Apple Card denied - DPs

[audio-disabled]

Because I am interpreting "past dues" as late payments, not BK. Am I wrong to think this way? 

While applying for credit, I do get rejections with the reasons of BK. But this one didn't specify that, but specified past dues. 

[Meanmchine]

Yes you are.  I suggest you visit our Bankruptcy section and our Understanding FICO scoring for more personalied information concerning your situation.  Good luck

[Anonymous]

Same. TU score 723. 3% utilization. No other hits, inquiries, BK’s. Last late payment was 7 years ago. 

Called TU and they said there were no recent past due payments, so they’re investigating, but not expecting a different outcome. I’ve seen a few other people say they were declined for this reason with no recent past dues, wonder what the deal is.

[Meanmchine]

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@Anonymous wrote:

Same. TU score 723. 3% utilization. No other hits, inquiries, BK’s. Last late payment was 7 years ago. 

Called TU and they said there were no recent past due payments, so they’re investigating, but not expecting a different outcome. I’ve seen a few other people say they were declined for this reason with no recent past dues, wonder what the deal is.

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Any collection accounts?

Also, what is your months since last negative?  ( you can get this for free on CK )

EDIT  It is easier to find on CCT or Experian.Com ( free )  by clicking menu / credit reports

[Anonymous]

Last negative was 2 years 3 months ago. Unsure what it’s referring to - Experian doesn’t show any details on what that means - but it’s most likely a hard inquiry for another card I applied for about that time (and was approved for).

The one account I’m waiting to drop off my report was sent to collections and was charged off. Settled back in 2013, and the estimated date it’ll be removed from my credit report is in October. That’s the only account that I’m thinking might be causing it, but it’s not really a “recent past due”.

[Meanmchine]

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@Anonymous wrote:

Last negative was 2 years 3 months ago. Unsure what it’s referring to - Experian doesn’t show any details on what that means - but it’s most likely a hard inquiry for another card I applied for about that time (and was approved for).

The one account I’m waiting to drop off my report was sent to collections and was charged off. Settled back in 2013, and the estimated date it’ll be removed from my credit report is in October. That’s the only account that I’m thinking might be causing it, but it’s not really a “recent past due”.

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2y 3m from last negative is the issue you have.  Please take this to understanding FICO Scoring section for more info

[Brian_Earl_Spilner]

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@audio-disabled wrote:

Because I am interpreting "past dues" as late payments, not BK. Am I wrong to think this way? 

While applying for credit, I do get rejections with the reasons of BK. But this one didn't specify that, but specified past dues. 

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Yes, because bankruptcy typically forces you to miss your payments. Most lenders won't go back further than 2 years to cite recent past dues, but like what's been said before, BK is as bad as it gets now that judgements are no longer reported.

[Anonymous]

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@Meanmchine wrote:

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@Anonymous wrote:

Last negative was 2 years 3 months ago. Unsure what it’s referring to - Experian doesn’t show any details on what that means - but it’s most likely a hard inquiry for another card I applied for about that time (and was approved for).

The one account I’m waiting to drop off my report was sent to collections and was charged off. Settled back in 2013, and the estimated date it’ll be removed from my credit report is in October. That’s the only account that I’m thinking might be causing it, but it’s not really a “recent past due”.

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2y 3m from last negative is the issue you have.  Please take this to understanding FICO Scoring section for more info

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Thanks, I've opened a new thread. It was actually 2 years 7 months - still doesn't jive with what I'm seeing in the account summaries, and in Score Ingredients it says my last late payment was 5 years 10 months ago.

[rayray7787]

I received denial of "recent past due" with 718 TU score and $131,000 income. I have a past due that is over 4 years old. Have CSP with 22,400 limit and with 3% util and really don't know what they are looking for as far as customer base. On reddit some have been approved with far less income and low to middle 600s score. Approvals seem totally random.

[tparks5961]

I would imagine that the people that got in early with mediocre scores are all lucky.

I'm sure many of millions of people want the new apple card, and there is no way they can extend them all credit the first week.. I think as time goes on, they'll tighten the requirements and can pretty much pick and choose who they let in.

This whole process is newe to both Goldman Sachs and Apple.. They'll learn and adapt pretty quickly..