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Why do I keep doing this to myself?

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Cashbackjunky
Established Contributor

Re: Why do I keep doing this to myself?


@Remedios wrote:

There is a giant thread about Evergreen prequali, about half were denied, half approved. Those who were approved, usually got the amount stated on the prequal, a few got less 

 

With that said, credit seeking (both new accounts and number of inquiries) seemed to be the most common reason for denial (a sign that amount of new credit isn't being factored into prequal but it's baked in their underwriting criteria) and inability to verify identity.  


As per usual, @Remedios dropping the knowledge. Thanks for that! Knowing new credit seeking might not be baked into my prequal, I may hold off a bit to apply.

 

Cheers!

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