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Posted in Credit Cards
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dtk550

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Credit card counter offer / stipulation?
I recently applied for a credit card and there are three fields at the top of the application now that I can see online. Currently it shows the following:

1. Application Status: "Counter-offer"
2. Denial Reason: "Escalating Debt, Judgement "
3. Stipulation: "$1,500"

Does anyone know what this means? Am I denied?

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Denial Reason....

basicly this says that you were denied because your debt is going in the wrong direction,  Your debts have been going up and not down, It appears as if your applying for more credit than you can afford to pay. 

The other 2 reffer to   App Status = how you got the offer for credit, i.e. Pre-screened, pre-approved, Web offer, Counter offer i believe means that you applied on your own and were not mailed an offer for credit. 

Stipulations are what the lender would give you as the max of  credit limit or other reasonalbe limits they might set on an account if they opened one for you.

Hope that helps

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