I requested a CLI from Alliant CU.
It's always a hard pull with them.
They pulled TU, using FICO 9, which was at 812.
They indicated I'd been approved.
When the dust settled, instead of a credit limit increase, I'd received a credit limit decrease, from 25k to 15k.
@Appleman wrote:They didn't just forget a zero?
Have you received the reasons yet? Too much available credit? Too many inquiries?
Sorry to hear they gave you a decrease.
Yeah that would be nice, if they really meant $150,000 rather than $15,000.
No haven't received reasons yet; it's undoubtedly stuff like that.
But that isn't the point. They should either grant my CLI request or deny it, but not use it as a basis for a CLD.
This really leaves a sour taste in my mouth about doing business with them.
@Anonymous wrote:
@SouthJamaica wrote:I requested a CLI from Alliant CU.
It's always a hard pull with them.
They pulled TU, using FICO 9, which was at 812.
They indicated I'd been approved.
When the dust settled, instead of a credit limit increase, I'd received a credit limit decrease, from 25k to 15k.
Ouch that kind of stings. Sometimes despite income, if a lender feels you have too much available credit, they will not grant more and could end up taking some away. That nearly happened to me in 2009 when I opened my second BofA card. Ultimately they ended up taking credit from one card to open the second but I nearly lost my full credit line on the first card.
I am sorry this happened to you but thankful that you have shared this experience so that others are aware of how Alliant may opperate.
I guess it's a cautionary tale:
Don't ever ask Alliant Credit Union for a credit limit increase because
(a) they will take a hard pull
(b) it doesn't matter to them how high your credit score is or how perfect your credit history is
(c) they treat a credit limit increase as if it's a credit limit increase-or-decrease request
This is the very reason I don't recommend their credit services outside of a SSL. The checking account and savings account are nice to have. Other than that, nothing glaringly great about the the other products.
Sorry for your CLD . Though it doesn't surprise me with them. Being one of the three larger CU affiliations I have. They're without a doubt the most conservative.
Sorry for your CLD . Though it doesn't surprise me with them. Being one of the three larger CU affiliations I have. They're without a doubt the most conservative.
@SouthJamaica wrote:
@Anonymous wrote:
@SouthJamaica wrote:I requested a CLI from Alliant CU.
It's always a hard pull with them.
They pulled TU, using FICO 9, which was at 812.
They indicated I'd been approved.
When the dust settled, instead of a credit limit increase, I'd received a credit limit decrease, from 25k to 15k.
Ouch that kind of stings. Sometimes despite income, if a lender feels you have too much available credit, they will not grant more and could end up taking some away. That nearly happened to me in 2009 when I opened my second BofA card. Ultimately they ended up taking credit from one card to open the second but I nearly lost my full credit line on the first card.
I am sorry this happened to you but thankful that you have shared this experience so that others are aware of how Alliant may opperate.
I guess it's a cautionary tale:
Don't ever ask Alliant Credit Union for a credit limit increase because
(a) they will take a hard pull
(b) it doesn't matter to them how high your credit score is or how perfect your credit history is
(c) they treat a credit limit increase as if it's a credit limit increase-or-decrease request
I asked them last year for a CLI I dont know how many times, and of course declined for the obvious, lol. My limit is only $500, so its not like they could CLD it much more. At the end of the year, I either gt a CLI to a min of $5k, or I close it and the membership.
I havent even used my card for 2 months now. The last lady I spoke with in their lending said they couldnt even increase the limit if they wanted too right now because im in their new acct promotion itll October, so the acct stays as is till then. I thought that was the most dumbest thing Id ever heard.
Sorry for the CLD you got 
Sorry for the Cld SJ, nice to know they double dip on Cli requests, You may ask for a cli but they may end up giving you cld , omg,