I applied for the Good Neighbor Visa on the Dec. 27th. I called today to check on the app status and was told I was denied because my score was too low among othe. r things. The rep said they are looking for scores at least in the 700s. She quoted my score as 663. I told her my Fico was 682 the last I checked 12/27.The denial letter arrived in the mail today confirming. The reasons are:
SERIOUS DELINQUENCY
LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED
TIME SINCE DELINQUENCY IS TOO RECENT OR UNKNOWN
TIME SINCE DEROGATORY PUBLIC RECORD OR COLLECTION IS TOO SHORT
The 663 score is out of a range of 221-950 and corresponds with TU.
I have two COs reporting on TU. One is reported as settled for less than full amount, both from 2007. I have CA that reports as disputed, the OC TL fell off but CA is still there, was account settled in 2010. (Got response from Midland today on this, doesn't look good). Second CA corresponds with listed CO, started payment plan with Midland in March 2011 to settle this account in full.
Had I known the starting score was a 700 I wouldn't have app but I know now.
Starting Score: 656
we all live and learn
I feel your pain. I have several inquiries based on trial and error. Keep searching and you will find some good ones to apply for and no more wasted inquiries.
Starting Score: 722
@dblue1 wrote:I applied for the Good Neighbor Visa on the Dec. 27th. I called today to check on the app status and was told I was denied because my score was too low among othe. r things. The rep said they are looking for scores at least in the 700s. She quoted my score as 663. I told her my Fico was 682 the last I checked 12/27.The denial letter arrived in the mail today confirming. The reasons are:
SERIOUS DELINQUENCY
LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED
TIME SINCE DELINQUENCY IS TOO RECENT OR UNKNOWN
TIME SINCE DEROGATORY PUBLIC RECORD OR COLLECTION IS TOO SHORT
The 663 score is out of a range of 221-950 and corresponds with TU.
I have two COs reporting on TU. One is reported as settled for less than full amount, both from 2007. I have CA that reports as disputed, the OC TL fell off but CA is still there, was account settled in 2010. (Got response from Midland today on this, doesn't look good). Second CA corresponds with listed CO, started payment plan with Midland in March 2011 to settle this account in full.
Had I known the starting score was a 700 I wouldn't have app but I know now.
Sorry to hear, Garden time!!! Make it a goal to get this card!!
@dblue1 wrote:I applied for the Good Neighbor Visa on the Dec. 27th. I called today to check on the app status and was told I was denied because my score was too low among othe. r things. The rep said they are looking for scores at least in the 700s. She quoted my score as 663. I told her my Fico was 682 the last I checked 12/27.The denial letter arrived in the mail today confirming. The reasons are:
SERIOUS DELINQUENCY
LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED
TIME SINCE DELINQUENCY IS TOO RECENT OR UNKNOWN
TIME SINCE DEROGATORY PUBLIC RECORD OR COLLECTION IS TOO SHORT
The 663 score is out of a range of 221-950 and corresponds with TU.
I have two COs reporting on TU. One is reported as settled for less than full amount, both from 2007. I have CA that reports as disputed, the OC TL fell off but CA is still there, was account settled in 2010. (Got response from Midland today on this, doesn't look good). Second CA corresponds with listed CO, started payment plan with Midland in March 2011 to settle this account in full.
Had I known the starting score was a 700 I wouldn't have app but I know now.
If I am not mistaken, looking at the score range, it doesn't appear to be a FICO score; even though you said it corresponds with your TU. However, if I am mistaken, I sincerely hope someone corrects me.
Indeed!
I wish the companies would just list their requirements, it would make it more logical for those applying but that would be too much like right I suppose.
This was the second wasted inquiry. I applied on Christmas online at my local CU and was denied because my CA was too recent. The rep said she wanted to see me making payments on it for at least a year then to reapply. Well March will make a yr of payments on the CA but I'm not reapplying because then I'd be denied for too many inquiries, lol. At least they were upfront on their website that you need a score of at least 680 to apply.
Consider it done. I applied for the State Farm first then the Apple Barclay and was approved after recon. In hindsight I wish I would've applied for Apple first to save myself the inquiry.