04-08-2009 08:21 AM
04-09-2009 10:06 AM - edited 04-09-2009 10:07 AM
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.
04-10-2009 11:17 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.