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            Got my first 2 GW rejections (BofA and Cap1); next course of action?

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            RopeIsGettingShorter
            RopeIsGettingShorter
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            ‎03-19-2023 04:48 PM
            ‎03-19-2023 04:48 PM

            Got my first 2 GW rejections (BofA and Cap1); next course of action?

            Hello!

             

            So, Feb 25th I wrote up my GW letters. For the BofA one, I fired it off to a couple execs via email that same day. Sent 3 physical copies to addresses listed from the bureaus on Feb 27th. Received a call & voicemail on March 1st to call them back. Called back multiples times almost every day, and leaving voicemails, until March 6th when the lady finally called back and shot the request down in flames. 

            For Cap1, sent 3 physical copies on Feb 27th to addresses provided by the bureaus. Emailed it to 3 execs on March 3rd. On March 10th, I got a call from Cap1 and spoke to some guy. He asked what happened and I gave him the run down. He seemed pretty sympathetic and willing to help so I was a tiny bit hopeful. Told me he'd see what he could do and call early the following week. On March 14th, I got a call and voicemail from a senior account manager asking for a call back. Called back the following day, March 15th, and a different senior account manager shot that letter down to hell. Then I got a rejection letter from them that same day in the mail. 

            So, what's the best course of action now? I read the saturation method but kinda confused with it. 

             

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            mfinsmi1
            mfinsmi1
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            ‎03-20-2023 02:06 AM
            ‎03-20-2023 02:06 AM

            Re: Got my first 2 GW rejections (BofA and Cap1); next course of action?

            @RopeIsGettingShorter the saturation method is that you dont give up and you keep sending letters every month 

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            donkort
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            ‎03-20-2023 02:51 AM
            ‎03-20-2023 02:51 AM

            Re: Got my first 2 GW rejections (BofA and Cap1); next course of action?

            Yep....that's pretty much all you can do.

             

            Bummer about the rejections!

            FICO 8: EQ 810; TU 816; EX 822 as of 7/5/2022
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            RopeIsGettingShorter
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            ‎03-20-2023 03:38 AM
            ‎03-20-2023 03:38 AM

            Re: Got my first 2 GW rejections (BofA and Cap1); next course of action?

            Donkort, I expected it after reading that most people get shot down on the first attempt. I was a little optimistic with Cap1 since I've been with them for almost 19 years and the guy that initially called seemed pretty willing to help. Just have to try again...and again. 

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