I just applied for (and was denied) a Capital One Standard Platinum Credit Card.
The denial letter states the reasons as:
- TransUnion, too many delinquents
- TransUnion, lack of recent revolving account information
- Experian, insufficient experience with high lines of credit
- TransUnion, number of accounts
It also said: If you feel you have additional information you wish to sumit to us that might influence our decision, feel free to write to us. I was just approved for the BOA 99/500 card, which doesn't show on my reports yet, so I was thinking of mentioning that as recent experience. I have had a lot of collections, but they are all paid, and other than the new BOA card, I only have one open account. It's for my car loan, opened 03/2007 and never paid late. Has anyone had any luck getting them to reconsider an initial denial?