Applied for Walmart online and was declined

[gl1202]

Well I applied for a walmart card today and received the message saying You will receive a decision by mail in the next 7–10 days so I called the backdoor number listed on this forum and the woman was so rude and would not tell me a reason but said it was declined. She told me I had to wait 7 to 10 days and read the letter and when I asked her again she got even more rude ugh.

I know I have some older baddies on my report but for 4 years now everything has been good with no late. I have $2500 cl with badcock furniture and only have 1 payment of $130 left, $2100 cl with fingerhut and the balance is $450, a merrick bank credit card that has been open for 6 months with $650 limit and have a balance of $311 on it and a new barclaycard with a $500 limit and a $300 balance on it but have not received my first invoice and will be making a $200 payment on it when it is received. I only know my TU score was 629 last month and not sure what the others are at this time.

I read walmart is GE and easy to get so I guess if I got declined I am doomed in getting my credit rebuilt 

[FinStar]

Sorry to hear you were not approved.  I would wait to see what the letter provides as the main reasons and use that as leverage on your rebuilding efforts.  It all really boils down to individual profile since some will get approved while others will not.  Unfortunately, GE is not one of those companies that is known for successful reconsideration efforts as they typically are unable to reverse the original decision.

[09Lexie]

Welcome to the forum! Sorry to hear about your denial but do not get discouraged. Rebuilding is a lengthy process and with work can be successful.

As FinStar pointed out wait for the letter. GE can be forgiving but not easy on recons. Just because WalMart said no doesn't mean another GE lender would be less forgiving.

[Anonymous]

Given your credit, I would never be applying unless ideal reported utilization was reached. Look that up. My guess if you are reporting ideal utilization, you would not have been rejected.

[jeffg330]

Sorry for the decline. Do you have any recent baddies? Looks like your UT is around 20%, if you PIF on all but one card and keep the other less then 10% you might have a better shot in a few months.

[09Lexie]

@Crashem

I'm not sure if you meant to sound so harsh. OP has acknowledged baddies but it sounded to me the past 4 years all pyts have been made on time,

[Anonymous]

Didn't mean to sound harsh. Ipad = short sentences. Wasn't criticizing his history. Just that given his score, he shouldn't ever apply without managing his reported utilization. As for comment that his reported util is 20%, it probably is worse than that. Fingerhut is down to reporting to one CRA. Not sure about how other accounts report as. Consumer finance or installment or revolving. Only sure that Barclays and Merrick reporting as revolving. In that case, his util is more like 60ish%. Additionally, OP is getting depressed at rejection after adding so many new accounts. He is making lots of progress even though he seems to think he isnt. Best thing is to wait a few months and manage his util and I bet he gets approved.

[Anonymous]

What type of "baddies", if you don't mind?

I wondering if putting $500/$1,000 on a secured credit card would be a wise choice?

[Anonymous]

He just needs to report ideal utilization and let those new accounts/inquiries age and he will be fine for a bunch of cards.

[JSS3]

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@Anonymous wrote:
Didn't mean to sound harsh. Ipad = short sentences. Wasn't criticizing his history. Just that given his score, he shouldn't ever apply without managing his reported utilization. As for comment that his reported util is 20%, it probably is worse than that. Fingerhut is down to reporting to one CRA. Not sure about how other accounts report as. Consumer finance or installment or revolving. Only sure that Barclays and Merrick reporting as revolving. In that case, his util is more like 60ish%. Additionally, OP is getting depressed at rejection after adding so many new accounts. He is making lots of progress even though he seems to think he isnt. Best thing is to wait a few months and manage his util and I bet he gets approved.

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Where's the info on this?