Blispay decline reasons

Anonymous · ‎05-18-2016

I've seen some threads and posts about people being declined with scores in the 700s. I haven't seen a lot about the specific reasons that have been given by blispay for the required Dodd-Frank letter decline reasons. I know it's personal, but would anyone that has been declined be willing to share the reasons given by Blispay for declining? Especially those with high scores. Thanks

Blackbeauty212 · ‎05-19-2016

@Anonymous wrote:
I've seen some threads and posts about people being declined with scores in the 700s. I haven't seen a lot about the specific reasons that have been given by blispay for the required Dodd-Frank letter decline reasons. I know it's personal, but would anyone that has been declined be willing to share the reasons given by Blispay for declining? Especially those with high scores. Thanks

Things like too many new accounts, recent INQs, any recent baddies.

CreditCuriosity · ‎05-19-2016

Unable to identity information is another big one for them

Anonymous · ‎05-19-2016

@Anonymous wrote:
I've seen some threads and posts about people being declined with scores in the 700s. I haven't seen a lot about the specific reasons that have been given by blispay for the required Dodd-Frank letter decline reasons. I know it's personal, but would anyone that has been declined be willing to share the reasons given by Blispay for declining? Especially those with high scores. Thanks

Declined by Blispay for: Unable To Verify Identity

Offered to send verification and they declined, CSR said they didn't need it.

Anonymous · ‎05-19-2016

My denial reason(s) are as follows once I got my letter in the mail.

Excessive obligations in relation to income.
length of time accounts have been established.
lack of recent installment loan information.

number of recent inquiries.
length of revolving accounts.

But the main highlighted reason is most likely that I have 4700 in credit, but only make 10k a year <.<

*edit.
I hopped out of the garden for it because it's considered an installment loan.
T.T Which as you can see above, is something my profile needs lol.
I'll wait until november to try again

Anonymous · ‎05-19-2016

I'm waiting for my letter. Got denied on end of an app spree and only pulled trigger with hopes of HTL. Anyone know when you can reapply? Or has it not been around long enough to establish that?

CreditCuriosity · ‎05-19-2016

@Anonymous wrote:
I'm waiting for my letter. Got denied on end of an app spree and only pulled trigger with hopes of HTL. Anyone know when you can reapply? Or has it not been around long enough to establish that?

6 months to reapply

Anonymous · ‎05-19-2016

@CreditCuriousity wrote:
@Anonymous wrote:
I'm waiting for my letter. Got denied on end of an app spree and only pulled trigger with hopes of HTL. Anyone know when you can reapply? Or has it not been around long enough to establish that?
6 months to reapply

Thanks!

Anonymous · ‎05-20-2016

@Anonymous wrote:
My denial reason(s) are as follows once I got my letter in the mail.

Excessive obligations in relation to income.
length of time accounts have been established.
lack of recent installment loan information.
number of recent inquiries.
length of revolving accounts.

But the main highlighted reason is most likely that I have 4700 in credit, but only make 10k a year <.<

*edit.
I hopped out of the garden for it because it's considered an installment loan.
T.T Which as you can see above, is something my profile needs lol.
I'll wait until november to try again

strange. i thought they don't ask income?!?

btw if you need installment loan. this thread might benefit you. ~ http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Adding-an-installment-loan-the-Share-Secure-technique/td-p/4506756

UncleB · ‎05-20-2016

@Anonymous wrote:
@Anonymous wrote:
My denial reason(s) are as follows once I got my letter in the mail.

Excessive obligations in relation to income.
length of time accounts have been established.
lack of recent installment loan information.
number of recent inquiries.
length of revolving accounts.

But the main highlighted reason is most likely that I have 4700 in credit, but only make 10k a year <.<

*edit.
I hopped out of the garden for it because it's considered an installment loan.
T.T Which as you can see above, is something my profile needs lol.
I'll wait until november to try again
strange. i thought they don't ask income?!?

btw if you need installment loan. this thread might benefit you. ~ http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Adding-an-installment-loan-the-Share-Secure-technique/td-p/4506756

+1

When I got mine a few days ago there was no income or employment question at all. Perhaps when it first came out some people were asked?

That link has some great info on installment loans for FICO purposes... I highly recommend anybody that needs to 'check the box' for FICO purposes to give it a look!