WAMU was the first CC we ever gat that came with a CL higher than $1k... Good start to a great future. 
We recently shredded it though. No more using it, just reaping the rewards of the open TL with perfect payment Hx.
We recently shredded it though. No more using it, just reaping the rewards of the open TL with perfect payment Hx.Rob
@Anonymous wrote:
@Anonymous wrote:
CLI dept over the phone at Wamu told me they decline for UTL over 25-30%. I have been declined for years by them. My UTL is always high. My credit was perfect/clean when I applied, still always denied by Wamu. I never knew high UTL was looked at as a big giant negative. I tell everyone now to pay off UTL below 10% even better if down to 0% before applying for anything. The only company for me that didn't mind my high UTL was Advanta.
Well, like I said, I think they lied to you. They approved me for maximum CL, and my utilization was more than 30% at the time I applied. Didn't you have a large number of inquiries the last time you applied? Was that also the case for previous applications? And how could you be declined for years - WaMu has only offered CCs for a relatively short time.
I really enjoy your detailed research and agree with most of your conclusions about what actions affect FICO scores, but I think you're wrong about WaMu this time. I believe they weigh a combination of factors (score, utilization, negatives, etc.), and the number of inquiries is one of the more important factors.
Recently there were many inq with apps, older apps had fewer to no Inqs. Still declined. Before that Providian always declined me too. Score were about 720-760 with decline. High UTL always.
You could be right, the person at Wamu might have lied or did not know correct info. Wamu/Providian would never approve me. When I challenged the real reason I am repeated denied from a person in a CLI dept recently I was told it was because of UTL, 25-30 ect.... Just passing that along as well as where I heard it. I am just relaying info from a person at Wamu.
@Anonymous wrote:
Recently there were many inq with apps, older apps had fewer to no Inqs. Still declined. Before that Providian always declined me too. Score were about 720-760 with decline. High UTL always. You could be right, the person at Wamu might have lied or did not know correct info. Wamu/Providian would never approve me. When I challenged the real reason I am repeated denied from a person in a CLI dept recently I was told it was because of UTL, 25-30 ect.... Just passing that along as well as where I heard it. I am just relaying info from a person at Wamu.
Hmmm, weird. Might be harsh to say the CSR lied, probably more likely they didn't know the complete reason and were throwing excuses around to see what would stick. DW and I have similar scores to you, so it's hard to find any other cause that could explain the different result. Oh well, another CC puzzler.
One thing ... Since WaMu now offers some cards with decent features, I sure hope they dumped as much of the leftover Providian guidelines and other cr*p as possible, and installed their own approval criteria, policies, and management. If so, maybe a lower number of inquiries will get approval at a later date, instead of what you encountered with Providian.
Message Edited by Revike on 07-23-2007 12:18 PM
