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Started By
Message
Credit Card - DENIED!
Posted on 5/5/09 at 5:35 pm
Posted on 5/5/09 at 5:35 pm
LINK
crazy.
crazy.
quote:
Here is an interesting email from "Scott" who was denied a credit card from Capital One, on the basis of "worsening economic conditions" in his area.
This post was edited on 5/5/09 at 10:23 pm
4
Posted on 5/5/09 at 6:05 pm to MileHigh
This post was edited on 5/5/09 at 6:06 pm
Posted on 5/5/09 at 9:23 pm to MileHigh
that is about the most fricked up line of bs I have ever seen....
Posted on 5/5/09 at 11:16 pm to MileHigh
Posted on 5/6/09 at 6:33 am to Spankum
quote:
that is about the most fricked up line of bs I have ever seen....
What is fricked up about it? A lender does not want to lend money through a vehicle that will have up to a 20% default rate in an area with absolutely plummetting asset values and skyrocketing unemployment.
What are they thinking? Do they not realize they are obligated to give everything to everyone?
Posted on 5/6/09 at 11:37 am to igoringa
I thought the guy had a fico of like 800 or something. Are they just redlining areas to be conservative or what?
Posted on 5/6/09 at 12:27 pm to MileHigh
quote:
There you have it, a credit worthy borrower denied credit just because I live in Tampa.
That would be good enough for me to decline his application.
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