Very Upset About Capital One Denial & Different Scores

[Anonymous]

WOW, as we were just typing lol, i decided to see if i can get a CLI on my Chevron card. It was $4,000, then for whatever reason they dropped me to $130. I just requested to be moved up to $5,000 and it was approved. 

[HeavenOhio]

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@Anonymous wrote:

Well anyway, so how do i prevent this from happening again because maybe capital one is seeing a score that is not updated some how? 

Anyone know of a good card i should apply for that I'm pretty sure to get approved for with my scores? 

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A hard pull should produce fresh data. It's unlikely that Capital One would have used an old score. You'll be interested to see what score is included in the denial letter.

[SouthJamaica]

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@Anonymous wrote:

Oh , so I see, yes it says 676 score as of May 26th, 2018. I didn't notice that. So i just talked to someone and she said I have to call tomorrow to get someone to update the score because they are closed today. So I do have a $1,000 Amex Everyday Card that's how I am able to see these scores. 

Do you think this is what's going on with Capital One even though I don't have an account with them? 

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No, Capital One took a hard pull and has the updated scores and data.

[Sbrooks1]

OP, there is a lot more toban approval other than your credit score . As said before wait for the letter and don’t take it personal

[Anonymous]

Ok, but when you say that, what do you mean? There is a lot more to getting approvals other than credit score. Can you teach me some examples? 

[Sbrooks1]

They will look at your entire profile . DTI, AAOA, AOYA, inquiries, how thin or thick your file is etc.. it’s impossibe to predict just based on score alone. If I had to guess I bet you are fairly new to any credit and the Venture card likes an established credit history .

[Anonymous]

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@Anonymous wrote:

my friend got 17 credit cards in the last 2 months and doesn't even have a 700 score, this makes no sense

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Scores are not the only factor in determining whether applications for credit cards (including credit line increases) and other types of loans are approved. The issuer/lender will be reviewing your credit report to look at things like the average age of your accounts, utilization of your existing revolving credit (in other words, how much credit you're using), the number of hard pull inquiries you have outstanding and active, your payment history, any negative/derogatory items such as collections or bankruptcies, annual income, employment status and so on. This is why you read so much emphasis on these boards about doing things like paying your monthly balances in full if and when possible, keeping your overall utilization under certain percentage figures, letting your existing accounts age to build payment and usage history, keeping the number of hard pulls done by potential lenders under control, etc.

[bourgogne]

the only way, imo, to app for a cap1 is via a pre-qual, 3 hits is too much to risk otherwise.  I am guessing you did not do this.  sounds like amex has not refreshed is all.  as a side note there are better travel cards out there, imo.  if you go to the chase pre-qual site for example does it bring up anything?  how about us bank?  pinging solid pre-qual sites can be a good prediction of the future and how the credit world is looking @ you.  scores only tell part of the story, if you are really in the 800s but you have high utilization that is holding down your scores its giving you a false positive and you might not get what you think you should when you app.  utilization is huge

[RobertEG]

They may also be reviewing other information that is unrelated to your score, but considered by them to be of major significance.

Current income is a substantive example.

Also, accounts that report derogs and also show that they remain unpaid may be considered as indication that you let debts go unpaid.