Reply
Contributor
Posts: 110
Registered: ‎10-19-2007
0

GE Cap CL decrease! So MAD!!!!

Ok, so every once a month or two, I go on my credit card websites to verify everything is all good (auto pays are set up and still working properly, no unauthorized transactions, etc).  I go on my GE Capital site because they have a tendency to screw up my auto pay.  And I see that sometime over the last two weeks they DECREASED my credit line by $1200!!!  I am unbelievably pissed.  I had no notification, and I actually planned on using that card this weekend... well, that's out of the plans now!  I called them up and spoke to what sounded like a VERY young cust service rep who had NO idea what to say to me because my irate behavior was probably not on his scripted answers.  He transferred me to his superior, who couldn't care less about the ramifications of their actions to my credit score.  Now my utilization of that card is almost 90% when it was at 50%!!!  Still too high, I know, but I have never been late and always paid more than the minimum.  I considered myself a good customer to them.  I used my card often enough but not too often, never maxed it out... 

 

Their stock answer was that they pulled my report and their decision was IRREVERSIBLE... it doesn't matter that I was just approved for a car loan, so my credit was good enough for that, but not for their $1200??  I can't even appeal their decision, so says the "nice" lady (note sarcasm) at GE capital.  I only have one ding on my CR, and unfortunately it's my mortgage and that was about 18 months ago.  I have NO lates, and everything is paid as agreed.  My util is / was high because I had a wedding to pay for and used my card a bit more than usual, but never late on that either.  My husband is co-applicant on the GE Cap card and he has better credit than I do, because he has cards with zero balance and his util rate is lower than mine. 

 

Has anyone else had problems with GE Capital?  Should I appeal even though the lady says it's IRREVERSIBLE?? 

Established Contributor
Posts: 792
Registered: ‎08-30-2011
0

Re: GE Cap CL decrease! So MAD!!!!

Don't appeal anything.  Call underwriting directly and tell them what credit limit you want.

Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
Valued Contributor
Posts: 1,292
Registered: ‎08-19-2012
0

Re: GE Cap CL decrease! So MAD!!!!


flowfaster wrote:

Don't appeal anything.  Call underwriting directly and tell them what credit limit you want.


this +1

Chase Sapphire Perferred | Chase Freedom | AMEX Platinum | AMEX Delta Platinum | AMEX SPG | Capital One Venture | Capital One Quicksliver | Discover IT | ABFCU Visa | Citi AA WEMC
Contributor
Posts: 110
Registered: ‎10-19-2007
0

Re: GE Cap CL decrease! So MAD!!!!

How do I contact Underwriting?

Community Leader
Senior Contributor
Posts: 26,876
Registered: ‎02-07-2013
0

Re: GE Cap CL decrease! So MAD!!!!


lagb wrote:

How do I contact Underwriting?


Look under backdoor number threads

good luck



+ Chase Ink =

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.