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mjvx99

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Why does Credit Karma suggest impossible credit scenarios?
The reason for denial suggest NO chance of approval.

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Top Contributor
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The final decision on credit approval rests with the credit card company.   The term "no chance"  just means you have items to overcome to make for a successful approval in the future.   CK made a suggestion only on limited information.  If you have a 650 score and the average credit score reflected for that account is 640-700 then you have increased odds.  What CK does not know or take into consideration is negatives on your account.   If you have no other credit accounts, that firm may not want to be the first to take the chance.  They are looking for history.   CK wouldn't have immeidate knowedge that you just applied for 10 other cards, most creditors don't like large amounts of credit requests.  If you just maxed out your credit cards and your utilization jumped to 80%,  Ck wouldn't have knowledge that a specific card only took customers with under 20% utilization.  These are items that are in profiles of a specific company.   Just as when you apply to the firm, you may get a pre-approval based on limitations of a soft inquiry, although, upon final application, they would see something on your report which is not favorable and they would then denial the final request.  Take the denial letter from where you applied and work to improve the information they showed caused the effect. 

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