Denied credit at a CU with a 807 FICO score?

[lg8302ch]

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@Oppenheimer wrote:

im going to try to open a regular checking account and then wait 6 months and try again to apply for the 6.25% APR credit card.

They did a hard pull via the transunion database on me. Will they do another hard pull if i apply for a checking account?

has anyone here ever spoken to a manager at this Lake Michigan Credit Union?? Did it help over-ride the decision?

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Did you look at SDFCU ?  (sorry I am not a member and cannot comment on experience)

https://www.sdfcu.org/CreditCards

[Oppenheimer]

Thanks, I will look into that one. I wasn't aware of that one. that is still a pretty nice APR.  I guess i might apply for that one if Lake michagin doesn't work out.

[lg8302ch]

Good luck either way

[Oppenheimer]

Thanks. I spoke to someone over there. and from what she told me. it sounds like i have (I think, im not sure) is that i have a "Thin File"  so im having to read up on how to fix a "Thin File" problem.

[Oppenheimer]

So i spoke with a lady over at the credit union and she said my credit score is 771 from transunion..... but how can that be?? i check my FICO score using transunion on myfico.com and it says 807..... why the mismatch?

[myjourney]

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@Oppenheimer wrote:

So i spoke with a lady over at the credit union and she said my credit score is 771 from transunion..... but how can that be?? i check my FICO score using transunion on myfico.com and it says 807..... why the mismatch?

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There are 49 different scoring Fico models out there...could be TU 08, 98 CC enhanced 

[Oppenheimer]

I learned something new today!

I feel like a total noob at this credit stuff.

Do you have any idea why i would get rejected from getting that credit card with a low 6.25% APR?   (The lady suggested that i get a loan and pay it back to improve my odds). From the clues that ive gathered it seems like im suffering from a problem with a "Thin File" but im not really sure if its that.  Im still learning what a "Thin File" is.

but it would seem weird that she suggested i take out a loan and pay it back.... wouldn't my request for a loan ALSO get rejected?  or maybe i should take out a small loan in the amount of $3,000 dollars and pay it back?   i just REALLY REALLY want that credit card with a 6.25% APR.  because i hate paying intrest when/if i do carry a balance. i feel like im stuck in a catch 22 situation.

[09Lexie]

I'm still not clear on how you get past the residency requirement.

A thin file means simply a credit report that has less than or equal to three trade lines.

[B335is]

I'll eat my own words, but from their eligibility link, to become a member:

1)  I live, work, worship, or attend post-secondary school in a county in the state of Michigan's lower peninsula
2)  I am an immediate family member of a current Lake Michigan Credit Union Member
3)  I will donate to the Amyotrophic Lateral Sclerosis (ALS) Association of Michigan. 

Back when I joined them, ALS donation was not an option.  oppenheimer, to apply for a card with LMCU, I do know you have to be a member first.  Did you just app for a card, or did you join by donating to ALS?

These folks are very conservative (think Penfed).

[Oppenheimer]

I'm doing option #3

I'm donating to ALS.