BCP was denied outright initially. Called for manual review, it took them like a week and a half. Here is letter:
Reason(s) for Our Decision
Our scoring of your credit and other relevant information (See below)
We evaluated your application using a credit scoring system that considers various pieces of information, including your credit report. The following key factors contributed to our evaluation:
Too many recent credit checks. (Experian)[color="red"]4 Hards in last 12 months(verizon, chase, boa, amex)[/color]
Amount of credit available on accounts (Experian)[color="red"]Honestly don't get this, I have 6% utilization...[/color]
Your FICO? score (See below)
Lack of bank account or lack of bank account information.[color="red"]I didn't see anywhere to put bank account info on app???[/color]
Information About Your FICO? Score
We obtained your FICO score from Experian and used it in making our credit decision. Your FICO score is a number that reflects the information in your credit report. Your FICO score can change, depending on how the information in your credit report changes. On November 02, 2011, your FICO score was [color="red"]726[/color]. The FICO score ranges from 300 to 850. The following are the key factors that contributed to your FICO score:
Length of time accounts have been established.[color="red"]AAoA is indeed low, 1 year. Oldest account 23 months[/color]
Lack of recent installment loan information.
Proportion of revolving balances to revolving credit limits is too high.[color="red"]$650/10,500 ... Don't ask me.[/color]
Too many inquiries last 12 months.
So after that, I immediately applied for amex clear, since I heard that was easier to get than BCP. Denied for same reasons immediately.
Applied for zync, no paks, said in progress. Called this morning and they told me denied. I asked for a manual review and she said no. Kept trying to tell me that equifax(yeah they pulled EQ??) told them my credit utilization was high while I was telling her I just looked at my report 30 minutes ago and I have 6% util.....
Asked for a supervisor and he said "do you find any information about our reasons for declining you to be inaccurate" I said yes my credit utilization is very low. He said he would put it in for review. Now we wait again..........