I'm afraid I do not understand how these credit card companies decides who gets approved and who gets denied. Do they just randomly pick someone? Like drawing a name out of a hat or what? Hubby and I have basically the same credit report - joint car loans, joint personal loans, same cards, etc. His score his 772, mine 746 (I have $3,000 more debt than he does). I have eight inquiries (seven mortgage, 1 Discover). He has seven (all mortgage, I have to thank our lender for this). I got approved, he got denied. Am I missing something here? His reason "excessive credit applications". I have more inquiries than he does. Plus, I feel awful. So I sent a letter to Juniper stating either approve us both or deny us both and if they wished to close my account they could. I also, called our old mortgage lender stating that the excessive # of applications is ruining any chances we have for credit and to delete five out of the seven inquiries or switch them to AR status. We'll see what happens. Dani
I know we're told they're coded but if they were, he wouldn't have been declined due to inquiries. what we're "told" and what's reality seems to be very far apart. You have stellar scores. Have him call in for a manual review. they're all mortgage inquiries. he'll get approved. also, I agree. Call your mortgage guy and tell him that's excessive. Have him remove or recode all but 1-2. removal is safer.
There are no coding of mortgage inquiries - Experian, Equifax, and TransUnion all agreed on this. They are considered regular inquiries for credit and have no special designation...unfortunately. The only thing I can do is yell at our mortgage broker (and hope they reduce they number of inquiries) or try to dispute them through the credit bureaus. Dani
