USB GO denied even with 804 FICO's !UPDATE!

[Duke_Nukem]

I had the US Bank Altitude GO as my #1 goal card after getting the mortgage closing completed a couple of weeks ago.  Didn't get the instant warm fuzzy feeling when I got the "your application is under review" message.

Called the status line sometime last week, and it said "no soup for you".  Darn it.

Finally got the denial letter today, and it said the denial was due to the number of recent inquiries.  Now, refer to that first line above... I just got a mortgage.  So I've been gardening for nearly 2 years now with no new accounts.  I took 2 mortgage inquiries a few months ago, and 1 stinking inquiry from PenFed when I was listed as a co-owner on DW's new savings account with them (but it appears as a mortgage inquiry on the reports).  All 3 inquiries were timed within a 2 week timespan.

A shocking stat from the denial was that my EQ9 F (what is this "F" variant?) was at 804!  That's with a BK7 still on my report!  Booyah!

Just tried calling the USB recon line that Remedios posted on another thread last year, but they were already closed.  Will retry again on Monday, and hopefully they will be understanding about the inquiries.

I'm concerned they may try to do a SP on my account during the recon, and it won't be pretty if they do.  I've added a couple of cards since the GO application (the FordPass Visa and Amazon Store card), and I'm sure USB will be unhappy to see that if they happen to lift the hood... fingers crossed they don't!

[Anonymous]

Sorry for ya. US Bank can be like that. One word of caution, that soft pull that you're worried about is more likely to be a hard pull during recon.

[FinStar]

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@Anonymous wrote:

Sorry for ya. US Bank can be like that. One word of caution, that soft pull that you're worried about is more likely to be a hard pull during recon.

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Right.  In a variety of reconsideration scenarios, they can HP again, but not always.  

So, at best you can give it a shot.  But, if the SYNCB account is already reporting (or by the time you contact USB), then you'd have to explain that as well.  The mortgage inquiries are explainable at best, so here's hoping that AltitudeGO doesn't turn into AltitudeWENT 😜

Keep us posted.

[OmarGB9]

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@FinStar wrote:

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@Anonymous wrote:

Sorry for ya. US Bank can be like that. One word of caution, that soft pull that you're worried about is more likely to be a hard pull during recon.

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Right.  In a variety of reconsideration scenarios, they can HP again, but not always.  

So, at best you can give it a shot.  But, if the SYNCB account is already reporting (or by the time you contact USB), then you'd have to explain that as well.  The mortgage inquiries are explainable at best, so here's hoping that AltitudeGO doesn't turn into AltitudeWENT 😜

Keep us posted.

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I would've gone with AltitudeNO personally @FinStar. 😂

Anyway OP, sorry about the denial. Not sure on the score they quoted - never heard of it. But good luck on the recon!

[randomguy1]

Good luck OP. I was able to recon with 5 mortgage inquiries and one other inquiry (Biz card) and was able to get approved FYI. This was with the possibly tougher card to get, the AR. My profile was weaker than what your score indicates although I was 0/12 in new accounts.

[randomguy1]

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@Anonymous wrote:

Sorry for ya. US Bank can be like that. One word of caution, that soft pull that you're worried about is more likely to be a hard pull during recon.

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Is a HP during their recon standard? I know with some other issuers it is a maybe but not sure for US Bank. I had a recon done and they did not HP me.

[Duke_Nukem]

Yesterday, I called the recon/UW # provided from other threads (800-685-7680).  The person said that he saw that my inquiries were mortgage related and said that shouldn't be a problem and that he will send my request for recon to an UW for review.  He mentioned that it could take a few days for the review.

I asked if it would be another HP, and he said no that the UW would review based on the originally pulled report.  Time will tell if that was accurate or not, but the big 3 are all frozen anyway.  It won't stop them from a SP, I guess... but if UW comes back with another "No Go" I will just have to suck it up and move on.

[Remedios]

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@Duke_Nukem wrote:

Yesterday, I called the recon/UW # provided from other threads (800-685-7680).  The person said that he saw that my inquiries were mortgage related and said that shouldn't be a problem and that he will send my request for recon to an UW for review.  He mentioned that it could take a few days for the review.

I asked if it would be another HP, and he said no that the UW would review based on the originally pulled report.  Time will tell if that was accurate or not, but the big 3 are all frozen anyway.  It won't stop them from a SP, I guess... but if UW comes back with another "No Go" I will just have to suck it up and move on.

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Unfortunately, once it gets to UW, they will decide whether they need another pull or not. Having another HP it's not in itself a guarantee  they will approve it, though you have a really good chance if no new accounts are reporting. 

I've had a mixed bag of experiences with US Bank and HPs.

Whenever I was certain there won't be one, trillion notifications about HP started. When I thought "Okay fine whatever, tug all you want" ...no HP. 

Good luck! 

[FICOlearner123]

Good luck, hope you get it.

[Duke_Nukem]

Thanks!

I'm happy to announce that the recon was a SUCCESS!  Woohoo!

Link to the approval is => HERE

Mods can lock this one up!