Tried to apply to surge today

Anonymous · ‎05-04-2019

But the weirdest thing happened
I got rejected and told I was approved for their secured card.
I was confused because my credit is bad but it took me by surprise because honestly im surprised anyone even applies to this card its so terrible.
Anyways they emailed me my rejection letter and the information on it made no sense.
Said my credit score was 508 when I know for a fact its not. Its not great but its in the 580s for all three credit bureaus. I called the number and the lady told me to send them proof of my credit score.

My credit report is correct, I checked , and now has a new inquiry from them.
I mean, they probably did me a favor seeing as the card really is terrible, but why is this my luck ? I had no inquiries on my TransUnion and it was wasted on this shiz lol.
Has this ever happened to anyone else?

Also to be clear this is not me looking up fako scores and thinking that was my actual score. I have a paid transunion account and know my correct score. I even applied to another card, also celtic bank and this time the rejection letter had the correct score. So there was definitely an error on their end. What should i do ?

- side note -
It said i was approved for their secured version (same horrible fees) and to fund it through moneygram which seemed weird to me, is that normal? And now I have been getting emails with bunk scammy credit offers saying things like “we see you were apply for credit today if your still looking blahblahblah” I dont usually get these emails and didnt know if i should be concerned. Or if its normal that companies sell your info after rejecting you. Lol

Sorry if i posted this in the wrong place

Anonymous · ‎05-04-2019

Hi. Most of been where you are right now. My suggestion is to start the clean up process. Disputes, pay for deletes etc. get you score a little higher and then apply for Cap 1 secured or unsecured.
Just read posts by different people, get some knowledge and you will be fine. Right now you don’t need terrible cards.

heyryan · ‎05-04-2019

They may be using a different score model than the one you've seen previously. Some use 08, some use 9.... Some are still on old ones like TU04. They have different ranges, and weight factors differently, so that might explain why it was lower than you expected.

Personal:

Business:

Credit Unions:

Banks:

(TU Split File - FIXED!)

Anonymous · ‎05-04-2019

@Anonymous wrote:
Hi. Most of been where you are right now. My suggestion is to start the clean up process. Disputes, pay for deletes etc. get you score a little higher and then apply for Cap 1 secured or unsecured.
Just read posts by different people, get some knowledge and you will be fine. Right now you don’t need terrible cards.

THIS.

They did you a favor for denying you for their terrible card. Try to pick up a few repuatable secured cards - CapOne, Discover, most Credit unions or even Open Sky (no credit check with Open Sky) to build some positive history and tradelines. You’ll be glad you stayed away from these super predatory lenders.

Best of luck to you.

ChargedUp · ‎05-04-2019

@Anonymous wrote:
@Anonymous wrote:
Hi. Most of been where you are right now. My suggestion is to start the clean up process. Disputes, pay for deletes etc. get you score a little higher and then apply for Cap 1 secured or unsecured.
Just read posts by different people, get some knowledge and you will be fine. Right now you don’t need terrible cards.
THIS.

They did you a favor for denying you for their terrible card. Try to pick up a few repuatable secured cards - CapOne, Discover, most Credit unions or even Open Sky (no credit check with Open Sky) to build some positive history and tradelines. You’ll be glad you stayed away from these super predatory lenders.

Best of luck to you.

Agreed! If you're going to put your own money in for a secured card, then get one from a decent lender. (Continental Finance/Surge is NOT!) As said above, work on cleaning up the points that are weighing your score down and if you decide to try for an unsecured subprime card, Merrick Bank is probably the lesser of the evils in that segment.

Anonymous · ‎05-04-2019

Thanks for the replies guys. I appreciate the advice. I dont even know why i applied, my credit score is bad right now bc of one thing but its an easy fix, i just was feeling reckless. I already have a plan to fix my credit i just have to wait until next week to get started (pay day for ad astra ) and i wanted to see if i could skip a couple steps.

But I have a good understanding of credit and different scoring models , thats not my question. My question was has any one ever had a company make a blatant mistake when they applied.
Im pretty sure it isn't that they're using a different model. Like I'm positive it was a blatant mistake.

I forgot to mention in my original post that the reasons listed for denial also were not at all relevant to me. This was sort of how I knew it wasn't correct.

“Your credit score: 508
Date: 5/4/2019 1:29:24 PM

Score range from a low of 250 to a high of 999.

Key factors that adversely affected your credit score:

Number of payments in last 3 months

Worst rating on mortgage trades

Number of months since overlimit on a bankcard

Months on file

Too many mortgage loans with balances”

I do not and have never bought a house or took out a mortgage. There isnt one listed on my credit report. I checked.

I currently have a self lender account and a secured card with discover paid on time since November. Never late.

My score is bad bc of a payday loan in collections since 2016 but its only $300 i just wasnt paying it back because i didnt care about my credit score at all and they didnt bother me with letters or calls. But theyve agreed to a pay to delete let me schedule the payment and all that jazz. Clearly i was self sabotaging ahead of time with this card and god intervened, but i just dont understand where the information they said is coming from

ChargedUp · ‎05-04-2019

Just curious, have you taken a look at ALL your reports to make sure there aren't any errors on them? The whole mortgage subject coming up when you've never had a mortgage is suspect. It IS possible they punched a SS# in one digit wrong or some how got your file confused with someone elses, but that's pretty unusual for any lender nowadays.

250-999 is not a FICO scoring model that I've seen before. This might be some type of internal scoring model that they're using that has nothing to do with FICO, thus won't equate with the actual FICO scores that you are getting from the bureaus.

Anonymous · ‎05-04-2019

Discover has free FICO score TU and EX. You can check it for free since you have the card. Most likely it is internal score and wording.

seattlecredit08 · ‎05-04-2019

@Anonymous wrote:
@Anonymous wrote:
Hi. Most of been where you are right now. My suggestion is to start the clean up process. Disputes, pay for deletes etc. get you score a little higher and then apply for Cap 1 secured or unsecured.
Just read posts by different people, get some knowledge and you will be fine. Right now you don’t need terrible cards.
THIS.

They did you a favor for denying you for their terrible card. Try to pick up a few repuatable secured cards - CapOne, Discover, most Credit unions or even Open Sky (no credit check with Open Sky) to build some positive history and tradelines. You’ll be glad you stayed away from these super predatory lenders.

Best of luck to you.

I would second Open Sky suggestion. It's probably the only mainstream secured card which does not do a credit check or cause an inquiry when applying.

In addition, unlike some other secured cards, it does not report as secured. It simply reports as "Capital Bank." Ideally, you will want to put a decent security deposit (maximum allowed is $3000.00) and still always pay in full to keep the utilization % low.

Thanks!