@jgodfrey82 wrote:
To everyone denied, don't give up if you think you should have been approved, call and speak to a CSR. I joined, immediately apped and was denied on 9/24 due to "excessive obligations". Which really isn't correct. I called this morning and asked for recon, she said it was a committee and would take a while to recon, put me on hold a few minutes, and told me the lending manager said to put another app in and she would review. I went for it, just got email approval and docs to sign, 30K at 9.9%. Logged in to check status and no new app was filed, they just approved the original app from 9/24. Status says "funded". Checked EX backdoor, shows 4 SP, nothing since 9/24 though, so they even used the original pull.
I told them my "excessive obligations" probably came from my amex charge which is PIF every month, she said yes it was probably why and they would manually adjust it to calculate as a 2% monthly min.
The CSR laughed when she gave me the application # and said they had been really busy with apps this week!
Thanks everyone, can't wait for my galaxy card!
Wow that's great, congrats! Your persistence paid off big time.
After I was instant approved for membership and $20k card, I applied for PLOC on 9/23 which went to pending. Today it was denied, I'm guessing for sufficient available credit. But I still managed to get the card funded (and reporting) all with soft pulls.
ETA: Offical reason for PLOC decline is "excessive available credit, unacceptable references."
