So last week I applied for Amex BCE and Discover IT. I was denied for the Amex BCE and got the 7-10 day notice.
Reasons for denial were:
Number of trades
Insufficient Time since most recent account established
High Utilization of credit lines or insufficient utilization of information
Key Factors to my Fico Score(I am assuming it was equifax as that was the reason for my denial but they pulled all three)
Proportion of Loan balances to loan amounts is too high
Too few accounts currently paid as agreed
Lack of Recent Revolving account information
Length of time accounts have been established
Too many inquiries in the last 12 months.(On equifax at date of application there was 1)
I think why I was denied was my capital one card was still not reporting to Equifax. It is reporting to TransUnion and I believe Experian. I think that was the biggest issue which I did not know it was not and it cost me three hard pulls. According to them my Fico score was 663, although according to here it was 678. So maybe this is my experian score?
My TU score for my Discover IT was 725.
Basically, where do I go from here? Do I try for a manual review, or just wait until Capital One updates my information and try again?
Manual review will be one more Hard pull.Dont attempt.Try a diffrent lender like Citi or GECRB