topic Re: Carecredit denied in Credit Cards

Carecredit denied

Omw800 — Sat, 04 Jan 2014 20:32:13 GMT

I applied for carecredit and denied instantly. They said my transunion score was 635 but on My Fico its 683 and creditkarma as 679. They also said I have to many delinquent account, which I may have one if that, and two judgment from a tax lien but are paid in full. My debt to ratio maybe 35 %, I really don't understand why I was denied! But if I apply for a new credit card I'm approved???I'm puzzled at my denial and credit score they said I had...I also open 3 new account between November and December.

Anybody have advice??

Re: Carecredit denied

coldnmn — Sat, 04 Jan 2014 20:39:56 GMT

The new accounts, utilization, inquiries and the baddies combined are probably the reason. The score they had was more then likely their own internal score. Give it 6 months or so and no more inquiries you may have a chance.

Re: Carecredit denied

Omw800 — Sat, 04 Jan 2014 20:49:59 GMT

Do they do reconsideration ?

Re: Carecredit denied

Anonymous — Sat, 04 Jan 2014 20:55:19 GMT

Worth a try to recon.

Re: Carecredit denied

coldnmn — Sat, 04 Jan 2014 20:58:42 GMT

@Omw800 wrote:

Do they do reconsideration ?

Always worth a try you already took the hit. But GECRB isn't good for reconsiderations once computers denied you.

Re: Carecredit denied

FinStar — Sat, 04 Jan 2014 21:13:26 GMT

@Anonymous wrote:
Worth a try to recon.

GECRB does not reconsider declined applications. These are auto-decisioned. U/Ws are unable to override the system decision.

Re: Carecredit denied

FinStar — Sat, 04 Jan 2014 21:15:44 GMT

@Omw800 wrote:
I applied for carecredit and denied instantly. They said my transunion score was 635 but on My Fico its 683 and creditkarma as 679. They also said I have to many delinquent account, which I may have one if that, and two judgment from a tax lien but are paid in full. My debt to ratio maybe 35 %, I really don't understand why I was denied! But if I apply for a new credit card I'm approved???I'm puzzled at my denial and credit score they said I had...I also open 3 new account between November and December.
Anybody have advice??

On the surface, there seem to be more negative items that would tilt an approval. Every lender is different and each has their own underwriting criteria. Once you receive the letter (or if you already know all the reasons), then focus on those to improve your chances in the future. Scores are not the only criteria that a lender will place its focus.

Re: Carecredit denied

newUser0 — Sat, 04 Jan 2014 22:42:33 GMT

@Omw800 wrote:
I applied for carecredit and denied instantly. They said my transunion score was 635 but on My Fico its 683 and creditkarma as 679. They also said I have to many delinquent account, which I may have one if that, and two judgment from a tax lien but are paid in full. My debt to ratio maybe 35 %, I really don't understand why I was denied! But if I apply for a new credit card I'm approved???I'm puzzled at my denial and credit score they said I had...I also open 3 new account between November and December.
Anybody have advice??

I guess number of new Tradelines opened in last 6 months is too much for them to be considered right now.

Suggest you to wait for atleast 6 Months and Apply Again.