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Thank you for your credit card application. We regret that we're unable to open an account for the following reasons:1
My score is a 592 with equifax which is who they use to pull in TX. My truck was showing late but now I have it current but I guess the report does not reflect that. I know i need to pay down my ONE credit card cause my balance is close to the limit. All the collections I have are old and paid except for 2 but they are still on report. I did send GW Letters.
Any advise would be great.
Thanks in advance. I need a few more tradelines b/c my installment loan will be paid off soon and then I will only have one good trade line with no lates and my truck with past lates but good now.
It wouldnt really matter if your truck is showing current now because you still were delinquent on it last month. Therefore that late is still a huge hit on your score.
@bigbankhank wrote:This is what it said when I applied for a credit card with USAA. I just wanted to see what you would suggest that I do. I want to make sure I understand what this is telling me.Thank you for your credit card application. We regret that we're unable to open an account for the following reasons:1
- Serious delinquency
- Proportion of balances to credit limits is too high on bank revolving or other revolving accounts
- Number of accounts with delinquency
- Time since delinquency is too recent or unknown
My score is a 592 with equifax which is who they use to pull in TX. My truck was showing late but now I have it current but I guess the report does not reflect that. I know i need to pay down my ONE credit card cause my balance is close to the limit. All the collections I have are old and paid except for 2 but they are still on report. I did send GW Letters.
Any advise would be great.
Thanks in advance. I need a few more tradelines b/c my installment loan will be paid off soon and then I will only have one good trade line with no lates and my truck with past lates but good now.
@bigbankhank wrote:ok, I understand staying current. Anything else? After 6 months should I try again or wait longer? Also, can I contact them for a reconsideration?
Just to clarify, even if the truck is showing current, a recent late is still a huge hit on your score. The hurt from the late remains even after catching up. As time passes the hurt from the late will diminish.
TheR1ch wrote:It wouldnt really matter if your truck is showing current now because you still were delinquent on it last month. Therefore that late is still a huge hit on your score.
Message Edited by TheR1ch on 07-13-2008 08:06 PM
bigbankhank wrote:
This is what it said when I applied for a credit card with USAA. I just wanted to see what you would suggest that I do. I want to make sure I understand what this is telling me.Thank you for your credit card application. We regret that we're unable to open an account for the following reasons:1
- Serious delinquency
- Proportion of balances to credit limits is too high on bank revolving or other revolving accounts
- Number of accounts with delinquency
- Time since delinquency is too recent or unknown
My score is a 592 with equifax which is who they use to pull in TX. My truck was showing late but now I have it current but I guess the report does not reflect that. I know i need to pay down my ONE credit card cause my balance is close to the limit. All the collections I have are old and paid except for 2 but they are still on report. I did send GW Letters.
Any advise would be great.
Thanks in advance. I need a few more tradelines b/c my installment loan will be paid off soon and then I will only have one good trade line with no lates and my truck with past lates but good now.
TheR1ch wrote:
As far as calling them for re-consideration? I dont know I have never tried, but from my understanding your approval is based on an automated system therefore I dont think any CSR can reverse the decision.