@HeavenOhio wrote:
@Anonymous wrote:
She said they get very concerned with hard pulls that don’t result in new accounts opening (if someone else didn’t give you the credit you asked for, they want to know why).The flaw here is that many credit pulls result in new accounts that aren't reported. Phone cable, and utility bills come to mind as those rarely report. And new bank accounts can result in pulls, even though those never appear on a credit report. It may be that Barclays' computers factor these kinds of things in, or maybe they don't.
When I first started dealing with Barclays, I wasn't aware that every online CLI request I'd made for my low-limit LL Bean card was an automatic hard pull. When I finally figured it out, I had 5 or 6 hard pulls for nothing. When I applied for the Ring card, they denied my application due to too many recent inquiries. I reconned, and they said they don't like to see a lot of new applications for credit. I explained to them that all of the inquiries were with them, for my LL Bean card CLI requests. They verified that, said they could see that that was the case, but that 'the system' wasn't 'letting them' approve me 
I.e., these so-called "analysts" had no authority to override the algorithm.
SJ, I strongly suspect the analyst was simply too embarrassed to admit the real reason they're denying you because they themselves HP'd you way too many times. As mentioned above I was insta-denied by the computer for the Uber Visa, and the analyst had no problem overturning that denial.
So I had a bit too much fun digging around the prospectus for Barclay's ABS and this is what I found: (my comments are in red)
Underwriting and Account Management Procedures
BBD receives applications through a diverse channel mix such as internet webpages, instant prescreen/instant credit, point-of-sale, direct mail, events, and email.
The applications require details of applicants such as name, address, phone number, date of birth, income and social security number among other things. This information is then combined with credit bureau (TransUnion, Experian or Equifax) information such as FICO®; revolving and instalment debt levels; and frequency and recency of delinquency and subsequently analyzed using an internal acquisition risk scoring model. The risk model then determines the correlation between this information and the likelihood of the applicant’s card usage, delinquency, bankruptcy and charge-off etc.
(seems like they do use FICO scores as a starting point, but that then feeds into their internal model which is what the system bases its decision off of)
For applications that are approved by the automated system, credit limits are determined based on the applicant’s income, credit bureau history and model scores.
(notice how it says "credit bureau history" and "model" score not FICO score?)
In addition to automatic lending decisions determined by the model described above, BBD also routes certain applications through a judgmental decisioning process. Judgmental lending decisions are made at a corresponding level of approval as automated decisions, but are used for applications that have unique characteristics that may lead to sub-optimal automated decisions. During this process, BBD takes into account the complete profile of the applicant: credit bureau attributes, and application data as described above as well as information provided by the co-branded partner such as the recency, frequency and the magnitude of relationship with the partner. Additionally, lenders may contact the potential customer directly to obtain information that will contribute to the decision.
(pretty interesting that if you apply for a co-branded Barclay card (which is like 95% of their offerings) and it goes to manual review or you call into recon, your relationship with the co-branded partner could play a role in deciding if you get approved or not)
Source: https://www.sec.gov/Archives/edgar/data/1551423/000120864617000067/c113267.htm#67c
@Anonymous wrote:
You’re correct. Otherwise the analyst looking at your report could just “judge” one based off of their own personal feelings. There has to be some other system they have in place.
I think there are a lot of highly trained people there that do just that.
I applied for CLI and one called me and we talked for like 20 minutes.
She went from no CLI to $3700 CLI after the conversation. I asked for $8700 CLI, LOL.
Her biggest concerns were balances (0% promos) and the fact I never use their card to buy anything, LOL.
Anyway, I think the credit specialist do have a lot of of authority to use their "judge"ment.
Thanks for the this Data OP..... Sorry you didn't win the recon....:/
