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Tried applying for Apple credit yesterday via Barclays and was immediately denied on the online application. They pulled TU with a score of 654. Here's a brief summary of my report:
Good
AU on HSBC CC (8 years) - open & current
Capital One CC (10 months) - open & current
Capital One CC (8 months) - open & current
Discover CC (2 months) - open & current
Amazon Store Card (6 months) - open & current
Bank of America Auto Loan (6 months) - open & current
4x School Loans (reported 2010/2011) - closed & current
Baddies
Bank of America CC (from 2008) - paid after chargeoff / collection
Capital One CC (from 2010) - paid after chargeoff / collection
Inquiries in past 6 months: 18 (I was shopping around for auto loan rates which is what most of these are from)
I attempted recon 3 times and was denied each time. After telling me I was doing a great job at building my credit, the reason they kept giving me was that there was not enough history on my new CC's and they typically like to see 1-2 years on each CC. The AU HSBC didn't help much because of the AU status. Any advice? Should I bother attempting again?
You need to let your accounts age before apping with them again. Also keep in mind if they do issue a card and you continue apping with new accounts reporting they will close it.
@Anonymous wrote:You need to let your accounts age before apping with them again. Also keep in mind if they do issue a card and you continue apping with new accounts reporting they will close it.
Yes I figured that much. I don't plan on applying for anymore accounts for a while, I was going to buy an iPad and figured it would be a good opportunity to do some gardening.
@Anonymous wrote:You need to let your accounts age before apping with them again. Also keep in mind if they do issue a card and you continue apping with new accounts reporting they will close it.
+1
@yyc wrote:Tried applying for Apple credit yesterday via Barclays and was immediately denied on the online application. They pulled TU with a score of 654. Here's a brief summary of my report:
Good
AU on HSBC CC (8 years) - open & current
Capital One CC (10 months) - open & current
Capital One CC (8 months) - open & current
Discover CC (2 months) - open & current
Amazon Store Card (6 months) - open & current
Bank of America Auto Loan (6 months) - open & current
4x School Loans (reported 2010/2011) - closed & current
Baddies
Bank of America CC (from 2008) - paid after chargeoff / collection
Capital One CC (from 2010) - paid after chargeoff / collection
Inquiries in past 6 months: 18 (I was shopping around for auto loan rates which is what most of these are from)
I attempted recon 3 times and was denied each time. After telling me I was doing a great job at building my credit, the reason they kept giving me was that there was not enough history on my new CC's and they typically like to see 1-2 years on each CC. The AU HSBC didn't help much because of the AU status. Any advice? Should I bother attempting again?
Sorry to hear that. I kind of have a hunch that Barclay's was very generous around the holidays, but has gone back to stricter guidelines again. You didn't mention your util -- that could be a factor as well. They are really concerned about getting too much credit at the same time as them -- even if it's right before. Your Discover is only 2 mos old. When I apped in November, I had gotten a card in March, April and June. And even then, the guy asked me why I was getting so much credit (!).
I'd recommend you don't app for anything between now and November and apply then. Also, be sure your util is <9% on ONLY one CC and zero on all of the others (or as close to 9% as you can get). You'll have more time since you opened your last card and they'll probably be in the giving "holiday mood" again.
@bichonmom wrote:
@yyc wrote:Tried applying for Apple credit yesterday via Barclays and was immediately denied on the online application. They pulled TU with a score of 654. Here's a brief summary of my report:
Good
AU on HSBC CC (8 years) - open & current
Capital One CC (10 months) - open & current
Capital One CC (8 months) - open & current
Discover CC (2 months) - open & current
Amazon Store Card (6 months) - open & current
Bank of America Auto Loan (6 months) - open & current
4x School Loans (reported 2010/2011) - closed & current
Baddies
Bank of America CC (from 2008) - paid after chargeoff / collection
Capital One CC (from 2010) - paid after chargeoff / collection
Inquiries in past 6 months: 18 (I was shopping around for auto loan rates which is what most of these are from)
I attempted recon 3 times and was denied each time. After telling me I was doing a great job at building my credit, the reason they kept giving me was that there was not enough history on my new CC's and they typically like to see 1-2 years on each CC. The AU HSBC didn't help much because of the AU status. Any advice? Should I bother attempting again?
Sorry to hear that. I kind of have a hunch that Barclay's was very generous around the holidays, but has gone back to stricter guidelines again. You didn't mention your util -- that could be a factor as well. They are really concerned about getting too much credit at the same time as them -- even if it's right before. Your Discover is only 2 mos old. When I apped in November, I had gotten a card in March, April and June. And even then, the guy asked me why I was getting so much credit (!).
I'd recommend you don't app for anything between now and November and apply then. Also, be sure your util is <9% on ONLY one CC and zero on all of the others (or as close to 9% as you can get). You'll have more time since you opened your last card and they'll probably be in the giving "holiday mood" again.
(Checks to see if LS2982 is looking...)
If I had Discover in my wallet, I wouldn't even sniff Barclay...Apple financing or not
@bichonmom wrote:
@yyc wrote:Tried applying for Apple credit yesterday via Barclays and was immediately denied on the online application. They pulled TU with a score of 654. Here's a brief summary of my report:
Good
AU on HSBC CC (8 years) - open & current
Capital One CC (10 months) - open & current
Capital One CC (8 months) - open & current
Discover CC (2 months) - open & current
Amazon Store Card (6 months) - open & current
Bank of America Auto Loan (6 months) - open & current
4x School Loans (reported 2010/2011) - closed & current
Baddies
Bank of America CC (from 2008) - paid after chargeoff / collection
Capital One CC (from 2010) - paid after chargeoff / collection
Inquiries in past 6 months: 18 (I was shopping around for auto loan rates which is what most of these are from)
I attempted recon 3 times and was denied each time. After telling me I was doing a great job at building my credit, the reason they kept giving me was that there was not enough history on my new CC's and they typically like to see 1-2 years on each CC. The AU HSBC didn't help much because of the AU status. Any advice? Should I bother attempting again?
Sorry to hear that. I kind of have a hunch that Barclay's was very generous around the holidays, but has gone back to stricter guidelines again. You didn't mention your util -- that could be a factor as well. They are really concerned about getting too much credit at the same time as them -- even if it's right before. Your Discover is only 2 mos old. When I apped in November, I had gotten a card in March, April and June. And even then, the guy asked me why I was getting so much credit (!).
I'd recommend you don't app for anything between now and November and apply then. Also, be sure your util is <9% on ONLY one CC and zero on all of the others (or as close to 9% as you can get). You'll have more time since you opened your last card and they'll probably be in the giving "holiday mood" again.
Interesting hunch, I would imagine they have a significant increase in volume during the holiday season, so probably are not able to spend as much time on each individual account. This could possibly explain more leniancy, but I doubt they would be more generous during the holidays (especially because I would think people not only spend more, but also do riskier spending at this time).
My util is pretty high (~30%) due to low CL, but I'll have that paid off by next month and try again. Thanks for the tips!
@CreditCrusader wrote:
@bichonmom wrote:
@yyc wrote:Tried applying for Apple credit yesterday via Barclays and was immediately denied on the online application. They pulled TU with a score of 654. Here's a brief summary of my report:
Good
AU on HSBC CC (8 years) - open & current
Capital One CC (10 months) - open & current
Capital One CC (8 months) - open & current
Discover CC (2 months) - open & current
Amazon Store Card (6 months) - open & current
Bank of America Auto Loan (6 months) - open & current
4x School Loans (reported 2010/2011) - closed & current
Baddies
Bank of America CC (from 2008) - paid after chargeoff / collection
Capital One CC (from 2010) - paid after chargeoff / collection
Inquiries in past 6 months: 18 (I was shopping around for auto loan rates which is what most of these are from)
I attempted recon 3 times and was denied each time. After telling me I was doing a great job at building my credit, the reason they kept giving me was that there was not enough history on my new CC's and they typically like to see 1-2 years on each CC. The AU HSBC didn't help much because of the AU status. Any advice? Should I bother attempting again?
Sorry to hear that. I kind of have a hunch that Barclay's was very generous around the holidays, but has gone back to stricter guidelines again. You didn't mention your util -- that could be a factor as well. They are really concerned about getting too much credit at the same time as them -- even if it's right before. Your Discover is only 2 mos old. When I apped in November, I had gotten a card in March, April and June. And even then, the guy asked me why I was getting so much credit (!).
I'd recommend you don't app for anything between now and November and apply then. Also, be sure your util is <9% on ONLY one CC and zero on all of the others (or as close to 9% as you can get). You'll have more time since you opened your last card and they'll probably be in the giving "holiday mood" again.
(Checks to see if LS2982 is looking...)
If I had Discover in my wallet, I wouldn't even sniff Barclay...Apple financing or not
I smell an inside joke