Chicken and the egg

My wife applied for a Cap1 Gold and was denied! They pulled Experian and she has a 690(which they pulled). Reasons for the denial were 1. Balances too high for credit limit 2. Not enough monthly payments 3.Too many accounts opened in the last 6 months

Here the truth. She got their K-Mart card 3 months ago with a heartstopping $50 limit. Her Experian report showed she had used $39 of her $50 limit(paid two weeks ago). This is her one and only account opened in the last six months. She has 6 postives including one with BOA for an autoloan we paid off 6 months ago, no lates.

Well we got the denial letter and she was steaming mad. We have worked very hard at cleaning up her credit and are on the way back. Well, she called and the stammering began, the rep we spoke with was flabbergassted. She explained how absurd the denial letter was and he seemed without any retort to our points. He put her on hold for an extended period and then a very matter of fact women came on the phone and preceeded to tell the wifey that yes all her points were valid but she is precluded from issuing a card because she simply did'nt have enough of an established history. Hmm I guess two open store cards with $0 balance and 48 month car loan paid to the nines is not good enough. She said call back in three months and they would consider a raise in her K-Mart card to a whopping $500. Went to PFB and 10 days later have yet to hear from Mr. Cooke.

Puzzled?

 

690 was as of 3 weeks ago after 3 derogs removed. She was a 625 and was scared of too many inquires, so we let Mohammed come to the mountain, that's how she wound up with the K-Mart card. I will NOT do business with CitiBank, I had a nightmare with them 10 years ago and their attitude was unacceptable. We applied for MBNA and the rep told her wait 30 days for a response. She is extremely discouraged after the absolute war we have been with the likes of Collectech, Gulf States and AMEX in removing derogs. Credit repair is definitely not for the faint hearted.

 

Ready to go to war with them, KHM? We will give them the one two punch. I'm not sure if they responded to my demand letter. My reports still show a derog from them as well as my wife's Equisux as of yesterday. How freaking stupid can they be? All for a $47..yes that's right, paid collection from years ago. Let's do the math them $47---me $2000. This sounds like a good bargain to me. I called there a few days back, some person with a very strong Carribean accent answered, sounds like a definite boiler room to me with all the whooping and hollering going on in the background. The rep was so confused when I asked her if they recieved my fax and what they were going to do. She said..."Yaa you call back man in three days, wees has an answa fur ya."

 

Yeah, they are a bunch of Harvard grads over there. I personally don't like getting into pis*ing contests on the phone. You are on their playing field playing by their rules. I had a lapse in judgement and called them after the demand letter. My blood pressure rose also. I think that's why the cease and desist works on most CAs. If they can't call you and badger, they lose their edge. Well I am preparing my suit this weekend and will wait the week to see if they do anything. Then I will drop the hammer. No freebie deletions anymore bucko, "Ya man yuz gunna pay some money na".