Despite what I've read here and heard from friends and close family members about CLD, closed accounts ect. I felt the same way until a few days ago.
I gave you pretty much the whole story sirs, I'll give you a few more details in this post. I do not understand why you would kill her CC now, when the collection has been on there since last year, then give me a line of Bull S about our payments are low relative to balances.
I've made large payments relative to my balances, I've already paid down $15,000 in CC debt this year alone out of a total that was $19,000 and the last $4,000 we owe will be gone easily in 12 months probably more like 6. Those are small payments though. Her utilization is too high on her CCs?
Less than 15% CC util. is high.
Paying off all your credit card debt in as little as 8 months to a years time are to small of payments relative to balances? Several of those payments we sent in paid the cards in full inlcuding the Amex card.
What kind of risk model are they running?
As I think about it... I really shouldn't be upset I suppose, in the end we don't need the credit line, and in terms of customer service our credit union has really blown the doors off any other lender we've worked with inlcuding a major bank my wife worked for...
-JJ
Message Edited by Jayjinx on 06-12-2009 09:26 AM
