topic Re: ....and the only reason I was declined was... in Credit Cards

....and the only reason I was declined was...

Anonymous — Mon, 02 Dec 2013 22:08:04 GMT

Little background, my credit is crappy, but in the process of repairing it.

I apped for a Target Red Card, and was declined.

The ONLY reason? Too many credit applications in the past 6 months. Not declined because of one deg. account, or lack of history, just because I applied too many times for a CC

Re: ....and the only reason I was declined was...

09Lexie — Mon, 02 Dec 2013 22:12:19 GMT

How many inq's in the past 6 mos?

Re: ....and the only reason I was declined was...

Anonymous — Mon, 02 Dec 2013 22:12:38 GMT

Apps hang out two years.

It's not always easy using restraing while rebuilding but generally worth it!

Re: ....and the only reason I was declined was...

Anonymous — Mon, 02 Dec 2013 22:19:55 GMT

In the past 6 months? 10 at the most.

Re: ....and the only reason I was declined was...

myjourney — Mon, 02 Dec 2013 22:23:48 GMT

@Anonymous wrote:
In the past 6 months? 10 at the most.

And how many of those are in the last 2 weeks?

Garden recruiting team

Re: ....and the only reason I was declined was...

Anonymous — Mon, 02 Dec 2013 22:24:22 GMT

Re: ....and the only reason I was declined was...

myjourney — Mon, 02 Dec 2013 22:26:22 GMT

@Anonymous wrote:
5?

I know so you know what i'm going to say now right for your own good?

Come make some new friends in the garden and we shall help you in your journey

Re: ....and the only reason I was declined was...

Anonymous — Mon, 02 Dec 2013 22:30:40 GMT

@Anonymous wrote:
In the past 6 months? 10 at the most.

10 is a pretty healthy number. Best to let things marinate for a while before applying again.

There may be other aspects of your credit life/file to work on over the next year or so.

Re: ....and the only reason I was declined was...

FinStar — Mon, 02 Dec 2013 22:37:45 GMT

Well, that kind of provides a barometer to stop applying for more credit. It would appear at this point, more apps may result in more denials or puny lines at best...as myjourney and others suggested, it's garden time.

Re: ....and the only reason I was declined was...

Anonymous — Mon, 02 Dec 2013 22:40:20 GMT

Maybe I missed the annoucement, but what is this whole "garden" thing?

Re: ....and the only reason I was declined was...

09Lexie — Mon, 02 Dec 2013 22:45:02 GMT

Gardening is letting inq's/accts age. Also to work on any baddies that you may have on your CR's. Perfect time to work on sp CLI's as well. Basically, let your CR's rest from the dings of HPs.

We have a whole thread of credit addicts that will welcome you with open arms.

Re: ....and the only reason I was declined was...

coldnmn — Mon, 02 Dec 2013 22:45:11 GMT

@Anonymous wrote:
Maybe I missed the annoucement, but what is this whole "garden" thing?

It's the Garden Club in credit cards. Peps helping peps to not apply with a litte humor mixed in. First page explains it.

Re: ....and the only reason I was declined was...

FinStar — Mon, 02 Dec 2013 22:48:57 GMT

@Anonymous wrote:
Maybe I missed the annoucement, but what is this whole "garden" thing?

To "garden", as the term implies, allows for your recent credit seedlings to grow over time as your credit profile ages/matures.

You can check out the Garden Club monthly thread via this link for more info > http://ficoforums.myfico.com/t5/Credit-Cards/Garden-Club-Meeting-December-2013/td-p/2622315

Re: ....and the only reason I was declined was...

killer_queen229 — Mon, 02 Dec 2013 23:01:06 GMT

Don't apply for anymore. I think if you wait a while they will accept you, with or without more credit added to your name. I know it's hard to wait, but I have to do it too. I went on an app spree over the Summer (overall I got 5 cards this year, but approved for 6 originally but didn't want the 6th one) but there were companies that did deny me credit.

Re: ....and the only reason I was declined was...

SunriseEarth — Tue, 03 Dec 2013 01:25:04 GMT

@Anonymous wrote:
In the past 6 months? 10 at the most.

Have you pulled CRs lately? You might want to see what's reporting on you. At least with the denials, you can get some free CRs if you haven't already done so.

And +1 to the Garden!

Re: ....and the only reason I was declined was...

injustifiiable — Tue, 03 Dec 2013 15:54:54 GMT

They declined me last year when I only had 4 inquiries on my report.

I even wrote a recon letter and they shot that down too.

After that, I read about the puny credit lines they were giving and then wasn't too disappointed. lol

Re: ....and the only reason I was declined was...

DigitalArk — Tue, 03 Dec 2013 19:02:41 GMT

@Anonymous wrote:
Maybe I missed the annoucement, but what is this whole "garden" thing?

Click on the seedling picture of my signature and welcome to the garden.