topic Re: Denied for Discover Card .. in Credit Cards

Denied for Discover Card ..

ceejx — Sun, 16 Dec 2012 03:45:01 GMT

My credit has gone through major rebuilding. I now have an almost emaculate credit file, aside from a 7 year old PAID charge-off that is about to fall off any time now and open accounts are relatively new. AAOA is 5 years, oldest account is 15 years. Credit scores range from 690 to 740. Reported util is less than 1%, and above 80k income.

Got a pre-approval from Discover and was shown pre-approved offers on Discover's pre-approval site that included soft pulls from my credit, so decided to apply to take advantage of the 14mo no interest and 9.99% rate.

I was declined.

They pulled EQ which is my 690, but again only negative is the old paid charge off. After two attempts at recon, I was told each time that the old charge-off is "most likely" why I was declined and to call the CRAs to have them remove it then reapply (and will get another HP).

Oh well, guess they don't want my business. Now I'm scared to app for anything new.

Re: Denied for Discover Card ..

frddlawson — Sun, 16 Dec 2012 03:57:47 GMT

Thats weird, because I have a discover and when I applied, my credit wasnt near as good as yours. There has to be something else they are looking at beside that one baddie. Have you been late with any cc in the past? They approve me for $1500 on April 2011. I had a credit score of 650 with some lates back in 2009. Try to recon ONE more time, I believe the right rep will approve your request.

Re: Denied for Discover Card ..

wallyworld123 — Sun, 16 Dec 2012 04:08:28 GMT

@seigex wrote:
My credit has gone through major rebuilding. I now have an almost emaculate credit file, aside from a 7 year old PAID charge-off that is about to fall off any time now and open accounts are relatively new. AAOA is 5 years, oldest account is 15 years. Credit scores range from 690 to 740. Reported util is less than 1%, and above 80k income.

Got a pre-approval from Discover and was shown pre-approved offers on Discover's pre-approval site that included soft pulls from my credit, so decided to apply to take advantage of the 14mo no interest and 9.99% rate.

I was declined.

They pulled EQ which is my 690, but again only negative is the old paid charge off. After two attempts at recon, I was told each time that the old charge-off is "most likely" why I was declined and to call the CRAs to have them remove it then reapply (and will get another HP).

Oh well, guess they don't want my business. Now I'm scared to app for anything new.

definitely a ymmv but, i am surprised you were not approved the paid charge off may stay on your report normally if it was in collections as unpaid it would have fell off already by it being paid it may stay on for up to 10 years again a ymmv situation. I would try recon once more best of luck!

Re: Denied for Discover Card ..

ceejx — Sun, 16 Dec 2012 04:20:53 GMT

@frddlawson wrote:
Thats weird, because I have a discover and when I applied, my credit wasnt near as good as yours. There has to be something else they are looking at beside that one baddie. Have you been late with any cc in the past? They approve me for $1500 on April 2011. I had a credit score of 650 with some lates back in 2009. Try to recon ONE more time, I believe the right rep will approve your request.

Nope, no other baddies, was even able to buy a house. Nothing else negative on my report. One told me no, then said they would put my file up to their supervisor on Monday, but that he will say no as well.

Re: Denied for Discover Card ..

ceejx — Sun, 16 Dec 2012 04:23:15 GMT

@wallyworld123 wrote:
@seigex wrote:
My credit has gone through major rebuilding. I now have an almost emaculate credit file, aside from a 7 year old PAID charge-off that is about to fall off any time now and open accounts are relatively new. AAOA is 5 years, oldest account is 15 years. Credit scores range from 690 to 740. Reported util is less than 1%, and above 80k income.

Got a pre-approval from Discover and was shown pre-approved offers on Discover's pre-approval site that included soft pulls from my credit, so decided to apply to take advantage of the 14mo no interest and 9.99% rate.

I was declined.

They pulled EQ which is my 690, but again only negative is the old paid charge off. After two attempts at recon, I was told each time that the old charge-off is "most likely" why I was declined and to call the CRAs to have them remove it then reapply (and will get another HP).

Oh well, guess they don't want my business. Now I'm scared to app for anything new.
definitely a ymmv but, i am surprised you were not approved the paid charge off may stay on your report normally if it was in collections as unpaid it would have fell off already by it being paid it may stay on for up to 10 years again a ymmv situation. I would try recon once more best of luck!

The charge off is scheduled to fall off my report this month, but either way, I was able to get $36k in credit from other venues before my other baddies fell off. And no collections on my report, it's emaculate aside from the one old paid chargeoff. I think I'll call again. Might as well, don't want to waste an HP

Re: Denied for Discover Card ..

credit3xhausted — Sun, 16 Dec 2012 04:32:13 GMT

Well, I can feel your pain. My denial for the Discover Motiva card was declined because of a 7 yr old foreclosure that drops off in Feb 2013 and one unpaid charge off that drops off in less than 30 days. BTW, the denial letter also stated that my EQ came back at 633.

I guess in March after I verify that both negatives have dropped off I will apply again.

I am so inpatient that these next few months are going to be hell.

Wait till it drops off and reapply. The promotion you mentioned is worth it.

Best of luck!

Re: Denied for Discover Card ..

Duncanrr — Sun, 16 Dec 2012 04:38:46 GMT

What was the amount of the old charge off?

Re: Denied for Discover Card ..

ceejx — Sun, 16 Dec 2012 04:39:57 GMT

@Duncanrr wrote:
What was the amount of the old charge off?

Around 3K, paid off a couple years ago and late payment history deleted from account, with no associated collection

Re: Denied for Discover Card ..

Duncanrr — Sun, 16 Dec 2012 04:44:39 GMT

It may be the relatively high amount. (Im grasping at straws as I anticipated your CR would had been good enough. Have you changed addresses lately, did you put your right shoe on first before your left one?)

Re: Denied for Discover Card ..

ceejx — Sun, 16 Dec 2012 04:50:37 GMT

@Duncanrr wrote:
It may be the relatively high amount. (Im grasping at straws as I anticipated your CR would had been good enough. Have you changed addresses lately, did you put your right shoe on first before your left one?)

been at this address for 25 months, bought a house but don't move in until Monday so I used my current address, only reference to the new house is an inquiry. Trust me, I've been grasping on this one trying to figure it out too... I didn't think for one second it would be denied, but one thing I've learned on getting credit is there's no true rhyme to the reason.

Re: Denied for Discover Card ..

kobe2012 — Sun, 16 Dec 2012 06:11:38 GMT

I think it's because EQ is reporting your baddie as recent...i got declined for discover more three times already cause of a 5-6 yr old charge off..its showing as recent..it updates every month as CO on my EQ file...but thats just in my case.

Re: Denied for Discover Card ..

ceejx — Mon, 17 Dec 2012 21:19:31 GMT

just tried a 4th recon, and each time the person I talk to from the back-door number just says "We don't do reconsiderations, you will get a letter in the mail and can re-apply in 45 days." Is there someone specific I have to be transferred to?

Re: Denied for Discover Card ..

jpparker07 — Mon, 17 Dec 2012 21:25:10 GMT

Look for the backdoor number in one of the permanent posts in the credit forum. I called and was able to recon with a 1000 limit. I had two unpaid baddies but not for 3k. Credit score was 660.

Re: Denied for Discover Card ..

ceejx — Mon, 17 Dec 2012 23:39:30 GMT

@jpparker07 wrote:
Look for the backdoor number in one of the permanent posts in the credit forum. I called and was able to recon with a 1000 limit. I had two unpaid baddies but not for 3k. Credit score was 660.

already did, finally spoke to a supervisor who said that I don't have a long enough history, 4 years AAOA 13 year total history, said that my accounts are too new to determine risk, I showed him that I have 4 loans, each paid off early, and 7 months history on 7 credit cards, and he said because I didn't have a credit card between 2006 and 2012 he can't approve me, but would if I were to get a co-signer, which I won't do. Oh well, I tend to hold grudges, so no Discover for me...

Re: Denied for Discover Card ..

tennisfan78 — Tue, 18 Dec 2012 03:49:29 GMT

Did you happen to have a Discover card before and it went to collections?

Or was it with a different company?

Re: Denied for Discover Card ..

wallyworld123 — Tue, 18 Dec 2012 04:04:25 GMT

@seigex wrote:
@jpparker07 wrote:
Look for the backdoor number in one of the permanent posts in the credit forum. I called and was able to recon with a 1000 limit. I had two unpaid baddies but not for 3k. Credit score was 660.
already did, finally spoke to a supervisor who said that I don't have a long enough history, 4 years AAOA 13 year total history, said that my accounts are too new to determine risk, I showed him that I have 4 loans, each paid off early, and 7 months history on 7 credit cards, and he said because I didn't have a credit card between 2006 and 2012 he can't approve me, but would if I were to get a co-signer, which I won't do. Oh well, I tend to hold grudges, so no Discover for me...

I am sorry this did not work out in your favor. I do understand now y u were declined. 7 credit cards with 7 months of history is a bit too much. relax, garden and let your cards fully grow please don't apply for any more credit cards. Wait at least a year discover will still be around just don't rule them out completely. They really are gr8.

Re: Denied for Discover Card ..

cashnocredit — Tue, 18 Dec 2012 04:35:42 GMT

@seigex wrote:
@Duncanrr wrote:
It may be the relatively high amount. (Im grasping at straws as I anticipated your CR would had been good enough. Have you changed addresses lately, did you put your right shoe on first before your left one?)
been at this address for 25 months, bought a house but don't move in until Monday so I used my current address, only reference to the new house is an inquiry. Trust me, I've been grasping on this one trying to figure it out too... I didn't think for one second it would be denied, but one thing I've learned on getting credit is there's no true rhyme to the reason.

Stike this. I misread your comment to mean you had bought the house 25 months ago. My bad.

You bought a new house but the only thing on your report is an inq? Isn't the mortgage showing? That would be pretty unusual except for someone private holding the mortgage. The address associated with the mortgage is reported and presumed to be your most current address. Using a different address than the one a relatively new mortgage lists is a big red flag to the computers. I had the problem for a while and was declined on preapprovals for both Discover and Amex.with FICO scores of 690 and 715. Looked like I had jingle mailed the home.

Re: Denied for Discover Card ..

ceejx — Tue, 18 Dec 2012 04:48:18 GMT

@wallyworld123 wrote:
@seigex wrote:
@jpparker07 wrote:
Look for the backdoor number in one of the permanent posts in the credit forum. I called and was able to recon with a 1000 limit. I had two unpaid baddies but not for 3k. Credit score was 660.
already did, finally spoke to a supervisor who said that I don't have a long enough history, 4 years AAOA 13 year total history, said that my accounts are too new to determine risk, I showed him that I have 4 loans, each paid off early, and 7 months history on 7 credit cards, and he said because I didn't have a credit card between 2006 and 2012 he can't approve me, but would if I were to get a co-signer, which I won't do. Oh well, I tend to hold grudges, so no Discover for me...
I am sorry this did not work out in your favor. I do understand now y u were declined. 7 credit cards with 7 months of history is a bit too much. relax, garden and let your cards fully grow please don't apply for any more credit cards. Wait at least a year discover will still be around just don't rule them out completely. They really are gr8.

I don't have 7 months of history, just revolving time, I have 13 years of history with several good timelines with no lates, only one 7 year old negative

Re: Denied for Discover Card ..

ceejx — Tue, 18 Dec 2012 04:49:06 GMT

@tennisfan78 wrote:
Did you happen to have a Discover card before and it went to collections?

Or was it with a different company?

never hard a discover, the old chargeoff was an aafes card I had when I was in the military in the 90s

Re: Denied for Discover Card ..

ceejx — Tue, 18 Dec 2012 04:50:42 GMT

@cashnocredit wrote:
@seigex wrote:
@Duncanrr wrote:
It may be the relatively high amount. (Im grasping at straws as I anticipated your CR would had been good enough. Have you changed addresses lately, did you put your right shoe on first before your left one?)
been at this address for 25 months, bought a house but don't move in until Monday so I used my current address, only reference to the new house is an inquiry. Trust me, I've been grasping on this one trying to figure it out too... I didn't think for one second it would be denied, but one thing I've learned on getting credit is there's no true rhyme to the reason.
Stike this. I misread your comment to mean you had bought the house 25 months ago. My bad.

You bought a new house but the only thing on your report is an inq? Isn't the mortgage showing? That would be pretty unusual except for someone private holding the mortgage. The address associated with the mortgage is reported and presumed to be your most current address. Using a different address than the one a relatively new mortgage lists is a big red flag to the computers. I had the problem for a while and was declined on preapprovals for both Discover and Amex.with FICO scores of 690 and 715. Looked like I had jingle mailed the home.

it closes and records tomorrow, does not show on my report.. only a single inquiry ... I used my current address which is 25 months old....what irritates me the most is the pre-approvals in the mail and on their website, each time doing a soft pull... so it's not like their automated system didn't know my history