What does this mean?

[Anonymous]

I applied for a cc and the reason I was not approved is this

1.  to few revolving accounts never delinquent in the last 6 months

2.  total number of bankruptcy trade lines ever is low

meaning what?

[Tuscani]

LOL

I am actually speechless.

[Anonymous]

What kind of CC was that??? Seems like even the WORST SUB-PRIME CCCs could care less if you meet thier criteria. If you land in thier web you get a card and all the fees that come with.

Rob

[Tuscani]

They missed a reason:

3. You may not have had a late payment in the next 18 months... Or did you?

Message Edited by Tuscani on 06-08-2007 02:18 PM

[Anonymous]

Unfortunately we cannot approve your application for credit at this time due to the following reasons:

4. You've been at the same address for toooooooooooooo long.

[Tuscani]

I could go all day on this topic... Here are a couple I have actually seen:

- Insufficient evidence to revolve higher balances
- Lack of never delinquent mortgage account

- Number of accounts with zero balance

- Too many closed TLs

- Pyramiding debt

- Excessive Income

[MidnightVoice]

We cannot give you credit because you are too fiscally responsible  

[Anonymous]

---

@Tuscani wrote:

I could go all day on this topic... Here are a couple I have actually seen:

- Insufficient evidence to revolve higher balances
- Lack of never delinquent mortgage account

- Number of accounts with zero balance

- Too many closed TLs

- Pyramiding debt

- Excessive Income

---

I could picture a book: FICO-22, by Joseph Heller.

[Anonymous]

5. Cardholder consistently refuses to subject self to late and overlimit fees. [OK, maybe that one cuts too close to the truth.]