tmac01 Posted February 12, 2008 Report Share Posted February 12, 2008 What I am asking is that I want to apply for a Guitar Center CC and they are through HSBC but I already have a Best Buy and BB Master card, Roomstore,and HSBC Mastercard. I guess I'm asking this question because I applied for a Furniture Row CC and I was denied. Now I have never had 30 day lates on any of these CC's and HSBC checks EQ my highest score but I was denied. I have a super clean EQ score with only the Utilization being a little high and no collections or negatives. I was told by the salesman at Furniture Row that it was because I had too many CC's through HSBC and that HSBC saw me as one customer through one bank. Is this the problem ? I guess if I apply and I am denied I can always delete the inquiry in 24 hrs....lol.... Thanks ! Link to comment Share on other sites More sharing options...
Krash Posted February 12, 2008 Report Share Posted February 12, 2008 i think u can score 3 if they aren't looking, i have a decent score but can't get anything else from them because i have the BB mc, and the oh****card lol Link to comment Share on other sites More sharing options...
tmac01 Posted February 12, 2008 Author Report Share Posted February 12, 2008 Guitar Center HSBC turned me down they said I had too many open accounts but they are counting about 15 school loan accounts. I wonder if I consolidate them if that will change anything ? Link to comment Share on other sites More sharing options...
jq26 Posted February 12, 2008 Report Share Posted February 12, 2008 Maybe they will, but it may effect your score negatively by turning 15 older established tradelines into one brand new account. Only do it if there is a sizable interest rate reduction in consolidation. Link to comment Share on other sites More sharing options...
Moneedshelp Posted February 12, 2008 Report Share Posted February 12, 2008 Guitar Center HSBC turned me down they said I had too many open accounts but they are counting about 15 school loan accounts. I wonder if I consolidate them if that will change anything ?when I consolidated my loans, the old TL were not deleted. Only showing as closed, but they are still there and do help with age. YMMV Link to comment Share on other sites More sharing options...
sgip2000 Posted February 13, 2008 Report Share Posted February 13, 2008 I'm not sure what the deal is with the number of cards from HSBC one is limited to. I have 2 MasterCards, BestBuy store, and HP HomeStore all with HSBC. They do a lot of auto-denials though. Once you receive the denial letter, call them and they'll verify ID and approve. Link to comment Share on other sites More sharing options...
tmac01 Posted February 13, 2008 Author Report Share Posted February 13, 2008 Thats a good point ! I called HSBC today and the lady said " your a 1 " which means you have a BK on your CR. I said "No ma'm ! " she said " how old are you and when were you born ? " I told her and she said "hold on." she came back and said " how much did you ask for ? " I told her that it was a CC app and they didn't give me that choice, she put me on hold again. When she came back she said " sorry that was my mistake, you have to many accts even though some are closed and most are school loans but we see you as a risk. " Go figure ! Now when I decided to go and apply at Musicians Friend I noticed the website and app was the same and yes it was HSBC again. I called them first and explained and the lady was real nice. She told me that just because Guitar Center and Furniture Row turned me down that it did not mean that Musicians Friend would. She said each store had their own criteria and all they did was loan the money. I'm just worried about another inquiry and the 24 hr inquiry removal did not work for me this past time Link to comment Share on other sites More sharing options...
jq26 Posted February 13, 2008 Report Share Posted February 13, 2008 when I consolidated my loans, the old TL were not deleted. Only showing as closed, but they are still there and do help with age. YMMVThe age of your open accounts is what matters. That is why they say not to close your credit cards even when you don't use them. When you close your accounts, the average age of your tradelines tanks. For some, that can kill their score. Link to comment Share on other sites More sharing options...
dinomosin Posted February 13, 2008 Report Share Posted February 13, 2008 I have 2 HSBC cards and still get offers at least once a week.The last time I answered one I was turned down because it said "You can not have any more than 2 accounts with us at one time"They went ahead and did a hard pull from Experian. Anyone think I could ask them to delete the inquiry. How would I go about it? Link to comment Share on other sites More sharing options...
tmac01 Posted February 13, 2008 Author Report Share Posted February 13, 2008 Experian....never,ever,ever,ever, ever,ever,ever, removes Inq's....Good Luck though !!!!! Link to comment Share on other sites More sharing options...
dinomosin Posted February 14, 2008 Report Share Posted February 14, 2008 I was actually thinking about ashing HSBC to remove the inquiry. I think I've heard that's the only way to get one removed from Experian. Would I just email the CEO? Link to comment Share on other sites More sharing options...
tmac01 Posted February 15, 2008 Author Report Share Posted February 15, 2008 Man Ex never removes inquiries ! As a matter of fact EX is Satan Link to comment Share on other sites More sharing options...
sambabchip1 Posted February 16, 2008 Report Share Posted February 16, 2008 I had 3 cards, bb/ bb visa/ and household, always paid on time1 was a 0 bal the others are 1000 and 2000 cl. about 50% ulithey closed all account in 1 day , i dont care i have amex and a few more cc but WTFSAM Link to comment Share on other sites More sharing options...
Krash Posted February 16, 2008 Report Share Posted February 16, 2008 I know this is thread jacking, BUT has anyone noticed the NEW look hsbc has on their website now? WOW. Very impressed........... AND SAM stick that AMEX lol..........jk...... AMEX AND DISCOVER HATES ME Link to comment Share on other sites More sharing options...
egg Posted February 17, 2008 Report Share Posted February 17, 2008 I did an online app last week and got the immediate response of too many open HSBC accounts. I only have 1. Link to comment Share on other sites More sharing options...
tmac01 Posted February 17, 2008 Author Report Share Posted February 17, 2008 Thank you EGG !!!!!! I was told too many open accts with HSBC as well. They use to be my best friend but it seems just like the other CC companies they are getting tougher on who they approve and Krash I have 3 Amex CC's and I hate them as well. First they lowered my cl's from $30,000 to what I owed at around $2,500 per CC and their reason " cause we can !" and now even though I paid off both CC's ( ones an Amex Gold that I pay monthly) they are still showing it as a mac out CC on my CR and they are being Arses about showing the zero balance, talk about hurting your credit score....Now I jacked my own thread......... Link to comment Share on other sites More sharing options...
teacherofec Posted February 17, 2008 Report Share Posted February 17, 2008 I had two HSBC cards then I got an Auto loan with them in confirming my identity for the auto loan they said you qualify for the gold card! so I got a forth account and didn't even ask for it!! I think its who you talk to at CS that Gives you the TL or not. Link to comment Share on other sites More sharing options...
tmac01 Posted February 18, 2008 Author Report Share Posted February 18, 2008 Thats another good point teacherofec when I called the CS it was like they almost wanted to give me the CC but at the last minute decoded not too ! Link to comment Share on other sites More sharing options...
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