Citi CC denied - whoops

[hyn380]

Guy on the phone (when I originally called to get denial reason) said I needed to get a "hard copy" of Eq because there may be an issue with the way it's reporting. I got a complete copy of my Equifax report - may have found the issue? 

Under each account, the "Owner" is listed as "undesignated". Is it supposed to say "authorized user" instead? 

[AndySoCal]

@hyn380  You found the problem !  I would  dsipute it

[teekay629]

I definitely feel you on this. I had/have the same situation. I am an authorized user on two of my dad's accounts from when he was paying for my wedding. It was easier for him to add me and I pay as needed over having to ask him every time, waiting for a check, and cashing, and then paying.

He is usually has them both at $0 or very low and paid off shortly. Earlier this year, he charged to them and he has not paid them off. That is unlike him since I know he is not the type to pay interest. I have gone back and forth on whether to ask him to remove me. But I thought I would wait for him to pay them. He still has not and I do not want to ask since he did me a favor after the wedding and kept me on so that it added to my credit - but in a good way. 😂

It also stunk that I was on the Path to Apple Card and I had one more month of on-time payments to complete but then these balances hit and skyrocketed the balance threshold they wanted to see.

[Anonymalous]

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@hyn380 wrote:

Guy on the phone (when I originally called to get denial reason) said I needed to get a "hard copy" of Eq because there may be an issue with the way it's reporting. I got a complete copy of my Equifax report - may have found the issue? 

Under each account, the "Owner" is listed as "undesignated". Is it supposed to say "authorized user" instead? 

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That's interesting. I just checked my Equifax report, and it shows "undesignated" for my AU card as well. It's not a problem in my case because the card always reports $0, but I'm wondering how common this is.

[hyn380]

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@Anonymalous wrote:

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@hyn380 wrote:

Guy on the phone (when I originally called to get denial reason) said I needed to get a "hard copy" of Eq because there may be an issue with the way it's reporting. I got a complete copy of my Equifax report - may have found the issue? 

Under each account, the "Owner" is listed as "undesignated". Is it supposed to say "authorized user" instead? 

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That's interesting. I just checked my Equifax report, and it shows "undesignated" for my AU card as well. It's not a problem in my case because the card always reports $0, but I'm wondering how common this is.

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I'm curious how common it is too. I can't imagine it's very high on their priority list to correct. 

[hyn380]

I got my rejection letter today (I updated the top of the post as well). It states, "total credit obligations, which include outstanding credit lines, are too high, relative to income".  If I read that correctly, it sounds like that means too much available credit. Based off what I've read here/online, that's the case. If so, I'm won't waste my time applying again. Or at least not until I have a much higher income. 

[AndySoCal]

@hyn380  The reason for that rejection the cards that should be reported as an authorized user is not. Because of that the balances on those cards is being counted as a debt you are responible for and should not be.  You can fix it by disputing those accounts or having them removed from your credit profile. Your choice

Edited to remove typos and poor grammer

[NoMoreE46]

Hey @hyn380 .

Glad you got a solid closure reason on the application.  Keep in mind that most front line CSRs may not have the higher level access to see / provide applicants with the denial reason.  They can only see that one was denied and say a letter will be sent to you. 

[Lou-natic]

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@hyn380 wrote:

I got my rejection letter today (I updated the top of the post as well). It states, "total credit obligations, which include outstanding credit lines, are too high, relative to income".  If I read that correctly, it sounds like that means too much available credit. Based off what I've read here/online, that's the case. If so, I'm won't waste my time applying again. Or at least not until I have a much higher income. 

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Yeah, I'm thinking this is still related to your AU accounts. Unless you do actually have a ridiculous amount of available credit to income...

Even then you should be able to get something like 1.5x your annual income fairly easily. I'm just a little over 1.5x my annual income now and things seem to still be going pretty well as far as credit limits and CLIs just as an example.

[hyn380]

@Lou-natic:

That's a good point. I have $20,800 total CL in my own accounts, so not totally ridiculous. But including AU it's over 100k, which is ridiculous, lol. But I already filed a dispute with Equifax. My rejection letter says I have 60 days for them to reconsider the application, if something changes on my report from the dispute. Maybe Equifax will get their act together soon enough. Now it's just a waiting game!