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IKEA Projekt Pre Qualify

Rosey1
Regular Contributor

IKEA Projekt Pre Qualify

Noticed the IKEA Projekt Pre Qualify will not impact my credit, therefore, submitted requesting $20,000 and received this message "We are reviewing your prequalification and will contact you by mail within the next 2weeks".  Thought maybe the amount requested was too high submiited another prequalify request for $10,000 and got the same message.  Is this a denial?

Message 1 of 13
12 REPLIES 12
Priory_Man
Established Contributor

Re: IKEA Projekt Pre Qualify

Could be a denial, or it could just be they need to verify a few things. You could always call them and see if they need anymore info to help in their decision.





~~ Former Royal Navy Submariner - Proud to have served ~~
Message 2 of 13
Kingnk
Regular Contributor

Re: IKEA Projekt Pre Qualify

I dont think it was an application for approval/denial...I found there pre-qulification site is way different than the other lenders...you should be fine...pre-qualify checks are usually with soft pulls


@Rosey1 wrote:

Noticed the IKEA Projekt Pre Qualify will not impact my credit, therefore, submitted requesting $20,000 and received this message "We are reviewing your prequalification and will contact you by mail within the next 2weeks".  Thought maybe the amount requested was too high submiited another prequalify request for $10,000 and got the same message.  Is this a denial?


 

Message 3 of 13
CountryLivin
Valued Contributor

Re: IKEA Projekt Pre Qualify


@Rosey1 wrote:

Noticed the IKEA Projekt Pre Qualify will not impact my credit, therefore, submitted requesting $20,000 and received this message "We are reviewing your prequalification and will contact you by mail within the next 2weeks".  Thought maybe the amount requested was too high submiited another prequalify request for $10,000 and got the same message.  Is this a denial?


It's not a denial.....if you did the prequalify....that just soft pulls your credit and will let you know if you prequalified for credit. I am surprised you got a 2 week mail notification. Are you sure you didn't hit the button to apply for a card?

Message 4 of 13
FinStar
Moderator

Re: IKEA Projekt Pre Qualify


@CountryLivin wrote:

@Rosey1 wrote:

Noticed the IKEA Projekt Pre Qualify will not impact my credit, therefore, submitted requesting $20,000 and received this message "We are reviewing your prequalification and will contact you by mail within the next 2weeks".  Thought maybe the amount requested was too high submiited another prequalify request for $10,000 and got the same message.  Is this a denial?


It's not a denial.....if you did the prequalify....that just soft pulls your credit and will let you know if you prequalified for credit. I am surprised you got a 2 week mail notification. Are you sure you didn't hit the button to apply for a card?


Actually, even the pre-qualified option can yield a denial.  Two outcomes are typically possible on the pre-qualified offer whenever the 7-10 message displays: additional information/verification or denial.  This is at the pre-qualified state of the offer without clicking the link to actually apply.

Message 5 of 13
TverTrekker
Regular Contributor

Re: IKEA Projekt Pre Qualify


@Rosey1 wrote:

Noticed the IKEA Projekt Pre Qualify will not impact my credit, therefore, submitted requesting $20,000 and received this message "We are reviewing your prequalification and will contact you by mail within the next 2weeks".  Thought maybe the amount requested was too high submiited another prequalify request for $10,000 and got the same message.  Is this a denial?


Just curious if you heard anything back yet?

Starting Score:EQ = 690 TU = 702 EQ = 673
Current Score: EQ = 690 TU = 702 EQ = 673
Goal Score:EQ = 725 TU = 750 EQ = 715


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Message 6 of 13
Lisa7
New Member

Re: IKEA Projekt Pre Qualify

Interested as well. I prequalified, but then got a 2 week message. No hello through customer service, I did get a pull on I believe Experian. I only applied because it said I was pre-approved.
Message 7 of 13
CivalV
Established Contributor

Re: IKEA Projekt Pre Qualify

Following. This is topic is interesting in regards to prequals
Sept 18: EQ: 578 TU: 583 EX: 576
Sept 19: EQ8: 640 TU8: 645 EX8:640 April 20': EQ8: ??? TU8: 680 EX8: 673
Goal by Sept 20’ EQ: 700 TU: 700 EX:700

AA:


Goal Completed: Auto Lease 2020 Mazda CX-5 No Income Verification, Walked Off The Lot. Downside Scores dropped 40 points and still recovering March 2021
Goal: Chase Sapphire Preferred
Goals Achieved Nov 19’: First Chase CC, Marriott Bonvoy w/ lowest APR rate of 17% April 20': First Citi CC W/ 15% APR rate Total CL:$21,400
Message 8 of 13
Rosey1
Regular Contributor

Re: IKEA Projekt Pre Qualify

I received letter about my recent request to be prequalified for a Ikea Projekt credit card and stated "Unfortunately, we are unable to process the prequalification request at this time based on previous experience with Comenity Capital Bank."

 

I have no idea what this means.  I do have several Comenity accounts with high credit limits Wayfair $30,500, Overstock $23,500 and Boscovs $22,500.  These accounts keep growing every month or two, hitting the luv button with SP (Note on 2 occassions HP EQ).

 

Could this be that I am at the max with Comenity?  I have had these accounts about 1 1/2 years and never ever been late and always pif.

 

 

 

Message 9 of 13
FinStar
Moderator

Re: IKEA Projekt Pre Qualify

Have any accounts ever been closed by Comenity via Adverse Action or have you had any lates (even by a few days) or NSF instances with them? That would be my guess.
Message 10 of 13
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