topic Re: US Bank denial in Credit Cards

US Bank denial

NursePurse — Tue, 06 May 2014 23:03:20 GMT

I applied for the US bank Perks + Visa Signature Card (I'm trying to help my mom transfer a few cc balances) so I apped with her as a joint

It was denied, so I called the number on the website 800-947-1444 (it said it was underwriting) and I said :Hi I'm calling to check on the status of my application" I already knew it said "unable to approve at this time", or something to that matter after I submitted my online application.

When I spoke to the guy at US Bank, he says "You're score is fine, but you have a few items in dispute at this time so that's why we cannot approve the application"

They hard pulled TU, nothing on Equifax or Experian. But the thing is, I'm not disputing anything on my credit reports. I kindly said "Thank you for your time" and hung up.

Is that just a nice way for them to say "you've been declined"?

Re: US Bank denial

trumpet-205 — Tue, 06 May 2014 23:17:26 GMT

What about your mom's CR?

Re: US Bank denial

Anonymous — Tue, 06 May 2014 23:24:09 GMT

ficoforums.myfico.com/t5/General-Credit-Topics/ARS-LIR-ICS-anyone-knows-about-these/m-p/975990

Re: US Bank denial

NursePurse — Tue, 06 May 2014 23:25:46 GMT

Not a thing in dispute on hers either. So strange. I should have just asked the guy I was speaking with, but he was so unfriendly that I just hid my tail and ran

Re: US Bank denial

Revelate — Tue, 06 May 2014 23:31:38 GMT

@NursePurse wrote:
Not a thing in dispute on hers either. So strange. I should have just asked the guy I was speaking with, but he was so unfriendly that I just hid my tail and ran

If it were me I'd be curious and call back and speak with a different rep but I'm sort of admittedly interested in denial reasons especially when they're a little wierd like that.

Re: US Bank denial

NursePurse — Tue, 06 May 2014 23:33:19 GMT

@Anonymous wrote:
ficoforums.myfico.com/t5/General-Credit-Topics/ARS-LIR-ICS-anyone-knows-about-these/m-p/975990

Thank you for the info

Both of our ARS files are frozen as of 2 weeks ago. But I've read that this does not affect credit approvals. Although, I could be wrong. Could someone verify?

Re: US Bank denial

NursePurse — Tue, 06 May 2014 23:35:03 GMT

@Revelate wrote:
@NursePurse wrote:
Not a thing in dispute on hers either. So strange. I should have just asked the guy I was speaking with, but he was so unfriendly that I just hid my tail and ran
If it were me I'd be curious and call back and speak with a different rep but I'm sort of admittedly interested in denial reasons especially when they're a little wierd like that.

Thanks, that's the little push I needed! Calling again now

Re: US Bank denial

NursePurse — Wed, 07 May 2014 00:12:38 GMT

I called back, and got the same guy (ughhh) who was actually nicer this time. He appologized for the "incorrect" response of "items in dispute". The application was declined due to 20 new accounts in the last 6 months (yes, I was one of those "rebuilding credit, shopping cart trick peeps" that upon re-building my credit, opened a ton of retail store credit cards after getting the "pre-approval pop-up" via the shopping cart trick. Ihave since closed 3 of those (linen source, bon ton, buckle) there are many more I don't mind closing (true value, one stop plus, beall's florida, just paid balance in full formy my sony visa through cap1 off and closing that when it reports a $0 balance to all 3 credit bureau's)

I guess I can't blame the bank for the denial, he kind of put things in perspective when I actually heard "You've opened 20 new accounts in the past 6 months"

It's back and forth with the whole closing accounts that I will never use. I read good things, and I hear not so good things about closing credit cards, but at the same time, they didn't even bother to pull my mom's information even though I apped as joint.

You win some you lose some

Re: US Bank denial

-Wade- — Wed, 07 May 2014 00:39:11 GMT

@NursePurse wrote:
I called back, and got the same guy (ughhh) who was actually nicer this time. He appologized for the "incorrect" response of "items in dispute". The application was declined due to 20 new accounts in the last 6 months (yes, I was one of those "rebuilding credit, shopping cart trick peeps" that upon re-building my credit, opened a ton of retail store credit cards after getting the "pre-approval pop-up" via the shopping cart trick. Ihave since closed 3 of those (linen source, bon ton, buckle) there are many more I don't mind closing (true value, one stop plus, beall's florida, just paid balance in full formy my sony visa through cap1 off and closing that when it reports a $0 balance to all 3 credit bureau's)
I guess I can't blame the bank for the denial, he kind of put things in perspective when I actually heard "You've opened 20 new accounts in the past 6 months"
It's back and forth with the whole closing accounts that I will never use. I read good things, and I hear not so good things about closing credit cards, but at the same time, they didn't even bother to pull my mom's information even though I apped as joint.
You win some you lose some

WOW .........You really need to garden with that many new accounts.

Re: US Bank denial

doctorofcredit — Wed, 07 May 2014 00:42:11 GMT

You should also freeze your IDA account before applying to US bank, did you try that?

Re: US Bank denial

-Wade- — Wed, 07 May 2014 00:49:42 GMT

@doctorofcredit wrote:
You should also freeze your IDA account before applying to US bank, did you try that?

I bet that's the reason they always want to do a manual review is to pull your IDA report. I just requested mine today by FAX. I guess mine must be pretty good because i was just approved for the Cash+ card.

EDIT: I will update everyone when i get my IDA report and see if US Bank did look at it.

Re: US Bank denial

NursePurse — Wed, 07 May 2014 01:26:11 GMT

Froze IDA and ARS a couple of weeks ago and requested reports for both at the same time

Creditors on my IDA report: Discover

Creditors on my ARS report: Capital One, Barclay's, NFCU, Target, Chase, U.S. Bank (from an app 3 months ago)

Re: US Bank denial

NursePurse — Wed, 07 May 2014 01:31:24 GMT

@-Wade- wrote:
@NursePurse wrote:
I called back, and got the same guy (ughhh) who was actually nicer this time. He appologized for the "incorrect" response of "items in dispute". The application was declined due to 20 new accounts in the last 6 months (yes, I was one of those "rebuilding credit, shopping cart trick peeps" that upon re-building my credit, opened a ton of retail store credit cards after getting the "pre-approval pop-up" via the shopping cart trick. Ihave since closed 3 of those (linen source, bon ton, buckle) there are many more I don't mind closing (true value, one stop plus, beall's florida, just paid balance in full formy my sony visa through cap1 off and closing that when it reports a $0 balance to all 3 credit bureau's)
I guess I can't blame the bank for the denial, he kind of put things in perspective when I actually heard "You've opened 20 new accounts in the past 6 months"
It's back and forth with the whole closing accounts that I will never use. I read good things, and I hear not so good things about closing credit cards, but at the same time, they didn't even bother to pull my mom's information even though I apped as joint.
You win some you lose some

WOW .........You really need to garden with that many new accounts.
I know, I WISH WISH WISH I never accepted all of those shopping cart trick pre approval pop-ups. I should have done more research when I was rebuilding my credit. BAD mistake. That I have absolutely learned from. It can be so exciting being approved for credit cards at first, but one must realize the repercussions of these shopping cart tricks. Yes one may have not applied for credit before, or like me, have not applied for a credit card in yearssssss and I mean years...but now I know!

Re: US Bank denial

-Wade- — Wed, 07 May 2014 01:56:28 GMT

@NursePurse wrote:
Froze IDA and ARS a couple of weeks ago and requested reports for both at the same time
Creditors on my IDA report: Discover
Creditors on my ARS report: Capital One, Barclay's, NFCU, Target, Chase, U.S. Bank (from an app 3 months ago)

Hey Nurse, did you have to fax your info to ARS ????? I already Faxed my info to IDA

EDIT : Where they HP or SP's??? Trying to understand how they work.

THX Wade

Re: US Bank denial

NursePurse — Wed, 07 May 2014 02:14:18 GMT

@-Wade- wrote:
@NursePurse wrote:
Froze IDA and ARS a couple of weeks ago and requested reports for both at the same time
Creditors on my IDA report: Discover
Creditors on my ARS report: Capital One, Barclay's, NFCU, Target, Chase, U.S. Bank (from an app 3 months ago)
Hey Nurse, did you have to fax your info to ARS ????? I already Faxed my info to IDA

EDIT : Where they HP or SP's??? Trying to understand how they work.

THX Wade

HI! I sent my request to the IDA via certified mail with 2 forms of identification, recieved the report and the freeze within 4 days. I mailed a letter to the ARS with one form of identification requeting a report and a freeze to the ARS and recieved my report shortly after. I faxed my mom's request and her driver's license to the ARS with a request for a freeze and a report and recieved the report and freeze in 3-4 days in the mail.

I literally copied and pasted these letters on this website and filled in my info on the lines: http://travelwithgrant.com/credit-cards/freezing-your-ars-and-ida-credit-reports/

Re: US Bank denial

NursePurse — Wed, 07 May 2014 02:18:46 GMT

@-Wade- wrote:
@NursePurse wrote:
Froze IDA and ARS a couple of weeks ago and requested reports for both at the same time
Creditors on my IDA report: Discover
Creditors on my ARS report: Capital One, Barclay's, NFCU, Target, Chase, U.S. Bank (from an app 3 months ago)
Hey Nurse, did you have to fax your info to ARS ????? I already Faxed my info to IDA

EDIT : Where they HP or SP's??? Trying to understand how they work.

THX WaFor me
@-Wade- wrote:
@NursePurse wrote:
Froze IDA and ARS a couple of weeks ago and requested reports for both at the same time
Creditors on my IDA report: Discover
Creditors on my ARS report: Capital One, Barclay's, NFCU, Target, Chase, U.S. Bank (from an app 3 months ago)
Hey Nurse, did you have to fax your info to ARS ????? I already Faxed my info to IDA

EDIT : Where they HP or SP's??? Trying to understand how they work.

THX Wade
They were all hp's on either TU, Eq, or Exp. But that was just from a normal credit app. I believe they check your ARS or IDA and the inquiries on there are separate from TU, Eq, or Exp. I've read that the IDA and ARS reports to not constitute a denial or approval, but I'm not 100% sure and the fact that those creditors checked that report makes me believe that the IDA and ARS reports may be a factor in a denial or approval because why else would Chase, Discover, U.S. Bank, etc even check those 2 reports? I did get a chase amazon visa approval after I froze both ARS and IDA

Re: US Bank denial

-Wade- — Wed, 07 May 2014 02:19:21 GMT

@NursePurse wrote:
@-Wade- wrote:
@NursePurse wrote:
Froze IDA and ARS a couple of weeks ago and requested reports for both at the same time
Creditors on my IDA report: Discover
Creditors on my ARS report: Capital One, Barclay's, NFCU, Target, Chase, U.S. Bank (from an app 3 months ago)
Hey Nurse, did you have to fax your info to ARS ????? I already Faxed my info to IDA

EDIT : Where they HP or SP's??? Trying to understand how they work.

THX Wade
HI! I sent my request to the IDA via certified mail with 2 forms of identification, recieved the report and the freeze within 4 days. I mailed a letter to the ARS with one form of identification requeting a report and a freeze to the ARS and recieved my report shortly after. I faxed my mom's request and her driver's license to the ARS with a request for a freeze and a report and recieved the report and freeze in 3-4 days in the mail.
I literally copied and pasted these letters on this website and filled in my info on the lines: http://travelwithgrant.com/credit-cards/freezing-your-ars-and-ida-credit-reports/

Thank you so much I will fax my info to ARS tomorrow

Re: US Bank denial

-Wade- — Wed, 07 May 2014 02:25:42 GMT

@NursePurse wrote:
@-Wade- wrote:
@NursePurse wrote:
Froze IDA and ARS a couple of weeks ago and requested reports for both at the same time
Creditors on my IDA report: Discover
Creditors on my ARS report: Capital One, Barclay's, NFCU, Target, Chase, U.S. Bank (from an app 3 months ago)
Hey Nurse, did you have to fax your info to ARS ????? I already Faxed my info to IDA

EDIT : Where they HP or SP's??? Trying to understand how they work.

THX WaFor me
@-Wade- wrote:
@NursePurse wrote:
Froze IDA and ARS a couple of weeks ago and requested reports for both at the same time
Creditors on my IDA report: Discover
Creditors on my ARS report: Capital One, Barclay's, NFCU, Target, Chase, U.S. Bank (from an app 3 months ago)
Hey Nurse, did you have to fax your info to ARS ????? I already Faxed my info to IDA

EDIT : Where they HP or SP's??? Trying to understand how they work.

THX Wade
They were all hp's on either TU, Eq, or Exp. But that was just from a normal credit app. I believe they check your ARS or IDA and the inquiries on there are separate from TU, Eq, or Exp. I've read that the IDA and ARS reports to not constitute a denial or approval, but I'm not 100% sure and the fact that those creditors checked that report makes me believe that the IDA and ARS reports may be a factor in a denial or approval because why else would Chase, Discover, U.S. Bank, etc even check those 2 reports? I did get a chase amazon visa approval after I froze both ARS and IDA

I have to agree with you, why would they check them if it didn't matter

Thanks again for the info

Re: US Bank denial

NursePurse — Wed, 07 May 2014 02:33:23 GMT

@-Wade- wrote:
@NursePurse wrote:
@-Wade- wrote:
@NursePurse wrote:
Froze IDA and ARS a couple of weeks ago and requested reports for both at the same time
Creditors on my IDA report: Discover
Creditors on my ARS report: Capital One, Barclay's, NFCU, Target, Chase, U.S. Bank (from an app 3 months ago)
Hey Nurse, did you have to fax your info to ARS ????? I already Faxed my info to IDA

EDIT : Where they HP or SP's??? Trying to understand how they work.

THX WaFor me
@-Wade- wrote:
@NursePurse wrote:
Froze IDA and ARS a couple of weeks ago and requested reports for both at the same time
Creditors on my IDA report: Discover
Creditors on my ARS report: Capital One, Barclay's, NFCU, Target, Chase, U.S. Bank (from an app 3 months ago)
Hey Nurse, did you have to fax your info to ARS ????? I already Faxed my info to IDA

EDIT : Where they HP or SP's??? Trying to understand how they work.

THX Wade
They were all hp's on either TU, Eq, or Exp. But that was just from a normal credit app. I believe they check your ARS or IDA and the inquiries on there are separate from TU, Eq, or Exp. I've read that the IDA and ARS reports to not constitute a denial or approval, but I'm not 100% sure and the fact that those creditors checked that report makes me believe that the IDA and ARS reports may be a factor in a denial or approval because why else would Chase, Discover, U.S. Bank, etc even check those 2 reports? I did get a chase amazon visa approval after I froze both ARS and IDA

I have to agree with you, why would they check them if it didn't matter
Thanks again for the info

No problem!

Re: US Bank denial

srchick — Wed, 07 May 2014 02:54:17 GMT

NursePurse: Very curious: What are ARS and IDA reports in relation to the regular "big 3" bureaus????