topic Re: Bill me later denial in Credit Cards

Bill me later denial

Anonymous — Tue, 05 Nov 2013 00:22:09 GMT

I got denied for a bill me later account today and the only reason for denial was too many inquiries. This makes my 4th app for it this year and I know that's way too many but I didn't find out that fact until I came to this forum. My score has improved quite a bit since the last app and I thought I would give it a try. My total inquiries is 5 with equifax and 3 are from bml. I called their regular cs number and the csr said there were no recons and that he couldn't even pull up any info on where I had applied. Does anyone know of a backdoor number or a way to speak with someone that actually has the ability to do something? I wish they pulled TU because my score is over 50 points better with fewer inquiries. Any help would be greatly appreciated. I just love the idea of a hidden TL that doesn't affect utilization. Thankyou!

Re: Bill me later denial

myjourney — Tue, 05 Nov 2013 01:26:07 GMT

@Anonymous wrote:
I got denied for a bill me later account today and the only reason for denial was too many inquiries. This makes my 4th app for it this year and I know that's way too many but I didn't find out that fact until I came to this forum. My score has improved quite a bit since the last app and I thought I would give it a try. My total inquiries is 5 with equifax and 3 are from bml. I called their regular cs number and the csr said there were no recons and that he couldn't even pull up any info on where I had applied. Does anyone know of a backdoor number or a way to speak with someone that actually has the ability to do something? I wish they pulled TU because my score is over 50 points better with fewer inquiries. Any help would be greatly appreciated. I just love the idea of a hidden TL that doesn't affect utilization. Thankyou!

After 4 attempts its time to look at the denial and see why that won't approve and work on those points

I understand you want the card bad but at some point you just have to move on and stop wasting HP's until your in a better shape for the approval.

What was the reasons for the other denials?

Re: Bill me later denial

Anonymous — Tue, 05 Nov 2013 01:31:49 GMT

Delinquency as I have a few 30 days late on my report and average age of revolving accounts which is a little over 3 years

Re: Bill me later denial

myjourney — Tue, 05 Nov 2013 01:43:16 GMT

@Anonymous wrote:
Delinquency as I have a few 30 days late on my report and average age of revolving accounts which is a little over 3 years

It's just me but I would stop applying and start a GW campaign because other lenders might feel the same way in the future and not approve

Re: Bill me later denial

bobbay — Tue, 05 Nov 2013 02:09:42 GMT

I have not seen it discussed that often but depending on how many accounts you have dilution is one way if GW's don't work. I have taken this approach as I have 5 or 6 new accounts now with 2-3 months of full pay. This is one reason why it is important to save those HP's. As I have read lates are a ratio to total account months reporting. If you cant change the numerator...change the denominator. I would enjoy hearing what others with more experience comment on the topic.

Re: Bill me later denial

Anonymous — Fri, 27 Dec 2013 02:29:21 GMT

I recently applied for a bill me later account got denied and don't understand why?! I don't have bad credit I've taken loans out paid on time and paid them off early. I mean I'm only 22 so I don't have a mortgage or make 100k a year but if I did I wouldn't be trying to get a bill me later account. I live on my own and pay my bills and I got denied and a person that I work with lives in the in-laws basement and works part-time got approved about the same day they denied me!! Idk it seems like an awesome program that's why I wanted in but guess not

Re: Bill me later denial

FinStar — Fri, 27 Dec 2013 03:43:44 GMT

@Anonymous wrote:
I recently applied for a bill me later account got denied and don't understand why?! I don't have bad credit I've taken loans out paid on time and paid them off early. I mean I'm only 22 so I don't have a mortgage or make 100k a year but if I did I wouldn't be trying to get a bill me later account. I live on my own and pay my bills and I got denied and a person that I work with lives in the in-laws basement and works part-time got approved about the same day they denied me!! Idk it seems like an awesome program that's why I wanted in but guess not

You will need to review the reasons for the declined application as it can be any number of factors on why they reached such decision. The may list the main reason at the top section of the letter when you receive it; however, also review the reason(s) below the score that they will provide (including the CRA that was used) and this should give you a general idea.

Re: Bill me later denial

FinStar — Fri, 27 Dec 2013 03:45:24 GMT

@myjourney wrote:
@Anonymous wrote:
Delinquency as I have a few 30 days late on my report and average age of revolving accounts which is a little over 3 years
It's just me but I would stop applying and start a GW campaign because other lenders might feel the same way in the future and not approve

Unfortunately, BIll Me Later does not have a backdoor number nor do they entertain any declined app reconsiderations, sorry.

Re: Bill me later denial

Anf_dude — Fri, 27 Dec 2013 17:03:25 GMT

Both Them & PayPal Have Been a Headache For Me. I Regret Opening The Account.

Re: Bill me later denial

Creditaddict — Fri, 27 Dec 2013 19:26:55 GMT

4 Inq's is not to many!

i think I had over 15.

i also have less than 1 year old 120+ day lates.

the automated computer formula on credit report they use sure can be weird sometimes but surely after 4 denials in a year try something else!

Re: Bill me later denial

knhorn — Fri, 27 Dec 2013 21:54:29 GMT

Bill me later is a joke. Stay as far away as possible.

Re: Bill me later denial

cyclesport45 — Fri, 27 Dec 2013 22:00:44 GMT

@knhorn wrote:
Bill me later is a joke. Stay as far away as possible.

Really?? I've gotten my last two (over 2 grand each) road bikes with BML, 6 month free financing. Pretty happy with that. . .

Re: Bill me later denial

Creditaddict — Fri, 27 Dec 2013 22:06:43 GMT

@knhorn wrote:
Bill me later is a joke. Stay as far away as possible.

Why? I'm getting 6 months 0% plus 1% additional to my ebay bucks with purchases currently! What's better besides maybe Discover and Freedom rotating 5% right now.

Re: Bill me later denial

Blackbeauty212 — Sat, 28 Dec 2013 00:03:20 GMT

@knhorn wrote:
Bill me later is a joke. Stay as far away as possible.

Care to explain that in more detail.....

I find BML awesome for those that know how to use it to their Advantage..... 6 mos NI/NP.....Hidden TL doesnt so UTL your isnt affected.... Interest free Cash Advances.

Re: Bill me later denial

CreditUnionFan — Sat, 28 Dec 2013 15:02:00 GMT

@Anonymous wrote:
I got denied for a bill me later account today and the only reason for denial was too many inquiries. This makes my 4th app for it this year and I know that's way too many but I didn't find out that fact until I came to this forum. My score has improved quite a bit since the last app and I thought I would give it a try. My total inquiries is 5 with equifax and 3 are from bml. I called their regular cs number and the csr said there were no recons and that he couldn't even pull up any info on where I had applied. Does anyone know of a backdoor number or a way to speak with someone that actually has the ability to do something? I wish they pulled TU because my score is over 50 points better with fewer inquiries. Any help would be greatly appreciated. I just love the idea of a hidden TL that doesn't affect utilization. Thankyou!

I know I have way more than four inquiries in the last year, and at least double that because of car loans in 2012.

There must be something else they don't like. Be sure your address and name are reporting 100% correctly.

I was approved for BML in January with a paltry limit of $544, bumped to $687 when I made a purchase with Dell, but last night was approved for a Newegg Preferred Account (which is usable as if it was BML) for $8000.

I make sure I make payments on time, and the interest free financing is awesome. There are no rewards like Discover or Freedom, but I can leave money sit in an account earning interest, or this past year (while I still had balances) put the new item on BML and paid off the other debt(s).

I can't use it everywhere. But when I can use it, it's nice.

Re: Bill me later denial

cherrypie854 — Fri, 25 Apr 2014 02:28:56 GMT

how does the interest free cash advance work?

Re: Bill me later denial

madmann26 — Fri, 25 Apr 2014 20:31:42 GMT

BML is also underwritten by CFNA or Webbank now I think. It was sold off last year.

Re: Bill me later denial

chwebb1 — Mon, 28 Apr 2014 02:31:44 GMT

@knhorn wrote:
Bill me later is a joke. Stay as far away as possible.

I have a BML account, and I'm very happy with them. I've had them for around 2 years now. They've given me two Auto-CLIs (I started at $610 if I remember correctly, auto CLI at ~ 9 months to $1610, and I got another auto-CLI a few months ago to $2610). The 6 months no interest is a great thing depending on what you're buying, especially since it doesn't ding your credit (UTIL). Why don't you like them?

Re: Bill me later denial

KAISMOM — Mon, 28 Apr 2014 04:25:28 GMT

What helps is if you've had a paypal account for awhile, (ten years in my case) I have a business acount, and had one 30 day late at the time of app. It's come in handy as it dosen't play into UTIL, having a credit line plus the 6 months to pay is really helpful when running a business.

I would take some time to figure how you can position yourself better, aaoa, income, baddies, score. If you don't have a paypal account get one!

Re: Bill me later denial

RushXTC — Mon, 28 Apr 2014 12:47:47 GMT

@Anonymous wrote:
Delinquency as I have a few 30 days late on my report and average age of revolving accounts which is a little over 3 years

^ There you go...

Stop trying for a bit.