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When to RECON

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Established Member

When to RECON

How soon do you recon after you receive the automatic decline on the web? The day after or is it after you receive the letter in the mail?
Message 1 of 10
9 REPLIES 9
Super Contributor

Re: When to RECON

Depends on the bank. Some will let you recon immediately because they have access to that info, or they'll HP you again on the spot so they don't care about the reasons for denial. Others will require you to wait for the letter. Then there are banks like cap1 and discover that are pretty much automated and you can't recon at all.

 

Who'd you get denied by?







Message 2 of 10
Established Member

Re: When to RECON

PNC. I’ve had a bank acct with them for 3+ yrs so I applied for a cash rewards card since I rcv’d a mailer. Current exp score is 684
Message 3 of 10
Frequent Contributor

Re: When to RECON

Disclaimer: I’ve never had to recon anything.

That said, I’d wait for the letter first and see what denial reasons they list. First, you’ll have a better idea if they can be explained to their satisfaction. Secondly, you can decide if risking another HP is worth the gamble should they want to pull your report again.

PNC seems to be very relationship influenced, and banking with them is a plus. That said, your score indicates you may have some negative info on your reports or your file is really thin/new. Have you had any NSF issues with PNC in the past? I’d wait to see what they don’t like before doing a recon.
Personal Credit -
AMEX: Platinum, Green, Cash Magnet, Schwab Investor
PNC: Cash Rewards, Points
NFCU: Flaghship Rewards, Cash Rewards, More Rewards, CLOC
PSECU: Founders
BB&T: Spectrum Cash Rewards
CapOne: Quicksilver
Discover: IT Chrome
Synchrony: PayPal 2%, PayPal Credit
Barclays: Uber
PenFed: Power Cash Rewards
Store Cards: Target
AU Cards: Citi Rewards+

Business Credit-
AMEX: Blue Business Plus, Amazon Prime, Simply Cash Plus
Message 4 of 10
Established Member

Re: When to RECON

Nope. No issues with them at all. Have been in good standings with them since the beginning. I do have some a few charge offs from other CC’s dating back to 2014. I currently have 2 cc’s that are open. Cap1 World MC in good standing and a tires plus card that I don’t even use.
Message 5 of 10
Established Contributor

Re: When to RECON

You should still use your Tires Plus card here and there even if it's 5 dollars (well depending on Limit) to keep it active and so you also don't risk a CLD but that is odd I would say call immediately but I don't bank with PNC but if I had a small CL (for example with my HD card) I called right away and they raised my limit and I know some places will actually tell you just wait for your letter but you can always call right away and ask if they say you can go ahead and recon then you can shoot your best shot but if they say it's out of their hands and to wait on mail then wait 6 months minimum and try again.   :/       It's hard to say without knowing exactly why they said no go 
















Message 6 of 10
Established Member

Re: When to RECON

So I just reached out to PNC. They denied me due to the past delinquencies showing on my EXP report. Sucks but it is what it is. I tried to see if they could do anything to reconsider and she was adamant abt pulling my report to review those delinquencies. She basically said to kick rocks. Smh
Message 7 of 10
Senior Contributor

Re: When to RECON

Were the CO's still reporting a balance? If they were PIF and 0 balance that might have looked better. If they show a balance that goes against your aggregate util and you lose points depending on the %.





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 8 of 10
Highlighted
Established Member

Re: When to RECON

Yes. They still have balances on them
Message 9 of 10
Senior Contributor

Re: When to RECON

The best advise is take care of the past so the future will be easier to get what you want. Set up payment plans to pay off those CO's so they quit reporting. Settled or paid is a whole lot better than owed. Once thats done and your score rebounds some. Then maybe you'd have a better chance. Some banks see you have charge offs and wonder if you get sued can they still pay us at the same time. Make sense?





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 10 of 10
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