Has anyone had a Lowe's preapproval and declined after applying?
I am 24 months out of BK7. I have a solid rebuild. I just came across the preapproval link for lowes. Just wondering if anyone has had a pre approval and applied and was declined. I have a preapproval with them, but I also had a preapproval with discover months back and applied and was declined. Both Synchrony and Discover was IIB for very low balances.
Re: Has anyone had a Lowe's preapproval and declined after applying?
Yes, they can decline applications after the pre-approved form is submitted. Just be sure that SageStream/Innovis is not frozen when you submit the form. On the upside, it's SP if not approved, OP.
Yup, they sure do. They started doing so sometime toward the last quarter of 2020 as part of UW. So, if it's frozen, the application will be denied. No recon. Comenity is another lender that uses it as well, especially on their V/MC applications.
