@Jccflat wrote:i did the membership last week was approved instantly ,
Then today I applied for the visa travel card went to review from the underwriter
They said I will get the email. I never got a email so I called back and then they said oh your application was declined since you are at the maximum death.
Just to give you, my credit is excellent Trans Union fico 710. No negatives besides bankruptcy discharge 2014.
Utilization is 16% out of $350,000
I decided to call back now and ask for reconsideration of the guy was very nasty and not nice the way he spoke
he said no sorry we won't give credit now u need to pay off your debt like mortgage credit cards. I said you want me to pay off my all house right now for a cc oh no just pay any other things u owe and said good bye
i wasted a whole inquiry
The fact that you're writing them off because you owe too much and they turned you down is kind of ridiculous. Your DTI ratio isn't where they'd like it to be, so they declined you. Move on and try again later when you've paid down your debts or your income significantly increases.
FWIW, I'm thinking it's your income as I had a utilization rate much higher when I was approved, but I was just slow to pay down some BTs. Also, just because you had a BK discharged a while back doesn't make it magically disappear nor does it make lenders any less wary that you DID default at one point and might be on your way there again.
