topic Re: Barclays Recon Denied in Rebuilding Your Credit

Barclays Recon Denied

Anonymous — Mon, 28 Oct 2013 14:17:48 GMT

So...I applied for the Barclays rewards card for average credit. I got denied and recently got the letter stating it's because of "insufficient number of credit cards on your credit report." Granted, I don't have any credit cards on my report because I screwed up when I was in college. Whoops.

Anyway, the guy was very nice but stated they needed to see a credit card on my credit first in order to grant me a card. Any advice on a partially secured/secured card/unsecured card to help rebuild credit? I know First Premier isn't a good one, so I was hoping for advice on a different card.

I do have my BMW lease reflecting on my credit, which is helping, but I literally have zero credit cards. HA!

Any help would be greatly appreciated. Thanks in advance!

Re: Barclays Recon Denied

creditscoreEE — Mon, 28 Oct 2013 14:36:49 GMT

Do you have any baddies? Do you have a checking and savings account at a local credit union? I was appRoved a secured card at my local credit union with a couple of medical bills in collection. Cap one also approves easily. Bank of America is a little bit harder too get but it graduates. If not open sky secured doesn't do a credit check.

Re: Barclays Recon Denied

newmomnewme — Mon, 28 Oct 2013 14:40:49 GMT

Did you try Capital One? They have a credit steps program...I got two cards with them before Barclays approved me for a $500 CL ....when I called for a recon they said no...LOL

Re: Barclays Recon Denied

Anonymous — Mon, 28 Oct 2013 14:51:18 GMT

I did try Cap One, but they actually denied me a secured card, which is weird because I have never had a card with them ever. :/

Re: Barclays Recon Denied

creditscoreEE — Mon, 28 Oct 2013 14:53:52 GMT

Did you get the reason for denial?

Re: Barclays Recon Denied

creditscoreEE — Mon, 28 Oct 2013 15:17:25 GMT

Opensky secured is an instant approval if im not mistaken you can apply online.

Re: Barclays Recon Denied

buildafico — Mon, 28 Oct 2013 19:09:04 GMT

Any idea what your scores are? Derogatories?

Re: Barclays Recon Denied

Scupra — Mon, 28 Oct 2013 19:09:35 GMT

@Anonymous wrote:
I did try Cap One, but they actually denied me a secured card, which is weird because I have never had a card with them ever. :/

Also would like to know why they declined you.. Seems odd for someone with no baddies and a lease reporting.

Re: Barclays Recon Denied

buildafico — Mon, 28 Oct 2013 19:14:26 GMT

I've heard cap1 might initially deny applications because of no address match. Have you moved since you got that lease?

Re: Barclays Recon Denied

Anonymous — Thu, 04 Dec 2014 05:55:18 GMT

I received the same letter from Barclays today. I have not had any credit cards in years and so I opened a fingerhut account to estblish credit and bought and paid for a couple things there. I have student loans that are paid on time 100% for the pass four years. I have 0 debt and my credit scores are 727,707 and 672 and yet I was denied their card. No, one seems to want to give me a card and cannot figure out why I have tried twice in the last year, but do not want hard hits to my credit score trying to get a card. Any suggestions? I refuse to go the repaid credit card route I think my score warrants better than having to do that, but who knows?? Help Please.

Re: Barclays Recon Denied

MarineVietVet — Thu, 04 Dec 2014 11:21:10 GMT

@Anonymous wrote:
I received the same letter from Barclays today. I have not had any credit cards in years and so I opened a fingerhut account to estblish credit and bought and paid for a couple things there. I have student loans that are paid on time 100% for the pass four years. I have 0 debt and my credit scores are 727,707 and 672 and yet I was denied their card. No, one seems to want to give me a card and cannot figure out why I have tried twice in the last year, but do not want hard hits to my credit score trying to get a card. Any suggestions? I refuse to go the repaid credit card route I think my score warrants better than having to do that, but who knows?? Help Please.

Welcome to myFICO.

May I ask where you got those scores? I ask because most sites out there do not sell FICO scores.

In their letter they are required to explain the reason(s) why you were denied credit, the CRA used to gather information, and the FICO score you had when the application was processed. What were those details?

Re: Barclays Recon Denied

Anonymous — Fri, 05 Dec 2014 01:18:28 GMT

Reason(s) Insufficient number of credit cards on your report. The numbers I listed were credit scores I purchased from all three credit bureau. The score they provided when they pulled my report is listed at 760 on the paper I received in the mail. Now I monitor my credit through trans union and it states trans union as the credit agency they retrieved the information from. the last I looked at my trans union score it was listed at 727 that was on Novermber 19,2014. I have also paid for my FICO score that I purchased when I started the monitoring services. So, unsure exactly why I have been denied now twice for credit and it's frustrating to say the least,but down I will be appying for any other credit cards anytime soon. I only wanted it to build on my score to get it up in the 800's and had only planned to use it every couple months for that purpose and then pay it off each time. Credit is crazy you do all the things to keep all your i's and t's crossed and then there is still not guarantee you will be approved for cards or loans even if you play this game in my opinion.

Re: Barclays Recon Denied

MarineVietVet — Fri, 05 Dec 2014 03:46:37 GMT

@Anonymous wrote:

Reason(s) Insufficient number of credit cards on your report. The numbers I listed were credit scores I purchased from all three credit bureau. The score they provided when they pulled my report is listed at 760 on the paper I received in the mail. Now I monitor my credit through trans union and it states trans union as the credit agency they retrieved the information from. the last I looked at my trans union score it was listed at 727 that was on Novermber 19,2014. I have also paid for my FICO score that I purchased when I started the monitoring services. So, unsure exactly why I have been denied now twice for credit and it's frustrating to say the least,but down I will be appying for any other credit cards anytime soon. I only wanted it to build on my score to get it up in the 800's and had only planned to use it every couple months for that purpose and then pay it off each time. Credit is crazy you do all the things to keep all your i's and t's crossed and then there is still not guarantee you will be approved for cards or loans even if you play this game in my opinion.

Equifax is the only CB that offers a true FICO score. It's the FICO 04 model. But you have to be very careful if you go to their site because they also offer their own proprietaty score which is not used by any lenders.

Neither TU nor EX sell FICO scores from their websites.

A 760 TU FICO is very, very good but scores are not the only items examined during an application.

But it sounds like you are in very good shape. You absolutely do not have to have even a single credit card to obtain high scores. You are just the latest example of it.

Re: Barclays Recon Denied

Anonymous — Mon, 08 Dec 2014 21:35:21 GMT

@Anonymous wrote:
Reason(s) Insufficient number of credit cards on your report. The numbers I listed were credit scores I purchased from all three credit bureau. The score they provided when they pulled my report is listed at 760 on the paper I received in the mail. Now I monitor my credit through trans union and it states trans union as the credit agency they retrieved the information from. the last I looked at my trans union score it was listed at 727 that was on Novermber 19,2014. I have also paid for my FICO score that I purchased when I started the monitoring services. So, unsure exactly why I have been denied now twice for credit and it's frustrating to say the least,but down I will be appying for any other credit cards anytime soon. I only wanted it to build on my score to get it up in the 800's and had only planned to use it every couple months for that purpose and then pay it off each time. Credit is crazy you do all the things to keep all your i's and t's crossed and then there is still not guarantee you will be approved for cards or loans even if you play this game in my opinion.

Unfortunately, if you want to have credit (more than just a score) you HAVE to play their game, and it requires that you start 'somewhere'. One of Barclays requirements is that you ALREADY have another card. I would suggest you go to the Capital One site, and click on the Pre-Qual button to see what you already qualify for. Cap One is not nearly as restrictive as Barclays is, so you should qualify for a number of different cards with your scores. Once you get the Cap1 card, garden it for six months, get the CLI increase, and re-app for the Barclays card.

Re: Barclays Recon Denied

fishbjc — Wed, 10 Dec 2014 15:14:42 GMT

Ok, don't apply for cards until asking HERE. Barclay's is very conservative and you burned an inquiry. Start a bit slower....Capital One, Merrick Bank or a Secured...or possibly a credit union builder card.

Re: Barclays Recon Denied

fishbjc — Wed, 10 Dec 2014 15:16:23 GMT

Boo: Your scores aren't the ONLY factor in receiving credit. You need to PROVE that you can handle credit...and you're not there yet. You need a card in your file that will graduate, then begin the prime credit ladder. Good luck.