My wife requested a CLI on her Discover card and was initially rejected because they couldn't verify employment. We'll call and get that fixed but on the letter was the following. It shows just how scoring will look for just about anything to critique.
The first one makes a little sense. I have two mortgages and the current balances are still pretty high compared to beginning balances.
Too many accounts with balances? I have eight open accounts and only three report a balance each month. Makes you wonder what they want.
The oldest account was opened 26 years ago. AAoA of nine years. Youngest account is two years old.
I guess I wanted to illustrate to others not to be too concerned with some of the denial reasons you may receive. Do all the right things and you'll be fine.
Cookie cutter responses are the best.
My favorite is "too many inquiries" when they pull a CR that hasn't had an inquiry in 18 months.
They got to list something...that is the best they could do
@MarineVietVet wrote:My wife requested a CLI on her Discover card and was initially rejected because they couldn't verify employment. We'll call and get that fixed but on the letter was the following. It shows just how scoring will look for just about anything to critique.
The first one makes a little sense. I have two mortgages and the current balances are still pretty high compared to beginning balances.
Too many accounts with balances? I have eight open accounts and only three report a balance each month. Makes you wonder what they want.
The oldest account was opened 26 years ago. AAoA of nine years. Youngest account is two years old.
I guess I wanted to illustrate to others not to be too concerned with some of the denial reasons you may receive. Do all the right things and you'll be fine.
Excellent to see this. No reason for denial. But goes to show. Score not everything.
@MarineVietVet wrote:My wife requested a CLI on her Discover card and was initially rejected because they couldn't verify employment. We'll call and get that fixed but on the letter was the following. It shows just how scoring will look for just about anything to critique.
The first one makes a little sense. I have two mortgages and the current balances are still pretty high compared to beginning balances.
Too many accounts with balances? I have eight open accounts and only three report a balance each month. Makes you wonder what they want.
The oldest account was opened 26 years ago. AAoA of nine years. Youngest account is two years old.
I guess I wanted to illustrate to others not to be too concerned with some of the denial reasons you may receive. Do all the right things and you'll be fine.
Yup. "Too many inquiries" to me usually isn't just the reason why so and so didn't get approved for a card. Usually the very first reason they list on those is the most major factor.
@CreditCuriousity wrote:They got to list something...that is the best they could do
Very interesting indeed. Take Nixon's experience with Diners not long ago... they listed "and the kitchen sink" as one of the broad reasons. 
@CreditCuriousity wrote:They got to list something...that is the best they could do
+1
I rest my Discover case from today. Thanks for sharing. 
@MarineVietVet wrote:My wife requested a CLI on her Discover card and was initially rejected because they couldn't verify employment. We'll call and get that fixed but on the letter was the following. It shows just how scoring will look for just about anything to critique.
The first one makes a little sense. I have two mortgages and the current balances are still pretty high compared to beginning balances.
Too many accounts with balances? I have eight open accounts and only three report a balance each month. Makes you wonder what they want.
The oldest account was opened 26 years ago. AAoA of nine years. Youngest account is two years old.
I guess I wanted to illustrate to others not to be too concerned with some of the denial reasons you may receive. Do all the right things and you'll be fine.
Good to see that I am not the only one that gets such interesting explanations.....well whoever gave me too many new accounts has a valid point but the rest I received is simply nonsense. As long as it is not a denial I read them - think about them and for some points have a little fun with them
@MarineVietVet wrote:My wife requested a CLI on her Discover card and was initially rejected because they couldn't verify employment. We'll call and get that fixed but on the letter was the following. It shows just how scoring will look for just about anything to critique.
The first one makes a little sense. I have two mortgages and the current balances are still pretty high compared to beginning balances.
Too many accounts with balances? I have eight open accounts and only three report a balance each month. Makes you wonder what they want.
The oldest account was opened 26 years ago. AAoA of nine years. Youngest account is two years old.
I guess I wanted to illustrate to others not to be too concerned with some of the denial reasons you may receive. Do all the right things and you'll be fine.
woww!!!!
841 awesome job.
