/ Register

Target is not score driven

Discussion in 'Credit Talk' started by sal826, Aug 27, 2002.

  1. Aug 27, 2002 #1
    sal826

    sal826 Well-Known Member

    Hi,

    Last week I applied online for the target visa - I got the "we will get back to you in 10 days" response.

    Well of course I got denied even though I had a 643 fico.

    Apparently target doesn't just pull your score, they really do READ the credit report. I know this because they gave me specific reasons WHY I was denied - collection account, late pay, etc.

    -Sal
     
  3. Aug 27, 2002 #2
    sam

    sam Well-Known Member

    if it was equifax. dispute all the items negative, wait about 2-4 days, and re-apply. Worked for me!
     
  4. Aug 27, 2002 #3
    GEORGE

    GEORGE Well-Known Member

    IF THEY "READ" IT...I WOULD HAVE BEEN DENIED..."EXCESSIVE CREDIT LIMITS" EVEN THOUGH I HAD A 711 F.I.C.O.
     
  5. Aug 27, 2002 #4
    sal826

    sal826 Well-Known Member

    Hi Sam,

    I've been following some of your threads, and it seems like you are somewhat of a guru disputing and applying simultaniously on equifax.

    Actually I did dispute everything on equifax (masked the baddies) all except one which was a collection (online wouln't let me dipute this one for some reason)


    Anyway, it still all raised my fico to 643 - is it possible 643 is still too low to get approved instantly????

    Is there something else I should be doing? Is there another credit card company I should be trying this as well (I'm in california)


    Thanks,
    Sal
     
  6. Aug 27, 2002 #5
    Hermit5

    Hermit5 Well-Known Member

    does it raise your score on Equifax when you dispute?
     
  7. Aug 27, 2002 #6
    Butch

    Butch Well-Known Member

    Sal,

    It seems the cutoff is 680. I wouldn't apply for anything until I was solidly into the upper 680's. Once you do and get denied your score drops, albeit slightly. But that defeats your purpose. Lets not shoot ourselves in the foot, ok?

    :)

    hth
     
  8. Aug 28, 2002 #7
    FicoSux

    FicoSux Well-Known Member

    I got approved with a 652...500cl and 18.9 dropped to 15.9 on activation.
     
  9. Aug 28, 2002 #8
    christi523

    christi523 Well-Known Member

    I got approved with a 652 and my husband got approved with a 643.
     
  10. Aug 28, 2002 #9
    ohnostuck

    ohnostuck Well-Known Member

    Hubby had a 661 when we applied and was approved. I had almost the exact same report as his and I got denied with a 659. Target IS one of the easiest store cards to get. I applied for the Visa though. I think that they pick one out of 4 LOL
     
  11. Aug 28, 2002 #10
    QUEEN_BEE

    QUEEN_BEE Well-Known Member

    No, at least not for me. I disputed two collections and no score change.
     
  12. Aug 28, 2002 #11
    vanili

    vanili Well-Known Member

    I disputed on Equifax and had no score change. Disputed 4 items on my friend's report and his score went down 10 points.
     
  13. Aug 28, 2002 #12
    sal826

    sal826 Well-Known Member

    I suspect the magic fico score might be somewhere around 650 for target to AUTOMATICALLY approve. I think what is happening is that if your below 650 they do a manual credit review (and then your screwed) - just a guess on my part (please don't try this at home kids)





    -Sal
     
  14. Aug 28, 2002 #13
    mj

    mj Well-Known Member

    Yes, they are score driven. Companies can get 5 numbers from the bureau - score + 4 "factor codes" ... the factor codes are the numbers representing the top 4 reasons why your score isn't higher. I.E. "public record, BK, or lein", "excessive utilization" "too many recent inquiries" and "too many new bankcard accounts"

    They can also do custom scoring work with the bureaus.
     

Share This Page