AODFCU - The App is in

[blindambition]

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@RootDet wrote:

I got the distant impression that it is not about the #of accounts, it is more about the amount of available credit-related to my income. I provided them before I got off the phone my projected student loan payment which is literally the only DTI they can calculate here.  Maybe I will get lucky on the reconsideration. I truly did not expect an issue with debt payoff proof. 

I guess a calculated risk that backfired.  At this point, I am pretty much burned going to another CU too. I am too chex heavy for the time being. Enough for UNFCU to not even take my member application!  I had to phone In my report request as they would not allow me to pull it online. 

Back to the garden I go. 

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Hope it works out with recon. They have tightened requirements significantly. I agree with @Gmood1 , you're in! Park some change and take your shot later.

[Gmood1]

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@RootDet wrote:

I got the distant impression that it is not about the #of accounts, it is more about the amount of available credit-related to my income. I provided them before I got off the phone my projected student loan payment which is literally the only DTI they can calculate here.  Maybe I will get lucky on the reconsideration. I truly did not expect an issue with debt payoff proof. 

I guess a calculated risk that backfired.  At this point, I am pretty much burned going to another CU too. I am too chex heavy for the time being. Enough for UNFCU to not even take my member application!  I had to phone In my report request as they would not allow me to pull it online. 

Back to the garden I go. 

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Mine is no different. I have no doubts that if I had waited 2 or 3 weeks. I would have been denied for the same reason. Whether number of new accounts or the total lines available. Which are more than 10 times my income.

Most FIs could care less about that.

I've only seen a handful that have issues with TCL in relation to income.

Chex system bounces back fairly quickly. Definitely not a life sentence having opened a couple of bank accounts. 

[Anonymous]

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@RootDet wrote:

Well, they finally called. I was able to get membership but denied for the card. 

Apparently my proof of no debt si all fine and dandy but is m denied solely for "Excess number of open revolving accounts (21)".  Doesn't sound like they would budge there. 

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That's a bummer. I would go ahead and leave some money in the savings and try again in 6 months. They're obviously tightening up in response to heavy demand. Most CUs will open up with time as a member. 

[M_Smart007]

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@Anonymous wrote:

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@RootDet wrote:

Well, they finally called. I was able to get membership but denied for the card. 

Apparently my proof of no debt si all fine and dandy but is m denied solely for "Excess number of open revolving accounts (21)".  Doesn't sound like they would budge there. 

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That's a bummer. I would go ahead and leave some money in the savings and try again in 6 months. They're obviously tightening up in response to heavy demand. Most CUs will open up with time as a member. 

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+1