I got DENIED for apple lease program!

[OCS12]

Since everyone has already covered the standard credit discussion, I'll mention my theory. This bank is new to working with Apple, so this is the first iPhone launch they've dealt with. We've already seen AT&T, UPS, Apple themselves, and many other major companies struggle with the load on their systems in launch/pre-order days. Their automated credit system may have just been overwhelmed.

 

[EW800]

We ALL need to stop thinking in terms of a credit score. That does not paint an entire financial picture of someone. As previously mentioned a whole host of things can lead to a denial DESPITE a fantastic score.

VERY true! The actual score is only one piece of the puzzle. Each bank has their own priorities. I am not sure about Citizens Bank, but some don't like many hard inquiries, some don't like more than a certain number of new accounts within the last year or two, some don't like certain "baddies" on the credit report within a certain time period and so on.

 

[monaarts]

This lease program was for $36 per month. No excuse to not get approved for it, just cause I got a new car.

You do realize that a car loan is usually easier to get than a credit line, right? A car has security, meaning they can come take the car from you and re-sell it if you don't pay, but the credit line has nothing but your signature.

Quite a few years ago I was declined for a store credit card but bought a house about 3 months later.