23 replies to this topic

[BobWang]

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.

[fusioncredit]

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?

[Repairerer]

They are his science experiment's.

[BobWang]

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

[1234]

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

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

[BobWang]

Don't confoose the noobs.

[fusioncredit]

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

[BDK]

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?

[johnnyderp]

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?

Nope. They are super sticky for 24 months.

[BDK]

Then I'm going hunting fo inqwies!

[gabbyraja]

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.

[BobWang]

So far:

Discover
GECRB/Walmart

[harmstrong523]

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.

[BobWang]

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

[Menta33]

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

[BobWang]

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

[foeplay]

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.

[BobWang]

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

[BobWang]

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

[spigot]

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

[BobWang]

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

[BDK]

PenFed.

[BobWang]

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

[MarvBear]

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.