Kroger 1-2-3 MasterCard

[Anonymous]

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@woozy wrote:

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@Anonymous wrote:

Personally, I would have given up after being turned down by Cap One. 

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That's me. I would have just given up. I figured that if one turned me down, they all would. The most important thing for a game newbee to know is that these people ALL have their own business model. I got turned down for the first 2 cards I app'ed for with a score of 739.

I also think that some of these issuers are using the sealed, archived reports that they can't legally use. They know if you're coming off baddies, even if they've fallen off, or been disputed and removed.

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Amen to that.....

[Anonymous]

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@Anonymous wrote:

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@woozy wrote:

I also think that some of these issuers are using the sealed, archived reports that they can't legally use. They know if you're coming off baddies, even if they've fallen off, or been disputed and removed.

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Amen to that.....

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I hate to sound profoundly naive.  But, really????

[MarineVietVet]

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@woozy wrote:

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@Anonymous wrote:

Personally, I would have given up after being turned down by Cap One. 

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That's me. I would have just given up. I figured that if one turned me down, they all would. The most important thing for a game newbee to know is that these people ALL have their own business model. I got turned down for the first 2 cards I app'ed for with a score of 739.

I also think that some of these issuers are using the sealed, archived reports that they can't legally use. They know if you're coming off baddies, even if they've fallen off, or been disputed and removed.

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What exactly are these sealed and archived reports? I am curious.

[woozy]

Old information doesn't disappear into the ozone. Law enforcement, the IRS, the courts, etc, can subpoena it.

The CRA's have access to it, and I have ZERO trust in them. They are the poster children for power exceeding morality.

Creepy, huh?

[Anonymous]

Right.  And employers (for jobs with annual salaries over - what is it - $150,000?) and mortgages (for about the same, if I remember right) can access the full report. 

But if even our mortgage app didn't pull up the full report, I can't see cc companies sneaking around the law and accessing it.

Sometimes, though, I think there are aspects of our credit report that we tend to ignore that matter, for whatever reason, to potential creditors.  There's a lot more detail available than the simple explanations we receive for different aspects.  AAofAccounts is a good example.  We'll receive two pieces of info - age of our oldest open account & average age of all accounts.  But FICO is tracking many other dimensions, including average age of open accounts, length of time we tend to keep accounts open, etc. 

Or perhaps the lender has a criteria that we are not privy to, that we are not meeting.

That is more likely to be the fly in the ointment.  IMO.

[Creditaddict]

I keep seeing such positive things about this card, my poor mother is having a completely different experience, she was approved for $4k less than a year ago and she BT and the card has less than 1k balance on it now, maybe even paid off and they have CLD her 2!  The debt has not increased since being approved for the card, if anything it has gone down.

[MarineVietVet]

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@woozy wrote:

Old information doesn't disappear into the ozone. Law enforcement, the IRS, the courts, etc, can subpoena it.

The CRA's have access to it, and I have ZERO trust in them. They are the poster children for power exceeding morality.

Creepy, huh?

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All I know is that once I got my act together and began to do all the right things, i.e. always paying on time, low CC utilization, not applying for credit I didn't need etc. my scores began to stabilize and then began to rise.

There are no big secrets to that. All my "negative" information was somewhere I guess but it never interfered with my recovery. Conspiracy theories are for those who.......well never mind.

From a BK years ago to:
7/09 TU-742 EQ- 779
8/09 TU-765 EQ- 783
9/09 EX pulled by lender 802

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Credit Problems Which Is Worse?
Whats In Your FICO Score

[woozy]

"All my "negative" information was somewhere I guess but it never interfered with my recovery. Conspiracy theories are for those who.......well never mind"

It's not *somewhere*, it's in an archived report, which people in law enforcement (I was) know about.

We are surrounded by sleaziness on every level. I'm not paranoid, I'm just paying attention.

[Anonymous]

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@woozy wrote:

That's me. I would have just given up. I figured that if one turned me down, they all would. The most important thing for a game newbee to know is that these people ALL have their own business model. I got turned down for the first 2 cards I app'ed for with a score of 739.

I also think that some of these issuers are using the sealed, archived reports that they can't legally use. They know if you're coming off baddies, even if they've fallen off, or been disputed and removed.

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Personally, I think it's far more likely that, even with your score of 739, you just didn't meet the lending criteria for the product that you applied for. It can't be stressed enough that the credit score is not always the be all/end all of a lending decision. Even when you're eligible for one or some products with a lender, you may be ineligible for others. For example, to obtain some cards, you may need to have X number of years of revolving credit experience. Or, you may have to *already* have a credit line of $10k. Sometimes, even with a high score, your credit is too new. Sometimes it's 'too much'. You may have a high score, and a low debt to credit ratio, but they might feel that you're Pyramiding. They may look at your recent history with credit and decide that you wouldn't be profitable.

The bottom line is that there are a myriad of reasons why even a good score can result in a "No sir/no ma'am". The decline isn't at all likely to be the result of the CRAs completely losing their minds, and wanting to risk business life and limb by selling illegal peaks of your no longer viewable (outside of the extremely limited situations that the law allows for) & sealed information. It wouldn't be profitable as a randon business venture. And, they certainly couldn't do it on large scale, if for no other reason than it would be easily exposed. Their ill-gotten gains would quickly be eaten up by first the private civil, then class action lawsuits. Naturally, the next step would be the Senate hearings, where the CEOs of TU, EXP, and EQ would have to borrow some electric concept cards from Detroit, drive to DC, and sit for their very public grilling and insulting session. Then, there's the hefty fines from the government. Bad press from the consumer watch dog groups. And IRS investigation into their books that will lead to two of the three CEOs and their CFOs being tossed into prison, their kids being kicked out of private schools, and their wives having to give up their third home in the Hamptons. The third will attempt to go on the lam, seeking assylum in any country that will have him, but he'll eventually be turned over as a small provision in some completely unrelated trade agreement.

And somewhere, the whistleblower employee who first tattled, after waiting his or her entire career for a way out of their dead end job, will be sipping a rare red wine & cackling evilly from his or her new Condo in Telluride, CO.

[Anonymous]

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@DI wrote:

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@Anonymous wrote:

I app'd for this card last yr and was denied.I shop at this shop  at this store mostly everyday. matter of fact, I shopped in there today and picked up a cc application,I'm  scare to fill it out though...

Message Edited by ladydi on 03-11-2010 08:42 PM

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If your credit improved since you last app'd, I wouldn't be afraid to fill out the online application.  Why did Kroger decline you last year?

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i tried again last week,  the letter came today..yes denial again! the reasons are:

1) nbr of consumer initiated finance co. inq in the past 24 months..........?

2) nbr of consumer intiated inq in the past 12 mos. ?

3) nbr revolving trades reported within last 3 months w/bal.....?

if time i tried, i had nbr accounts with 0 bal........?

pls help me what can i do to get this card? it states should i have any additional info. which couldlead to reconsideration, please write us at he following address.

my EQ score is 674.