Apple Card denied - DPs

[RotaryP7]

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@Anonymous wrote:
I posted this in another thread.

I was denied for the card a couple weeks ago. DP’s below:

Transunion SP 730 (I’m thinking this score must be FICO 9).

Reason for denial “Recent past due” - this I agree with. My app was a long shot, I just paid my final CO with AMEX in May, so I expected a denial but tried anyway with the SP. 😆
Income - $210K.
TU Inq - 6 (4 from an Auto Loan in Oct. of ‘18)
UTI - 1%
Outside of CO accounts last late was 1 yr 8 mo ago on an Auto Loan.

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Interesting. Btw, what do you mean with the "CO" accounts. Do you mean collections? I also got the same recent past due. 

[Anonymous]

Denied..

According to Apple my FICO is 764

Annual income is $300,000

DTI is <15%

Reason... "you have recently been past due."

I have a charged-off card from 2013 when I was in medical school which hasn't fallen off yet.  Other than that I haven't been late on anything in almost 7 years.  

.....lol?

[AllZero]

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@Anonymous wrote:

Denied..

According to Apple my FICO is 764

Annual income is $300,000

DTI is <15%

Reason... "you have recently been past due."

I have a charged-off card from 2013 when I was in medical school which hasn't fallen off yet.  Other than that I haven't been late on anything in almost 7 years.  

.....lol?

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Look into early exclusion with Transunion. They offer 6 months early.

[Anonymous]

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@RotaryP7 wrote:

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@Anonymous wrote:
I posted this in another thread.

I was denied for the card a couple weeks ago. DP’s below:

Transunion SP 730 (I’m thinking this score must be FICO 9).

Reason for denial “Recent past due” - this I agree with. My app was a long shot, I just paid my final CO with AMEX in May, so I expected a denial but tried anyway with the SP. 😆
Income - $210K.
TU Inq - 6 (4 from an Auto Loan in Oct. of ‘18)
UTI - 1%
Outside of CO accounts last late was 1 yr 8 mo ago on an Auto Loan.

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Interesting. Btw, what do you mean with the "CO" accounts. Do you mean collections? I also got the same recent past due. 

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Charge Off accounts.

[Anonymous]

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@Anonymous wrote:

Denied..

According to Apple my FICO is 764

Annual income is $300,000

DTI is <15%

Reason... "you have recently been past due."

I have a charged-off card from 2013 when I was in medical school which hasn't fallen off yet.  Other than that I haven't been late on anything in almost 7 years.  

.....lol?

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So this has been covered in the big Apple thread but it’s important enough to repeat. Goldman Sachs is checking so many credit agencies for the Apple Card they might as well be Capital One with their triples pulls.

Yes, everyone knows they are checking TU. But they are also checking Sagestream, ChexSystems, CoreLogic and Factor Trust.

Sagestream - smaller bureau,  not as diligent about age things off

ChexSystems - if your checking at any bank went negative at any time you were dinged for NSF (5 years iirc)

CoreLogic - apartment/housing rental history

Factor Trust owned by TU. Short term loans

[RotaryP7]

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@Anonymous wrote:

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@Anonymous wrote:

Denied..

According to Apple my FICO is 764

Annual income is $300,000

DTI is <15%

Reason... "you have recently been past due."

I have a charged-off card from 2013 when I was in medical school which hasn't fallen off yet.  Other than that I haven't been late on anything in almost 7 years.  

.....lol?

---

So this has been covered in the big Apple thread but it’s important enough to repeat. Goldman Sachs is checking so many credit agencies for the Apple Card they might as well be Capital One with their triples pulls.

Yes, everyone knows they are checking TU. But they are also checking Sagestream, ChexSystems, CoreLogic and Factor Trust.

Sagestream - smaller bureau,  not as diligent about age things off

ChexSystems - if your checking at any bank went negative at any time you were dinged for NSF (5 years iirc)

CoreLogic - apartment/housing rental history

Factor Trust owned by TU. Short term loans

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Interesting. Apple did say they were checking 4 different bureau's when applying for that Apple Card. I've never heard of Factor Trust but I'm sure they have something on me. 

[Anonymous]

Never planned on actually owning the card, but I got curious  to see what sort of offer I might get if I applied on the soft pull - I tried it out and was immediately declined. They pulled 751 score, which was probably a TU Fico 9 score. Their reason for the decline was a "recent" charge-off - I do have a collections account that was paid but shows as a charge-off, but that was from 15 months ago. Oddly enough, I was approved for the Amex Gold, Amex Plat, and CSR all within the past few months with slightly lower scores. 

I guess GS just has different standards, not that I'm missing out on much, hehe. 

[Anonymous]

I remember reading somewhere that  Factor Trust is used in the pay day loan industry.

Strange that they are reviewing all of these not so common credit reports.  Only thing i can think of, is maybe they use these reports as a 2nd attempt to approve the application if the regular credit report doesnt pass.  ie. if transunion doesnt pass, maybe they will approve the application if all other reports are clear.  Im only thinking this since Apple said they wanted everyone to be able to qualify for the new card.  Or it could be that all of these reports have to pass, guess its just too new to know what Goldman Sachs is looking at.  Also strange, that alot of applicants who have applied in this topic have a much better credit rating than me, with double the annual income.  I guess i should stop complaining of my low $250 limit on my new apple card and be thankful i was approved lol

[Anonymous]

@vegasdude21 Certainly! I love the new Apple Card!! My cash back lands in my account within a day and they did start me with 6.5k at 23.99% apr with a bk on my record. I barely use $100 so I think I would survive with $250 limit. :-). Plus, you know they are going to modify it eventually!

[Anonymous]

Congrats on ur Apple approval, wow that’s a great starting limit. Slowly but surely I’ll get there, I’d say I’m on the right track 😎