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Apple Card denied - due to "recently been past due"

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Valued Contributor

Re: FINALLY GOT THE INVITE FOR THE APPLE CARD!

The screenshots of your credit profile are from Credit Karma which uses VantageScore 3.0 scores and not FICO scores.  So they aren't relevant to the decision made by Goldman Sachs.  Earlier in the thread you said your utilization is 49%.  Assuming that your aggregate utilization, it would be a significant concern to any potential lender as it indicates you're carrying balances roughly equal to half of your available credit lines.  Pay down those balances and your score will go up and you'll probably be approved.





Message 41 of 122
Contributor

Re: FINALLY GOT THE INVITE FOR THE APPLE CARD!

The score itself came from my Discover Credit Scorecard and the rest of it (total accounts, average age) came from Credit Karma. 

 

I appreciate the information and ultimately I agree. I always PIF, but I missed the reporting date on two of my cards by just a few a days for the first time ever so I'm going to have to wait 30 days or so to reapply. Oh well! 

Starting Score: (5/01/2017) -- EXP: 495; TU: 445; EQ: 460
Current Score (07/29/2019): EXP: 675; TU: 691; EQ: 687

Target Red - $800
Discover It Cash Back - $1000
Capital One Quicksilver - $700
US Bank Cash+ Visa Signature - $1000
Message 42 of 122
Frequent Contributor

Re: Apple Card Decline, as expected!

Same here. Seems they don’t want ANY bad stuff on your report. Which is... interesting.

Guess I’ll reapply in 2025. 😂

Message 43 of 122
Established Contributor

Re: Apple Card Decline, as expected!

Sorry for the denial! Based on the recent DPs, under 3 year derogs seemed to be recent to their liking. At least it’s SP so no harm done.
BK7 dc in 01/2011 with FICO8 in the 500s

HPs EX 4 EQ 3 TU 1
AAoA 5y2m
UTIL 1% - 3%

$180K+ Total Limits







New cc TLs 1/12(11 month old) & 3/24
Message 44 of 122
Established Contributor

Re: Apple Card Decline, as expected!


@Adalen wrote:
Same here. Seems they don’t want ANY bad stuff on your report. Which is... interesting.

Guess I’ll reapply in 2025. 😂

Not true.  I have seen plenty of approvals with negatives on reports.  Mine are too recent, and more to the point, a 654 FICO is not going to cut it with those derogitories.

 

I will try again soon, as long as the SP method is in place and my scores continue to improve.

050719:     
081719:     

A regretful expert. I have repaired before, I will repair again. My current goal is 670 FICO08 across the board by November 2019.
Message 45 of 122
Established Contributor

Re: Apple Card Decline, as expected!

Also, just FYI, the "early invitation to apply" email just came in, more than 12 hours after I applied via wallet.

050719:     
081719:     

A regretful expert. I have repaired before, I will repair again. My current goal is 670 FICO08 across the board by November 2019.
Message 46 of 122
Moderator

Re: FINALLY GOT THE INVITE FOR THE APPLE CARD!

Appears you have a really thin profile as well.. Newer to credit?  I am just seeing this from your signature 4 cards if correct.. I also assume it is mainly due to utilization.

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | 5/3rd | Synovus | Commerce | FNBO | Union Bank | Regions
Message 47 of 122
Member

Re: Apple Card denied - due to "recently been past due"

I was also denied with the “past due recently” remark. My score was high 600s, $70K income. I haven’t had any late payments recently, at all. I did have an AMEX account go into collections years ago which I’m paying. But why not just say that? Oh well.
Message 48 of 122
Contributor

Re: FINALLY GOT THE INVITE FOR THE APPLE CARD!

Possibly considered a thin file for revolving lines of credit, but I wouldn't say I'm a thin file overall. I was low 400s back when I started my credit journey in May of 2017 - at this time I had a chargeoff Capital One credit card that I paid off and had removed from my credit report. My oldest credit card is about two years, that's my Cap1 in my sig... and then the other three cards I opened October of 2018 so about a year for those and I haven't opened any additional credit cards since. If we're looking at the overall picture I have 3 paid off auto loans, 4 open currently (which I feel is a huge factor having so much installment loan debt...), several paid off personal loans. As far as a lender is concerned, if they pulled my report today they would see nothing, but positive history, but only roughly two years of it. I think a couple factors include several inquiries, credit utilization and then taking on way too much debt too fast. I essentially took on $100,000 in auto loan debt over the course of the last year.
Starting Score: (5/01/2017) -- EXP: 495; TU: 445; EQ: 460
Current Score (07/29/2019): EXP: 675; TU: 691; EQ: 687

Target Red - $800
Discover It Cash Back - $1000
Capital One Quicksilver - $700
US Bank Cash+ Visa Signature - $1000
Message 49 of 122
Frequent Contributor

Re: Apple Card Decline, as expected!

That’s good to know.

Message 50 of 122
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