Second Letter For Reconsideration, Terrible Treatment

An easy fix. Go to annualcreditreport.com and get your credit reports
free. Then, through them they link you (using their report numbers) to
dispute anything that isn't correct. It takes a couple weeks to
remedy once you dispute, but it's a fairly painless process
otherwise.

You can also add your own statement and update any address or employer
information that isn't there either. Once fixed, give it a week to
update and then reapply with your new "fixed" credit rating.

Bickering and threatening will get you nowhere since maintaining your
credit file is your own responsibility. Also...never name a kid the
same name as you (i.e. Fred Jr., Fred II, Fred III) since it's more
than common to have their information show up on your report. That
could be good, or in most cases very bad since a lot of relatives turn
out to be worthless bums. Good luck...post your results.

There are thousands of cards out there, many of which are better than
citi. Apply for a new card. I have both Citi and Chase and I find
Chase to be MUCH better. You might also want to run a credit check on
yourself and see what the problem is. 40K a year really isn't that
much (I know I make 35k) so 3 cards for that salary really is a lot.
If you have good credit then that's Citi bank's loss, not yours.

Based on the responses below to this letter, I'd like to offer some
additional information:

1. Contrary to what some believe, contacting credit card companies
and asking for "re-consideration" does get results. There are
numerous financial web sites which state that no does not necessarily
mean no and provide excellent information on how to contact a card
issuer and get approval by talking to a human being. In addition, I
have seen letters come through on PFB which thank credit card issuers
for re-considering an original rejection and giving the applicant a
card.

Along these same lines, we get quite a few letters on PFB which
request goodwill deletions or "pay for delete" agreements. These
letters are routinely bashed as being unreasonable etc. To the
contrary, apparently these also get results. I've seen mentions on
credit boards that they've sent a "PlanetFeedback letter" and their
request was accepted which is one of the reasons people keep doing it.


2. Credit scores ARE indicative of what you have done. They are
based on your credit activity (debt repayment behavior, number of
inquiries, types of credit accounts opened, length of credit accounts
etc.) and are tailored specifically to each individual. These scores
change constantly based on updated information in a person's credit
file. Scores are grouped in relation to the scores of all other
consumers in order to indicate credit risk however the score itself is
unique to each consumer. FICO scores are not the only criteria used
by card issuers to determine acceptance but they are a large part of
the process. In fact, because card issuers use other criteria to
determine acceptance, point number one above is even more valid.

Finally, if anyone is interested, according to Equifax, credit scores
are generally grouped into five risk categories:

280-559....Poor
560-659....Fair
660-724....Good
725-759....Very Good
760-850....Excellent

Would anyone like to guess which group contains the largest percentage
of consumers?

"I have no BK's, no public records - and the last remaining account is
not mine and will soon go bye bye with attorney help." Sounds like
someone associated with the OP has had some issues and this is
probably the reason for being declined. I recently looked at my credit
report and was surprised to see an American Express on it. I don't
have an AmEx, but my husband does through his business and because of
that, it shows on my report. Thankfully, all is well on that front
too. I agree that they should answer your questions, but they don't
have to extend credit to you if they don't believe it is a good
business decision. Remember it is not personal to them like it is to
you.

Credit is not a right. Just as a family member could decide to loan
you some money at their discretion, so can a bank.

They each use their own unique set of rules to guage who is a good
candidate for them to loan their money to and decline the ones that
dont meet that criterion. You might think your report and credit
looks stellar, but to them, it might not be good enough when compared
to their rules for how they loan.

I don't disagree that SOMEONE should be calling you back if you have a
question or need some clarification - That is just good customer
service. HOWEVER, if your intent is to continue to pursue being
approved for this after they have already denied the application, then
I'm not sure what more they can do other than to disregard addditional
calls in the hopes that the message is received.

They already resolved it. They declined you.




I mean if you were calling back to find out what the tail end of the
confirmation number was, that'd be one thing.... BUT according to your
letter you called back to get a different answer than "no".


"calm, quiet resolve" does not mean "yes". Sometimes it means "no".

Why do people think they are OWED a credit card.

I cant get any more credit cards right now because I have 2 business
cards and about 4 personal. I have more credit available to me than I
make in 4 years. I shouldnt need anymore, which is why Chase denied
me. I just wanted to transfer one card to a 0% interest for a year
card and save myself. Oh well.

Have you considered the possibility that the fact you already have 2
credit cards is what is stopping you from getting a third? Many banks
are cutting back on extending credit to people these days. Citibank
probably looked at the available credit you have with your 2 current
cards and decided it was too risky to give you a 3rd card and access
to more credit.

First of all, do not respond to my thread with snarls of my writing.

Second of all, IF you read this - which, I doubt - you'd see I am
demanding an HONEST look, not demanding approval.

Third, if you think extending credit to people who doesn't need it
contributes to the fall of our country, tell that to the crime rate
statisticians; people who AREN'T getting the credit or chances they
deserve are the ones running up in people's houses and taking the
things the people who DO abuse credit cards have bought.

.

You know what caused our country to be "down"? Extending too much
credit to people who couldn't afford it. You have no right to have a
credit card, each company is able to determine who they wish to extend
credit to. If they don't want to do business with you for whatever
reason, then that is their own choice.

us know how that works out for you.