Despite having a thick 720 Experian with 0% UTL, AMEX denied my present Green Card application.
Their explanation ended up being:
1) way too many needs for Credit as reported by Experian’s quality services
2) rate of interest on my Installment Loan is way too high as reported by Experian’s quality services
3) a lot of credit card records on which, in our estimation, you’ve got maybe maybe perhaps not compensated most of the stability in current months.
We’d never been aware of Clarity Services before, and so I request their report (and rating).
Per Clarity’s report, we had over a dozen within the last 6 months, and we don’t use for just about any credit. Nevertheless, the pandemic, we had been focused on my car that is used loan and I also had been evaluating prequals for a better rate of interest. For different reasons, we did not refinance (for the reason that my present loan provider had been able to do business with me personally until my income stabilizes by June). But dozens of prequals are detailed as «full inquiries» per Clarity.
Re: my installment loan price; yeah, it really is greater because I took it out under duress when I needed a car (and I’ve missed no payments) than I like.