State Department Federal... Docs = Approved? = DECLINED

[Creditaddict]

This was my last app I put in before I went into the garden and just logged in because I have not heard anything and it's updated as DECLINED:

Delinquent past or present credit obligations with others. (yes, past)

Escalating debt (I have no debt so I guess new accounts!)

Length of employment. (10 months)

Number of recent accounts (Yes, TONS!)

Number of recent inquiries (Yes)

seems like a lot of extra paperwork and wasted time for them to send out full on loan docs with the APR you qualify for based on I guess credit score alone before they actual decide if they are going to approve the loan... Not to mention that 2 days before that I was asked to upload my drivers license.

Why not review the credit and if then you are considering approval, ask for ID verification and sign loan docs (which I have not heard of for a credit card!)

oh well.... still in the garden and not so bad so far actually

[toi34]

Try Logix...they are not as conservative and you will get either an instant approval or decline.

Let us know how it goes!

[Creditaddict]

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@toi34 wrote:

Try Logix...they are not as conservative and you will get either an instant approval or decline.

Let us know how it goes!

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I was a member with them and had a secured card and made my partner joined and he was instantly approved ofr $9k and then the loan officer looked at it and said he had enough credit and offered to build a relationship at $500... through a manager she thought it was "odd" that the decision had been changed and upon looking at the credit really found it odd but wouldn't overturn the decision... we closed ALL accounts instantly! i can't handle banks that change decisions for the negative and upon further research they do that A LOT!

[john398]

whats the advantage with them? just low intest rates? or are there rewards?