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10 to 14 day message AAA Visa Signature

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OneGun
Established Member

Re: 10 to 14 day message AAA Visa Signature

Yeah seems strange as that's the main reason it says for denial.  The other reasons I posted say that's why my fico score is what it is. My only other inquiry was from Comenity in June of 2022 for Petco Card. I am at 8/24 new accounts though 

Message 11 of 14
coldfusion
Community Leader
Mega Contributor

Re: 10 to 14 day message AAA Visa Signature

They have to give anywhere from 1-4 reasons, in order of decreasing relevance in the decision-making process, from a vetted and approved list of (IIRC, about 80) phrases.   When you have that few phrases available to choose from there's a decent probability that there is no 1 perfect match to the actual rationale for rejection to begin with,  often coupled with the fact that it's an autobot making the selection.  As a result one has to often try to read between the lines to figure out the exact reason(s) for the denial.  Given the 1st reason you listed I suspect the biggest concern was the amount of current debt you're carrying vs. your gross income but that's just my opinion.

 

 

(11/2024)
FICO 8 (EX) 850 (TU) 850 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 12 of 14
OneGun
Established Member

Re: 10 to 14 day message AAA Visa Signature

I 100% agree that my debt to income was a major factor. 

Message 13 of 14
Beefy1212
Established Contributor

Re: 10 to 14 day message AAA Visa Signature


@OneGun wrote:

I didn't even read the very bottom lol. 

 

Lack of first mortgage account information 

Lack of installment account information 

Not enough available credit on revolving accounts 

To high proportion of accounts recently opened

 EQ Fico was 713 at the time they pulled it 


That AAA card is a VS4 application, VS scores considers inquiries for 24 not 12 months they also gave me a too many inquiries denial reason, I am pretty sure that is there general non specific statement when they don't like your profile but can't explain why. For me I suspect velocity I had something like 3 new accounts in 2 months.



Message 14 of 14
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