Jslimm1985 wrote:Well, I was denied.
Reason being, "sufficiently obligated with unsecured indebtedness" basically my credit utilization is too high. Which I should've been a little more mindful and paid my cards down before applying. Which is what I usually do but I don't know why I didn't this time. At least it was a soft pull used from when I applied for membership and not a wasted hard pull.
They pulled a 718 from Equifax
After I pay my cards down. What's a good amount of time to wait before applying again? Thank You for your help in advance.....
"Sufficiently obligated with unsecured indebtedness", I guess they couldn't just say "Utilization too high" or those of us with normal intelligence might "get it" without reading it twice. Rather than saying "Good morning, honey" to their wives, these folks would say "Good pre-noon timeframe, sweet, bee-derived substance" and rather than say "I used a fork to eat a potato" it would be something like "I utilized a multi-tined instrument to process a starch resource". You get the idea.
I think my favorite example of this of possibly all time was Al Haig explaining to an aide why he's not going to get a requested raise:
Al Haig: "Because of the fluctuational predispositions of your position's productive capacity as juxtaposed to government standards, it would be momentarily injudicious to advocate an increment."
Aide: "I don't get it."
Al Haig: "That's right."
Did ANYONE get that the first time through? I sure didn't.
Anyway I'm sorry they declined you. Every lender is different - Amex requires a 30 day wait for example, and this seems to be the minimum I've seen from a lender, so you should wait at least a month before applying again, and it will probably take that for your utlization to go down and be reported anyway. Certainly at the most you could re-apply in 90 days. I'm not sure what their requirements are. But you for sure can apply again within 3 months, and a month may work.