"Just Another Inquiry"
Macy's Credit Card® Review
Written by: cabana7 on 2008-10-28
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cabana7's review: 
Don't know what kind of consumer they are after
my EX690 TU669 EQ606 99% revolving avail.
Annual income 144k and a homeowner... Reason for decline old disputed gas utility account for $20.00
Don't know what kind of consumer they are aftermy EX690 TU669 EQ606 99% revolving avail.
Annual income 144k and a homeowner... Reason for decline old disputed gas utility account for $20.00
8 Comments
Comment 1 by dunta
Too Bad. 
on 2008-10-28
A twenty dollar dispute? You're better off without this card. Good luck to you.
on 2008-10-28 A twenty dollar dispute? You're better off without this card. Good luck to you.
Comment 2 by rivasglo
Oh Well. on 2008-10-28
Omg, that is crazy.
From what I've read this is a card thatll grow with you. IDK cause I don't have it ;)
on 2008-10-28 Omg, that is crazy.From what I've read this is a card thatll grow with you. IDK cause I don't have it ;)
Comment 3 by colonative
And? on 2008-10-28
There has to be something else besides the charged off utility bill. How many inquiries have you had in the past 12 months?
It might be in your best interest to call that collection agency and have them agree, in writing, to remove that collection account if you pay it in full.
on 2008-10-28 There has to be something else besides the charged off utility bill. How many inquiries have you had in the past 12 months?It might be in your best interest to call that collection agency and have them agree, in writing, to remove that collection account if you pay it in full.
Comment 4 by wildrage2
Only Part Of The Equation on 2008-10-28
You can have an 825 FICO, make $250k/year, and have 0 utilization, and still get denied by Orchard Bank or Hooters.
Why you may ask?
The above 2 factors are only a part of the equation. Probably about half.
- How many inquiries have you had in the past 6 months? Good luck getting credit if you have more than 10.
- How many new accounts did you open in the last six months? Good luck getting credit if you opened up several.
- What is your payment history like? You can have a 700 FICO and still have several 30 day lates in the past few years.
on 2008-10-28 You can have an 825 FICO, make $250k/year, and have 0 utilization, and still get denied by Orchard Bank or Hooters.Why you may ask?
The above 2 factors are only a part of the equation. Probably about half.
- How many inquiries have you had in the past 6 months? Good luck getting credit if you have more than 10.
- How many new accounts did you open in the last six months? Good luck getting credit if you opened up several.
- What is your payment history like? You can have a 700 FICO and still have several 30 day lates in the past few years.
Comment 5 by thomas1
Macy's on 2008-10-28
I would tend to agree with Wildrage, I am leaning toward inquiries, and not that 20$ collection item.
Several accounts also, as I see many posts just on here. Not to bust your chops or anything, but you could have too many new accounts within 12 months, too many inquiries in last 12 months, and actually too much available credit to deny
I know Macy's approves a lot of people with less than perfect credit, so there may lie your problem with them
on 2008-10-28 I would tend to agree with Wildrage, I am leaning toward inquiries, and not that 20$ collection item.Several accounts also, as I see many posts just on here. Not to bust your chops or anything, but you could have too many new accounts within 12 months, too many inquiries in last 12 months, and actually too much available credit to deny
I know Macy's approves a lot of people with less than perfect credit, so there may lie your problem with them
Comment 6 by meya
Wow on 2008-10-28
Wildrage, you hit it on the nose. I have to agree, everyone thinks that income, scores, and credit history is all that matters. But where they fail to realize is that banks use other factors when making a decision to offer credit.
I would hope cabana7, that you are not applying for credit back to back, because your scores will not be what you just mentioned, trust me, you will have taken a hard hit.
on 2008-10-28 Wildrage, you hit it on the nose. I have to agree, everyone thinks that income, scores, and credit history is all that matters. But where they fail to realize is that banks use other factors when making a decision to offer credit.I would hope cabana7, that you are not applying for credit back to back, because your scores will not be what you just mentioned, trust me, you will have taken a hard hit.
Comment 7 by rockin35
If All Else Fails..... on 2008-11-07
If all else fails, and you don't have a high amount of recently opened accounts or too many inquiries. Ask them to reconsider and contact the Main Corporate Office. It cant hurt... Rockin35
on 2008-11-07 If all else fails, and you don't have a high amount of recently opened accounts or too many inquiries. Ask them to reconsider and contact the Main Corporate Office. It cant hurt... Rockin35
Comment 8 by cabana7
Scores Went Up on 2008-11-09
EX704 EQ689 TU669 Don't need the card anyway just thought about using during the holidays...
on 2008-11-09 EX704 EQ689 TU669 Don't need the card anyway just thought about using during the holidays...
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Disclaimer: This content is not provided by Department Stores National Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Department Stores National Bank. Review content is powered by Finance Globe.
