Jump to content




Welcome to CreditBoards!


Sign In 

Create Account
Welcome to CreditBoards! Like most online communities, you must register to post in our community, but don't worry - this is a simple process requiring minimal information for you to sign up. Be a part of CreditBoards by signing in or creating an account.
  • Start new topics and reply to others
  • Subscribe to topics to get email updates
  • Get your own profile page and make new friends
  • Send personal messages to other members.
 
Guest Message by DevFuse

Read These Items!

  • If you're getting an Authentication mismatch error: Clear your cache. Log out of CB. Delete your cookie. Close your browser. Open your browser and log back in.

Photo

The Master Inquiries Listed as Reason for Denial Thread


  • Please log in to reply
23 replies to this topic

#1 BobWang

BobWang

    Bump Influence <3

  • Members
  • 34,065 posts

Posted 26 February 2012 - 10:25 PM

2012-02-17 Discover Student More denied Experian 660 (250-900)
2012-02-17 Discover Denial Reason #1: Number of Inquiries in the last 6 Months (2 inquiries) (5 total)
2012-02-17 Discover Denial Reason #2: Unsatisfactory Bank Revolving Trade (Walmart, AU BofA)
2012-02-17 Discover Denial Reason #3: High Utilization on Opened Accounts ($3.5k Student Loan)

Inquiries:
2011-01-12 University Housing
2011-06-12 Sears
2011-07-01 University Housing
2011-08-11 Auto Loan Quote (Paying cash, Salesman pulled hard)
2012-02-17 Citi

Edited to correct 2012-07-17 to 2012-02-17

Edited by BobWang, 26 February 2012 - 10:35 PM.




#2 fusioncredit

fusioncredit

    Bump Influence XXIII

  • Members
  • 466 posts

Posted 26 February 2012 - 11:11 PM

2012-02-17 Discover Student More denied Experian 660 (250-900)
2012-02-17 Discover Denial Reason #1: Number of Inquiries in the last 6 Months (2 inquiries) (5 total)
2012-02-17 Discover Denial Reason #2: Unsatisfactory Bank Revolving Trade (Walmart, AU BofA)
2012-02-17 Discover Denial Reason #3: High Utilization on Opened Accounts ($3.5k Student Loan)

Inquiries:
2011-01-12 University Housing
2011-06-12 Sears
2011-07-01 University Housing
2011-08-11 Auto Loan Quote (Paying cash, Salesman pulled hard)
2012-02-17 Citi

Edited to correct 2012-07-17 to 2012-02-17


Those are your denials?

#3 Repairerer

Repairerer

    Bump Influence Scroll Keeper IV

  • Members
  • 6,341 posts

Posted 26 February 2012 - 11:17 PM

They are his science experiment's. :D

#4 BobWang

BobWang

    Bump Influence <3

  • Members
  • 34,065 posts

Posted 26 February 2012 - 11:20 PM

I don't think I qualify for Student Housing any more. :P

#5 1234

1234
  • Members
  • 481 posts

Posted 26 February 2012 - 11:20 PM


2012-02-17 Discover Student More denied Experian 660 (250-900)
2012-02-17 Discover Denial Reason #1: Number of Inquiries in the last 6 Months (2 inquiries) (5 total)
2012-02-17 Discover Denial Reason #2: Unsatisfactory Bank Revolving Trade (Walmart, AU BofA)
2012-02-17 Discover Denial Reason #3: High Utilization on Opened Accounts ($3.5k Student Loan)

Inquiries:
2011-01-12 University Housing
2011-06-12 Sears
2011-07-01 University Housing
2011-08-11 Auto Loan Quote (Paying cash, Salesman pulled hard)
2012-02-17 Citi

Edited to correct 2012-07-17 to 2012-02-17


Those are your denials?

Bob's denials :o

Edited by 1234, 26 February 2012 - 11:21 PM.


#6 BobWang

BobWang

    Bump Influence <3

  • Members
  • 34,065 posts

Posted 26 February 2012 - 11:26 PM

Don't confoose the noobs. :P

#7 fusioncredit

fusioncredit

    Bump Influence XXIII

  • Members
  • 466 posts

Posted 27 February 2012 - 02:46 AM

I don't like denials so I am going to do everything I can to ensure approvals Posted Image

#8 BDK

BDK

    Bump Influence Scroll Keeper III

  • Members
  • 11,355 posts

Posted 27 February 2012 - 09:15 AM

It's possible to get denied for having too many inquiries??? Never seen that for a reason, is there a way to get rid of the pesky little suckers?

:P

#9 johnnyderp

johnnyderp

    Bump Influence XXV

  • Members
  • 387 posts

Posted 27 February 2012 - 09:18 AM

It's possible to get denied for having too many inquiries??? Never seen that for a reason, is there a way to get rid of the pesky little suckers?

:P


Nope. They are super sticky for 24 months. Posted Image

#10 BDK

BDK

    Bump Influence Scroll Keeper III

  • Members
  • 11,355 posts

Posted 27 February 2012 - 09:26 AM

Then I'm going hunting fo inqwies! :aggressive:

#11 gabbyraja

gabbyraja
  • Members
  • 1,221 posts

Posted 27 February 2012 - 09:49 AM

GECRB/Walmart denial of CLI due to 4 factors, 1 being too many INQ (2 INQ)

Edited by gabbyraja, 27 February 2012 - 09:51 AM.


#12 BobWang

BobWang

    Bump Influence <3

  • Members
  • 34,065 posts

Posted 27 February 2012 - 10:10 AM

So far:

Discover
GECRB/Walmart

#13 harmstrong523

harmstrong523
  • Members
  • 212 posts

Posted 27 February 2012 - 10:22 AM

Amex Zync

You have charged-off financial obligations reflected in a report obtained from Teletrack Consumer Reporting Agency. (Didn't even know what this was)

Your FICO? score (See below) (Score on denial was 657)

Too many new accounts. (Experian) (2 accounts opened in last 12 months)

Number of trades (Experian) (Not even sure what this really means)

ETA details in ( )

Edited by harmstrong523, 27 February 2012 - 10:24 AM.


#14 BobWang

BobWang

    Bump Influence <3

  • Members
  • 34,065 posts

Posted 27 February 2012 - 10:49 AM

AmEx Zinc (could be new accounts, not just inquiries)
Discover
GECRB/Walmart

#15 Menta33

Menta33

    Bump Influence XIV

  • Members
  • 1,342 posts

Posted 27 February 2012 - 11:02 AM

Justice Federal Credit Union denied me membership in April 2011 for having too many Equifax inquiries.

#16 BobWang

BobWang

    Bump Influence <3

  • Members
  • 34,065 posts

Posted 27 February 2012 - 11:03 AM

AmEx Zinc (could be new accounts, not just inquiries)
Discover
GECRB/Walmart
JFCU

#17 foeplay

foeplay

    Bump Influence IV

  • Members
  • 7,274 posts

Posted 27 February 2012 - 11:09 AM

Nordies denied me for too many inquiries the first time I tried (5-6 inqs on EQ). I bumped them all off in less than a month, re-applied and was approved. :D

#18 BobWang

BobWang

    Bump Influence <3

  • Members
  • 34,065 posts

Posted 27 February 2012 - 11:17 AM

AmEx Zinc (could be new accounts, not just inquiries)
Discover
GECRB/Walmart
JFCU
Nordstrom

#19 BobWang

BobWang

    Bump Influence <3

  • Members
  • 34,065 posts

Posted 28 February 2012 - 06:01 PM

AmEx Zinc (could be new accounts, not just inquiries)
Discover
GECRB/Walmart
JFCU
Nordstrom
PNC

#20 spigot

spigot

    Bump Influence XXII

  • Members
  • 199 posts

Posted 28 February 2012 - 06:30 PM

PSECU denied me last month strictly based on INQs. 32 INQs on EX. 2 within last year. I was a moron in 2010. :)

#21 BobWang

BobWang

    Bump Influence <3

  • Members
  • 34,065 posts

Posted 28 February 2012 - 06:36 PM

AmEx Zinc (could be new accounts, not just inquiries)
Discover
GECRB/Walmart
JFCU
Nordstrom
PNC
PSECU

#22 BDK

BDK

    Bump Influence Scroll Keeper III

  • Members
  • 11,355 posts

Posted 28 February 2012 - 06:42 PM

PenFed. :angry:

#23 BobWang

BobWang

    Bump Influence <3

  • Members
  • 34,065 posts

Posted 28 February 2012 - 06:45 PM

AmEx Zinc (could be new accounts, not just inquiries)
Discover
GECRB/Walmart
JFCU
Nordstrom
PenFed
PNC
PSECU

#24 MarvBear

MarvBear

    Velvet Hammer

  • Admin
  • 47,693 posts

Posted 28 February 2012 - 08:20 PM

FICO returns a score based on 4 reasons. If the number of inquiries impacted the score, then, and only then, will it return that as the fifth reason.

It's relatively easy to program your "adverse action letter" using the factor the lender prefers to use.




0 user(s) are browsing this forum

0 members, 0 guests, 0 anonymous users



© Copyright 2003 - 2013 Creditboards.com. All rights reserved. No portion of this site may be reproduced without explicit permission from the owners. The content of creditboards.com is subject solely to the personal whim of its admins. We reserve the right, at our sole discretion, to remove any and all posts or comments, at any time, for any reason which takes our entirely capricious fancy, or for no particular reason whatsoever, without restriction. Comments or questions regarding the site may be addressed to admin@creditboards.com.