Mrancier04

I was instantly denied because of AAOA. Nothing to do with being a third class member.

The application goes through normally.

Just checked with CS at gemb amazon and they said that they cannot open the same account and that I will have to reapply. I asked if the fact that I have this closed account will affect the app and she said no. Somehow I don't trust her.

Yeah they are weird. I am waiting for the AA letter before I call, but maybe it would be better to call now. Anyway, do any you think they will deny a new account ?

Never late. I do Have for long periods noT used them.

About 4 weeks ago gemb closed all my retail accounts that I had left with them. I have to get a letter stating the reasons. I had an old navy account that I closed about two months ago. I had no use for it at the time (300 cl) and I thought I could do better (silly me). I wonder what will happen if I reapply for it. Will my profile be flagged?

I am so sorry that the ways in which banks can use predatory practices have been limited. I think the financial crisis has taught us that the risk analysis and data modeling used by our banking system are deeply flawed. You really don't have to try hard to make the numbers say whatever you want, and support whatever action you want to take. I agree, and what I am going to say is going to be unpopular here BUT if I was running a bank (obviously I am NOT). I would have a set limit for CC limits total. I don't know what they would be but for example if you make $100k I would only allow total credit lines of say $50k and if you already had total credit lines of that at my Bank or any other bank you would be denied. I know Available doesn't equal debt but total available does equal potential debt to a bank and if its more than you can reasonably payback that also equals potential losses. Then you are saying not one single day late in 30+ years means nothing So we are going to go only by INCOME So somebody who has 10 late payments and a couple of collections gets approved because they make $100,000 and only have $10,000 in credit limits...but I have been way over H/H INCOME for decades...SO I AM DENIED That's a very good point. I often see folks that get approved with COs, CAs, PRs. I try to apply and get denied with a clean report and numerous positive TLs. This sort of mentality is the opposite of what we are lead to believe by FICO and the others. You are NOT rewarded for managing your debt well. Apparently someone with a lot of available credit is a higher risk than someone with Collections, or BKs. Don't get me wrong, I think everyone deserves a second, third or fourth chance. I've had my share of those. I just wish we could really understand what the risk algorithms are taking into account. some things just don't make sense. Also, if we were only allowed to have as much credit as we could pay, their would be no need for credit cards. We would only have charge cards that would only allow us to purchase up to a fraction of our disposable income. To some this may sound like a great idea. To others it would be a nightmare. No Payment history would also play a part. Many people aren't late yet but are walking a tight rope, one thing goes wrong and they fall behind. So Paying on time doesn't tell the full story either. I am currently one of those people and I am working on mending my ways and will be out of debt besides car and house in the next few months. Then I plan on focusing on saving more so I do have more of a rainy day fund. Sorry OP, That does suck loosing that much in CLs. This is a valid point, however, aren't CAs, COs, PRs, signs of a poor payment history (regardless of the circumstances) ? Are you saying that a lender will assume that one will default even if one never has, but, on the other hand, a person with major derogatory items on their credit report, past or present, has a much lower probability of default, even though they have in fact defaulted already ? Underwriting goes by the Devil you know... mantra ? I know absolutely nothing about risk management or underwriting, but this does not seem plausible. Everyone is walking a tight rope with payments. You could lose everything tomorrow. You could get sued by a neighbor that tripped on your walkway and lose everything you have.

If you keep adding new cards after that, it doesn't really matter that you waited the timeframe they suggested. You keep resetting the clock. I think they need to see 3-6 months of history reporting on a new account before they stop considering it particularly worrisome. If I had not read all the numerous post of folks getting approved post bk or with major derogs on their reports or students with zero Income and short history, I would wholly agree with you. But there is just no explanation for their decisions. Also, their system seems to purge applications after 60 days. I have called and asked about an app to see what happens and they clai not to find in the system. I certainly can't even pull up status.

I do have two accounts. One for the desktops and one for the iPhone . I just hate having to log In every single time I want to search the pulls db or post. Cookies and/or sessions are much easier to deal with. I do have lots of accounts. I have 55 trade lines on my reports with 36 active. I have been pruning, though, closing all the low CL high APR accounts. The AAOA situation is indeed precarious, however it has been a factor in two cases: nationwide bank and barclays. Not one other lender has cared. I have accounts with the three major banks, hsbc, a gaggle of gemb subp's, and a few oddballs. I plan to consolidating and hope to bring myself to less the 20 TLs in the next 18 to 24 months. A supervisor at nationwide assured me that I could get an approval if I added 4 months to my AAOA. Barclays is the real question mark right now. I can't seem to find a pattern to how their approval works. No real consistency.

LOL, so Sorry about the wall of text. You can I am not very experienced I'm this medium.

I keep getting denied with "not enough accounts with sufficient performance". Does anyone know what the minimum AAOA for barclays/juniper might be ?

I tried the small business offers but it error out saying that it could not access the bureau. It did invite me to apply for the plum and the delta business. I don't mind the charge card aspect, since I only want it for cs. Have any you been denied after a preselected offer online? I know a lot of people that have been denied with the pre-app letter. I have the same problem with barclays: I see approvals for people with major derogs and much lower scores and much highers inqs than me, but they will simply not give me a card. A college kid can get an iTunes card without a job, but I can't get one with a solid albeit short credit history and a career. Sorry about all the typos. I'm typing on my iPhone while I put my kid to bed.

I've trying to get an Amex card for a ling time. I have never received pre-selected offers, and two months ago I was denied a starwood card. I've applied about 5 times in the last 12 months and have been denied every single time. My reports are clean, but my AAOA is quite short. I just did my monthly Amex pre-app and to my surprise I had the green and the gold charge cards pre-selected. I know that this is in no way pre-approved. But in your experience what is the chance of an approval?

Never been able to recon with GEMB. They always say to wait 30 days and apply again. If you go before then you will be auto declined for applying too soon.

I am one fo the people that was affected by the EQ service malfunction. If your friend has score watch or I'd patrol or any monitoring product from EQ, there is a chance that they are affected by the same issue. If that's the case, the only way to fix it is to cancel. They will not admit there is a problem. I fought with them for a week, and in the end, 30 seconds after I canceled (and do tell them to make it effective immediately), my file was magically fixed.