MidnightVoice wrote:
And the 50/50 CLI/CLD is from all reviews - including those from people dancing on the luv button.
Good point. It was mentioned that 20% were reviewed in a year's time. Many of those reviews were probably triggered by luv button dancers. BTW: I can't wait to call someone a luv button dancer.
Many people report CLDs without going near the luv button. How many people report getting a CLI without requesting one?
How many people are reporting CLDs after requesting a credit line increase? How many are reporting getting CLIs just for the asking? Maybe the unhappy 50% is simply more vocal than the ones who are getting the increases.
MidnightVoice wrote:
That info actually comes from an AMex in-house presentation that is well hidden on their site.
I would be interested in reading that source. I am sure however that Amex does not back up any claims with supporting statistics. Just because a financial company (who happens to be having financial difficulties of its own) makes a claim on its website, doesn't make it true.
It would be impossible to prove the claim one way or the other without providing data which would fall into the category of a "trade secret."
My whole point is the percentages are really irrelevant since there is no way to prove that they are true. Anything the lending institutions say these days should be taken with a grain of salt. They can't even trust each other enough to lend money to each other.
Amex's public relations venues have one objective. That objective is to enhance Amex's image. Plausible explanations of CLDs, that counter negative assumptions about Amex, will definitely be made, whether an explanation is true or not.
I mean no offence, but simply quoting percentages doesn't make them valid. I am positive that my statement is true at least 84% of the time.
...er on the other hand I could be 100% wrong.
