cancel
Showing results for 
Search instead for 
Did you mean: 

Does a decline hurt your future chances?

tag
Anonymous
Not applicable

Does a decline hurt your future chances?

Random question, if you app and are declined, minus the fact that you will have another HP on your CR does a decline hurt your future chances if you say reapp in 6 months or a year?

Message 1 of 10
9 REPLIES 9
Anonymous
Not applicable

Re: Does a decline hurt your future chances?

Did you call and have the app recon?   For what were you denied?  How many inq and new accts do you have on your reports? What's your util?  With your scores, I would think a denial would come with some caveat/explanation (i.e. have you previously burned the co?)  The denial reason will tell you better what you should expect with a reapp.

Message 2 of 10
Anonymous
Not applicable

Re: Does a decline hurt your future chances?

Sorry this was a more general question. I'm looking at apping for a couple in the next month. I was mostly generally curious if a decline itself counts against you in future considerations. Not so much the reason for one but just the fact that the company has declined you before.
Message 3 of 10
Anonymous
Not applicable

Re: Does a decline hurt your future chances?

That was my point- the probability of a future decline would be highly dependant upon the reason for the present decline.

Message 4 of 10
Anonymous
Not applicable

Re: Does a decline hurt your future chances?

No with everything else being the same a previous decline doesn't hurt your chances of getting approved in the future aside from any minimum time between apps and of course the hp on your report
Message 5 of 10
Imperfectfuture
Super Contributor

Re: Does a decline hurt your future chances?

With low scores, declined in 2014 for discover. Just got one.
Signature needs updating
Message 6 of 10
Kostya1992
Established Contributor

Re: Does a decline hurt your future chances?

No.

TU08 FICO850
EX08 FICO850
EQ08 FICO850

Message 7 of 10
Anonymous
Not applicable

Re: Does a decline hurt your future chances?


@Anonymous wrote:

Random question, if you app and are declined, minus the fact that you will have another HP on your CR does a decline hurt your future chances if you say reapp in 6 months or a year?


No, if anything it should help for when you re apply, assuming you fixed the reasons why you were declined. Smiley Wink

Message 8 of 10
Anonymous
Not applicable

Re: Does a decline hurt your future chances?

I have a macys i was denied the year before, and a chase freedom that I was denied the year before when i found the signup bonus on slickdeals the first time around. Its not like you are rejected at a bar and they remember you next time around. Well to keep that analogy going, a year later you have gotten healthier right? If you have a drastic improvement in income or some baddies stricken from record its worth it to call and let the manual team go all over it because you have an argument there.

 

One other thing to add, I get your question, simply asking about denial and trying again, but if you are ever in the situation where one specific card or bank is no no no, and you have a credit score already in the low 700s and can get/have credit elsewhere, then do so and enjoy. There are enough cards out there with 0 percent for a year and great transfer offers and so on. I cant get a bofA or citibank, but ill swallow it and carry on.

Message 9 of 10
Anonymous
Not applicable

Re: Does a decline hurt your future chances?


@Anonymous wrote:

Random question, if you app and are declined, minus the fact that you will have another HP on your CR does a decline hurt your future chances if you say reapp in 6 months or a year?


No it doesn't hurt your chances...  Actually, waiting strenthen your chances of getting approved.

Message 10 of 10
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.