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@CreditCuriousity wrote:Did you utiliation go up significantly on your other cards? Obviously Barclay's SP's you and probably saw either alot of new account or a utiliation spike is my guess. Sorry to here OP
+1 probably baseing it off your entire profile. like too many new accounts maybe not directly from the actions of the barclays card itself. but who knows. i just know at this point. i fear no lender. if they give me AA. time to close and move on. any of them. no matter who.
@zarteycranford wrote:I have been with Barclays for two years. I did a BT onto my ring card and bam CLD. Frontier mastercard 3000 down to 1000 Ring 4000 down to 1800. No change in credit report just a BT to Ring card. no rhyme no reason they got spooked over BT because it was 36% of tradeline. Never had a problem up until now. Why give me 4000 limit then freak out when I use some of it. I have heard stories and was a non believer up until now. I have always revolved these cards showed heavy use payed in full each month. The one time I pull over a balance it becomes an issue. They sent me a letter stating avaliable credit on existing tradelines too high. LOL nothing has changed just an excuse to make me another Barclays Bandit victom. FICOS EXP 739 TRANS 746 EQ 738
That's the key sentence.
I've been with Barclays 2 years as well... and got Sallie Mae a few months ago. I've done a couple BT's... most recently last month for $3k to go with the heavy usage on the $6700 limit.
I sent them 3 payments last month... each over $500 to cover the usage. The BT is 0% till April 2016 so I'll pay that whenever.
No AA as of yet... I don't have $100k in available credit floating around either though.
@zarteycranford wrote:I have been with Barclays for two years. I did a BT onto my ring card and bam CLD. Frontier mastercard 3000 down to 1000 Ring 4000 down to 1800. No change in credit report just a BT to Ring card. no rhyme no reason they got spooked over BT because it was 36% of tradeline. Never had a problem up until now. Why give me 4000 limit then freak out when I use some of it. I have heard stories and was a non believer up until now. I have always revolved these cards showed heavy use payed in full each month. The one time I pull over a balance it becomes an issue. They sent me a letter stating avaliable credit on existing tradelines too high. LOL nothing has changed just an excuse to make me another Barclays Bandit victom. FICOS EXP 739 TRANS 746 EQ 738
Sorry it happened to you OP
Not that this is what caused your situation but Barclay as well as others can learn valuable info through a SP
Such as and not limited to:
How many new accounts within a certain time frame
Is the amount of the BT being moved around from bank to bank for long periods of time while making min. payments and utilizing a 0% time frame. Only to move to another bank when the 0% is close to ending. (AKA pyramiding debt)
Balances and payments across all lenders
So I've always been more interested in what may have caused this so we all have a better picture of the events leading up to this and steering clear of AA/CLD
So I have some questions if you don't mind.
Limits and UTL across all accounts?
New accounts and INQ's in the last 6 months?
If you have balances on a other cards are you making more than min. payments?
Thanks
I truly don't think the CLD was a result of a BT but as was stated in the letter balances on other accounts along with the BT IMHO
Hope things workout for the best
I almost never take these "Barclay unprovoked AA" threads seriously, because the posters rarely give a full disclosure of their file or their behavior. This doesn't mean they aren't telling the truth, from their own perspective. But computers, which make most AA decisions (or at least flags), use a specific criteria and it has to do with perceived riskier profiles. I have no idea what criteria that is.. minimum payments, pyramiding debt, thin file, many inquiries, overall available credit to income ratio, old baddies, bouncing a balance around 0% cards for a long time, etc.. But I definitely don't fear AA without basis from Barclay or any other creditor.
@Bman70 wrote:
I almost never take these "Barclay unprovoked AA" threads seriously, because the posters rarely give a full disclosure of their file or their behavior. This doesn't mean they aren't telling the truth, from their own perspective. But computers, which make most AA decisions (or at least flags), use a specific criteria and it has to do with perceived riskier profiles. I have no idea what criteria that is.. minimum payments, pyramiding debt, thin file, many inquiries, overall available credit to income ratio, old baddies, bouncing a balance around 0% cards for a long time, etc.. But I definitely don't fear AA without basis from Barclay or any other creditor.
While I agree, I do underand the concerns of such posters in SOME circumstances! If the reasons for he AA are just too subtle, or seem way too sensitive, then the complaint that bank A is too.... sort of make sense. Especially if bank A is the only one taking AA on the basis of global things, like utilization and new credit seeking.
But yes, "AA for no reason" doesn't happen. It can just be the reason is wrong, because of data errors, but more often it is either the poster is unaware that that issuer percieves certain hehavor as risky, or the poster (pointlessly) disagrees that the AA was merited.
They are weird.. I asked for a HP CLI-denied. A few days later, they increased my CL by $500..
Hang in there OP just be patient and pay down your utilization, Barclays can be forgiving just exercise patience and you will be rewarded.
@dwz55 wrote:Barclay is weird I maxed my card out for 6 months was at 99% ultilization then they go and double my credit line, yet I hear about people only gong to 20-25% and getting CLD. So weird
same story with amex. carried a massive balance on my clear card, $11,000 out of $13,500, for 5 months. was only paying $250 a month because the APR was 0%. they went ahead and increased my line to 20k when i paid it off.
There's another possible clue in the statement, "I have always revolved these cards, showed heavy use payed in full each month. The one time I pull over a balance it becomes an issue." After a long track record of PIF, a sudden change to carrying 36% util might simply have triggered the computer's algorithm. Sudden changes in spending activity are sometimes interpreted as a flag. This is why I always carry balances of some amount or other.. I never paid in full for years, and got CLIs!
Like I said nothing changed util 1% across all cards balance actualy dropped before op.