No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
So I was a bit bored at work and decided to check if I could preqauilify for Credit One Credit Card. Yes I only have one credit card which is 4 years old, which the current balance is $87 on $4500 limit. I have had perfect payment history for the past 4 years, no lates no issues. I let my charges off go in 2008, which was 11 years ago on several cards. I have checked my Fico 800 and above and Vantage which is at 760, I was suprised that I was denied for the following factors:
Reasons for Denial of Credit
Your application was processed by a credit scoring system that assigns a numerical value to the various items of information we consider in evaluating an application. These numerical values are based upon the results of analyses of repayment histories of large numbers of customers.
The information you provided in your application did not score a sufficient number of points for approval of the application. The reasons you did not score well compared with other applicants were:
You have too few credit accounts
Balances relative to credit limits reported on revolving accounts
Number of accounts
Delinquency reported on accounts
Information about Your Credit Score
We also calculated a custom risk score from information contained in your credit report obtained from the above listed consumer reporting agency and used it in making our credit decision. Your credit score is a number that reflects the information in your credit report. Your credit score can change, depending on how the information in your credit report changes.
Your credit score: 422
Date: 2/5/2019
Scores range from a low of 300 to a high of 900
Key factors that adversely affected your credit score:
You have too few credit accounts
Balances relative to credit limits reported on revolving accounts
Number of accounts
Delinquency reported on accounts
Number of inquiries
So I just checked my Experian credit report, which is where this denial came from and its clean, No Delinquency reported on accounts?
Balance is low, Yes I only have 1 account showing on Experian. I have zero inquires for the 2 past years What gives?
Reasons for Denial of Credit
Your application was processed by a credit scoring system that assigns a numerical value to the various items of information we consider in evaluating an application. These numerical values are based upon the results of analyses of repayment histories of large numbers of customers.
The information you provided in your application did not score a sufficient number of points for approval of the application. The reasons you did not score well compared with other applicants were:
You have too few credit accounts
Balances relative to credit limits reported on revolving accounts
Number of accounts
Delinquency reported on accounts
Information about Your Credit Score
We also calculated a custom risk score from information contained in your credit report obtained from the above listed consumer reporting agency and used it in making our credit decision. Your credit score is a number that reflects the information in your credit report. Your credit score can change, depending on how the information in your credit report changes.
Your credit score: 422
Date: 2/5/2019
Scores range from a low of 300 to a high of 900
Key factors that adversely affected your credit score:
You have too few credit accounts
Balances relative to credit limits reported on revolving accounts
Number of accounts
Delinquency reported on accounts
Number of inquiries
This was based off Experian which I immedility pulled for free based off this soft pull PREQUAL. There is no Delinquencies reported on accounts? Current balance has been $150, $87, and $57 of $4500 credit limit past 3 months, zero inquires in the last 2 years. My Discover Fico show 800 and above and my Tansunion Vantage shows 761. Yes I only have one credit card, which is 4 years old but where is that 422 credit score coming from?
Trust me nothing is lurking Ive been very focused on checking my 3 credit stores at least every 6 months and current shows no inquires, deliquent accounts, my credit profile has been clean since 2015 when charge off where dropped and I made sure everyone one of those wiped off and its been clean since than
@Anonymous
I merged the two threads discussing this matter into this.
I mean I get what your saying to not sweet this Credit None but that stuff annoys when they pull out false info, Im going open a case with the CFPB (which will do nothing) but have Credit None have someone do work on thier end to answer the complaint ...Enough complaints at some point will open eyes with them....Yes Id like to add 2 more cards within the next 3 months spaced apart pulls too