11-18-2009 07:42 AM
11-18-2009 08:57 AM
Don't wait for them...call them now. You never know.
How long were you over the limit? If it was for something like 6+ mos, they're likely to decline. If it was only 1 or 2, you might have a chance.
11-18-2009 09:23 AM - edited 11-18-2009 09:31 AM
I was over the limit 5 months in a row...this is the first month I will not be over....think I should call? If my account is closed, the credit line is still figured in my debt util., correct?
Also, will they need to pull my CR to re-instate my account?
11-18-2009 11:16 AM
I would give them a call; can't hurt. Yes, closed accounts factor into your utilization if it has a balance on it. It will continue to factor in until the balance is $0 and then will be removed from the factoring. You shouldn't get a hard pull; most companies allow 3 months after you close to come back, so in this case you probably have the same leeway. On the other hand, they may ask you to reapply (hard pull).
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