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Pulled on CSP.....no joy

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deltatee
Frequent Contributor

Re: Pulled on CSP.....no joy

Congrats on the approval!

The 5/24 rule doesn't apply to all new accounts. I was instantly approved for the CSP a few weeks ago, and I had well over 5 new accounts in the past 24 months, including credit cards, mortgages, car loans etc. But I only had three new credit cards in the past 24 months at the time of my app.
Message 31 of 36
ridgebackpilot
Established Contributor

Re: Pulled on CSP.....no joy


@deltatee wrote:
Congrats on the approval!

The 5/24 rule doesn't apply to all new accounts. I was instantly approved for the CSP a few weeks ago, and I had well over 5 new accounts in the past 24 months, including credit cards, mortgages, car loans etc. But I only had three new credit cards in the past 24 months at the time of my app.
Apparently new credit accounts such as mortgages and car loans don't count. Only new credit CARDS are factored into the 5/24 rule.
Message 32 of 36
Anonymous
Not applicable

Re: Pulled on CSP.....no joy

You can call 1-800-436-7927 for automated application status and it'll let you know your credit limit and APR

Message 33 of 36
Cmikul
Regular Contributor

Re: Pulled on CSP.....no joy

Thanks, I had completely forgotten about that.  Approved for $6k.

 

 

Message 34 of 36
Anonymous
Not applicable

Re: Pulled on CSP.....no joy

Nice SL! Congratulations!

Message 35 of 36
Scupra
Super Contributor

Re: Pulled on CSP.....no joy


@Cmikul wrote:

Thanks, I had completely forgotten about that.  Approved for $6k.

 

 


Bam! Nice SL and congrats

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
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Message 36 of 36
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