Reply
Established Contributor
fevmlo
Posts: 640
Registered: ‎03-28-2008
0

Re: Can this happen? Ask for CLI and get CLD


JRInWA wrote:

It happened to me in October with my Discover Card.  Opened the account in March 08.  Requested a CLI in October 08.  My CL was $3,000.  DENIED.  Then one week later CLD to $0.  In addition, the account was suspended :smileymad: The reason?  Too many new accounts opened in past 12 months.  I called for recon.  CSR stated they needed to see 6 months of usage on ALL accounts prior to reopening account.  I closed it immediately.  Bal $0.  So anyway, yes it can happen.

 

Sadly, I went on an app spree afterwards :smileysad:

Message Edited by JRInWA on 12-10-2008 03:31 AM

YIKES!
 
Sorry that happened to you, that really sucks. How many accounts HAD you opened in the past 12 months?

 

EQ: 723 / TU: 760 (August 2009)
Valued Member
JuliaTN
Posts: 68
Registered: ‎11-07-2007
0

Re: Can this happen? Ask for CLI and get CLD

I applied for a BOA HELOC on a house which has $0 mtg and is worth about $150k. I have another house worth about $125k (Wells Fargo BPO'd it last year at $185k so I'm not being unrealistic) on which I owe $80k. I had two BOA CC's $26k line & $11.5k line. The larger one was just increased in Aug from $23k without me asking. On both of these cards, I usually charge the full CL each month and pay in full. I have NO derogs on my report. Not a single late payment. Ave acct age about 8-9yrs. Scores in the 710-720 range because I don't bother to PIF before it reports (ie shows high util) but BOA should be able to see that I charge $40k every month and then pay it off. Does that sound like financial trouble? Money laundering perhaps...

 

Long sad story short, they not only denied the HELOC, but they CLOSED both accts. Not CLD, but CLOSED.

 

Don't know if they are just tightening up or if they realized they were paying out $400 in rewards cash every month...

Valued Member
JRInWA
Posts: 26
Registered: ‎04-26-2008
0

Re: Can this happen? Ask for CLI and get CLD


fevmlo wrote:
YIKES!
Sorry that happened to you, that really sucks. How many accounts HAD you opened in the past 12 months?

 


 

Umm.... only 34.  But I need them all :smileyhappy:

01/07/2009 - | TU=674 | EQ= 700 | EX=705 |
12/26/2008 - | TU=659 | EQ= 700 | EX=692 |
12/09/2008 - | TU=671 | EQ= 732 | EX=704 |
11/15/2008 - | TU=657 | EQ= 699 | EX=695 |
Established Contributor
Changingmantra
Posts: 676
Registered: ‎01-24-2008
0

Re: Can this happen? Ask for CLI and get CLD

I certainly believe that this is what happened when my GEMB were hit since all the declined came after limit increase requests.
*Note to self* Remember why and for how long you had to rebuild in the first place! One Day at a Time, One Day at a Time!
Contributor
soonerORlater750
Posts: 78
Registered: ‎08-23-2008
0

Re: Can this happen? Ask for CLI and get CLD

LMAO @ "only 34".  I needed a deep belly laugh this morning.  Thanks!  ha ha ha ha   Lordy.
4/13/08 FICOs: TU 646 / EQ 583 / EX 623
2/06/09 FICOs: TU 708 / EQ 689 / EX 705
12/12/09 FICOs: TU 773 / EQ 737 / EX 761
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
0

Re: Can this happen? Ask for CLI and get CLD


JRInWA wrote:


fevmlo wrote:

YIKES!

Sorry that happened to you, that really sucks. How many accounts HAD you opened in the past 12 months?

 
Umm.... only 34.  But I need them all :smileyhappy:



Err, define "need," please???

And what on earth were they?
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Valued Contributor
debtisgood
Posts: 1,126
Registered: ‎03-25-2008
0

Re: Can this happen? Ask for CLI and get CLD

Julia,

 

If you charge 40k a month you need either much higher lines or a charge card like an Amex green or gold. If you PIF every month there is no reason why you shouldn't be 760 +. Your banks aren't serving your needs with those credit lines because you practically were maxing them out every month.

Valued Member
JRInWA
Posts: 26
Registered: ‎04-26-2008
0

Re: Can this happen? Ask for CLI and get CLD


haulingthescoreup wrote:
Err, define "need," please???

And what on earth were they?

 

WELL... sadly, credit cards help boost my self esteem.  When I'm feeling down, I apply for a credit card and if I'm approved, I feel better.  I like looking at them from time to time.

 

I've listed most of my credit cards in another posting so I won't bore you listing them again.  I have 39 credit cards.  I closed around 16 sub-prime & low limit accounts starting in December 07 - February 08.

01/07/2009 - | TU=674 | EQ= 700 | EX=705 |
12/26/2008 - | TU=659 | EQ= 700 | EX=692 |
12/09/2008 - | TU=671 | EQ= 732 | EX=704 |
11/15/2008 - | TU=657 | EQ= 699 | EX=695 |
Senior Contributor
score_building
Posts: 3,524
Registered: ‎01-10-2008
0

Re: Can this happen? Ask for CLI and get CLD

 

JRInWA wrote: 

 1-I have 39 credit cards.  2-I closed around 16 sub-prime & low limit accounts starting in December 07 - February 08.


1-wow

2-WTG!

 



 

 v


 

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Regular Contributor
Wesley23
Posts: 122
Registered: ‎06-02-2008
0

Re: Can this happen? Ask for CLI and get CLD


JRInWA wrote:

haulingthescoreup wrote:
Err, define "need," please???

And what on earth were they?

 

WELL... sadly, credit cards help boost my self esteem.  When I'm feeling down, I apply for a credit card and if I'm approved, I feel better.  I like looking at them from time to time.

 

I've listed most of my credit cards in another posting so I won't bore you listing them again.  I have 39 credit cards.  I closed around 16 sub-prime & low limit accounts starting in December 07 - February 08.


Wait-- you have 39 cards AFTER closing 16 of them? What's more amazing than having 39 cards is why he is still approved for credit and the fact that his previous creditors haven't shut him off completely. And those accounts are going to stay on his CR for 10 years!

 


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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+