Apple Card denied - DPs

[CreditCuriosity]

Disputing accurate info is a no-no.. Also removed a post advertising a credit repair company.  BK is also a public record even if removed if CRA scan public records again it would be reinserted and new lender would see and possibly have issues.  regardless please don't be discussing particular credit repair companies here or removing legit items from credit reports.  The only true credit repair is time or getting a company to PFD anything else will come back and most likely byte you in arse and be reinserted into you report even if it was temporary removed..  Thank you.

[Smooth_J]

Well, I tried to apply for the Apple Card today, and was denied. Since I never received an email, I called to talk to someone from Goldman Sachs to get some answers.

I was told that the reason I was denied was because a bank closed my credit card (inactive account) vs me closing it out on my own. Otherwise, my score was perfect at 746. So I went to my TU report, and sure enough, I had an old account that I never really used that was closed back in 8/2017 due to inactivity.

Anyone have any ideas on how I can convince Goldman Sachs? I tried to talk to the rep from Goldman Sachs, but they advised that since the system is automated, there is no way to any manual review and approval.

Also, how often does the SP last with Goldman Sachs so I can try again?

[OmarGB9]

I've literally never heard that as a denial reason...sounds like a fake reason. I'd HUCA (hang up and call again) and ask a different CSR, and if they still give you a random reason, ask to speak to a supervisor.

[Anonymous]

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@OmarGB9 wrote:
I've literally never heard that as a denial reason...sounds like a fake reason. I'd HUCA (hang up and call again) and ask a different CSR, and if they still give you a random reason, ask to speak to a supervisor.

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It's not a fake reason. There were multiple people who were denied for the same reason when the card first launched. Goldman is sensitive to accounts closed by credit grantor. They're the only creditor I'm aware of who is sensitive to that reason. 

[thornback]

Wow - what a lousy denial reason. I could see if they knew it was closed due to other issues - like returned payments or something but for inactivity to be the reason to deny credit years later is kinda wild.

Sorry, Smooth...

Edit: Granted, 2017 is not "years later" - rather pretty recent - but still...

[OmarGB9]

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@Anonymous wrote:

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@OmarGB9 wrote:
I've literally never heard that as a denial reason...sounds like a fake reason. I'd HUCA (hang up and call again) and ask a different CSR, and if they still give you a random reason, ask to speak to a supervisor.

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It's not a fake reason. There were multiple people who were denied for the same reason when the card first launched. Goldman is sensitive to accounts closed by credit grantor. They're the only creditor I'm aware of who is sensitive to that reason. 

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Wow well that's ridiculous. I'd understand if it was closed for being maxed out for a long time and/or CO'd of course, but for inactivity? 

[Anonymous]

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@thornback wrote:
Wow - what a lousy denial reason. I could see if they knew it was closed due to other issues - like returned payments or something but for inactivity to be the reason to deny credit years later is kinda wild.

Sorry, Smooth...

Edit: Granted, 2017 is not "years later" - rather pretty recent - but still...

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Unfortunately credit reports don't say when the creditor closed the account so it seems like Goldman is defaulting to seeing it as an absolute negative reason. Or maybe they view closed for inactivity as a negative in and of itself anyway. 

[Anonymous]

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@OmarGB9 wrote:

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@Anonymous wrote:

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@OmarGB9 wrote:
I've literally never heard that as a denial reason...sounds like a fake reason. I'd HUCA (hang up and call again) and ask a different CSR, and if they still give you a random reason, ask to speak to a supervisor.

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It's not a fake reason. There were multiple people who were denied for the same reason when the card first launched. Goldman is sensitive to accounts closed by credit grantor. They're the only creditor I'm aware of who is sensitive to that reason. 

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Wow well that's ridiculous. I'd understand if it was closed for being maxed out for a long time and/or CO'd of course, but for inactivity? 

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As I said, the credit report doesn't specify why a creditor closed a card but let's face it, most of the time it's a negative reason so they may have a point. 

[thornback]

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@Anonymous wrote:

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@thornback wrote:
Wow - what a lousy denial reason. I could see if they knew it was closed due to other issues - like returned payments or something but for inactivity to be the reason to deny credit years later is kinda wild.

Sorry, Smooth...

Edit: Granted, 2017 is not "years later" - rather pretty recent - but still...

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Unfortunately credit reports don't say when the creditor closed the account so it seems like Goldman is defaulting to seeing it as an absolute negative reason. Or maybe they view closed for inactivity as a negative in and of itself anyway. 

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Oh yes, I realize that -  that's why I worded it as "if they knew" --  just seems, to me, like it's not something that should be automatically deemed as a negative since the underlying reason is unknown.... but, I digress, we all know nuance is lost in the credit world.

[Remedios]

Let me get this straight...approve with lates, COs, BK, deny for closed account?

GS is as prepared to issue CCs as I am to fly a spaceship.