recon? I cant figure out which number to c...

alexak — Tue, 04 Dec 2012 18:48:45 GMT

Any chance for Recon? I cant figure out which number to call thats listed on the backdoor thread.

Should I have my mom take me off of her account?

Re: Totally Unsucessful Applications - Help!

tennisfan78 — Tue, 04 Dec 2012 18:49:42 GMT

My be it is better to start with a secured credit card. Give it some time(usually one year) to get it unsecured. That will help you in the long run IMO

Re: Any chance for Recon? I cant figure out which number to c...

djrez4 — Tue, 04 Dec 2012 18:53:20 GMT

@alexak wrote:
Any chance for Recon? I cant figure out which number to call thats listed on the backdoor thread.

Should I have my mom take me off of her account?

Citi recon is 800-695-5171/800-763-9795.

For your local credit union, things are a bit more personal. Call your branch and speak to a banker.

Re: Totally Unsucessful Applications - Help!

alexak — Tue, 04 Dec 2012 18:53:49 GMT

I already have three cards that are unsecured. Not sure how getting a secured card would help me now, besides increasing my available credit.

I may just have my mom take me off of her card, that may actually hurt me more than help me. :/

Re: Any chance for Recon? I cant figure out which number to c...

distantarray — Tue, 04 Dec 2012 18:54:37 GMT

general rule of thumb, never apply with more than 10% debt ratio, also Citi uses their own internal systems and doesn't rely on Fico since they give a credit score based from 350 - 900 if I remember correctly when I got approved for my Forward.

They could or could not count AU's. and Sept 2011 is still too new for a delinquency imo.

So just like it was already stated above, and you can always try to recon but I would probably say it won't be successful but then I've been wrong before =) doesn't hurt to ask

Re: Any chance for Recon? I cant figure out which number to c...

alexak — Tue, 04 Dec 2012 18:58:05 GMT

Thanks for the advice!

My util is around 10-15% without my moms card, so I may just have her take me off. not sure yet though because the age is helping my AoAA.

I will try to recon both later today/ tomorrow. Doesnt hurt I guess since the HP has already hit.

Re: Any chance for Recon? I cant figure out which number to c...

flowfaster — Tue, 04 Dec 2012 18:59:13 GMT

This is totally off topic but I just had to say I HAAAAAAAAAAAAAAAAAATE PATELCO! I am still a member though.

Thats all carry on.

Re: Any chance for Recon? I cant figure out which number to c...

distantarray — Tue, 04 Dec 2012 19:01:55 GMT

@alexak wrote:
Thanks for the advice!

My util is around 10-15% without my moms card, so I may just have her take me off. not sure yet though because the age is helping my AoAA.

I will try to recon both later today/ tomorrow. Doesnt hurt I guess since the HP has already hit.

it's probably helping you a lot more, but you should focus on getting your current credit limits higher first. Remember Citi Forward is considered a Prime card that requires Excellent credit. I doubt many companies would approve you from a personal CL max of $300's to several thousands overnight. If those are secured cards keep adding balances to it, try to keep your reporting utility to 2% on only 1 card, everything else at 0% is a trick that makes Fico scores happy.

but don't remove your mom's account imo. Just keep feeding your secured cards (i'm assuming they are) and when your mom pays down her cards, or you can feed your secured cards enough to overwhelm her debt you'll be in good territory.

Re: Any chance for Recon? I cant figure out which number to c...

alexak — Tue, 04 Dec 2012 19:07:43 GMT

@alexak wrote:
Thanks for the advice!

My util is around 10-15% without my moms card, so I may just have her take me off. not sure yet though because the age is helping my AoAA.

I will try to recon both later today/ tomorrow. Doesnt hurt I guess since the HP has already hit.

-------------------------------------------------------------------------------------------------------------------

I would love to just stick to my cards but... with cap 1 and orchard. they wont move. Cap1 i get my credit steps CLI in Jan i believe. My VS i'll ask for a CLI in a couple of months. None of them are secured either. I applied for the student card because I am a student, figuring they may be a bit more lenient... guess not!

Re: Totally Unsucessful Applications - Help!

alexak — Tue, 04 Dec 2012 19:25:34 GMT

Updated some information for clarity. See 1st post.

Re: Totally Unsucessful Applications - Help!

Anonymous — Tue, 04 Dec 2012 19:40:40 GMT

How long have you had your current cards?

I do know that as mentioned Citi is considered prime lender.

Re: Totally Unsucessful Applications - Help!

alexak — Tue, 04 Dec 2012 19:49:18 GMT

Orchard will be a year old in January, Cap 1 is 6 months old and VS (opened via SP) is about 2 months old. I have two closed cards paid off (the ones with the lates): BofA was my first card (oct 2007) with a limit of 1500 and then cap 1 was opened in 2010 witha $300 limit. I was stupid and knew nothing about credit so I closed them and paid them off that way.

Im thinking about applying for Discover More in January after I pay all of my balances off so all that reporting is my moms card with a balance. I used their pre-approval thing on their website and they said that the More is a match to me... so well see.

Re: Totally Unsucessful Applications - Help!

Anonymous — Tue, 04 Dec 2012 20:02:32 GMT

I wouldn't get too excited about that Discover preapproval. They also "matched" me with the Discover More, and my scores are 50-100pts lower than yours! Lol. But you are more than to get that over any Citi card.

Re: Totally Unsucessful Applications - Help!

bluesnowman — Tue, 04 Dec 2012 20:50:33 GMT

Alex, you need to be careful when you apply and make sure you have things in order. I applied for the Citi Forward (I cannot tell if it a student or regular card, but they never asked my for enrollment or any student ID, so idk.) and I ended up getting accepted. Just make sure your utilization is low (dont carry more then 10% unless you know you are going to pay it off soon. CC and lenders HATE HATE seeing large balances, because there is always the potential chance that things can go wrong and you are not able to pay them.) I don't know about considering it a prime card though. Also, I PIF every month before the statement cuts (just pay it a few days before the statement cuts) and keep doing it for 6 months. Then if all looks well and you dont have any other delequencies then apply (check your fico's before applying, Citi usually pulls EX). Discover pulled TU in my area, but you have a better shot with Discover then with Citi. Good luck!

Re: Totally Unsucessful Applications - Help!

Anonymous — Tue, 04 Dec 2012 23:22:43 GMT

You have 30 and 90 day lates reporting and your apping for a prime card. I would GW the lates to try and get them removed

Re: Totally Unsucessful Applications - Help!

alexak — Wed, 05 Dec 2012 01:09:46 GMT

I've tryed but again, its capital one and it feels like im talking to a bunch of monkeys. Ive sent many GW letters to them, all with the reply: All of the information is current and accurate. Ive dug and dug on this board and ive hit road blocks with every try.

Re: Totally Unsucessful Applications - Help!

Jazzzy — Wed, 05 Dec 2012 01:24:17 GMT

To the OP....you say you are a student. How much annual income did you report?

Maybe income is the issue???

Re: Totally Unsucessful Applications - Help!

alexak — Wed, 05 Dec 2012 02:14:05 GMT

I am a student, which it why I applied for the student Forward. I will be close to $15k this year, but thats just whats reported. I work at a sports bar and make way more than what is reported. I'm probably closer to $25k in income. I dont want to put that incase they ask to verify income.

I also do not pay rent right now, although I have rented in the past and that history shows on my EX report.

Im going to try calling Citi tomorrow for recon and hopfully find out why I was denied.