Close it or SD it?

For just about anything you want to get off your chest about credit cards.
14 posts
User avatar
Centurion Member
Centurion Member
Posts: 1217
Joined: Sun Jan 26, 2014 3:55 am
Location: US

Postby Vattené » Thu Oct 09, 2014 4:42 pm

I wonder how this works from a credit reporting perspective. I haven't been following this or the OCCU scandal too closely, but I know at least with the latter it took quite a bit of time for them to correct their mistakes and overreaches (and when they did it was through unethical and perhaps even illegal means). But the point is, at least with OCCU people used the cards but we're then shut down. I'm inclined to assume it looks no different than opening a credit card and closing it a few months later.

With NASA, if they're generating automatic approvals with humans going in and overriding the decision to a denial later is this all happening before any cards are issued? Would this just appear as though someone made a hard inquiry but no account was ever opened?

In any case, it sounds like a real mess of which I am happy not to be a part.
FICO-8: EX - 827 (5/17) | TU - 824 (5/17)
My Cards: Barclay Arrival+ | Discover it | Amex ED
AU:: Discover Miles | BofA BBR | Barclay Commence (SD'd)

Centurion Member
Centurion Member
Posts: 1741
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Fri Oct 10, 2014 10:21 am

MemberSince99 wrote:Short cuts just don't seem to work.

Exactly. That was definitely the problem with OCCU and appears to be the problem with NASA.

lobbythis wrote:I glanced at that forum for maybe a week before I realized it was a joke.

There is a lot of noise over there and I'll definitely give that to Member or anyone who can't stand it over there since it is trying. Hasn't stopped me from using it but even so there are threads I know not to even look at just by the subject. I poked Member with the insanity comment above but I keep finding myself posting the same info in threads over there so I clearly have my own issues.

Centurion Member
Centurion Member
Posts: 465
Joined: Sat Sep 15, 2012 1:15 am
Location: Los Angeles, CA

Postby Gamma » Fri Oct 10, 2014 3:39 pm

If you were series about your question in the title Member I was about to refer you over to Wonderland (MyFico) :)

Centurion Member
Centurion Member
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Fri Oct 10, 2014 7:02 pm

Gamma wrote:If you were series about your question in the title Member I was about to refer you over to Wonderland (MyFico) :)

I think we both know what the answer would be, don't we? :) It's a bit like asking your barber if you need a haircut, or the local restaurant if you look hungry. Yeah, I think we know what they would say.

Return to “General Credit Card Talk”

Who is online

Users browsing this forum: BobbyLOg and 3 guests