topic Re: Gemb Lowes in Credit Cards

Gemb Lowes

Anonymous — Wed, 16 Apr 2008 23:55:35 GMT

I applied for a gemb lowes and got the 24/48 hour thing .... then the up to 7 to 10 days .. still no deniel .. But I checked my inquires on all 3 and no gemb.. yet oh well ...

Re: Gemb Lowes

Anonymous — Thu, 17 Apr 2008 00:04:15 GMT

Ok Gemb Lowes ran TU with a 632 FICO score.. HERE.. as of 4/12/2008..

I did notice about a month ago Gemb walmart was on the inq.. it was denied ..

The next day I got my 500cl cap one card..

Should I call lowes even if a get a denied... I would like to have the card because after we move into our new mobile home I am planning on building a shop and this would sure help..

Re: Gemb Lowes

unknown_entity — Thu, 17 Apr 2008 02:09:52 GMT

GEMB is a strange lender, it's hard to predict what they are going to do, ever. I'd call them and ask for the status. If that doesn't work do a search for GEMB recon and see if there is a number to a credit analyst somewhere and call them. I've heard of GEMB giving Lowes cards with your scores so I wouldn't give up hope. You still have a shot at it. Remember recons work sometimes and you can always call back and talk to someone else if the first person doesn't help you out...lol.

Re: Gemb Lowes

Anonymous — Thu, 17 Apr 2008 17:15:41 GMT

It was pulled TU on the 14th of april... Looks like a denial maybe.. got nothing and I lost the email with the status number .. should I just call them .. What if any backdoor number .. They pulled TU with a score of 632 from here.. I think when they pulled it still had one collection from 2004 on the report??

Or should I just wait to see what happens ?

Re: Gemb Lowes

Anonymous — Thu, 17 Apr 2008 18:05:13 GMT

Called GE MOney Bank and this is what was said they have no info on an account for me.. I got the 7-10 day wait email... They said I should go right to the store ( Lowes ) and apply at customer service.. Think I am going to try for instant approval on a depot card ???

Re: Gemb Lowes

Creditaddict — Thu, 17 Apr 2008 18:15:46 GMT

the GEMB Lowes card does seem to be very weird.

First time I applied for the business they said they couldn't verify my biz number and declined it.

2nd time they wanted pg.

I have EVERY other biz GE card with no PG and no problem.

They also told me to go to store and could probably do instant there.

I would go for home depot if I was you!

Re: Gemb Lowes

bott6698 — Thu, 17 Apr 2008 18:29:11 GMT

I don't know about Lowes but I apped for Home Depot last night and got approved with a 622 EX. They pulled EX here in PA

Re: Gemb Lowes

Creditaddict — Thu, 17 Apr 2008 20:15:20 GMT

anyone got phone # for credit application?

Re: Gemb Lowes

Anonymous — Thu, 17 Apr 2008 20:53:08 GMT

Called Lowes , they dont seem to know wether I actually applied or not , been 5 days or 4 ... So what the heck I applied for Home depot .. got the same thing 7-10days... I guess they dont want to sell me anything for my new mobile home .. Oh Well.. I guess I will use my cap one card >>> ( The only thing in my wallet )

Re: Gemb Lowes

Anonymous — Thu, 17 Apr 2008 22:50:13 GMT

I guess I am not good enough to pre qualify for any card.. all got the 7-10 day email.. said they had to investigate more.. My question is what more or they going to investigate ? Its not like I am on trial.. I just want a lowes, or depot card for a major purchase...

Re: Gemb Lowes

Anonymous — Thu, 17 Apr 2008 23:03:32 GMT

what kind of limits do these guys give out (lowes/home depot)?

Re: Gemb Lowes

Anonymous — Thu, 17 Apr 2008 23:06:01 GMT

It sounds like a manual review. It takes that amount of time because you are not the first person in line. With those scores (believe me, I was there a few months ago), it is very likely that you will continue to have a few manual reviews. You may end up getting 2 cards in a few weeks.

Re: Gemb Lowes

haulingthescoreup — Thu, 17 Apr 2008 23:08:06 GMT

@Anonymous wrote:
what kind of limits do these guys give out (lowes/home depot)?

I have the HD store card with a $4K limit. I'll ask for a CLI when we start our kitchen remodeling.

There's also an HD MC, and I've read that there are some crazy high CL's possible on that one.

Re: Gemb Lowes

Anonymous — Thu, 17 Apr 2008 23:10:34 GMT

I notice the home depot always offers no interest for XX months with the store card, what about the MC? Any deals?

Re: Gemb Lowes

haulingthescoreup — Thu, 17 Apr 2008 23:28:56 GMT

Looks like it's a 3-2-1 points card: 3 points for HD purchases, 2 for gas/ grocs/ restaurants/ drugstores, 1 point everywhere else.

https://www.citibank.com/us/cards/thd/consumer/index.jsp

Since I hate having a balance, even at 0%, I sometimes wonder if the MC would have been better, but I wanted a decent store card.

Re: Gemb Lowes

Anonymous — Thu, 17 Apr 2008 23:46:46 GMT

If you are able to get the GEMB/Lowes card, they offer no payments, no interest for 6 or 12 months all the time, minimum payment of $299......

Re: Gemb Lowes

bott6698 — Fri, 18 Apr 2008 05:11:51 GMT

Bevy If I had my bet with your scores I bet you will be approved for atleast one of them

Re: Gemb Lowes

Anonymous — Fri, 18 Apr 2008 08:53:26 GMT

Either or would be good .. We are wanting to install wood flooring in the den of our mobile home since we have a cocker spaniel that has accidents.. As well as we need to buy a stove/oven.. I also one day would like to be able to get a refrid with Ice and Water in the door...

Re: Gemb Lowes

Anonymous — Fri, 18 Apr 2008 15:07:08 GMT

I got the news this morning from Lowes

In evaluating your request, a credit scoring system was used that meets the detailed standards for such systems set out in the regulation implementing the provisions of the Federal Equal Credit Opportunity Act. This system assign a point value to various items of information which, taken together, have been demonstrated to predict the statistical probability that a consumer will pay in accordance with the terms of the transaction requested. The points obtained for each factor or characteristic considered by the scoring system were added together and you did not achieve the approval score assigned by the system. Since each category scored by the system contributed to the total score, no individual factor was solely responsible for your score being less than the approved score. Nevertheless, the factor(s) where you did not score well compared with other consumers have been determined and these factor(s) were:

DELINQUENCY ADVERSE PUBLIC RECORD OR COLLECTION (1)
NUMBER OF RECENTLY OPENED REVOLVING ACCOUNTS (1)
RATIO OF REVOLVING ACCOUNT BALANCES TO REVOLVING CREDIT LINES ( as of now $48) on a 1200.00 cap one card..

Fico score of 632 as of 4/17/2008 They pulled TU

No word from Depot Yet

Message Edited by bevy1234 on 04-19-2008 02:07 AM

Re: Gemb Lowes

Anonymous — Fri, 18 Apr 2008 16:12:07 GMT

Awwwww....sorry to hear bevy.

Don't worry. Keep the utils low, pay WELL before the due date, let the cards you have age, and try them again next fall.