04-08-2009 08:21 AM
04-09-2009 10:06 AM - edited 04-09-2009 10:07 AM
04-09-2009 01:06 PM
04-09-2009 01:18 PM
04-09-2009 07:57 PM
I just got notice today after getting my card denied...
CLD from 8000 to 2500. I called and talked to them. The girl was like I know it sucks but there's nothing I can do and she had heard it all since they are doing it to everyone.
I was decreased due to having too high a balance on the card (2350 out of 8000) for too long (a few months), and that I had too many delinquincies on my CR. I explained to her I havent had a baddie in over 3 years and that any and all delinquincies were there the day they approved me. She also said that my overall revolving debt was too high (being that this is the only card I had a balance on I find that hard to believe).
Anyways she told me: get all my baddies off of my report in 90 days and pay my balance in full and they will re-review it. or....Wait an entire year and ask for a CLI, no period shorter than a year will any CLI be granted if any.
The worst thing is that my utilization of that card just went from like 29% to 94% in one day. That is going to make my credit score plummet. F amex I am gonna start shopping for a new card.
04-09-2009 08:43 PM
04-10-2009 11:17 AM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO