Hoping i get help

[Anonymous]

Hi guys I just applied on hsbc site for AMEX card and i was turned down,and the reason is NUMBER OF INQUIRIES WITHIN LAST 6 MONTHS TOO MANY RECENTLY OPENED BANK/NATIONAL REVOLVING ACCOUNTS NUMBER OF TRADES i have not applied for any card during past 6 months at all, and i don't have too many bank accounts or any loan open,i only have 2 CC since 2005,one AMEX clear and one master card from chase,the reason that i applied for HSBC is because i travel to middle east alot and HSBC has branches in those country's and i can do my banking just walking into their branch. Now should i send them a mail and explain everything or call them and send them my report?or what should i do to get approved from them? Thank you

[MsKiwi]

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moty wrote:
Hi guys I just applied on hsbc site for AMEX card and i was turned down,and the reason is NUMBER OF INQUIRIES WITHIN LAST 6 MONTHS TOO MANY RECENTLY OPENED BANK/NATIONAL REVOLVING ACCOUNTS NUMBER OF TRADES i have not applied for any card during past 6 months at all, and i don't have too many bank accounts or any loan open,i only have 2 CC since 2005,one AMEX clear and one master card from chase,the reason that i applied for HSBC is because i travel to middle east alot and HSBC has branches in those country's and i can do my banking just walking into their branch. Now should i send them a mail and explain everything or call them and send them my report?or what should i do to get approved from them? Thank you

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Have you checked your credit report lately? If you say you haven't openend any accounts since 2005 and the denial is basically for too many recent accounts opened, you may want to see what accounts have been opened. Could be possible fraud of your info?

[Anonymous]

Capital one was 2005, chase was open 2006, AMEX was open 2007 and each bill has always been paid in full,i have never missed a bill

[Anonymous]

I'd pull my credit reports immediately

[haulingthescoreup]

Yes, but as MsKiwi was asking, have you looked at your credit reports to make sure that yours are the only accounts showing?

If they turned you down for too many new accounts, and you don't have any new accounts, then there's reason to worry about what they're looking at.

If you haven't gotten any free reports within the last 12 months, go to this site:

AnnualCreditReport.com

You can pull all three of your major credit reports (Equifax, TransUnion, and Experian) there. Don't pay for any scores from the bureaus. With the exception of Equifax, they won't be FICO scores, so save your money.

HSBC pulled my Equifax report for a Best Buy store card, but they might have used a different report for your bank card.

It's especially important to check your credit reports since you travel internationally, and therefore many people have had an opportunity to use your passport information and so forth. I would be concerned about someone trying to steal your identity and get credit in your name.

[smallfry]

Since he was denied credit he is entitled to a freebie for that report regardless of when he last got his free reports. In this case it is a moot point.

[Anonymous]

One of your reasons was reasons was recently opened bank accounts.  You may have been double whammied because many banks and CU's pull your credit report prior to opening an account which is a hard pull. 

[Anonymous]

hi i just checked my credit report by Experian my score is excellent (734) It shows i have 3 credit cards since 2005 and paid satisfactorily. It shows that i had 2 more CC that i had closed them,which is right i had one from buy.com and one from amazon.com,which i closed them because i dident needed them anymore,and that shows i have paid the all an in report it says closed and paid satisfactorily. So what a hell is wrong by HSBC?

[Anonymous]

Just because you closed those accounts doesn't mean you didn't open them recently. Check the report and look under the inquiries tab. How many inquiries do you have on there? Was Experian the report that HSBC pulled? If not they may have seen other inquiries on another report.

[Anonymous]

Yes,the report that they pulled out is from Experian The inquiries that are there 1.AMEX 2.chase 3.buy.com.first usa 4.amazon.com.first usa and there is two inquiries from HSBC one on 2006 and one on 2008 which is the new one.