Apple Card denied - DPs

[TheFIGuy]

I have received the same reasoning and have no recent past due account or charge-offs. I called TU already and they said I do not have anything past due recently. The only thing that's past due is an old student loan from 2014 with a (30) day late before it was transferred to Nelnet. I'm not too upset seeing I have NFCU and AMEX cards with high limits but it's funny seeing people get approved on reddit with low 600 and limited credit history lol.

[Anonymous]

...declined.

lmao

[Anonymous]

What’s on your TU report? Lates, charge off’s, collections, bankruptcy?

[Anonymous]

Sorry, I was really drunk and super excited for the application and extremely disappointed when I posted this... hahah.

TU came up at a 687. No derogatory marks whatsoever. AAOC is 1.7 years. No charge offs, no collections, no BK. UTI is 49%

[BallBounces]

Last evening I was able to apply in Wallet.  I fully expected a decline, and was almost going to wait until September for attempt number one, but went ahead ... for Science!

As we know, the score that  GS used is a Fico9 from TU. It is certainly not TU FICO8.  They pulled a 654 for me.  My TU FICO8 is 674. 

We also know they don't like past charge offs and recent delinquencies.  Those were my AA reason codes.  I need to look up the date but the (PAID) charge off is over 2 years old, and i do have my most recent late that at 5-6 months old.  

I might give it a whirl in September.  I expect another 10-15 points on TU next month, but have not been tracking non FICO8s yet during my rebuild.   If the FICO9 is still lagging so far behind, I may have to wait longer;  650 with bad guys obviously won't cut it! 

[AverageJoesCredit]

Sorry Sometimes the ball bounces and hits us in the face

[BallBounces]

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@AverageJoesCredit wrote:
Sorry Sometimes the ball bounces and hits us in the face

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I saw it coming and jumped in its way!

(Seriously, the SP method these applications follow made it a no brainer to apply even though I expected rejection).

[Anonymous]

Sorry about the denial, but thanks for the DPs

[Anonymous]

Here's the breakdown of my credit profile currently... the majority of those 54 inquiries are auto loans from essentially 4 different vehicles. The decline reasons listed too many inquiries and too many recent installment trade lines.

[Anonymous]

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@Anonymous wrote:

Here's the breakdown of my credit profile currently... the majority of those 54 inquiries are auto loans from essentially 4 different vehicles. The decline reasons listed too many inquiries and too many recent installment trade lines.

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You shoot for the moon with those inquiries like a rockstar!  I think that might be a contributing factor to the denial- but I could be wrong.