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So upon logging into my Discover account, after 6 months of slugging away at my Discover balance, a CLI is now available to me online.
As my signature states (And I'll re-state)... my CL is at $6,000. I will be at about 2,600 of that by the end of this month.
To those of you who have CLI experience with Discover, do they let you know if it is a soft or hard pull before you submit?
It's asking me for the amount I want and some employment information and I haven't gone past that because I really don't want it to be a hard pull. I've read in the past that some CLI's resulted in a soft pull if you asked conservatively. I really want to get an increase on THIS account since it's the only one with a carrying balance on it.
So any advice, suggestions, or experience with this? (Specially those with soft pull online CLI's?)
Thanks in advance.
Follow my financial journey: http://www.frugalrican.com
I tried to get one online but it didn't go through. I then called in and asked for a CLI. The rep asked me how much I wanted and I said 2K. I told her I didn't want a hard pull and she said, if the system gets me the CLI I requested, it would be a soft pull. If the system denied me and I still wanted the CLI, they would have to d o a hard pull. Their system did in fact approve my request and no hp has shown up on my credit reports.
+1
Discover's luv button is a soft pull. If the system is unable to approve you for the full amount of your request, it will give you a counteroffer (so don't feel like you have to be too conservative in your initial request). You would then have the choice to accept the counteroffer (which would be a sp), or continue to request the full amount (twhich would result in an hp).
As long as they approve your initial request, or you accept their counteroffer, it will be a sp.
Well:
Attempt #1 - Tried for $2,000, figuring it might be a little much. Said they'd need a pull. No-go. Cancel
Attempt #2 - Tried for $1,500. Should have gone for 1,000. No-go. Cancel.
Tried again. Got a message saying they were making a decision and I'd be told in 2 days.
I hope they're not going to hard pull for either one. I'm 100% sure I hit Cancel, so I have no idea what it's thinking about. So, off went a Secure Message, wondering what's going on with this... we'll see.
Follow my financial journey: http://www.frugalrican.com
@FrugalRican wrote:Well:
Attempt #1 - Tried for $2,000, figuring it might be a little much. Said they'd need a pull. No-go. Cancel
Attempt #2 - Tried for $1,500. Should have gone for 1,000. No-go. Cancel.
Tried again. Got a message saying they were making a decision and I'd be told in 2 days.
I hope they're not going to hard pull for either one. I'm 100% sure I hit Cancel, so I have no idea what it's thinking about. So, off went a Secure Message, wondering what's going on with this... we'll see.
Yes, keep us updated. Hopefully there was no HP...
Sorry to hear it. Seems kind of odd that they would tell you that a cli is available and then shoot you down.
Hopefully everything works out
Imagine if it turns out to be 2 HP's for each request.
LOL
I just wish I knew exactly what they were making a decision on.
Lesson learned. I should have just called in. We'll see what happens. One HP isn't going to kill me anyway.
Just would have rather done it without it.
Follow my financial journey: http://www.frugalrican.com
I do not think you will see an HP on this. The system kicked it back and now it is "locked" from further clicks. I had the same thing happen to me, and it was like that for I swear a month. Every time I hit the button - same message as you stated in the post above. Finally, mine went away and I was able to try again.
Never saw an HP though...