@Anonymous wrote:
The financial instituion I worked for had computer algorithyms. While I can not tell anybody whom I worked for, I can say they are a " big entity". This is why you have a reconsideration line when the computer gets it wrong, and the "Please wait 7-10 days" It means the computer got it wrong. Certain writing principles go in to place. Many auto loans are done this way as well. They generate a score, and if the score meets their writing guidelines then it will kick back approved.
While audit teams do generally review the applications we can not see hundreds, and hundreds of applications each day.
@Remedios wrote:
@Anonymous wrote:
IMO. Chase has nothing to loose if you take this card. They love seeing thin files, and nothing to long, and stuff that takes a long time for them to review.
Most of the time when you apply its a computer doing it.
Umm, that's just a tad bit inaccurate.
While that may be the case for whichever FI you may have worked for, the actual bolded statement, in specific to the product the OP was interested in applying for is inaccurate. That's likely what @Remedios may have been referring to.
Every lender has their own matrix criteria for specific products and threshold requirements, but to say that Chase "loves thin files" when it comes to the CSP is a blanket statement that would not apply 100% of the time.
