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I'm completely lost here. I am planning on having a new roof put on my shop and figured it would be a great time to get a Lowes card. I make 92k per year, my Wife makes 35k per year, we have zero debt except for our mortgage which is $800 per month and 2 vehicle loans which are $200 and $250 each. We have zero credit card debt. I was only approved for $1,000 for a Lowes card and when I called to ask about this getting lifted they told me due to the mortgage and 2 auto loans that our debt to income ratio is to high. This makes ZERO sense to me unless they look at it in the fact that the total still owed on the mortgage is 120k and also factor in the cars which are 15k and 9k.
Any thoughts on this?
Isn't that a credit repair company? I also should have added that I have an 805 credit score and my Wife has a 795.
@tehdrizzle wrote:Isn't that a credit repair company? I also should have added that I have an 805 credit score and my Wife has a 795.
Credit Solutions is not a repair company... GE Money bank is who backs Lowe's card. They can increase your credit line very easily with a SP, not HP.
"GE Moneybank: 866-519-6441 (Credit Analyst/Credit Solutions)
GECRB -Credit Solutions 877-379-8173"
http://ficoforums.myfico.com/t5/Credit-Cards/Backdoor-Numbers/m-p/408066
Awesome, thank you!
Call them or PM them from your account. They upped my initial limit hours after approval.
@tehdrizzle wrote:I'm completely lost here. I am planning on having a new roof put on my shop and figured it would be a great time to get a Lowes card. I make 92k per year, my Wife makes 35k per year, we have zero debt except for our mortgage which is $800 per month and 2 vehicle loans which are $200 and $250 each. We have zero credit card debt. I was only approved for $1,000 for a Lowes card and when I called to ask about this getting lifted they told me due to the mortgage and 2 auto loans that our debt to income ratio is to high. This makes ZERO sense to me unless they look at it in the fact that the total still owed on the mortgage is 120k and also factor in the cars which are 15k and 9k.
Any thoughts on this?
Congrats on your approval
@KennyRS wrote:
Call credit solutions and that 1k can easily turn into 10k or 15,20,25.
+1, ask for $40k and they'll counter and meet you somewhere in the middle