Discover it helP!!!!!!!!!

[Emeraldautomotive]

I was declined for a discover it card, reasons being:

% of balance to credit limit too high on revolving accounts

Length of time accounts have been established

Proportion of loan balances to loan amounts is too high

 

What is the best course of action to get an approval?

What are discovers requirements?

[moosetracks]

I was declined for a discover it card, reasons being:

% of balance to credit limit too high on revolving accounts

Length of time accounts have been established

Proportion of loan balances to loan amounts is too high

 

What is the best course of action to get an approval? The red reason above is the real one, pay down your balances you want 1 card reporting 1 to 9 percent of its individual CL reporting to the CRA and the rest at 0.

What are discovers requirements? They vary from person to person nothing is set in stone..

[Emeraldautomotive]

Thanks for the reply. I have paid down all my account too a 0'balance with the exception of 2. Should I call an recon of wait an reapp in 30 days

[shifter]

have those cards reported those 0 balances?

 

what are the balances on the other 2 cards?

 

maxed out?

[moosetracks]

Discover is not really known for recon success, you can attempt it since you have already taken the HP but if its no then I would just get your CRs in order then re apply.

[Emeraldautomotive]

Not yet. From the reporting days on equifax ithey will by mid july

[shifter]

Not yet. From the reporting days on equifax ithey will by mid july

then why did you apply already?

 

wait until they update and then re-apply.

[Emeraldautomotive]

One is at 1% the other is 30%

I jumped the gun a little

[mendelssohn]

 

Not yet. From the reporting days on equifax ithey will by mid july

then why did you apply already?

 

wait until they update and then re-apply.

+1

 

Always make sure your reports are ideal before an app. It doesn't matter what the balance is if it is reporting something different.

[moosetracks]

 

Not yet. From the reporting days on equifax ithey will by mid july

then why did you apply already?

 

wait until they update and then re-apply.

 

 

+2 in light of the balances not yet updated on your CRs.... The recon will not be successful at this point.

[cv91915]

Has anyone ever mentioned that Discover is conservative?

[mendelssohn]

Has anyone ever mentioned that Discover is conservative?

Not me!

Edited July 4, 2014 by mendelssohn