topic Re: Is Capital One drunk or am I missing something? in General Credit Topics

Is Capital One drunk or am I missing something?

Katheryne88 — Tue, 08 Sep 2020 01:18:48 GMT

I did AZE0 last month to see some score changes because we are in the mortgage process..

I have 2 CapOne QS cards: both were $1200 CL.

I asked for a CLI and got one raised to $1600 and for the other card it was denied, the letter said my revolving accounts are maxed out (they weren't even before I paid them all to $0) in comparison to my income, and that my score is 508 according to EQ.

I had a MF update of scores today and all my scores Fico8 are above 640, my EQ is the lowest at 641. Even looking at the bankard scores I don't have any scores in the 500's

Any idea where CapOne could be getting this info?

Re: Is Capital One drunk or am I missing something?

dragontears — Tue, 08 Sep 2020 01:21:40 GMT

@Katheryne88 wrote:
I did AZE0 last month to see some score changes because we are in the mortgage process..

I have 2 CapOne QS cards: both were $1200 CL.
I asked for a CLI and got one raised to $1600 and for the other card it was denied, the letter said my revolving accounts are maxed out (they weren't even before I paid them all to $0) in comparison to my income, and that my score is 508 according to EQ.

I had a MF update of scores today and all my scores Fico8 are above 640, my EQ is the lowest at 641. Even looking at the bankard scores I don't have any scores in the 500's

Any idea where CapOne could be getting this info?

From months ago? It has been reported that cap1 can use scores from SP done months ago (I think it is believed they update their scores for you once a quarter but I could be wrong on the exact time frame)

Re: Is Capital One drunk or am I missing something?

AllZero — Tue, 08 Sep 2020 01:22:50 GMT

Maybe it's EQ5 score? From my understanding, Capital One may not pull the latest report. They may be using your old report from months ago.

Re: Is Capital One drunk or am I missing something?

Katheryne88 — Tue, 08 Sep 2020 01:25:58 GMT

So they're drunk 😂.. it is decided!

that would make sense although it's hard to believe I had a score of 508 at some point and they're just too lazy to pull it again.

Re: Is Capital One drunk or am I missing something?

AllZero — Tue, 08 Sep 2020 01:31:10 GMT

@Katheryne88 wrote:
So they're drunk 😂.. it is decided!

Congratulations on your one CLI!

Re: Is Capital One drunk or am I missing something?

SouthJamaica — Tue, 08 Sep 2020 13:42:37 GMT

@Katheryne88 wrote:
I did AZE0 last month to see some score changes because we are in the mortgage process..

I have 2 CapOne QS cards: both were $1200 CL.
I asked for a CLI and got one raised to $1600 and for the other card it was denied, the letter said my revolving accounts are maxed out (they weren't even before I paid them all to $0) in comparison to my income, and that my score is 508 according to EQ.

I had a MF update of scores today and all my scores Fico8 are above 640, my EQ is the lowest at 641. Even looking at the bankard scores I don't have any scores in the 500's

Any idea where CapOne could be getting this info?

Capital One is usually using EQ FICO 5.

Re: Is Capital One drunk or am I missing something?

FlaDude — Tue, 08 Sep 2020 21:50:14 GMT

@Katheryne88 wrote:
that would make sense although it's hard to believe I had a score of 508 at some point and they're just too lazy to pull it again.

That raises a question, do lenders have to pay each time they request a credit report/score, or do they have some kind of subscription and not pay by transaction? If the former, I could see why they might skip getting a current score.

Re: Is Capital One drunk or am I missing something?

Remedios — Wed, 09 Sep 2020 13:38:40 GMT

Cap one soft pulls every month just like any other lender, but they do AR every four months.

You can easily recognize those on your CR because they state Account Review.

Score from AR is used in decision making for four months till new AR is done.

It is EQ 5.

Re: Is Capital One drunk or am I missing something?

M_Smart007 — Wed, 09 Sep 2020 14:06:55 GMT

@Katheryne88 wrote:
So they're drunk 😂.. it is decided!

that would make sense although it's hard to believe I had a score of 508 at some point and they're just too lazy to pull it again.

It cost them to pull .. so can't be to generous with that

Re: Is Capital One drunk or am I missing something?

M_Smart007 — Wed, 09 Sep 2020 14:07:52 GMT

@Katheryne88 wrote:

I asked for a CLI and got one raised to $1600

Congratulations on your CLI

Re: Is Capital One drunk or am I missing something?

Anonymous — Sun, 13 Sep 2020 03:12:52 GMT

This is good to know because I was going to ask for a Capital One increase this week. I'm going to see when the last time they reviewed my account. Did you check your credit wise? It may have the data.